Month: November 2017

Avanza propuesta para crear Comité Ciudadano para vigilar fondo minero

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http://www.elimparcial.com/EdicionEnLinea/Notas/Noticias/23112017/1279932-Avanza-propuesta-para-crear-Comite-Ciudadano-para-vigilar-fondo-minero.html

HERMOSILLO, Sonora(GH)

La iniciativa presentada por los legisladores Luis Serrato Castell, Moisés Gómez Reyna, Carlos Fú Salcido y Javier Dagnino Escobosa para conformar comités ciudadanos que supervisen la aplicación de los recursos correspondientes al Fondo Minero, dio un paso más, al ser aprobada en reunión de Comisiones de Presupuestos y Asuntos Municipales, y de Minería, donde fue dictaminada a favor.
Avanza propuesta para crear Comité Ciudadano para vigilar fondo minero

El coordinador parlamentario, Luis Serrato Castell, recordó que la propuesta surgió de los regidores Celina Aldan Martínez, José Aguiar Varela y Paola Hermosillo Zúñiga quienes el 7 de septiembre se reunieron presentaron ante el Congreso sonorenses este reclamo social.

Lo anterior tiene como objetivo darle poder a los ciudadanos para decidir sobre las obras e infraestructura pública del Fondo minero, en un marco de transparencia.

“Queremos que las cosas cambien, que la gente tenga el poder de decidir las obras que se llevarán a cabo en sus comunidades.

“Por ello estamos comprometidos con esta petición de nuestros compañeros regidores, pues ellos representan a la gente que vive en regiones mineras y buscan que un Comité Ciudadano de transparencia a la aplicación de estos importantes recursos”, indicó Luis Serrato Castell.

Durante el trabajo de dictaminación, el legislador Moisés Gómez Reyna detalló que la iniciativa tiene como premisa que la información de los montos sea pública, que se implementen mecanismos ágiles para privilegiar la participación ciudadana, información pública de las obras autorizadas y la posibilidad de que sean fiscalizadas por un órgano de control y evaluación gubernamental.

“Como legisladores estamos siempre pendientes de las propuestas de los representantes de la gente como son los regidores, de quienes recibimos este tema que dejó entrever la preocupación que existe de que un comité ciudadano revise y proponga obras, porque nos hemos topado con municipios en donde se toman decisiones que muchas veces son locuras y ocurrencias de sus alcaldes y debemos de luchar contra ello”, aseguró Carlos Fú Salcido, quien suscribe la iniciativa.

Javier Dagnino Escobosa, quien representa en el Congreso del Estado a municipios de extracción minera, expresó que se espera que la próxima votación en el pleno por parte de todas las fuerzas políticas sea un hecho para beneficiar a estas comunidades.

PIE DE FOTO: La iniciativa para transparentar la aplicación de los recursos del Fondo Minero fue presentada el 07 de septiembre por regidores de zonas fronterizas al los diputados del PAN.

Argo Gold Expands Advisory Board

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Toronto, Ontario–(Newsfile Corp. – November 30, 2017) – Argo Gold Inc. (“Argo Gold” or the “Company“) (CSE: ARQ) is pleased to announce that Phillip Walford is joining the advisory board of Argo Gold. Phillip is the President and CEO of Marathon Gold Corporation and one of the founders of the predecessor company, Marathon PGM Corporation which was sold to Stillwater Mining in 2010. He has been involved in mining and exploration for over 40 years in operations in North and South America. His skill at evaluating projects and expanding resources was developed from working as a mine geologist and being on the development teams that brought into production several copper/zinc deposits and precious metal deposits, among them, the Williams Mine at Hemlo, discovering a large Zinc /Gold deposit in southern Chile and the San Francisco Mine in Sonora, Mexico. Phillip has held senior positions with a number of companies including Anaconda Gold, Geomaque Explorations, LAC Minerals, Pamour Porcupine Mines and Hudson Bay Exploration and development. All of these positions involved mine management knowledge as well as geological knowledge to direct mine site resource and reserve development as well as resource and reserve estimations initially on a mine site scale with Hudson Bay Exploration and Development and on a company wide scale as at Pamour Porcupine Mines and LAC Minerals.

About Argo Gold Inc.

Argo Gold is listed on the Canadian Securities Exchange under the ticker ARQ. Argo Gold is focused on gold exploration projects located in central and northwestern Ontario. All of Argo Gold’s projects are 100% owned and have indications of economic viability. Argo Gold’s website is www.argogold.ca.

Judy Baker
(416) 786-7860
jbaker@argogold.ca

 

SilverCrest Announces C$6 Million Bought Deal Private Placement

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SilverCrest_20171130

SilverCrest Metals Inc. (“SilverCrest” or the “Company”) (TSX VENTURE:SIL)(OTCQX:SVCMF) is pleased to announce that it has entered into an agreement with a syndicate of underwriters (the “Underwriters”) led by National Bank Financial Inc. and PI Financial Corp., and including Cormark Securities Inc. and Eight Capital Corp., pursuant to which the Underwriters will purchase for their own account, or arrange for substituted purchasers to purchase, on a bought-deal private placement basis 5,715,000 units of the Company (“Units”) at a price of C$1.05 per Unit for aggregate gross proceeds to the Company of C$6.0 million (the “Offering”). Each Unit will consist of one common share of the Company (a “Common Share”) and one-half of one common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant will be exercisable to purchase one Common Share at an exercise price of C$1.45 for a term of 24 months from the closing date of the Offering.

Marlin Gold Reports Q3 2017 Financial and Operating Results

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Marlin_301117

November 30, 2017 — Vancouver, British Columbia — Marlin Gold Mining Ltd. (TSX-V: MLN) (“Marlin” or the “Company”) is pleased to announce its financial results for the three and nine months ending September 30, 2017 (“Q3” and the “First Nine Months 2017,” respectively). This press release should be read in conjunction with the company’s Condensed Interim Consolidated Financial Statements for the three and nine months ended September 30, 2017 and 2016 as well as Management’s Discussion & Analysis (“MD&A”) for the same period, available on the Company’s website at http://www.marlingold.com and under the Company’s name on SEDAR at http://www.sedar.com. All monetary amounts are expressed in Canadian dollars unless otherwise specified.

 

OPOSURA DRILLING UPDATE

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azure_nov 29, 2017

Azure Minerals Limited (ASX: AZS) (“Azure” or “the Company”) is pleased to provide an update of activities and progress on the Company’s flagship, high-grade Oposura zinc-lead-silver deposit, located in the northern Mexican state of Sonora.

Drilling is proceeding well and since the start of the drill campaign in mid-October, a total of 51 holes, of the 120 planned, have been completed for 2,665m. Processing of the core samples is proceeding smoothly and samples from 37 holes have been submitted to the Bureau Veritas Laboratories in Vancouver, Canada. Results from the first batches of holes are expected to be reported to the market shortly.

GFM ENTERS INTO EVALUATION AGREEMENT

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GFM_Nov 29, 2017

VANCOUVER, British Columbia, Nov. 28, 2017 (GLOBE NEWSWIRE) — GFM Resources Limited (the “Corporation”) (TSX-V:GFM.H) is pleased to announce that it has entered into an exploration and evaluation agreement with Minera Auricup, S. de R.L. (“Auricup”) for exclusive access to conduct exploration and evaluation of the merits of a mineral concession (the “Evaluation Agreement”) of Auricup’s Baviácora concession (the “Concession”), located in the state of Sonora, Mexico.

Under the terms of the Evaluation Agreement, the Corporation will pay for outstanding mineral rights of the Concession, will have exclusive access rights for a period of six months, and will obtain a minimum 15% ownership stake in the Concession. The starting of the six-month initial evaluation and exploration term is subject to Auricup negotiating the land access rights with the local communal land administration.  If, for any reason, such access rights are not successfully negotiated within 120 days of the date of Evaluation Agreement, the Corporation has the option of demanding full repayment, or to obtain a similar stake in a different but equivalent mineral concession owned by Auricup.

Capstone Mining to Attend Upcoming Investor Conference

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Capstone Mining to Attend Upcoming Investor Conference

VANCOUVER, British Columbia, November 29, 2017 /PRNewswire/ —

Capstone Mining Corp. (“Capstone”) (TSX: CS) today announced that management will attend the following investor conference:

Scotiabank Mining Conference in Toronto, Ontario. Darren Pylot, President and CEO will be speaking on Wednesday, December 6, 2017 at 10:30 a.m. ET.

Capstone’s most recent corporate presentation is available at: http://capstonemining.com/investors/events-and-presentations/default.aspx.

About Capstone Mining Corp.
Capstone Mining Corp. is a Canadian base metals mining company, focused on copper. We are committed to the responsible development of our assets and the environments in which we operate. Our three producing mines are the Pinto Valley copper mine located in Arizona, US, the Cozamin polymetallic mine in Zacatecas State, Mexico and the Minto copper mine in Yukon, Canada. In addition, Capstone has two development projects; the large scale 70% owned copper-iron Santo Domingo project in Region III, Chile, in partnership with Korea Resources Corporation, and the 100% owned Kutcho copper-zinc project in British Columbia, Canada, as well as exploration properties in Chile and US. Capstone’s strategy is to focus on the optimization of operations and assets in politically stable, mining-friendly regions, centred in the Americas. Our headquarters are in Vancouver, Canada and we are listed on the Toronto Stock Exchange (TSX). Further information is available at www.capstonemining.com.

Contact: Cindy Burnett, VP, Investor Relations and Communications, 604-637-8157, cburnett@capstonemining.com

 

Millrock Announces Private Placement Financing

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VANCOUVER, BRITISH COLUMBIA, November 28, 2017 – Millrock Resources Inc. (TSX-V: MRO, OTCQX: MLRKF) (“Millrock”) announces that it plans to raise gross proceeds of up to $1,600,000 through a non-brokered private placement of up to 6,400,000 units (the “Units”) priced at $0.25 per Unit. Each Unit will consist of one common share and one share purchase warrant (the “Warrants”). Each Warrant will entitle the holder to purchase one additional common share at an escalating exercise price over a period of three years from the closing date as follows:

  • During the first year from the closing date the warrants will be exercisable at $0.35 per share;
  • Thereafter, during the second year from the closing date, $0.45 per share; and
  • Thereafter during the third year from the closing date, $0.55 per share.

Finder’s fees of 6% cash or the equivalent in Units may be paid in connection with this financing.

The securities issued under this financing will be subject to a hold period of four months from the closing date. Millrock intends to use the proceeds for exploration and development of its properties and for general corporate purposes.

This financing is subject to receipt of TSX Venture Exchange acceptance.

About Millrock Resources Inc.
Millrock Resources Inc. is a premier project generator to the mining industry. Millrock identifies, packages and operates large-scale projects for joint venture, thereby exposing its shareholders to the benefits of mineral discovery without the usual financial risk taken on by most exploration companies. The company is active in Alaska, British Columbia, the southwest USA and Sonora State, Mexico. Funding for drilling at Millrock’s exploration projects is primarily provided by its joint venture partners. Business partners of Millrock have included some of the leading names in the mining industry: Centerra Gold, First Quantum, Teck, Kinross, Vale, Inmet, Altius, and Riverside. Millrock is a major shareholder of junior explorers PolarX Limited. and Sojourn Exploration Inc.

ON BEHALF OF THE BOARD

“Gregory Beischer”

Gregory Beischer, President & CEO

FOR FURTHER INFORMATION, PLEASE CONTACT:
Melanee Henderson, Investor Relations
(604) 638-3164
(877) 217-8978 (toll-free)

Some statements in this news release contain forward-looking information. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include without limitation the completion of planned expenditures, the ability to complete exploration programs on schedule and the success of exploration programs.

“NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.”

MAG Silver Announces Closing of US$48 Million Private Placement

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2017-11-28_NR-Qajtys

VANCOUVER, British Columbia MAG Silver Corp. (TSX and NYSE AMERICAN: MAG) (“MAG”) is pleased to report that it has completed its previously announced non-brokered private placement offering of 4,599,641 common shares of MAG (the “Common Shares“) to existing shareholders at a price of US$10.47 per Common Share for gross proceeds of US$48.16 million (the “Offering“).