VANCOUVER, British Columbia, Nov. 24, 2017 (GLOBE NEWSWIRE) — MX Gold Corp. (TSX-V:MXL) (FSE:ODV) (OTCQX:MXLGF) (the “Company” or “MX Gold”) is pleased to announce the Magistral Joint Venture’s appointment of Kevin Weston as Director of Operations of the Magistral Del Oro Project in Mexico (the “MagistralProject”). The Magistral Project is operated by MX Gold and its joint venture partner, GracePoint Mining Corp. (together, the “JV”). Under the terms of Mr. Weston’s engagement, and subject to approval by the TSX Venture Exchange, MX Gold has undertaken to issue 350,000 common shares of MX Gold to Mr. Weston, as security for payment of Mr. Weston’s salary from the JV.
Month: November 2017
Alix Amends Private Placement
Vancouver, British Columbia (FSCwire) – ALIX RESOURCES CORP. (“Alix” or the “Company”) (AIX-TSX:V) (37N–FRANKFURT) announces that further to its news releases of November 8th, 2017 and November 15, 2017 the non-brokered private placement is being increased to up to 34,000,000 units (the “Units”) at a price of $0.12 per Unit for aggregate gross proceeds of $4,080,000. All other terms of the private placement remain unchanged.
The private placement is subject to the acceptance of the TSX Venture Exchange.
Alix Resources is a junior mining exploration company focussed on seeking and acquiring world class lithium projects globally. Alix continues to evaluate suitable prospects that fit the mandate of the Company.
Camrova Resources Reports MMB Ownership Dilution
Camrova Resources Reports MMB Ownership Dilution
VANCOUVER, British Columbia, Nov. 23, 2017 (GLOBE NEWSWIRE) — Camrova Resources Inc. (“Camrova” or the “Company”) (TSX-V:CAV) (OTC:BAJFF) announces that its ownership in Minera y Metalurgica del Boleo S.A. P.I de C.V (“MMB”) is being diluted pursuant to the New Shareholders’ Agreement described in the Company’s News Release #2 / 2017 dated 2017-01-26.
As at June 30, 2017 MMB had issued cash calls amounting to $429.0 million. These cash calls were funded by way of shareholders loans. The Company did not contribute any amount to these cash calls and Korea Resource Corporation (“KORES”) funded the Company’s pro rata portion (10% or $42.9 million). In accordance with the New Shareholders’ Agreement, KORES now has elected to convert the entire amount it contributed on behalf of the Company to equity in MMB thereby reducing the Company’s interest in MMB from 10% to 7.3%.
Almaden Minerals anuncia avances en extracción de oro y plata
La minera canadiense Almaden Minerals anunció el descubrimiento de nuevas zonas de extracción de oro y plata en el proyecto Ixtaca, ubicado en el municipio de Ixtacamaxtitlán, al que la población se ha opuesto por considerarlo un “proyecto de muerte”.
En su más reciente informe la firma confirmó las nuevas zonas de minerales, diferentes a las que ya existían en la zona, donde prevé obtener metales preciosos “a granel”.
MX Gold Provides Magistral JV Project Update
VANCOUVER, British Columbia, Dec. 07, 2016 (GLOBE NEWSWIRE) — MX Gold Corp. (TSX-V:MXL) (FSE:ODV) (OTCQX:MXLGF) (the “Company” or “MX Gold”) announces that, further to its news release dated October 25, 2016 regarding the entry into a binding agreement (the “Agreement”) to acquire a 50% interest in the Magistral, Del Oro tailings project (the “Project”), the Company paid the second installment of US$750,000 to the owner of the Project as required by the Agreement. Pursuant to an amendment agreement dated November 22, 2016, the parties have also expressed their intention to negotiate in good faith and enter into a definitive agreement in the near future.
Cobre del Mayo, S.A. de C.V. Will Announce Third Quarter 2017 Financial Results on November 24, 2017
MEXICO CITY, Nov. 23, 2017 /PRNewswire/ — Cobre del Mayo, S.A. de C.V. will release its unaudited financial results for the third quarter ended September 30, 2017 after the U.S. markets close on November 24, 2017. Cobre del Mayo’s management will hold a conference call on Monday, November 27, 2017 at 10:30 a.m. U.S. Eastern Time.
Evrim Acquires Cuale Gold Project in Mexico – Defines new zone in an oxidized high sulphidation gold system
VANCOUVER, British Columbia, Nov. 23, 2017 (GLOBE NEWSWIRE) — Evrim Resources Corp. (TSX-V:EVM) (“Evrim” or the “Company”) is pleased to announce the acquisition and initial exploration results of the Cuale gold property, an early-stage exploration property prospective for high sulphidation epithermal gold-silver in Jalisco, Mexico. The Cuale project was initially staked under the Callinan Royalties Generative Alliance (now owned by Altius Minerals Corporation (TSX:ALS)) with formal title granted to Evrim for 100% ownership in November 2017.
Mexican Gold Intersects Long Intervals of Mineralization in Five Additional Diamond Drill Holes at El Dorado Dike Contact Zone
THUNDER BAY, Ontario, Nov. 23, 2017 (GLOBE NEWSWIRE) — Mexican Gold Corp. (“Mexican Gold” or the “Company”) (TSX-V:MEX) (OTCMKTS:SRXLF) (FRA:4QW1) is pleased to announce that drilling to expand the high-grade dike contact mineralization outlined in hole LM-17-ED-40 has successfully intersected long intervals of chalcopyrite-magnetite mineralization in five additional recently completed holes. All of the holes intersected mineralization, with core intervals varying from 21 metres to 42 metres in length. The mineralization is located adjacent to and on both sides of the 70 metre wide dike with a known strike distance of 700 metres. The Eldorado/Juan Bran Zone has also been found to thicken substantially approaching the dike, which appears to be a vertical offshoot from the main El Dorado Sill.
Prize Mining Enters Agreement to Acquire the Manto Negro Copper Project in Mexico
CALGARY, Nov. 23, 2017
CALGARY, Nov. 23, 2017 /CNW/ – PRIZE MINING CORPORATION (“Prize” or the “Company”) (TSXV:PRZ) (OTCQB: PRZFF) (MQSP:GR:FRANKFURT) is pleased to announce that it has entered into an agreement pursuant to which it has agreed to indirectly acquire a 100% interest the Manto Negro Copper Project in exchange for 6 million common shares (the “Acquisition”). The Project is not encumbered by any royalties.
The Manto Negro Copper Project
The Manto Negro Copper Project consists of seven mining concessions covering a total of 17,959 hectares and is located in the State of Coahuilla approximately 315 km northwest of Monterrey, Mexico and 100 km west of Monclova.
Primero Extends Revolving Credit Facility to Facilitate Negotiations
Primero Mining Corp. (“Primero” or the “Company”) (TSX: P) today announced that the Company has agreed in principle with its lenders to an extension of its revolving credit facility (“RCF”) and guarantee provided by Wheaton Precious Metals Corp., previously maturing on November 23, 2017. The maturity of the RCF will be extended to December 1, 2017, providing the Company with the ability to continue negotiations surrounding its previously announced strategic review process and the possible divestiture of its San Dimas mine in Mexico. There can be no certainty that these discussions will result in a resolution acceptable to all stakeholders.