Vancouver, Canada – February 27, 2018 – Aztec Minerals Corp. (AZT: TSX-V, OTCQB: AZZTF) reports long intervals of porphyry gold (copper, silver) mineralization including shorter intervals of higher grade gold mineralization in the second set of drill results from its Phase 1, 15 hole, 3,000 metre (m) drill program at the Cervantes Project in Sonora, Mexico. The first set of drill results were released on February 1, 2018.
Month: February 2018
NEWCREST TO ACQUIRE INDIRECT 19.9% INTEREST IN EL COBRE THROUGH INVESTMENT OF CAD$19 MILLION; ALMADEX TO SPIN-OUT MINERAL EXPLORATION AND ROYALTY ASSETS
VANCOUVER, B.C. Almadex Minerals Limited (“Almadex” or the “Company”) (TSX-V: AMZ; OTCQX: AXDDF) is pleased to announce that its Board of Directors has unanimously approved a strategic reorganization of its business. Almadex’s early stage exploration projects, royalty interests and certain other non-core assets will be transferred to a newly incorporated company (“Spinco”). Almadex shareholders will receive shares in Spinco in proportion to their shareholdings in Almadex (the “Spin-out”). Spinco will hold the following key assets:
- a portfolio consisting of interests in 18 exploration projects;
- a 1.75% Net Smelter Return (“NSR”) royalty on the Company’s El Cobre property in Mexico;
- a 2% NSR royalty on the Tuligtic property in Mexico, which hosts the Ixtaca gold-silver development project which is operated by Almaden Minerals Ltd.;
- a portfolio of 15 additional NSR royalties on exploration projects in Mexico, Canada and the United States identified through the Company’s past prospect generator activities;
- up to 4 million shares of Almadex; and,
- at a minimum, sufficient working capital to satisfy stock exchange requirements.
Palamina Completes Oversubscribed $2.15 Million Private Placement
Palamina Corp. (PA:TSX.V) has closed a non-brokered private placement offering of 7,166,667 Units at a purchase price of $0.30 per Unit, for aggregate gross proceeds of $2,150,000. On February 1, 2018, Palamina announced a $2,000,000 placement but due to demand elected to increase the placement by $150,000 yet remain under 30,000,000 shares outstanding. After giving effect to the financing Palamina has 29,621,381 shares outstanding.
Announce A Favorable Decision from a U.S. District Court Magistrate Judge Recommending the Vacating of a 2016 Arbitration Award
IRVING, Texas, February 26, 2018 (Newswire.com) – OTCBB: DYNR – DynaResource Inc. (“DynaUSA”) and its affiliate DynaResource de México SA de C.V. (“DynaMéxico”), the 100 percent owner of the San José de Gracia Project in Sinaloa, México (collectively “DynaResource”), announce that a recent attempt by Goldgroup Resources Inc. (“Goldgroup”) to confirm an international arbitration award adverse to DynaResource has been rejected by a United States District Court.
HECLA SECURES SECOND SAN SEBASTIAN MILL
COEUR D’ALENE, Idaho–(BUSINESS WIRE)– Hecla Mining Company (NYSE:HL) today announced that it has entered into a toll milling agreement (“the agreement”) with Excellon Resources Inc. (“Excellon”) (TSX:EXN) in which sulphide ore from San Sebastian would be trucked 26 miles to Excellon’s Miguel Auza flotation mill facility, in Zacatecas, Mexico, for processing.
Ures and Santa Elena projects moving forward
Ures and Santa Elena projects moving forward _ Mexus Gold US
ABORCA, SONORA STATE, MEXICO, February 26th, 2018 (GLOBENEWSWIRE) — Mexus Gold US (OTCQB: MXSG)(“Mexus” or the “Company”) announced that progress at the Ures project continues and is on pace. Cesar Lemas, project manager for the Ures project, recently completed the construction of access roads on the Ures, El Scropio, and 370 concessions. In addition, he continues to take samples from the area to be initially mined and is extremely happy with the assay results. Mr. Lemas added, “Based on my sampling, I can say that we should average 5 grams per ton Au from our VAT leaching system.”
Endeavour Silver Reports 2017 Financial Results; Conference Call at 10am PST (1pm EST) Today
Vancouver, Canada – February 26, 2018 – Endeavour Silver Corp. (NYSE: EXK, TSX: EDR) announces its financial results for the fourth quarter and year ended December 31, 2017. The Company owns and operates three underground silver-gold mines in Mexico, the Guanaceví mine in Durango state, and the Bolañitos and El Cubo mines in Guanajuato state, is developing the El Compas project to production in Zacatecas state and advancing the Terronera project in Jalisco state to a development decision.
AMERICAS SILVER CORPORATION PROVIDES AN UPDATE ON ZONE 120 EXPLORATION DRILLING
ORONTO, ONTARIO – February 26, 2018 – Americas Silver Corporation (TSX: USA) (NYSE “American”: USAS) (“Americas Silver” or the “Company”) is pleased to provide an update of year to date exploration results at its 100% owned Zone 120 deposit, which is adjacent to the San Rafael mine and part of the Cosalá Operations property in Sinaloa, Mexico.
EXCELLON ENTERS MILLING AGREEMENT WITH HECLA FOR SAN SEBASTIAN SULPHIDE ORE
Toronto, Ontario – February 26, 2018 – Excellon Resources Inc. (TSX:EXN, EXN.WT, EXN.WT.A; OTC:EXLLF) (“Excellon” or the “Company”) is pleased to announce that it has entered into an agreement with Hecla Mining Company (“Hecla” – NYSE:HL) to toll mill sulphide ore from Hecla’s San Sebastian mine in Durango at Excellon’s processing facility in Miguel Auza, Zacatecas (the “Milling Facility”).
TOREX CLARIFIES MEDIA MISINFORMATION REGARDING LAND LEASE AGREEMENT
TORONTO, Ontario, February 26, 2018 – Torex Gold Resources Inc. (the “Company” or “Torex”) (TSX:TXG) issued a statement today in response to misinformation being circulated by external groups and the local media in Guerrero regarding the Company’s land access agreement (the “Lease Agreement”) with the Real Del Limon Ejido (the “Ejido”).