Month: April 2018

Alset Closes $992,420 Private Placement Financing

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alset closes private placement financing

Vancouver, British Columbia–(Newsfile Corp. – April 13, 2018) – Alset Minerals Corp. (TSXV: ION) (“Alset” or “the Company”) announces that further to its March 19, 2018 release it has completed its private placement financing for gross proceeds of $992,420. The Company will issue a total of 8,270,167 units (“Units”), each Unit consisting of 1 common share and ½ of a share purchase warrant (“Warrant”), each full Warrant being exercisable at $0.15 for 36 months.

Finders’ fees or commissions have been paid to registered representatives in connection with the Financing, including the issuance of 366,880 finders’ units (the “Finders’ Units”), with each Finders’ Unit consisting of 1 common share and ½ of a Warrant, each full Warrant being exercisable at $0.15 for 36 months, and 516,880 Broker Warrants exercisable at $0.15 for 36 months.

All securities issued in the placement are subject to a four-month hold period.

Alset will use the net proceeds of this private placement for general working capital purposes and to advance its lithium projects in Mexico.

MÉXICO CAPTA US 4,632 MILLONES DE INVERSIONES EN MINERÍA; REVIERTE 4 AÑOS DE CAIDAS

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México Capta US 4,632 Millones de Inversiones

México captó inversiones en el sector de la minería por 4,632 millones de dólares en 2017, lo que representó un alza interanual de 23.4% y un punto de inflexión tras cuatro caídas consecutivas en ese indicador, de acuerdo con la Cámara Minera de México (Camimex).

La nueva cifra, sin embargo, está por debajo de las inversiones que a comienzos del año pasado la Camimex esperaba que se captaran, del orden de 5,532 millones de dólares.

La desaceleración de la economía china afectó la cotización internacional de los metales durante 2017, mientras que en los últimos años el sector minero de México se ha ubicado en posiciones bajas en cuanto a su competitividad global.

PEÑOLES, GRUPO MÉXICO, TOREX GOLD Y DUPONT PONEN NUEVAS MINAS EN OPERACIÓN EN MÉXICO

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Peñoles-Grupo México-Torex Gold-Dupont

México resulta un país atractivo en el sector de la minería debido a su riqueza y diversidad en recursos, así como por las facilidades que ofrece para la constitución de empresas provenientes del extranjero, lo que ha permitido la entrada en operación de nuevas minas en el país.

En México hay más de 1,000 minas en operación, algunas de clase mundial, y todavía con amplias zonas del país sin explorar. De acuerdo con la Cámara Minera de México (Camimex), hay contabilizadas 37 nuevas minas en operación.

Alrededor de 25% del territorio mexicano ha sido explorado a detalle, por lo que existe gran oportunidad para el desarrollo de nuevos proyectos. México es líder en la producción de plata y, año con año, coloca de 12 a 19 minerales dentro de los 10 primeros lugares a nivel global. Además, México cuenta con un portafolio de proyectos mineros y mapa de los recursos minerales del país con la finalidad de ofrecer a los inversionistas información técnica sobre prospectos mineros.

Entre las empresas que operan las nuevas minas está: Americas Silver, Marlin Gold, Rose Petroleum, Fresnillo plc, Alamos Gold, Minera Penmont, Buenavista del Cobre, Grupo México, First Majestic, Korea Resources – Baja Mining, Argonaut Gold, Hecla Mining, Sierra Metals Inc., Impact Silver, Baramin, Industrias Peñoles, Minera del Norte, GoGold Resources, Great Panther, Amarium, Torex Gold, Gold Resource, DuPont México y The Chemours Company México.

 

Labour conflict at Torex mine in Mexico cools off

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Labour conflict at Torex mine in Mexico cools off

Canada’s Torex Gold Resources (TSX: TXG) announced that, following last week’s negotiations that put an end to a five-month blockade at its El Limón-Guajes mine, today it received a notification stating that the union in conflict had withdrawn its case before Mexico’s Federal Labour Board.

Los Mineros Union, led by expat in Vancouver Napoleón Gómez Urrutia, had been fighting since November 3, 2017, to be the legally constituted union for the union-eligible ELG Mine Complex employees. According to its representatives, Torex had unilaterally decided which union would advocate for workers, as opposed to letting them choose for themselves, accusations that the company denies.

MAMMOTH INTERSECTS 45.4 METRES GRADING 0.63 GRAMS PER TONNE GOLD EQUIVALENT IN DIAMOND DRILLING AT ITS TENORIBA PRECIOUS METAL PROPERTY, MEXICO

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Mammoth Resources – 2018-04-12

Toronto, Canada (April 12, 2018) – Mammoth Resources Corp. (TSX-V: MTH), (the “Company”) is pleased to announce results from two additional diamond drill holes on its Tenoriba precious metal property in the Sierra Madre region of southwestern Chihuahua State, Mexico. The results are for the third hole in the Masuparia area of the property; TEN 17-04, and the first hole ever to be drilled at the Los Carneritos area of the property; TEN 17-07, located 800 metres northeast of hole TEN-04. The intersection at Los Carneritos extends the strike length of gold mineralization on the property a total of almost four kilometreswithin a High Sulphidation system with mineralization open at least one kilometre both to the east and west of the four kilometre trend where gold has been sampled on surface.

Argonaut Gold Provides Update at its La Colorada Mine

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Argonaut Gold_nr_20180412

Toronto, Ontario – (April 12, 2018) Argonaut Gold Inc. (TSX: AR) (the “Company”, “Argonaut Gold” or “Argonaut”) reports that its wholly-owned subsidiary that owns the La Colorada mine has had its permit for the use of explosives at the site temporarily suspended as a result of a pending legal action brought by four individuals against the Secretary of National Defense (“SEDENA”) and the Municipality of La Colorada.  Activities at site continue unaffected due to the availability of blasted and stockpiled material adequate to allow for operations to continue normally.  Stockpiles are sufficient that operations will continue normally through at least April 16, 2018, at which time there is a hearing scheduled where Argonaut hopes to resolve the issue.

GoGold Reports Record Parral Production of 417,191 Silver Equivalent Ounces

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GoGold Resources _120418

Halifax, NS – GoGold Resources Inc. (TSX: GGD) (“GoGold”, “the Company”) announces record production for the quarter ended March 31, 2018 of 265,629 ounces of silver and 1,908 ounces of gold for 417,191 silver equivalent ounces at the Parral project, a 6% increase from the prior quarter. The previous record quarter was 408,024 in the quarter ending June 2015.  This past quarter has been the sixth consecutive quarter of production growth as the initiatives put in place in previous quarters continue to return positive results.

Oroco Announces Private Placement

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oroco announces private placement

VANCOUVER, April 11, 2018 /CNW/ – Oroco Resource Corp. (TSX-V: OCO) (“Oroco” or “the Company”) is pleased to announcethat it intends to complete a non-brokered private placement (the “Private Placement”) of up to 7,500,000 units at a price of $0.10 per unit to raisegross proceeds of up to $750,000. Each unit consists of one common share and one-half of one common share purchase warrant. Each wholeshare purchase warrant will be exercisable into one additional common share for a period of 18 months from closing at a price of $0.16 per share.The exercise period for the warrants may be accelerated to 30 days if, at any time after the first 4 months of the warrant exercise period, thevolume-weighted trading average of the Company’s shares over a period of 20 consecutive trading days exceeds $0.35.