Candente Gold announces approval of Warrants Extension

CandenteGoldCorp_16072018

Vancouver, British Columbia (July 16, 2018) Candente Gold Corp. (TSXV:CDG) (“Candente Gold” and/or the “Company”) announces that it has received approval from the TSX Venture Exchange (“TSXV”) to extend the exercise period of a total of 5,000,000 outstanding share purchase warrants (the “Warrants”) issued pursuant to the private placement completed on August 12, 2016.

Highlights on the First Week of July, 2018. Mining and Exploration News in Mexico

By Miguel A Heredia

During the 27th week of the year (July 2nd to July 8th, 2018), at least 16 press releases were announced by companies working in Mexico, with five informing on exploration results, four communicating deals and corporate issues, four  announcing financing rounds, and two reporting on resources and development.  ON MEXICO ISSUES, Andres Manuel Lopez Obrador won the election for President with 53.5% of the vote.  ON EXPLORATION, In Baja California, One World Lithium announced exploration results from its Salar del Diablo project. In Sinaloa, Goldplay provided an exploration program update of their El Rosario, San Marcial, and El Habal properties. In Chihuahua, Sable resources reported exploration results from its Margarita project and Silver Spruce filed a drill permit for its Pino de Plata project. In Zacatecas-Durango, Canasil reported drilling results from its La Esperanza project. ON MINING, no relevant information. ON FINANCING, Alio Gold reported the restructuration of its existing debt. Bacanora Lithium announced a US$ 150M debt funding and Prize Mining a private placement for $ 4M.  Maverix acquired a royalty portfolio from Newmont. ON RESOURCES AND DEVELOPMENT, Azure released initial mineral resource estimate for its Oposura project in Sonora. Sierra Metals filed a NI 43-101 Technical Report on its Bolivar mine in Chihuahua.  ON DEALS AND CORPORATE ISSUES, Mexus and MarMar holdings announced the termination of its JV agreement. Aztec Mining announced results of its annual general meeting. Golden Reign and Marlin Gold entered into further mutual extension to combine business.

ON MEXICO ISSUES

  • Andres Manuel Lopez Obrador was elected President of Mexico with 53.5% of the vote.

ON EXPLORATION

  • One World Lithium Inc., reported geochemical results from its Salar del Diablo project in Baja California. The average lithium value was calculated as 83.65 ppm with the median being 75.75 ppm. Sodium values as high as 3% and potassium as high as 1.9% confirm the distribution of anomalous lithium values. The company is expecting in this month a geophysical report that along with the geochemical results will be used to plan 4,000m of drilling to test coincidental targets.
  • Goldplay Exploration Ltd., provided an update of its exploration program at their El Habal and San Marcial properties in Sinaloa. At the target A, within El Habal property, the company identified a highly anomalous gold mineralized zone covering a 1 square km area that remains open along strike and down dip. Based on the geological mapping, underground and trenching sampling and a CSMAT / Mag surveys, Goldplay initiated a 2-phase diamond drilling program at Zone A.  The phase 1 drilling program includes 2,000m of drilling and is expected to be completed by mid-July. Once all the results are received and interpreted, the company will initiate the second phase. At San Marcial, the company completed a detail LIDAR topography survey on the property. It also is reviewing 52 drill holes and is currently sampling and re-sampling the core. Additionally, Goldplay received approval from the Ejido to commence a surface exploration program and is planning to initiate a drilling program in new target areas.
  • Sable Resources Ltd., identified two new epithermal veins at its Margarita project in Chihuahua. The Juliana vein crops out for over 650m along strike and seems to merge with the Margarita structure. Previous sampling on this structure returned 405 g/t Ag. The Marie vein crops out for over 650m along strike of which 400m are within Sable´s mining concession
  • Silver Spruce Resources inc., filed the Informe Preventivo at SEMARNAT to obtain the permits for up to 30 drill sites for its Pino de Plata project in Chihuahua.
  • Canasil Resources Inc., announced drilling results from its La Esperanza project in Zacatecas-Durango. A drill hole to intercept La Esperanza vein has been completed to a downhole depth of 347m, returning a vein intercept over a core length of 14m (12.15m true width) displaying banded quartz textures with disseminated sulphides. Assays results are pending.

ON MINING

No relevant news.

ON FINANCING

  •  Alio Gold Inc., reported that it has restructured its existing debt, which was scheduled to be repaid in December 2018. Its debt of $ 15M will be repaid in twelve quarterly payments of $ 1.25M with accrued interests, ending in June 2021 (San Francisco mine, Sonora).
  • Bacanora Lithium plc., announced a US$ 150M debt funding secured for the development of its Sonora lithium project.
  • Prize Mining Corp., announced a private placement for $ 4M. Net proceeds will be used on its manto Negro project in Coahuila.
  • Maverix Metals Inc., completed the acquisition of 50 royalties from Newmont. To complete the transaction, Maverix issued  to  Newmont 60M of common shares, 10M of common shares warrants and made a cash payment of $US 17M (La Colorada mine, Zacatecas).

 

ON RESOURCES AND DEVELOPMENT

  • Azure Minerals Limited, released the initial mineral resource estimate as at June 2018 for its Oposura project in Sonora. Total indicated mineral resources are 2.1M tonnes of 17.2 g/t Ag, 2.9% Pb and 5.3% Zn for a total of 1.2M Oz Ag, 135.7 M Lb Pb and 247.5M Lb Zn. Total inferred mineral resources are 0.8M tonnes of 16.5 g/t Ag, 2.5% Pb, and 4.3% Zn for a total of 0.4M Oz Ag, 47.3M Lb Pb, and 80.6M Lb Zn. The company also announced that mineral resource remains open for extensions with further drilling planned for 2018. A PEA is in progress, including an open pit and underground stope design studies, and is expected to complete it by September 2018.
  • Sierra Metals Inc., filed a NI 43-101 Technical Report on resources and reserves for its Bolivar mine in Chihuahua. Total probable reserves are 7.9M tonnes of 0.25 g/t Au, 19 g/t Ag, and 0.86% Cu. Total indicated resources are 13.3 M tonnes of 0.29 g/t Au, 22 g/t Ag, and 1.04% Cu, while total inferred resources are 8M tonnes of 0.42 g/t Au, 22 g/ Ag and 0.96% Cu.

ON DEALS AND CORPORATE ISSUES

  • Mexus Gold US and MarMar Holdings S.A. de C.V., announced the termination of its JV agreement. It has been certified by both Sonora and Coahuila´s attesting officials (Santa Elena mine, Caborca, Sonora).

Content like what you have just read can be seen at https://gambusinoprospector.com/ and at LinkedIn’s Mexico Mineral Exploration Group.

 

On the picture above, potassic alteration in a porphyry copper system in Jalisco, Mexico. Photo by Miguel A Heredia.

 

Prize Mining Closes $6.5 million of Non-Brokered Private Placement

PrizeMining_09072018

July 9, 2018, Calgary, AB – PRIZE MINING CORPORATION (“Prize” or the “Company”) (TSXV:PRZ) (OTCQB:PRZFF) (MQSP:GR:FRANKFURT) is pleased to announce that the company has closed the first tranche of the recently announced (see press release on June 21, 2018) non-brokered private placement (the “Offering”).  The first tranche consists of a total of $6.5 million representing 43,333,333 Units at a price of $0.15 per Unit.

Prize Mining Announces Syndication of $4 Million Brokered Private Placement

Prize Mining Announces Syndication of $4 Million Brokered Private Placement

CALGARY, July 3, 2018 /CNW/ – PRIZE MINING CORPORATION (“Prize” or the “Company”) (TSXV:PRZ) (OTCQB:PRZFF) (MQSP:GR:FRANKFURT) is pleased to announce that in connection with the previously announced private placement, the lead agent, Integral Wealth Securities Limited (the “Agent”), has formed a syndicate that includes Paradigm Capital Inc and Eight Capital. The private placement will consist of up to 26,667,000 units (“Units”) of the Company, on a commercially reasonable basis, at the price of $0.15 per Unit for gross proceeds of up to $4,000,050 (the “Offering”). Completion of the Offering (“Closing”) is expected on or about July 26, 2018.

Highlights on the Fourth Week of June, 2018. Mining and Exploration News in Mexico

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By Jorge Cirett

During the 26th week of the year (June 25th to July 1st, 2018), at least 20 press releases were announced by companies working in Mexico. Five companies updated on exploration advances. Three companies announced financing exercises that could accrue over US$14 M, and one company proceeded with a 10:1 consolidation. ON MEXICO ISSUES, Argonaut Gold announced a ruling by the Collegiate Tribunal to reinstate its explosives permit at La Colorada in Sonora. ON EXPLORATION, In Sonora, Aztec Minerals reported drilling results from the Cervantes property; Kootenay described its La Mina property and Aloro Mining obtained the drilling permit for the Los Venados project. ON MINING Argonaut Gold announced a ruling by the Collegiate Tribunal to reinstate its explosives permit at La Colorada in Sonora. Frisco and Goldcorp are to jointly explore the Mazapil valley in Zacatecas. ON FINANCING, Silver Bull, Prize Mining and One World Lithium announced private placements for up to $3 M, $10.75 M and CND$2 M respectively. ON RESOURCES AND DEVELOPMENT, Endeavour Silver released results from infill drilling at Terroneras, Jalisco. Sierra Metals informed of a stockwork zone on the Santa Rosa de Lima structure of its Cusi mine in Chihuahua. ON DEALS AND CORPORATE ISSUES, Geologix finalized its name change to ValOro. Defiance Silver acquired a land package from Mag Silver in Zacatecas. Aloro Mining received title to land contiguous to its Venados project in Sonora. Arian Silver presented its financial report for 2017. Kootenay Silver optioned La Mina property in Sonora to Capstone Mining.

ON MEXICO ISSUES

  • No Relevant News..

ON EXPLORATION

  • Kootenay Silver Inc. reported drilling results by partner Aztec Minerals Corp. on its Cervantes project in Sonora. The final six core holes of 17 on the phase 1 campaign encountered porphyry-type gold-copper mineralization. Highlighted intervals comprise 16.0 m @ 0.25 g/t Au, 0.12% Cu; 100.5 m @ 0.22 g/t Au, 0.12% Cu; 98.5 m @ 0.41 g/t Au, 0.13% Cu (including 33 m @ 0.60 g/t Au, 0.02% Cu); 85.2 m @ 0.48 g/t Au; 0.07% Cu; 90.5 m @ 0.29 g/t Au, 0.06% Cu (including 34.5 m @ 0.55 g/t Au); 116 m @ 0.35 g/t Au, 0.06% Cu (including 62 m @ 0.5 g/t Au). The drilling extended the strike length to more than 800 m at the California and Jasper prospect areas.
  • Kootenay Silver Inc. optioned the La Mina property in Sonora to Capstone Mining Corp. (see below). The property covers “the upper levels of a zoned copper porphyry mineral system exposed over a 2 by 2 Kilometer area”, containing a large leached argillized pyritic zone where surface grab and chip samples averaged about 300 ppm Cu. Another area in the property displays a 100 x 700 m exotica copper zone where sampling averaged 0.49% Cu on 40 rock chip samples.
  • Aloro Mining Corp. informed the permit for road construction and drilling at its Los Venados property in Sonora has been granted by SEMARNAT (Environmental bureau). The permit allows for drilling 12 reverse circulation (RC) holes and the construction of 3,693 m of access roads.
  • Minera Frisco and Goldcorp Inc. entered into an agreement for exploration and mining in the Mazapil valley, Zacatecas. The information was presented by Frisco to the Bolsa Mexicana de Valores (BMV).
  • One World Lithium Inc. conducted a geophysical survey at its Salar del Diablo project in Baja California. The Volterra TEM in-loop sounding survey was carried on the northern third of the Salar del Diablo. The survey totaled 79.7 line kilometers on seven lines nine to twelve Km long and spaced two Km apart, covering 150 square Km. A six square Km part of the salar is highly conductive and with a calculated thickness in excess of 100 m. A probably thinner and less conductive part of the salar covers 24 square Km and is open ended. The company intends to launch a 15 hole 4,000 m drilling campaign in three months time.

ON MINING

  • Argonaut Gold Inc. announced that the Collegiate Tribunal (an arm of the State Supreme court that is tasked with overseeing the Judiciary court) unanimously ruled to lift the suspension of the explosives permit at its La Colorada mine in Sonora. “The ruling directs that the Secretary of National Defense (“SEDENA”) reinstate the explosives permit”. “With this successful appeal, the Company will now have the ability to continue full operations during the balance of the Judiciary legal process”. Ramp up of full operations is expected to be re-established by mid-July.

ON FINANCING

  • Geologix Explorations Inc. announced the name change to ValOro Resources Inc. along with a share consolidation on a 1:10 ratio will take effect as market opens on June 28th (Tepal, Michoacan).
  • Silver Bull Resources Inc. intends to complete a private placement aiming for gross proceeds of US$3 M (Sierra Mojada, Coahuila).
  • Prize Mining Corp. is to make a private placement aiming to raise up to $4 M in gross proceeds. The company is to pay 7.0% of the gross proceeds as cash commission, and a cash work fee of $40 K to the agent. The maximum aggregate gross proceeds of the offering and the non-brokered private placement is $10.75 M. (Manto Negro, Coahuila).
  • One World Lithium Inc. announced that the previous non-brokered private placement announced on May 25, 2018 will be replaced with a non-brokered private placement aiming to raise gross proceeds of up to CND$2 M.

ON RESOURCES AND DEVELOPMENT

  • Endeavour Silver Corp. released results from infill drilling at its Terroneras property in Jalisco. Highlighted true width (TW) intervals from these nine holes comprise: 2.8 m @ 2.0 g/t Au, 54 g/t Ag; 1.3 m @ 1.3 g/t Au, 467 g/t Ag; 2.3 m @ 4.8 g/t Au, 222 g/t Ag; 21.2 m @ 3.2 g/t Au, 618 g/t Ag; 6.0 m @ 2.6 g/t Au, 507 g/t Ag; 1.5 m @ 7.1 g/t Au, 181 g/t Ag; 1.6 m @ 4.2 g/t Au, 120 g/t Ag; 4.4 m @ 4.7 g/t Au, 121 g/t Ag; 4.6 m @ 4.3 g/t Au, 146 g/t Ag; 5.7 m @ 1.3 g/t Au, 164 g/t Au. “The infill drill program is now 60% complete, with 5,990 m drilled out of 10,000 m planned”.
  • Sierra Metals Inc. confirmed the existence of a wide high-grade silver stockwork within the Santa Rosa de Lima vein complex, at its Cusi property in Chihuahua. The stockwork zone measures 100 m in length, 40 m in width and 70 m in height, and is open at depth and width. Mine development so far has resulted in 4,437 tonnes @ 205 g/t Au, 0.07 g/t Au, 0.12% Pb, 0.15% Zn.

ON DEALS AND CORPORATE ISSUES

  • Geologix Explorations Inc. announced the name change to ValOro Resources Inc. along with a share consolidation on a 1:10 ratio will take effect as market opens on June 28th (Tepal, Michoacan).
  • Defiance Gold Corp. completed the acquisition of Mag Silver’s Corp.’s Zacatecas silver district holdings, including its regional exploration database. Defiance is to pay 5 M shares to Mag for as consideration for the sale. The Lagartos project consists of 14 concessions covering 800 hectares (San Acacio, Zacatecas).
  • Aloro Mining Corp. received the title from a 1,675 has concession contiguous to its 1,524 has Los Venados project in Sonora. The claim was staked on July 2017 (Los Venados, Sonora).
  • Arian Silver Corp. presented financial results for 2017. The company owns 12 mining concessions covering 1,500 hectares, some of which encompass the Los Campos, San Celso, Los Africanos and Calicanto projects in Zacatecas. At the end of the period the company had 0.9 M in cash and cash equivalents.
  • Kootenay Silver Inc. entered into an option agreement with Capstone Mining Corp. on La Mina project in Sonora. Capstone can earn-in an initial 60% by making staged payments of US$600 K and spending US$4 M on exploration over 4 years. “Capstone may earn up to a 100% interest in La Mina in stages by completing certain milestones including preparation of a preliminary economic assessment, a pre feasibility study and paying an additional aggregate total of US$8.4 million to Kootenay in stages at each of the various milestones”. The property is subject to an underlying information agreement with a 2.5% royalty, of which up to 2.0% can be bought. “If Capstone Mining earns 100% interest, Kootenay will retain a 1% net smelter return with no buy out option of which 0.5% will be held by the third party after giving effect to the Buydown”.
  • Minera Frisco and Goldcorp Inc. entered into an exploration/mining agreement on the Mazapil Valley. No further details were released.

Content like what you have just read can be seen at https://gambusinoprospector.com/ and at LinkedIn’s Mexico Mineral Exploration Group.

On the picture above, intensely silicified tuff, interpreted as alteration at the paleo water table of an epithermal low sulfidation system in Guanajuato. Picture by Jorge Cirett.

SILVER BULL ANNOUNCES PRIVATE PLACEMENT OF US$3 MILLION

SilverBull_2018-06-26_NR

VANCOUVER, BC — (June 26, 2018) — Silver Bull Resources, Inc. (TSX: SVB; OTCQB: SVBL) (“Silver Bull” or the “Company“) is pleased to announce its intention to complete a private placement (the “Private Placement“) of 23,100,000 units (the “Units“) of the Company at a price of US$0.13 per Unit for gross proceeds of US$3,003,000 (the “Offering“). Each Unit will consist of one common share of stock in the Company (a “Common Share“) and one half of one non-transferable Common Share purchase warrant (each whole warrant, a “Warrant“). Each Warrant entitles the holder to acquire one Common Share at a price of US$0.16 until the second anniversary of closing of the Private Placement.

Highlights on the Third Week of June, 2018. Mining and Exploration News in Mexico

 

By Miguel A Heredia

During the 25th week of the year (June 18th to June 24th, 2018), at least 23 press releases were announced by companies working in Mexico, with eight informing on exploration results, eight communicating deals and corporate issues, five  announcing financing rounds, one reporting on resources and development, and one running leaching tests.  ON MEXICO ISSUES, no relevant news.   ON EXPLORATION, In Sonora, Millrock reported trench results from its La Navidad project. In Chihuahua, Ethos Gold filed a draft NI 43-101 technical report for its la Purisima project. In Coahuila, Discovery Metals reported sampling results from its Puerto Rico project. In Sinaloa, Chesapeake released exploration results from its Yarely project and Riverside reported exploration results from its La Silla project. In Zacatecas, Excellon commenced a drill program at its Miguel Auza project while Defiance defined a significant anomaly at its San Acacio project.  ON MINING, Mexus Gold provided and update on progress from its 8 Brothers/370 gold project in Sonora.  ON FINANCING, Aura Silver announced the extension of 3.5M warrants. Harvest Gold closed a second tranche of a non-brokered private placement for CDN$149,600. Maverix entered in a revolving credit agreement to borrow up to US$50M. Prize amended terms of a non-brokered private placement to raise money for $6.5M. Starcore completed a private placement for CDN$3M. ON RESOURCES AND DEVELOPMENT, Sierra Metals announced PEA results for its Cusi Mine in Chihuahua. Minera Alamos provided an update on its Guadalupe de Los Reyes project in Sinaloa. ON DEALS AND CORPORATE ISSUES, Coeur signed a definitive agreement with Evrim to option the Sarape property in Sonora.  Avino and Consolidated Zinc announced management changes, and Colibri and Torex reported results from its annual general meeting of shareholders. Marlin, Gold Reign, and Sailfish entered in a definite arrangement agreement regarding a combination business. Equinox announced a spin-out of its copper assets to create Solaris Copper. Valterra entered into an option agreement to acquire the Los Reyes Cu-Au project in Chihuahua.

ON MEXICO ISSUES

  • No relevant news.

ON EXPLORATION

  • Millrock Resources Inc., reported trench results from its La Navidad project in Sonora. Significant results are 7m of 0.64 g/t Au; 8m of 0.5 g/t Au, 16m of 0.59 g/t Au; 4.5m of 1.63 g/t Au; 2m of 6.5 g/t Au, 1.3m of 5.26 g/t Au; and 1.5m of 4.5 g/t Au. Its partner Centerra Gold is funding the exploration program at La Navidad and has authorized an extension of the drilling program from 1,650m in 7 holes to 2,900m in 17 holes.
  • Ethos Gold Corp., filed a draft NI 43-101 technical report for its la Purisima project in Chihuahua. The mineralization target consists of low sulphidation epithermal veins which have been traced for over a N-S strike length of over 1.5km in length. The company signed a property access agreement to commence mapping and sampling work with 389 samples collected to date of which 189 have been already submitted to the lab for assays.
  • Discovery Metals Corp., reported sampling results from its Puerto Rico project in Coahuila. 293 channel samples were collected at the Zaragoza mine, of which 83 were from manto mineralization and returned an average grade of 129 g/t Ag, 4.3% Pb, 7.6% Zn, and 0.12% Cu.
  • Riverside Resources Inc., presented geochemical results of 52 samples collected at its La Silla project in Sinaloa. Significant results from the rock chip and channel samples are 1m of 2.1 g/t Au and 27 g/t Ag; 1m of 9.4 g/t Au and 196 g/t Ag; and 1m of 19.9 g/t Au and 200 g/t Ag.
  • Chesapeake Gold Corp., released exploration results, including phase 1 drilling from its Yarely project in Sinaloa. At Loretos prospect, the drill target is a blind skarn-porphyry system indicated by a significant chargeability anomaly. Significant results are 213m of 0.11% Cu, including 64m of 0.17% Cu. At the Central prospect, one of the two holes drilled intersected several 3 to 6m wide structures returning silver values ranging from 11 to 30 g/t. At Lucy prospect, two holes tested skarn/carbonate replacement manto mineralization. Drilling results returned 22m of 0.33 g/t Au and 1.5 % Zn; and 25m of 0.6 g/t Au, 22 g/t Ag, 0.25% Cu, and 1.6% Zn. At Sundae prospect, the company has identified a 3km long high level-low sulphidation epithermal system that runs for over 3km along strike, with individual structures varying from 1-5m in width. A preliminary geophysical survey showed a continuity of the vein host structures to over 500m depth. At Los Mimbres prospect, skarn and hornfels boulders with Cu and Pb sulphide mineralization were recently discovered adding a new target within the Yarely project. Mineralization identified at Los Mimbres is similar to that encountered at Metates. Stream sediment, soil, rock geochemistry and geological mapping are underway to advance this target to the drill stage.
  • Excellon Resources Inc., commenced a 3,000m drill program at its Miguel Auza project in Zacatecas to test targets generated from surface mapping, IP surveying, and structural work conducted since mid-2017 at El Cobre, Abejas, Carmen-Lechuzas, and Lomo de Las Minas prospects. Highlights from the surface sampling are 2.3 g/t Au and 667 g/t Ag at Lomo de Las Minas. Results up to 2.9 g/t Au and 300 g/t Ag were sampled at Carmen and El Cobre confirming mineralization in veins at both targets. Mineralization at Miguel Auza is hosted in epithermal quartz veins similar to those found at Fresnillo mining district.
  • Defiance Silver Corp., defined a significant geophysical anomaly at its San Acacio project in Zacatecas employing Atomic Energy Resonance Imaging (AERI) technology. The AERI identified a pipe shaped anomaly which measures 400m in width, 300m in length, and is open at depth. The AERI anomaly is coincident with a recently delineated IP target, and will be drill tested in the near future.

ON MINING

  • Mexus Gold US., provided and update on progress from its 8 Brothers /370 gold project in Sonora. The company has completed the crushing and loading of ore into the VAT leaching tank to run tests and expects to commence the leaching when tests are completed in the next days.

ON FINANCING

  • Aura Silver Resources, announced its intentions to extend the expiration date of 3.5M warrants from July 9, 2018 to July 9, 2020. The exercise price remains unchanged at $0.05 (Taviche, Oaxaca)
  • Harvest Gold Corporation, closed a second tranche for CDN$149,600 for a total of CAD$479,600 gross proceeds raised in the non-brokered private placement. Gross proceeds will be used to explore its Cerro Cascaron project in Chihuahua.
  • Maverix Metals Inc., entered into a 3 years revolving credit agreement with two bank institutions to borrow up to US$50M. The credit can be extendable through mutual agreement between the involved parties (La Colorada, Zacatecas)
  • Prize Mining Corporation, amended terms of a non-brokered private placement to raise money for $6.5M (Manto Negro, Coahuila).
  • Starcore International Mines Ltd., completed a private placement of secured bonds for CAD$3M (San Martin, Queretaro)

 ON RESOURCES AND DEVELOPMENT

  • Sierra Metals Inc., announced PEA results for its Cusi Mine in Chihuahua. Highlights include an after-tax NPV of $92.2M USD at an 8% discount rate, a 9 years mine life based on existing mineral resource estimate, and a life of mine silver production of 30 M Oz. The company also reported Mineral Resource Estimate as at February 12, 2018. Total measured mineral resources are 362K tonnes @ 225g/t Ag, 0.55% Pb, 0.68% Zn, and 0.13g/t Au. Total indicated resources are 4.2M tonnes @ 217g/t Ag, 0.64% Pb, 0.66% Zn, and 0.21 g/t Au. Total inferred resources are 1.63M tonnes @ 158 g/t Ag, 0.54% Pb, 0.84% Zn, and 0.16 g/t Au.
  • Minera Alamos Inc., provided an update on its Guadalupe de los Reyes project in Sinaloa. The company commenced the mapping of the Mariposa- Zapote structure to evaluate extensions that have not been drilled and could be target areas to expand the resource. The company also collected metallurgical samples and are being prepared for Au leaching studies. It also commenced engineering studies to establish locations and preliminary designs for Au heap leaching facilities.

ON DEALS AND CORPORATE ISSUES

  • Coeur Mining Inc., signed a definitive agreement with Evrim Resources Corp., to option the Sarape property in Sonora. Coeur will have the exclusive right to acquire up to an 80% interest in the property by spending up to $16M USD on exploration, making staged cash payments of up to $2.5M USD, and completing a NI 43-101 compliant FS on a minimum measured and indicated resource estimate of 1M Oz AuEq, all within a ten-year period.
  • Marlin Gold Mining Ltd., Golden Reign Resources Ltd., and Sailfish Royalty Corp., have extended the previously announced LOI to June 29, 2018 to enter in a definitive arrangement agreement regarding a business combination of the Golden´s San Albino-Murra property in Nicaragua and Marlin´s La Trinidad property, México.
  • Equinox Gold Corp., announced plans to transfer all of its copper assets into a newly incorporated company named Solaris Copper Inc. (La Verde, Michoacan).
  • Valterra Resource Corporation, entered into an agreement to acquire the Los Reyes Cu-Au project in Chihuahua. Valterra may acquire a 100% interest, subject to a 2% royalty to a third party, by making staged payments totaling US$4M over a period of 5 years. Target consists of a +800m long Cu-Au rich skarn developed in the contact between a Tertiary-age granodiorite intrusive and Cretaceous-age limestones and shales.

Content like what you have just read can be seen at https://gambusinoprospector.com/ and at LinkedIn’s Mexico Mineral Exploration Group.

On the picture above, phyllic alteration in a porphyry copper system in Jalisco, Mexico. Photo by Miguel A Heredia.

Harvest Gold Announces the Closing of a Second Tranche of its Non-brokered Private Placement; Asks JV partner Evrim Resources for Final Drill Budget

harvest gold announces closing of private placement

Harvest Gold Corporation (TSX.V: HVG) is pleased to announce that, further to its news release of June 8, 2018, it has closed a second tranche of its non?brokered private placement issuing an additional 2,992,000 units at a price of $0.05 per Unit, raising additional gross proceeds of CDN$149,600 for a total of CDN$479,600 gross proceeds raised to this point in the Private Placement. Each Unit consists of one common share and one transferable common share purchase warrant exercisable at $0.10 per share for a period of two years.

Starcore completes $3 million bond offering

Starcore_180618

Vancouver, British Columbia – Further to its news release of June 12, 2018, Starcore International Mines Ltd.  (TSX:SAM) (“Starcore” or the “Company”) is pleased to announce it has completed a private placement of secured bonds in the aggregate principal amount of CDN$3 million (the “Bonds”).  The Bonds bear interest at 8% per annum, payable on maturity, and mature on June 18, 2020.  The Bonds are secured by a charge over all of the Company’s and its subsidiaries assets.