VANCOUVER, British Columbia – (March 5, 2019) Oroco Resource Corp. (TSX-V: OCO) (“Oroco” or “the Company”) wishes to provide an update on the legal status of its interests in those mineral concessions in Sinaloa State, Mexico known as the Santo Tomas Concessions. This update is provided in furtherance of the Company’s news release of October 9, 2018, wherein Oroco announced that it had entered into a definitive option agreement with Altamura Copper Corp. and its shareholders to acquire, indirectly, certain interests in those concessions.
legal actions
Argonaut Gold Provides Update for its La Colorada Mine
Toronto, Ontario – (May 17, 2018) Argonaut Gold Inc. (TSX: AR) (the “Company”, “Argonaut Gold” or “Argonaut”) reports that the Judiciary court hearing with respect to the Company’s explosives permit for its La Colorada mine (see press releases dated April 12, 2018, April 17, 2018 and April 27, 2018) has been rescheduled to June 4, 2018.
Argonaut Gold Provides Update for its La Colorada Mine
Toronto, Ontario – (April 27, 2018) Argonaut Gold Inc. (TSX: AR) (the “Company”, “Argonaut Gold” or “Argonaut”) reports that the court hasrescheduled the hearing pertaining to Argonaut’s explosive permit at its La Colorada mine to May 16, 2018 (see press releases dated April 12, 2018 and April 17, 2018). After a thorough review of previously blasted ore in the pits, ore stockpiles and the ability to mine certain areas without requiring blasting, the Company estimates it has sufficient ore to continue operations until the end of July at its budgeted crushing throughput level of 12,000 tonnes per day.
Goldgroup Provides a Legal Update
https://www.goldgroupmining.com/news/news-releases/2017/goldgroup-provides-a-legal-update
Vancouver, British Columbia (September 22, 2017) – Goldgroup Mining Inc. (“Goldgroup” or the “Company”) (TSX:GGA, OTC:GGAZF, BMV SIX:GGAN.MX) would like to provide a legal update in regards to DynaResource, Inc.’s (“DynaUSA”) award in excess of USD$48 million in damages against the Company. On August 24, 2017, a Federal Amparo judge in the state of Veracruz, Mexico, dismissed Goldgroup Resources Inc.’s Amparo challenge. Goldgroup’s position in response to the USD$48 million claim remains the same with its previous press release (see Goldgroup’s August 31, 2016 and October 14, 2015 press releases). Goldgroup was never notified of the purported court case, and does not recognize any of the claims mentioned therein and is of the belief that such claims are entirely without merit. More importantly, the Company expects the claim to be voided at the Mexican Supreme Court level due to the unambiguous arbitration result in favor of Goldgroup in August, 2016.
“We remain confident in our position and expect that we will get favorable resolution in all current legal proceedings and regain control of San Jose de Gracia,” said Keith Piggott, Chairman, President and CEO of Goldgroup, “We’ll continue to work towards the enforcement of the favorable results and award from the conclusion of the arbitration between Goldgroup and Dyna USA” (see press release on August 31, 2016).
DynaResource, Inc. Announces News Release Issued by DynaResource De México, S.A. De C.V.
RVING, TX / ACCESSWIRE / September 18, 2017 / (OTCQB: DYNR; “DynaUSA”) reports that DynaResource de México SA de C.V. (“DynaMéxico”), the 100% owner of the San Jose de Gracia high-grade gold project, located in the County of Sinaloa de Leyva, State of Sinaloa, México, issued a news release dated Sept. 15, 2017, announcing the favorable ruling for DynaMéxico against Goldgroup Resources Inc. in an Amparo Trial (an appellate ruling) in the State of Veracruz, México. Goldgroup Resources Inc. is reported to be 100% owned by Goldgroup Mining Inc., Vancouver, BC Canada.
DynaResource De México S.A. De C.V. Wins Amparo Trial Against Goldgroup Resources Inc.
Mazatlán, México, September 15, 2017 (Newswire.com) –DynaResource de México SA de C.V. (“DynaMéxico”), the 100% owner of the San José de Gracia High Grade Gold Project in northern Sinaloa México announces that on August 24, 2017, a Federal Amparo Judge (“Juzgado de Distrito”) in the State of Veracruz, Mexico dismissed Goldgroup Resources Inc.’s Amparo Trial challenge to the $48 million USD damages award previously granted in favor of DynaMéxico. Pursuant to the ruling issued by the Federal Amparo Judge, the $48 M damages award – previously granted to DynaMéxico by the Thirty-Sixth Civil Court of the Superior Court of Justice of the Federal District of Mexico on October 5, 2015 – was effectively confirmed.
In the Federal Amparo Court, Goldgroup Resources Inc. (“Goldgroup”) claimed that it was unaware of the Superior Court legal action which ultimately resulted in the $48 million damages award to DynaMéxico. Goldgroup further claimed that this lack of knowledge was the reason for its having missed the deadline for filing an Amparo Trial challenge to the $48 million damages award.