Mill Plant

GAINEY ANNOUNCES CLOSING OF PRIVATE PLACEMENT

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http://www.gaineycapital.com/8-news/95-gainey-announces-closing-of-private-placement.html

VANCOUVER, BC – Gainey Capital Corp. (the “Company” or “Gainey”) (TSX-V:GNC) is pleased to announce that it has closed the second, and final, tranche of its previously announced non-brokered private placement by issuing an additional 5,979,653 units at a price of $0.12 per unit to raise gross proceeds of $717,758 with all securities issued having a four-month hold period which expires on March 11, 2018. Total gross proceeds of the Offering are $1,957,558 with a total of 16,312,986 shares, 16,312,986 warrants, and 385,000 Finders’ Warrants being issued.

As previously announced, each Unit in this offering consists of one common share in the capital of the Company (each a “Common Share”) and one share purchase warrant (a “Warrant”). Each full warrant entitles the Unit holder to purchase one (1) additional GNC common share at a price of $0.24 per share at any time within 36 months of the closing.

Magellan Gold – chase of SDA Mill Expected to Close in November – Milling Operations Restarted and Underway

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http://www.magellangoldcorp.com/2017/11/chase-of-sda-mill-expected-to-close-in-november-milling-operations-restarted-and-underway/

Magellan Gold Corporation (OTCQB: MAGE) (“Magellan” or “the Company”) is pleased to announce that its purchase of the SDA Mill, Nayarit State, Mexico, from Rose Petroleum plc (AIM: ROSE) is nearing conclusion. The final major item for closing to occur, restructuring of Mexican ownership of the SDA Mill, is in progress and is expected to be concluded in November 2017. Other important closing items already in place include the necessary funding and Rose’s shareholder approval.

 

Magellan is especially pleased to announce that effective for the month of November 2017, operations of the SDA Mill have re-commenced under an interim milling agreement between the Company and Rose and its Mexican operating subsidiary. The processing plant currently is treating third-party ore on a toll basis at the rate of 100 tons per day. Magellan has funded costs of the interim operations under an approved budget and will be entitled to proceeds therefrom.

 

“Acquisition of the SDA Mill will transform Magellan into a production company and will be an exciting development for our shareholders,” stated CEO Pierce Carson. “With production started already under the interim processing agreement, we have begun to execute on our strategy to resume processing operations, build production and increase cash flow.”

U.S. Antimony Reports Plans to Increase Mexican Mine Production

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https://www.accesswire.com/476701/US-Antimony-Reports-Plans-to-Increase-Mexican-Mine-Production

THOMPSON FALLS, MT / ACCESSWIRE / October 2, 2017 / United States Antimony Corporation (“USAC,” NYSE American “UAMY”) reported plans to increase Mexican mine production at three of its four mines in the next 30 days. USAC production is in a “sold out condition” and additional raw material is needed for the USAC smelter at Madero, Coahuila, Mexico.

In San Luis Potosi at the Wadley Mine, the gravity mill will be started on lower grade ore that has accrued during the mining of direct shipping ore (DSO) for the smelter. Typically, this ore will make a 35-45% antimony concentrate that is also shipped to Madero. This could increase production by 25-50% at the Wadley mine. In Queretaro, the Soyatal District mines are awaiting new powder magazines to start production of DSO and mill feed for the mill at Puerto Blanco. Grades similar to the Wadley are expected. In Zacatecas, the Guadalupe Mines access road will be repaired and mining will be resumed at the Santa Monica mine for DSO and mill feed for the Puerto Blanco flotation and gravity mill circuits.

Telson Resources Inc. Obtains Two Semarnat Permits, One for Tailing Facility Reactivation Plus Another for Construction of New and Expanded Tailing Facility at Tahuehueto

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Click to access TSN_NR_163_Aug22_2017.pdf

Vancouver, British Columbia, August 22, 2017 – Telson Resources Inc. (“Telson” or the “Company”) (TSX Venture – TSN.V) is pleased to announce that it has received permits from Semarnat (Secretaria de Medio Ambiente y Recursos Naturales) (“Semarnat”) for the reactivation of the existing tailings disposal facility and for the construction of a new larger tailings facility for the Tahuehueto Project, located in northwestern
Durango State, Mexico.
The reactivation of the existing tailing facility will allow dry stack tailings disposal under the Company’s current operating plan for Tahuehueto. This tailings facility covers 3.78 hectares, has an authorized tailing capacity of 382,622 m3
and is now permitted for construction upgrade to reactivate and will handle the project’s initial tailing disposal requirements over the first 1 – 2 years of operation.

MX Gold Corp. Corporate Update on Magistral from CEO

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http://www.nasdaq.com/press-release/mx-gold-corp-corporate-update-on-magistral-from-ceo-20170725-00753

VANCOUVER, British Columbia, July 25, 2017 (GLOBE NEWSWIRE) — MX Gold Corp. (TSX-V:MXL) (FSE:ODV) (OTCQX:MXLGF) (the “Company” or “MX Gold”) is pleased to announce that, in its Joint Venture with GracePoint Mining Corp, a subsidiary of Firma Holdings Corp. (OTC:FRMA), the Magistral project is progressing on schedule.

The MX/GPM/AMM Joint Venture project development is currently based on two distinct focus areas (The Deviation Channel and Plant Site Re-Construction).

U.S. Antimony Reports Start of Los Juarez Pilot Production

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http://news.morningstar.com/all/access-wire/ASWAccesswire464738MSN/us-antimony-reports-start-of-los-juarez-pilot-production.aspx

THOMPSON FALLS, MT / ACCESSWIRE / June 5, 2017 / United States Antimony Corporation (“USAC”, NYSE MKT: UAMY) reported that approximately 400 metric tons of Los Juarez gold/silver/antimony rock has been trucked to the Puerto Blanco mill in Guanajuato, Mexico and milled. Initial results using X-ray are encouraging, but we are awaiting results by a third party lab. The permit for a cyanide leach circuit for the Puerto Blanco mill tailings has been reviewed by SEMARNAT (Mexican equivalent of EPA), and USAC is changing the location and design of the tailings pond to comply with their request.

Magellan Gold Makes US$100,000 Payment Towards Acquisition of Operating Mill in Mexico

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http://www.prnewswire.com/news-releases/magellan-gold-makes-us100000-payment-towards-acquisition-of-operating-mill-in-mexico-625672424.html

Magellan Gold Corporation (OTCQB: MAGE) (‘Magellan‘ or ‘the Company‘) is pleased to announce it has made a further US$100,000 option payment for a 60-day extension under its MOU with Rose Petroleum plc (AIM: ROSE). The MOU gives Magellan the right to purchase an operating floatation plant and associated assets, licenses and agreements (together, the ‘SDA Mill‘) located in the State of Nayarit, Mexico, for a total consideration of US$1.5 million. The mill has produced precious metals for ten years and its normal operation is based on sales of floatation concentrates to smelters. The Company paid an initial US$50,000 option payment and announced the MOU on March 6, 2017.

“The potential SDA Mill acquisition will transform Magellan into a production company, which we believe will create significant value for our stockholders”, said Pierce Carson, CEO. “Our strategy following the acquisition will be to expand production from resources within the regional gold belt where the mill is located.”

Under the terms of the MOU, the $100,000 non-refundable extension payment will be credited against the purchase price if the transaction closes. The $1.5 million purchase price for the SDA Mill is payable as to $1.0 million in cash and $500,000 in restricted common stock of Magellan.

Golden Minerals Announces Hecla Lease Extension and Santa Maria NI 43‐101 Filing Details

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Click to access Press-Release-Mar-31-2017-AUMN%20Update%20033017.pdf

VANCOUVER, BC –(Marketwired – March 30, 2017) – Almaden Minerals Ltd. (“Almaden” or “the Company”) (TSX: AMM) (NYSE MKT: AAU) announces that its Form 20-F for the fiscal year ended December 31, 2016 has been filed with the U.S. Securities and Exchange Commission. The Form 20-F and the Company’s audited consolidated financial statements for the years ended December 31, 2016 and 2015 are available on the Company’s website at http://www.almadenminerals.com.

Shareholders of the Company may also request a hard copy of the Company’s audited financial statements and Form 20-F free of charge by contacting 604-689-7644 or by e-mail to info@almadenminerals.com.

 

MX Gold Corp. Signs LOI to Acquire a 50% Interest in the Durango Smelter Project in Mexico

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https://www.juniorminingnetwork.com/junior-miner-news/press-releases/403-tsx-venture/mxl/29241-mx-gold-corp-signs-loi-to-acquire-a-50-interest-in-the-durango-smelter-project-in-mexico.html

VANCOUVER, BRITISH COLUMBIA–(Marketwired – Feb. 13, 2017) – MX Gold Corp. (TSX VENTURE:MXL)(FRANKFURT:ODV)(OTCQX:MXLGF) (the “Company” or “MX Gold”) is pleased to announce the entry into a binding option agreement with American Metal Mining S.A. de C.V. (“AMM”) whereby, upon certain scheduled payments totaling US$1,525,000, the Company will acquire 50% of the shares of a private Mexican corporation that holds the IDS Project. The IDS Project consists of a past-producing gold smelter, three acres of land situate around the smelter, and various equipment and permits associated therewith. Upon advancement of the initial payment of US$650,000, the Company was granted a 49.5% net profit participating interest in the IDS Project that will remain until option exercise, provided that all payments are made by the Company in accordance with the option agreement.

Firma’s GracePoint Mining Corp. announces completion of payments and confirmation of the Joint Venture with MX Gold Corp.

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http://www.marketwired.com/press-release/firmas-gracepoint-mining-corp-announces-completion-payments-confirmation-joint-venture-2190336.htm

HENDERSON, NV –(Marketwired – January 23, 2017) – Firma Holdings Corp. (OTC PINK: FRMA), through its subsidiary GracePoint Mining Corp., announces that, further to its news release dated October 25, 2016, MX Gold Corp. (TSX VENTURE: MXL) (FRANKFURT: ODV) (OTCQX: MXLGF) has paid all remaining installments, totaling $2.5 million USD, and has earned a 50% participating ownership interest and 45% net profit participating interest in the Magistral, Del Oro tailings project located in Mexico (the “Project“).

The project includes a 500 TPD Dynamic Cyanide counter current system plant. Construction of the plant was completed in 2013, for approximately $4.5 million and is in excellent condition. It is unencumbered and it is estimated that it can be fully operational within 4 to 6 months. Additionally, the Project includes the exclusive rights to process the mineralized mill tailings.

Mr. Bert McPherson, President and COO of MX Gold, stated: “After conducting weeks of due diligence on site in Durango, Mexico, I am confident and excited with value the Magistral Project is going to bring to MX Gold. The company and its shareholders can look forward to us reporting on our progress from Durango in the weeks to come.”