BACANORA MINERALS LTD. notes the announcement made today by Rare Earth Minerals plc regarding their independently commissioned and funded scoping study on the El Sauz and Fleur concessions which form a part of the Company's Sonora Lithium Project in Sonora State in Northern Mexico. A summary of the REM Scoping Study has been provided by REM in their press release today.
EMED Mining Public Limited, the Europe-based minerals development and exploration company, announces that it has entered into a conditional earn-in agreement with Prospech Ltd, a private Australian exploration company, in relation to the exploration licences in the Hodrusa-Hamre-Banska Stiavnica and Velke Pole districts of Slovakia held by EMED's 100% owned Slovakian subsidiary, Slovenske Kovy s.r.o..
Mediterranean Resources Ltd. (the "Company") is pleased to announce that the Company's Turkish subsidiary, Akdeniz Resources Madencilik A.Þ. ("Akdeniz"), the owner of the Company's flagship Yusufeli property, has entered into a Letter of Intent dated December 17, 2014 (the "LOI") with Çeka Ýnþaat ve Sanayi Ticaret A.Þ., a private Turkish corporation ("ÇEKA"), to form a joint venture on the Yusufeli property in the province of Artvin, Turkey.
VMS Ventures Inc. ("VMS Ventures" or the "Company") is pleased to update shareholders on the performance of the Reed mine. VMS Ventures Inc. owns 30% and Hudbay Minerals Inc. ("Hudbay") owns 70% and is the operator. Management has reviewed the Reed mine financial report received from Hudbay.
Avrupa Minerals Ltd. announces that further to the information released on December 17, 2014 regarding the assay results from the Slivovo JV Project in Kosovo, detailed sample by sample assay results have now been posted at www.avrupaminerals.com under the section on Projects, Kosovo, then titled "Slivovo Gossan" project.
Rubicon Minerals Corporation is pleased to announce that the construction of the Phoenix Gold Project in Red Lake, Ontario, Canada continues on schedule for projected initial production in mid-2015 and remains well-funded to completion. Underground development rates have improved significantly in October and November, to the point where the stockpiling of mineralized development material from the first planned stopes has begun.
Vanguard Mining Corporation today announced that PT Mega Kencana Persada (MKP), a company owning a 330-hectare limestone concession in Mandailing Natal, North Sumatra, has confirmed that it has met all the requirements for licensing and permitting and will be ready to commence production in early 2015.
Timmins Gold Corp. is pleased to announce that it has entered into an Asset Purchase Agreement with Goldgroup Mining Inc. to purchase 100% of the Caballo Blanco Gold Project, a gold development project in Veracruz State, Mexico for total consideration of US$10 million in cash and 16,065,000 Timmins Gold shares.
Alto Ventures Ltd. is pleased to announce the commencement of a high-resolution airborne magnetometer survey to be flown over its GEFA claims located adjacent to the North Arrow Minerals Pikoo diamond discovery in north central Saskatchewan.
Fortuna Silver Mines Inc. is pleased to announce Board approval of two major capital projects for 2015 at the San Jose Mine in Mexico: mill expansion from 2,000 to 3,000 tonnes per day ("tpd") and construction of a dry stack tailings deposit and filter facility. The company is in a strong financial position to meet its capital budgets from operating cash flows and available liquidity.
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