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Goldcorp Inc. recently announced that it had entered agreement to sell the San Dimas gold-silver mine in Mexico to Mala Noche Resources Corp. The total purchase consideration of $500 million, consisted of $275 million in cash, $175 million of Mala Noche common shares valued at the offering price of Mala Noche’s proposed equity financing and a [...] Gleichen Resources Ltd. has announced that drilling is underway at its 100% owned Morelos Gold Project in Mexico, with its first exploration hole nearing completion. Gleichen intends to ramp up its program through the addition of one rig every two months to reach a total of up to four drill rigs actively working on the [...] Vancouver, B.C., March 16th, 2010 – Newstrike Capital Inc. (“Newstrike” or the “Company”) – www.newstrikecapital.com – announced today that it had received the $2 million termination fee that was due to it under the terms of its share purchase agreement with Desarrollos Mineros San Luis, S.A. de C.V. (“DMSL”). a wholly –owned subsidiary of Goldcorp [...] NEWSTRIKE CAPITAL SIGNS DEFINITIVE AGREEMENT TO ACQUIRE The Guerrero Gold Belt (GGB) is a significant emerging gold mining district hosting a gold bearing iron skarn-porphyry mineralizing system. The district includes Goldcorp’s Bermejal, Nukay and Los Filos deposits, and Gleichen Resource’s Limon-Los Guajes deposit. The GGB has an inventory of approximately 14 million ounces of gold, which continues to increase with ongoing exploration [...] NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES Vancouver, B.C., December 1, 2009 – Newstrike Capital Inc. (“Newstrike” or the “Company”) – www.newstrikecapital.com – is pleased to announce it has entered into an agreement dated December 1, 2009 to acquire 21.2% of the Morelos Project from Desarrollos Mineros San Luis, [...] |
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