Year: 2018

Bayhorse Silver Commences Operations in the “Big Dog” Historic Workings at the Bayhorse Silver Mine, Oregon, USA

JayCurrie
Bayhorse silver, V.BHS
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Vancouver, British Columbia–(Newsfile Corp. – May 1, 2018) – Bayhorse Silver Inc. (TSXV: BHS) (the “Company” or “Bayhorse”) has extended the new main production haulage drift at the Bayhorse Mine from the Mine portal over 700 feet to nearly the most westerly end of the historic mine workings. A crosscut I drift has been extended into the historic Big Dog Zone from the haulage way, where in 1984, Silver King Mines reported mining 5,718 tons grading an average 16.7 oz/t silver using a 6 oz/t silver cut-off grade. read more

Marathon Increases Overall Gold Resources to 2,137,400 ounces M&I at 1.99 g/t gold and 1,104,700 ounces Inferred at 1.99 g/t gold at the Valentine Lake Gold Camp, Newfoundland

JayCurrie
T.MOZ, Marathon Gold, gold, Newfoundland, Phillip Walford

TORONTO, May 01, 2018 (GLOBE NEWSWIRE) — Marathon Gold Corporation (“Marathon” or the “Company”) (MOZ:TSX) has established a new Mineral Resource Estimate for the Marathon Deposit at its 100% owned Valentine Lake Property prepared under the direction of John T. Boyd Company in accordance with National Instrument 43-101 (“NI 43-101”). The resources were revised as part of the soon to be released Preliminary Economic Assessment (PEA). All the gains came from the Marathon Deposit which was updated as of March 5, 2018. read more

MGX Minerals Announces Record Date for Dividend of ZincNyx Energy Solutions Shares; Provides Public Listing Update

MotherlodeTV
CSE:XMG, MGX Minerals, lithium,

MGX Minerals Inc. (“MGX” or the “Company”) (CSE:XMG) (OTCQB:MGXMF) (FSE:1MG) is pleased to provide an update regarding the proposed spin-out of its wholly owned subsidiary, ZincNyx Energy Solutions Inc. (“ZincNyx”), the intentions for which were previously announced in the Company’s April 3, 2018 news release (the “Prior Release”). The Company has determined to fix June 29, 2018 as the record date (the “Record Date”) for the proposed distribution of the payment of a dividend in kind of common shares in the capital of its wholly owned subsidiary, ZincNyx (the “ZincNyx Shares”) to shareholders of MGX as of the Record Date (“MGX Shareholders”). U.S shareholders will be eligible to receive the proposed distribution, however there is no guarantee ZincNyx shares will be listed on a qualified U.S. exchange. The Company expects to issue dividend shares totaling 25%-40% of its holdings in ZincNyx to MGX Shareholders of Record, pending final audit and pricing of shares. read more

Manganese X Corporate Update

MotherlodeTV
Maganese X Energy, V.MN

Manganese X Energy Corp. (TSXV: MN) (FSE: 9SC2) (TRADEGATE: 9SC2) (OTC Pink: SNCGF)( “Manganese X” ) is pleased to announce that negotiations with Calgary based Mountain Springs Oil and Gas Ltd. (“Mountain Springs”) to acquire a 15 % equity interest in Mountain Springs are progressing well (refer to previous press release March 23rd 2018). Mountain Springs has advised that funding for the expected acquisitions by Mountain Springs will be secured through Integrated Asset Management Corp. and Stonebridge Financial. read more