Para Resources is pleased to announce that an NI 43-101 Technical Report entitled "2018 Technical Report on the Oatman Gold District Properties" dated April 10, 2018 and authored by James R. Guilinger, a Qualified Person under NI 43-101 has been filed on SEDAR and is available for review. The Oatman Gold District Properties include multiple option agreements that Para has secured and staked that are in addition to the [...]
Para Resources is pleased to provide an update on the production ramp up and results for the month of February 2018 at the El Limon Mine in Zaragoza, Colombia. Milling operations commenced in late November 2017 with a six month ramp up schedule to full production expected in June 2018. The plant has been optimizing recovery and availability with lower grade feed material in order to ensure gold is not lost in the early [...]
Para Resources is pleased to announce that is has successfully completed the dewatering of its 88% owned Gold Road underground mine in Arizona. Completing dewatering has allowed underground rehabilitation work to continue at the lowest levels of the mine. In addition, approximately 11,000 feet of the decline ramp has been rehabilitated, providing rubber tire access. Initial ventilation has been established, the electrical [...]
Para Resources announces, subject to regulatory approval, the grant of a total of 2,000,000 stock options to a director of the Company to purchase common shares of the Company in accordance with its stock option plan. The options vest immediately and are issued at an exercise price of 23 cents per common share and expire five years from the date of issuance. ABOUT PARA RESOURCES: Para is a junior producing gold mining [...]
Para Resources announces that following comments and requests for clarification by the British Columbia Securities Commission, a revised NI 43-101 Technical Report on the Gold Road Mine and surrounding mineral claims 88% owned by Para, has been filed on SEDAR. Key clarifications include cautionary parameters around historical estimates, improved disclosures of exploration targets and data verification. The revised [...]
Para Resources is pleased to announce that it has closed its non-brokered private placement for total gross proceeds of $1,557,160. The Private Placement consisted of 7,785,800 units at a price of $0.20 per unit. Each Unit is comprised of one common share of the Company and one-half common share purchase warrant . Each Warrant entitles the holder to acquire one common share of the Company for a period of 18 months at a [...]
Para Resources is pleased to provide an update on the production ramp up and results for January 2018 at the El Limon Mine in Zaragoza. Milling operations commenced in late November 2017 with a six-month ramp up schedule to full production in June 2018. The plant has been optimizing recovery and availability with lower grade feed material in order to ensure gold is not lost in the early stages. Mr. Ian Harris, Para's [...]
Para Resources is pleased to provide an update on December 2017 production at the El Limon Mine in Zaragoza, Colombia, as follows: Mill Availability 52% Average Gold Recovery 73% Mill Throughput 3,037.0 Mt Average Head grade 3.55 g/mt Gold Production 253.1 oz Peak throughput 211 MT/day The operations re-commenced in late November 2017. The plant has been processing lower grade feed material in order to preserve the gold [...]
Para Resources is pleased to announce that it has received an evaluation report from its consultant RPM Global on the condition of the Gold Road Mill and an estimate of the capital necessary to begin processing mineralized material once the anticipated operation of the mine begins. In addition to the mill evaluation, RPM also reviewed the project infrastructure to confirm it was sufficient to support the successful [...]
Para Resources is pleased to announce that it has arranged a non-brokered private placement for total gross proceeds of up to $1,000,000. The Private Placement will consist of up to 5,000,000 units at a price of $0.20 per unit , a 33.3% premium to the current market price. Each Unit will be comprised of one common share of the Company and one-half common share purchase warrant . Each Warrant will entitle the holder to [...]
Para Resources Inc. is pleased to announce that an NI 43-101 Technical Report on the Gold Road Mine and surrounding mineral claims under the control of Para has been filed on SEDAR and is available for review. Some selected highlights from the report: The Gold Road Mine has an excellent historic resource base that is expected to be upgraded with additional development. There are several significant exploration targets [...]
Para Resources Inc. is pleased to announce that it has entered into agreements with multiple parties to secure access to additional mineral claims and historic mines adjacent to the Gold Road Mine and Mill in the Oatman Mining District in Northwestern Arizona. Many of these mines stopped production in 1942 due to the US war effort and were never restarted. They were producing from high-grade underground veins at that [...]
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