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mm manipulation. smoke and mirrors.
SP has suffered the last few days. Larger blocks on the ask. Any ideas on what's happening? I sure wish we would get an update.
It appears that someone is still hopeful.
darkest of night is right before dawn......
From TRGD to TARM to FRMA ... been holding for 11+ years now. It will be a miracle if anything significant ever happens with FRMA. It's hard to even be hopeful.
we're waiting for news that this closed, and then other news should be forthcoming...
mxl pr with newly modified defiintive agreement
http://www.stockhouse.com/news/press-releases/2018/05/11/mx-gold-signs-definitive-agreement-to-sell-interest-in-magistral-joint-venture
I guess this part refers to frma
"joint venture partner (who is simultaneously selling its interest in Magistral) "
I wonder if we will get any updates on production results. Shouldn't we know something by now?
wow it does seem to say that. OMG what's going on?
What JV? Says Firma sold too...
"and (v) the purchaser acquiring a 99.932-per-cent interest in Magistral from the company and its joint venture partner."
Amazing change in FRMA's joint venture partner. All for the good as new partner MUST have deeper pockets to fund their share of the partnership. Majistral should be completed quickly!
"MX Gold to change business to cryptocurrency
2018-04-05 17:13 CT - News Release
Shares issued 285,447,252
MXL Close 2018-01-10 C$ 0.11
Mr. Dan Omeniuk reports
MX GOLD CORP. ANNOUNCES PROPOSED CHANGE OF BUSINESS FROM MINERAL EXPLORATION TO CRYPTOCURRENCY MINING
MX Gold Corp. has signed a non-binding letter of intent and four binding agreements that collectively propose to sell the company's entire mining portfolio in an arm's-length transaction to a private numbered company for the aggregate purchase price of approximately $14,952,000. The company intends to use the funds to expand its existing and successful cryptocurrency mining pilot project of 360 mining units through the purchase of an additional 2,000 mining units under its existing lease arrangements located in Manitoba. The proposed sale of its mineral exploration assets and expansion of its cryptocurrency business will constitute a change of business as defined by the policies of the TSX Venture Exchange.
Upon the closing of the transaction, the company anticipates it will be listed as a Tier 2 technology issuer with the exchange. As the company is proposing to sell its current mineral exploration business for cash, no securities will be issued in connection with the transaction, no changes to the board or management team is expected at this time, and no new insiders will be created in connection with the transaction. The company is currently subject to a cease trade order due to the failure to file a technical report on its Magistral joint venture interest and Max property. However, the company intends to apply for an application to revoke the cease trade order following the closing of the transaction and the sale of such property interests. The company may elect to change the name of the company in connection with the closing of the transaction, but the board of directors has not finalized such a change at this time.
The company anticipates that the transaction will be subject to shareholder approval in accordance with exchange policies, and intends to prepare and file a filing statement setting out the material terms of the proposed transaction in due course. The company intends to obtain such approval by way of written consent. In the event that the company determines that the transaction also requires shareholder approval under the Business Corporations Act (British Columbia), the company intends to proceed with the closing of the transaction and delay the closing of the Willa property sale until such approval is obtained. The transaction is also subject to the sponsorship requirements of the exchange. The company intends to seek an exemption from the sponsorship requirements, and if one is not available, it intends to seek a waiver from such requirements.
Dan Omeniuk, chief executive officer of the company, stated: "Last fall, the company strategically explored an alternative business model through the creation of a modest cryptocurrency pilot project in Manitoba. The low cost to entry combined with strategic connections of the board resulted in the company initiating a small-scale cryptocurrency mining operation of 360 mining units that became operational in January, 2018. To date, the company has converted 2.5 mined bitcoins into net cash of $30,750 and currently holds an additional 12 bitcoins in the company's bitcoin wallet. Management and the board believe that a large-scale cryptocurrency mining operation represents the best opportunity for growth of the company and return for its shareholders. This position has been accelerated by the fact that the company is currently unable to raise additional funds because of the cease trade order, and because of the capital intensiveness and regulatory hurdles associated with advancing its mineral exploration projects towards production. As a result of these contributing factors, the board and management strongly believe that the proposed sale of the company's mining portfolio to the purchaser and the deployment of that capital into the expansion of its existing cryptocurrency operation is in the best interests of shareholders."
Postclosing, the company believes it will be able to obtain a revocation of the cease trade order once the sale of its Magistral joint venture interest and Max property have been consummated.
Sale of mining assets
The company has entered into the following five agreements to sell its mining assets:
Non-binding letter of intent dated March 29, 2018, whereby, subject to entering into a definitive agreement, the company has agreed to sell its corporate joint venture interest in the joint venture, which indirectly owns the Magistral project (Mexico), for $4.5-million (U.S.). Under the terms of the LOI, the parties have agreed to enter into the definitive agreement on or before April 6, 2018. On the closing of the definitive agreement, the company has agreed to relinquish all rights to its joint venture interests in the IDS project in Mexico;
Reimbursement agreement dated April 5, 2018, whereby, on the closing of the definitive agreement, the purchaser has agreed to pay the company an additional $3,525,000 (U.S.) as reimbursement for funds advanced by the company in connection with the joint venture;
FortyTwo Metals share purchase agreement dated April 5, 2018, whereby the company has agreed to sell to the purchaser all of the issued and outstanding shares of its wholly owned subsidiary, FortyTwo Metals Inc., for a purchase price of $3-million. FortyTwo holds the past-producing Max molybdenum mine and mill located in British Columbia and a $730,000 reclamation bond for the Max property held with the British Columbia Ministry of Mines. FortyTwo is also subject to certain legacy liabilities associated with prior operations.
Midas property purchase and sale agreement dated April 5, 2018, whereby the company has agreed to sell the purchaser the early-stage Midas property in British Columbia for a purchase price of $1.6-million;
Willa property purchase, sale and assignment agreement dated April 5, 2018, whereby the company has agreed to sell to the purchaser the advanced-stage Willa property in British Columbia for a purchase price of $1 and assign certain legacy obligations associated with the Willa property, including a net smelter royalty, advance royalty payments and the requirement to retransfer the property back to the original optionors if the property is not in commercial production on or prior to Sept. 28, 2020, with the underlying mineral claims in good standing for a period of not less than three years. The transaction is subject to several conditions precedent including: (i) exchange approval; (ii) except for the sale of the Willa property, which may occur after the closing of the other agreements, the concurrent sale of the Magistral joint venture interest, the Midas property and FortyTwo to the purchaser; (iii) satisfactory due diligence by the purchaser; (iv) the purchaser raising funds required to finance the purchase price of the company's mining portfolio; and (v) the purchaser acquiring a 99.932-per-cent interest in Magistral from the company and its joint venture partner. In addition to the above conditions, the company anticipates that the sale of the Willa property may be subject to shareholder approval under the Business Corporations Act (British Columbia), and has bargained for the ability to delay closing of that agreement in the event such shareholder approval is required.
Expansion of cryptocurrency business
As part of the company's cryptocurrency mining pilot project which was approved by the exchange in October, 2017, the company purchased 360 mining units of the Avalon Miner 741 cryptocurrency mining system on Nov. 6, 2017, as announced via news release on Nov. 13. The company began cryptocurrency mining operations in January, 2018. The company intends to use the proceeds of the transaction to buy 2,000 additional mining units and install them in facilities under its existing lease arrangements located in Manitoba and, if required, acquire additional lease space in an effort facilitate future expansion. Assuming closing of the transaction on or prior to April 15, 2018, the company anticipates that delivery of such mining units would occur within 60 days of the closing of the transaction, and installation and operation of such units would occur within 120 days of the closing of the transaction.
I think there may have been some testing done by frma to confirm packaging viability but not sure how you'd find that.
I am DDing patent owner Craig Machado..he has hooked up with private Plantation Corp & SGMD to use his Freshtec patents to bring Budlife cannabis storage extended freshness product to market shortly...I like SGMD...but Machado patent to product development i am not so sure of..just checking to validate FRMA Freshtec success and DD Machado ..cant seem to locate much FRMA/Freshtec packaging info..??
why your interest?
does smartpac belong to a tradeable public entity?
Hi Sam, first board visit to DD Smartpac...Did company ever make an "honest" effort to bring to market, or just fluff at that time? I am trying to DD Smartpac technology and see if it has any value..thx
*i do realize Smartpac no longer in the picture here...gl
There should be a Sedar report for last quarter soon
Any more reports about activity at the mill? Are things still up and running? I wonder if we're going to get any updates from Firma.
It would be nice if we were seeing more volume.
Its beginning to look like SOMEONE ACCUMULATING A POSITION in FRMA'. Let's hope they know something positive is on the horizon
Nice movement off its lows for MX Gold! Hopefully FRMA will follow.
I don't like to post rumours but people who live near FRMA's Don Ramon mill say there is a lot of action there. Trucks, many employees and mining equipment working after the Christmas holidays. Hope this means the mill is working!!
Seems something is going on with the price of FRMA
Barcharts gives it a 100% buy at these levels
Barcharts overall average is 100% buy
If you look at stock charts, the Chaikin money flow is positive and it's broken through it's upper channels.
Though it has a current price objective as 0
Not recommending the stock - do your own DD. Just sharing what is showing up on the charts.
Charts are a great indicator of what may happen.
Hope this helps anyone looking at this stock.
Cheers
Is there something going on with this ticker, ENTI and IDGC?
I have no idea. Someone owns the company. I would expect they would do a huge reverse split if they wanted to use the shares but---
Will TRGD ever start trading again do you think?
The people who bought TRGD had planned to use the shell to develop real estate. Failed. So no idea what is happening. I have already taken the tax loss last year
the distribution was all completed at that time. all shares of frma that were held by trgd were distributed.
Our trgd shares were then transferred in an empty shell to some new owner which is a pvt company.
They did put out some filing a year or two ago that showed promise but have not heard anything since.
Thank you for your reply mudpuppy. What about the below? I did receive some FRMA shares for TRGD shares, but as I'm still holding outstanding TRGD shares, the TRGD->FRMA shares distribution has only been partially completed. Thank you, again.
pt:
HENDERSON, NV--(Marketwired - Jan 27, 2015) - Firma Holdings Corp. (OTCQB: FRMA) announces that Tara Gold Resources Corp. is distributing 0.38843 shares of Firma for each outstanding share of Tara Gold. Any fractional shares will be rounded down to the nearest whole share. The Record Date is January 28, 2015, and the Payment Date is February 5, 2015.
Upon the completion of this distribution, Tara Gold will no longer hold any shares of Firma Holdings.
Firma Holdings was incorporated on May 12, 2006 as Tara Minerals Corp., a subsidiary of Tara Gold Resources. Tara Gold has held Tara Minerals shares since its inception. On June 3, 2014, the Articles of Incorporation were amended to change the name to Firma Holdings Corp
there is no relationship between trgd and frma anymore, as far as I am aware.
I have heard nothing regarding the private company trgd in over a year.
Where does all this good news leave those of us holding TRGD shares? Thank you.
First a caveat, then my questimates as to the potential of FRMA’s projects
Don Ramon. There really,at this time, no reliable N143-101 “The company is also in the process of engaging a Certified Professional Geologist (CPG) as a qualified professional (QP) to complete an initial “NI43-101” report on the Don Roman project. It is the intention of the company to bring the project into compliance with “NI43-101” standards.” Since the samples have long been in possession of the company dating from the first attempt to process feed for the mill, this report should not take too much time. At that time 2010, the grades from the Rosario section of the Don Ramon holding, which is the current expected source of tonnage, gave grades of 9-10% zinc, 2% lead,12 gram. silver and 1gram gold [ I repeat not N143-101 compliant].
The Ramon mill is capable of having 3 ball trackings to refine the ore. Once in full operation that could indicate a thruput of 360 tons a day. The estimated recovery was placed at 85-95% which was achieved in initial trials. Using numbers from that era at the time, it was estimated a NET PROFIT of $765,000 per month would be achieved-This was based on pricing of the minerals at that time.
Additionally, the size of the prospective ore body is still open at all levels -19 kilometers long, 300 meters wide and 200 meters depth. With possible more structures not revealed at this time.
Again the above is based on what was reported and estimated in 2010 and subject to reality!! But I can dream.
But the above is not the only possible revenue generating projects by management Not by a long show
Saucillo Project, Concordia, Mexico
“The property is approximately100 hectares in size and hosts at least one silver/gold vein structure.”
Although sampling to date has shown encouraging results a”300-tonne bulk sample through a third party processing facility will be tested” to, hopefully, prove the value of this acquisition.
“Magistral Project is nearing completion on the construction of a Meryl Crow recovery plant with an estimated throughput capacity of 1,000 tonnes per day.”Hopefully, January will see thru-puts started and full production achieved Our 50% partner MXL has estimated revenues of 4-6 million dollars per year once in full production and, of course, depending on gold mineral pricing at that time.
Durango Project has been put on hold until the Magistral revenue stream has been established. The project includes a smelter that was completed in 2014 for a throughput capacity of 50 tonnes per day. The smelter was built to receive and process material from small-scale miners across the state of Durango and beyond. MXL has suggested a revenue stream of $5-700,000 a month was possible when established.
The Picacho Project
“The company is working on a development strategy for the Picacho project, which will focus on production of the Picacho vein. It is expected that a plan should be defined sometime in the first quarter of 2018.”
It should be remembered that the Yamana Gold had drilled the Picacho ore body in 2011 and identified 100,000 oz of gold but determined NOT to develop the property.It is FRMA's 100% owned, an opportunity waiting with possible further exploration findings.
Again, please do your own DD. I have been a shareholder since the beginning of Tara Gold and Tara Minerals. Thru good and bad times Management has been good and not so good but historically that is the plight of all mines. I feel confident we are going to see great results but obviously, I wasn’t smart enough to avoid the collapse of the last number of years.
"It is the objective of the contractor to have the mine producing and the plant able to process and produce concentrate before the end of December 2017"
If this comes through we will see a very good 2018 for FRMA. Should be over 0.10 soon.
Regards FH
A history lesson- FRMA [AKA Tara Minerals} had a run from .10 to $3.00 when the mining Markets were VERY hot early 1990s -2000 substantially because the company was building Don Ramon plant to process their significant Zinc, lead ;silver and some gold . My senior mind believes the plant cost approx.9 mllions As well at that time Yamana was exploring the Picacho gold prospect owned by FRMA.
Then things when bad. The team supposedly mining the Don Ramon holdings were not capable of delivering the expected minerals to the plant. Gold tanked and Yamana’s need for over 200,000 ox of gold from Picacho preliminary testing fell short and they cut back on most of their projects besides Tara Minerals.
Management then turned to non=metal projects a la Italian Gelata with a firm contract with Tyson foods and shipping containers of fruits and vegetables –Don’t ask- but they tried
So now we are back to the original concepts of Mexican Mining!
Hopefully, management has learned their pluses and minuses. Mr. Biscan has the contacts and wisdom to obtain promising projects and the acquaintances who will joint venture with him. These JVs saves FRMA from severe share dilution. The people who are partnering bring experience in exploration and mining and knowledge to run the plants that produce the revenue products.
Can the future bring a return of success? Time will tell.
Everyone should do their own DD
News out
HENDERSON, Nev., Dec. 07, 2017 (GLOBE NEWSWIRE) -- Firma Holdings Corp. (OTC PINK:FRMA) (the “company”) is pleased to provide a corporate update.
Gracepoint Mining (Subsidiary)
Don Roman Project, Choix, Mexico
The project, consisting of 10,000 hectares of mineral claims, hosts over 80 known structures, and includes a 3 Circuit 360 tonne (estimated) per day flotation mill centrally located to the structures and about 100 meters off of a government paved road. In addition, 80% of the known structures are accessible by existing road infrastructure.
The company has recently entered into a Profit Participation Agreement with a third party to fund the refurbishment of the flotation mill and the development of the Rosario zinc-lead-silver mine that has had historic production. The agreement calls for an investment of a minimum of $250,000 and a maximum of $600,000 to earn an expected 10% net cash flow interest.
Currently, the project has been funded and work has begun to refurbish the plant, which includes, but is not limited to the refurbishment, repair, or construction of: ball mills, flotation cells, a water storage, tailings pond, electrical components, an assay lab, sleeping quarters, and other ancillary assets. Initially, we will target the Rosario vein structure, which has been historically mined, and can be followed on strike for a minimum of 5 kilometers. Development work has begun at the Rosario mine site, including the cleaning up of the existing mine tunnels and developing a hauling road between the mine and the plant.
The initial objectives are to complete sampling of the existing tunnels and the subsequent mining of Rosario vein structure. The near term plan will be to assay the existing blocks, ceilings, floors, and walls of the tunnels, along with exploring the structure along strike.
Based on the results received from the initial sampling program, a decision will be made as to whether to proceed with a campaign to process a bulk sample. The information gained from processing the bulk sample, which will include head grades, initial recovery rates, and operating costs, will allow a more defined near term and mid term project development strategy. It is the objective of the contractor to have the mine producing and the plant able to process and produce concentrate before the end of December 2017, subject to the customary risks associated with such projects.
The company has limited technical information on the mine, but based on what is known of its recent history and the low capital cost needed to reach production, the business risk is believed to be merited. The company is also in the process of engaging a Certified Professional Geologist (CPG) as a qualified professional (QP) to complete an initial “NI43-101” report on the Don Roman project. It is the intention of the company to bring the project into compliance with “NI43-101” standards.
Saucillo Project, Concordia, Mexico
The company has also recently entered into a Profit Participation Agreement with a third party to fund the acquisition of a new project named Saucillo, located in Concordia, Mexico. The property in approximately 100 hectares in size and hosts at least one silver / gold vein structure.
The agreement calls for an investment of $275,000 dollars to earn a 10% net cash flow interest. All $275,000 has been received, with $200,000 being used to purchase the property and the balance going towards the development of the mine and the production of a 300 tonne bulk sample. Although sampling to date has shown encouraging results, it is the desire of the investor and the company to take an aggressive strategy to see if the material shows metal values, capable of being economic by means of processing the 300 tonne bulk sample through a third party processing facility.
Based on the results of the bulk sample, decisions will be made as to whether future work is warranted and if so, there will be a more defined plan developed.
Magistral Project, Durango, Mexico
The Magistral project, which is managed as a 50/50 Joint Venture with MX Gold, is nearing completion on the construction of a Meryl Crow recovery plant with estimated throughput capacity of 1,000 tonnes per day.
To oversee project completion details and to make preparations for operational startup, the joint venture has appointed Kevin Weston as director of operations of the Magistral Del Oro project in Mexico. Mr. Weston holds a bachelor of engineering in mining and mineral engineering from McGill University and has over 35 years of experience in developing and operating mining projects. Among other prior roles, Mr. Weston has served as chief operating officer of Farallon Mining Ltd., vice-president, operations, Canada, of Capstone Mining Corp. and chief operating officer at JDS Silver/Silvertip. Mr. Weston, a fluent Spanish speaker, has previous experience as a senior operator in Mexico with Farallon Mining.
Picacho Project, Sonora, Mexico
The company is working on a development strategy for the Picacho project, which will focus on production of the Picacho vein. It is expected that a plan should be defined sometime in the first quarter of 2018.
Durango Smelter Project (IDSA), Durango, Mexico
The IDSA project, which is managed as a 50/50 Joint Venture with MX Gold, is currently on hold until the Magistral project has commenced commercial production. At that time, the management committee will look at the options for the project.
SmartPac, LLC (Subsidiary)
The company has entered into an agreement to sell certain intellectual property assets known as the the SmartPac Intellectual Property. In addition to $900,000 in cash payments, the agreement provides that the company will receive approximately 6% of the outstanding equity interests in the acquiring company, in the form of 50,000 shares of common stock.
Mr. Francis Biscan Jr., Chairman and CEO of Firma Holdings Corp., stated, “We are very encouraged with the progress that has been made to advance the company’s projects. We will be taking an aggressive development posture in 2018, with a direct focus on production, and look forward to sharing our progress.”
Contact: David Barefoot (888) 901-4550
David@FirmaHoldings.com
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Certain forward-looking statements contained herein, including “expect,” “plan” and “will,” contain statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the Company's control with respect to the quality and marketability of minerals, if any, to be uncovered by the projects described herein, market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company's historical filings with the Securities and Exchange Commission (the “SEC”). At this time, the Company is not current in its SEC reports, and you are cautioned that material information with respect to any investment decision with respect to our common stock may not have been disclosed or available. The Company undertakes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions should change except as required by applicable securities laws. Please read the full disclaimer at www.FirmaHoldings.com.
delay in magistral startup
heavy share dilution with shorts taking advantage of tax loss selling and stop loss orders from past pps
I wonder what the reason is for the erosion in share price of our partner MXL.
Hope there is some news coming to justify a strong share price.
Certainly, smeone is in acquisition mode.
Nice day. I hope FRMA continues to build slowly.
Hopefully we'll get an update soon.
Dan Omeniuk, MX Gold Corp. Chairman & CEO said “Our team is passionate about the Magistral project! We are pleased to see the project advancing on schedule, with the plant operational, by this November. We are also glad to see the continual growth in the price of Gold since the acquisition of the project.”
Dugger
I had posted a couple of days ago that the share price moving
higher was indicative that the PP was being successful
"MX Gold Corp. has closed a non-brokered private placement. The private placement is subject to TSX Venture Exchange approval.
The Company completed the sale of 40 Million units ("Unit") at a purchase price of C$0.10 per unit for gross proceeds of C$4 Million. Each Unit is comprised of one common share in the capital of the Issuer (each, a "Share") and one transferable common share purchase warrant (each, a "Warrant"). Each Warrant will entitle the holder thereof to acquire one Share (each, a "Warrant Share") at a price of $0.20 per Warrant Share until 5:00 p.m. (Vancouver time) on the date of expiration of the Warrant, which is five (5) years following the Closing Date. Aggregate cash finders' fees of $15,575 will be paid to various arms' length parties under agreements with the arms' length parties in connection with certain non-brokered subscriptions of the Offering. Of the total, approximately 6 Million units were purchased by insiders and management of MX Gold Corp.
The Common Shares acquired by the subscribers are subject to a hold period of four months plus one day and may not be traded until January 29, 2017.
The Company intends to use the funds raised from the issuance of the shares for general working capital and its Magistral Project in Mexico..
[bHere is part of MXL report which describes FRMA J/V. Nothing from FRMA management
MX Gold is a junior mining company focused on the exploration and development of advanced projects located in Mexico and British Columbia, Canada. The company's primary focus, is the Magistral del Oro tailings project located 392 km SW of Chihuahua and includes a fully permitted, 500 tonnes-per-day dynamic cyanide countercurrent system plant constructed in 2013, which is currently being expanded to 1,000 tonnes-per day. The Company also owns 50% of the IDS Project, which includes a fully permitted smelter that was completed in 2014 for a throughput capacity of 50 tonnes per day. The smelter was built to receive and process material from small-scale miners across the state of Durango and beyond.
Another PR from our partner at majistral. Good thing at least MXL is keeping us informed.
Hope the numbers are correct in this NR as they aren't
45-101 at this time
"MX Gold Corp. (TSX-V:MXL) (FSE:ODV) (OTCQX:MXLGF) (the “Company” or “MX Gold”), in its joint venture partnership with GracePoint Mining Corp (OTC PINK:FRMA), is pleased to report that Componentes Mineros SA DE CV, has confirmed being on track for plant expansion build out completion, that will increase throughput capacity to 1,000 tonnes per day.
Dan Omeniuk, MX Gold Corp. Chairman & CEO said: “Our team is passionate about the Magistral project! We are pleased to see the project advancing on schedule, with the plant operational, by this November. We are also glad to see the continual growth in the price of Gold since the acquisition of the project.”
While all project objectives and estimates have been done on a non-43-101 complaint basis, for project planning purposes and based on the increased production capacity, the company is using the following updated targeted yields:
Magistral Project
Estimated Tonnage 1,200,000 Metric Tonnes
Gold Price $1,275
Estimated Gold / Tonne 2.06 grams
Estimated Silver / Tonne 3.9 grams
Recovery Rate Gold 76%
Recovery Rate Silver 45%
Commercial Production (CP) 30,000 Tonnes per month
Free Cash Flow – Pretax / Quarter (CP) $3,014,500 USD
Life of Project (assumes no additional ore feed) 3.5 years
Total Free Cash Flow Generated (Pre-tax) $42,203,000
* The CM report does not comply with National Instrument 43-101, Standards of Disclosure For Mineral Projects, a qualified person has not done sufficient work to classify the historical estimate as a current mineral resource or reserve and the Company is not treating the historical estimate as a current mineral resource or reserve.
**Based on work done in January 2012 by Corporacin Ambiental de Mxico, S.A de C.V. A historical estimate was completed by Corporation Ambiental de Mexico SA de CV on Jan. 20, 2012, titled “Perforacion y Muestreo en Presa de Jaleas Estimation Volumetrica, Tonelaje y Ley Promedio.” The CM report estimated a probable reserve of 1.25 million tonnes averaging 2.06 grams per tonne gold. The assumptions for this estimate were based on 58 auger samples, 2.45 metres to three metres in length from 24 drill holes.
***Based on work done in March 2012 by Kappes Cassiday Associates, and, with the oversight of Wayne M. Ash P.Eng., in November 2016 by Met-Solve Lab S.A. de C.V., and in January 2017 by Metallurgy equipment S.A. de C.V.
**** Under the direction of Benitzel Avila Sanchez, and with the help of Componentes Mineros, based on work done in January 2017 by Metallurgy equipment S.A. de C.V.
*****Lorne Warner, P.Geo., is a director of the Company and a qualified person as defined by National Instrument 43-101. Mr. Warner has not verified any of the data disclosed in this news release."
Well at least MXL our joint venture partner in Majistral keeps their shareholders up to date on progress!!
MX Gold Corp. (TSX-V:MXL) (FSE:ODV) (OTCQX:MXLGF) (the “Company” or “MX Gold”), in its joint venture partnership with GracePoint Mining Corp (OTC PINK:FRMA), is pleased to announce that the Magistral Project is experiencing great relations with the local community, including support from local government. The project completion and commencement of production is targeted for the 4th Quarter of 2017.
Ismael Mata Alvarado, Mayor of Santa Maria Del Oro, said: “We are very excited to be the home of one of the next great processing facilities in Mexico. We have seen excellent work and construction of a state of the art production plant. Working with the Magistral Project management team has been a pleasure. Our beautiful city of Santa Maria Del Oro has already benefited from the project, and as the project moves towards completion, it is already becoming clear that it will have a significant impact on our community.”
Bert McPherson, MX Gold Corp. President said: “I have worked in many places throughout the world, and I can easily say that Santa Maria Del Oro is a special place. Working with the good people of Santa Maria Del Oro has been an absolute pleasure.”
Dan Omeniuk, MX Gold Corp. Chairman & CEO said: “Our team is passionate about the Magistral project! The support that we have received from Mr Alvarado, the town Mayor, has given us even greater confidence for the long-term success of the project. It is encouraging to see the commitment and positive impact that his leadership is having on the community. We wish him success in his upcoming “State of the Union” address to the people that he honorably serves and leads. Our team believes that great relations with the community is the first step to a winning project. We are also pleased to see the project advancing on schedule, and that the price of Gold has increased since the acquisition of the project.”
AboutMX Gold
MX Gold is a junior mining company focused on the exploration and development of advanced projects located in Mexico and British Columbia, Canada. The company’s primary focus, is the Magistral del Oro tailings project located 392 km SW of Chihuahua and includes a fully permitted, 500 tonne-per-day dynamic cyanide countercurrent system plant constructed in 2013 and tailings containing a historic estimate of 1.25 million tonnes averaging 2.06 grams per tonne gold. The company is currently expanding to 1000 tonne-per day which is scheduled to be completed by the 4th quarter of 2017. The Company also owns 50% of the IDS Project, which includes a fully permitted smelter that was completed in 2014 for a throughput capacity of 50 tonnes per day. The smelter was built to receive and process high-grade direct-ship ores and concentrates from small-scale miners across the state of Durango and beyond.
MX Gold Corp. is also focused on the exploration, development and mining of advanced projects located in British Columbia and Mexico. The Company’s primary focus in British Columbia is its high-grade Willa gold and copper project located 12 kilometers south of Silverton, B.C. In 2015, MX Gold Corp. completed the accretive acquisition of the Willa project and the Max Molybdenum Mine and Mill Complex. This acquisition removed major costs and shortened timelines typically associated with mine project development. The Willa mine is located 135 kilometers south of the Max Mill. MX Gold Corp. can also elect to reopen the Max Molybdenum mining operation once world Moly prices improve. For updates on the Magistral Project please visit our website. www.mxgoldcorp.com
And, volume 414k. Let's see how many sellers willing to step in for .04. This volume is unusual and somehow a trade for 300k shares was settled at .04/.042 right about noon. Looks like it was a single trade?
Anyone notice the late day large size bids at .04? 440k and 250k shares! Have not seen action like this before.
Any ideas?
What's the deal? Exposing .03 again. You'd think this dog would be going the other way with upcoming revenues. My guess ... probably going to kick the can down the road again.
Hate to tell you this but Tara Gold was sold to another entity and their plans never worked out. Firma has NO connection with Tara Gold.
This happened at least 4 years ago!!
LOL!! Lingerie!! hey, just as likely as a miner getting into tofu, or gelato, or whatever...
The management are a gaggle of clowns... incompetent or corrupt, one or the other... I still own tons of TRGD stock... Tara Gold supposedly still has several properties... why is this stock dead and who got all the investors cash? Firma management, would be my guess...
Why has there been no effort to at least sell the TRGD properties so get some investor money back? Are the management still giving themselves big salaries and bonuses while running these companies into the ground and making insane purchases of failing compamies? We need a SEC investigation into Firma's management. I think they have been running a great big CON.
Another report from MXL re our J/V at Majistral
MX Gold Corp.'s joint venture with GracePoint Mining Corp. a subsidiary of Firma Holdings Corp., is progressing the Magistral project on schedule. The turnkey buildout of the plant includes increasing throughput capacity to 1,000 tonnes per day. The buildout is on track to be completed, with the plant operational, by this November.
Dan Omeniuk, chairman and chief executive officer of MX Gold, stated: "Despite the rainy season in the region, it is encouraging to see that the project business plan is being executed on schedule and that our joint venture efforts with GracePoint are producing positive outcomes. We are looking forward to the projected cash flow from Magistral, as it will serve as an integral part of our approach to building further value for MX Gold shareholders with a non-dilutive strategy."
Bert McPherson, president, stated: "Combined efforts with GracePoint have also allowed us to seek out potential new acquisitions in the area. We look forward to updating our shareholders after conducting our due diligence in weeks to come."
The project includes a fully permitted 500-tonne-per-day dynamic cyanide countercurrent system plant. Construction of the plant was completed in 2013 for approximately $4.5-million. There is a current buildout under way to bring the plant to a 1,000-tonne-per-day capacity. Additionally, the Magistral project includes the exclusive rights to process approximately 1.2 million tonnes of mineralized mill tailings, grading an average of 2.06 grams gold per tonne (79,000 ounces of gold). MX Gold is actively sourcing additional toll tailings tonnages and expects to increase the project's lifetime near term
MX Gold Corp. Advances the Magistral Project Towards Production
VANCOUVER, British Columbia, July 20, 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 or Firma Holdings Corp. (OTC:FRMA), the Magistral project is progressing on schedule. The turn-key build out of the plant includes increasing throughput capacity to 1,000 tonnes per day. The build out is on track to be completed, with the plant operational, by this November.
Mr. Dan Omeniuk, Chairman and CEO of MX Gold stated, “Despite the rainy season in the region, it is encouraging to see that the project business plan is being executed on schedule, and that our Joint Venture efforts with GracePoint are producing positive outcomes. We are looking forward to the projected cash flow from Magistral, as it will serve as an integral part of our approach to building further value for MX Gold shareholders with a non-dilutive strategy.”
Mr. Bert McPherson, President stated, “Combined efforts with GracePoint have also allowed us to seek out potential new acquisitions in the area. We look forward to updating our shareholders after conducting our due diligence in weeks to come.”
The project includes a fully permitted 500 TPD Dynamic Cyanide counter current system plant. Construction of the plant was completed in 2013, for approximately $4.5 million. There is a current build out, underway, to bring the plant to 1,000 tonnes per day capacity. Additionally, the Magistral project includes the exclusive rights to process approximately 1.2 million tonnes of mineralized mill tailings, grading an average of 2.06 gold per tonne (79,000 ounces of gold). We are actively sourcing additional toll tailings tonnages and expect to increase project life time near term.
About MX Gold
MX Gold Corp. is a junior mining company focused on the exploration, development and mining of advanced projects located in British Columbia and Mexico. The Company’s primary focus in British Columbia is its high-grade Willa gold and copper project located 12 kilometers south of Silverton, B.C. In 2015, MX Gold Corp. completed the accretive acquisition of the Willa project and the Max Molybdenum Mine and Mill Complex. This acquisition removed major costs and shortened timelines typically associated with mine project development. The Willa mine is located 135 kilometers south of the Max Mill. MX Gold Corp. can also elect to reopen the Max Molybdenum mining operation once world Moly prices improve.
Well at least our partner in Mexico is keeping their SHAREHOLDERS INFORMED RE DEVELOPMENTS ON OUR JOINT PROJECTS
"MX GOLD CORP. ACCELERATES PAYMENT AND ACQUIRES 50% SHARE OWNERSHIP IN MEXICAN COMPANY HOLDING IDS SMELTER PROJECT
Further to its Feb. 13 and April 28 news releases, MX Gold Corp. has paid the remaining amounts due totalling $450,000 (U.S.) to American Metal Mining SA de CV as required under the framework agreement dated Feb. 6, 2017, as amended, thereby acquiring 50 per cent of the shares of Inversiones Durango San Luis SA de CV, a private Mexican corporation that holds the IDS project. As stated in the April 28, 2017, news release, 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.
CEO Dan Omeniuk stated, "With the acquisition complete, both parties are ready to receive shipment of material. The JV management is diversifying ore collection camps to assist more local small miners for mineral supply assurance while optimizing metallurgical blending properties for engineering design."
The Company also announces that, pursuant to a consulting services agreement dated October 20, 2016 between the Company and a third party consultant, the Company issued 85,174 common shares in the capital of the Company to the consultant as a finder's fee in connection with the Company earning its 50% share ownership interest in the Mexican corporation holding the IDS Project.
About MX Gold
MX Gold Corp. is a junior mining company focused on the exploration, development and mining of advanced projects located in British Columbia and Mexico.
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HENDERSON, NV -- (Marketwired) -- 06/20/14 -- Tara Minerals Corp. (OTCQB: TARM) (BERLIN: 6T3) is pleased to announce a name and symbol change to better reflect its revised structure as a holding company. The Company will now be known as Firma Holdings Corp., with the trading symbol FRMA. FINRA has advised the Company that the name & symbol change will take effect June 23, 2014.
On June 3, 2014 the Company amended its Articles of Incorporation changing its name from Tara Minerals Corp. to Firma Holdings Corp. The amendment was approved by shareholders owning a majority of the Company's outstanding shares. FINRA approved the changes today.
The mining assets and the newly acquired packaging assets will be held under separate divisions.
Tara Minerals Closes Packaging Technology Acquisition
06/19/2014
HENDERSON, NV -- (Marketwired) -- 06/19/14 -- Tara Minerals Corp. (OTCQB: TARM) (BERLIN: 6T3) is pleased to announce that it has closed the acquisition of intellectual property for the preservation and protection of fresh fruit, vegetables and flowers during extended periods of shipping and storage. The mining assets and the newly acquired packaging assets will be held under separate subsidiaries.
The acquisition is comprised of patents, trademarks and other intellectual property in the United States, Europe, Mexico, Canada, South Africa, Japan, and Chile regarding systems and methods for packaging of bulk quantities of fresh produce and flowers incorporating modified atmosphere packaging. The acquisition also includes pending applications throughout the world regarding the active treatment of modified atmosphere packaging.
The commercially demonstrated SmartPac system replaces industry-standard shipping cartons with a sealed see-through container system that preserves produce in virtually the same condition it was in when newly picked, for up to one month during shipment or storage. The packaging system reduces spoilage, extends market reach to far-away customers, and opens up cheaper (ship/rail vs. air) transportation options. The SmartPac system also improves food safety through an efficient mechanism for the distribution of anti-microbial agents, which deter mold, disease and infestation while in transit or in storage.
The solution caters to the quality needs and wants of the end user, opens up new distribution channels, improves the logistics service to customers, and enables lower system-wide costs. The SmartPac solution will be made available for the packing, storage and shipment of bulk quantities of produce to growers, packers and end-users."
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