Junior corporate roundup: Hunt, Aura Silver, NGEx

Wednesday, November 30, 2016

Argentina-focused Hunt Mining entered into an offtake agreement with Ocean Partners for the delivery of silver-gold concentrate from the Martha mine in Santa Cruz province, a statement said.

Under the terms, Washington state-based Hunt will deliver concentrate with a gold range of 30-70g per dry metric ton (dmt) and a silver range of 30-100kg per dmt. Hunt received an initial amount of US$1.5mn and will receive a further provisional payment upon shipment of the concentrate.

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Aura Silver Resources is undertaking a non-brokered private placement offering of units to raise gross proceeds of up to Cdn$500,000 (US$373,858), the Ontario-based company said in a press release.

The proceeds will be used for working capital purposes and for concession fee costs related to its Taviche property in Mexico.


Vancouver-based NGEx Resources intends to sell on a non-brokered private placement basis up to 8mn common shares for gross proceeds of up to Cdn$10mn, to be used for ongoing work programs in Chile and Argentina and for general corporate purposes, a company statement said.

NGEx has the Constellation copper-gold project on the border of the two countries.