Morro Bay Resources a mineral exploration company focused on advancing its Peñoles Project located in the prolific Durango Silver Belt, Mexico announced today it has entered into an Investor Relations agreement with Minera IR Inc. of Toronto. John Zang, CEO of Morro Bay stated, “We are excited to retain Minera IR with their knowledge of Mexico as [...]
Morro Bay Resources, is pleased to announce the initiation of the 2014 summer drilling program to explore the San Rafael silver-gold system and outlying early stage gold-silver zones, which were recently delineated during regional reconnaissance mineral exploration. Approximately nine drill holes totalling roughly 1,900 metres are planned and [...]
Morro Bay announces that it has released its Q3, 2014 Consolidated Financial Statements and Management Discussion and Analysis. The Third Quarter saw Morro Bay incur approximately $750,000 of expenditures at Peñoles. The incurring of such expenditures was one of the pre-requisites to Morro Bay exercising the option to acquire at least a 51% (and up [...]
Morro Bay, announces that, further to the news release dated July 7, 2014, the $500,000 summer exploration program at the Peñoles property has commenced. Riverside Resources and Morro Bay have agreed that the Summer Exploration program will be focused on targets in the prospective areas at Peñoles beyond the previously confirmed deposits at the El [...]
Morro Bay Resources, announces that it has agreed with Riverside Resources to extend the option exercise date for the Peñoles Project in Durango. The date for the exercise of the option by Morro Bay has been extended to now be the later of November 30, 2014 and the date which is 75 days after the completion of the Additional Work Program, and in [...]
Morro Bay, is pleased to announce additional results from its current drilling campaign on the Peñoles Project. Assay results from the six final holes of this campaign demonstrate good continuity of the mineralization associated with the recently discovered Jesus Maria South target. Highlights of the final six holes from the drilling are: 9.5 m [...]
Morro Bay is pleased to announce the completion of the recent drilling campaign on the Peñoles Project which is owned by Riverside Resources. From February to May, 2014 Morro Bay completed twenty three (23) HQ sized core holes on the property, for a total of 2,143 meters. The majority of the drilling was focused in and around the Jesus Maria mine [...]
Morro Bay is pleased to announce drilling has commenced on the Penoles Project, an Epithermal Type Gold-Silver target in Mexico's prolific Durango Silver Belt. The current 3,000 meter drilling campaign is targeted on expanding the mineralization area identified by previous drilling campaigns. Morro Bay also announces that it has invested [...]
Morro Bay Resources is pleased to announce that it has received approval from its shareholders for its previously announced Qualifying Transaction (as that term is defined in Policy 2.4 - Capital Pool Companies of the TSXV, described in more detail in Morro Bay's information circular dated December 18.In connection with the Qualifying Transaction [...]
Morro Bay Capital is pleased to announce a brokered private placement offering of a minimum of 5,000,000 common shares and a maximum of 7,500,000 Common Shares at a price of $0.10 per Common Share for minimum gross proceeds of $500,000 and maximum gross proceeds of $750,000. The completion of the Offering is a condition for TSX Venture Exchange [...]
Morro Bay Capital is pleased to announce that it has received conditional acceptance from the TSX Venture Exchange for its Qualifying Transaction (as that term is defined in Policy 2.4 - Capital Pool Companies of the Exchange) with Sierra Madre Developments, previously announced on October 22, 2013. The conditional approval of the Transaction by [...]
Morro Bay Capital and Sierra Madre Developments announce that they have entered into an arm's-length non-binding letter of intent pursuant to which Morro Bay will acquire all of the interests of Sierra Madre in the Penoles project in Mexico. The Transaction will see Morro Bay acquire all of Sierra Madre's Mexican mining interests in exchange for 16 [...]
