Para Resources is pleased to announce that Javier F. Cordova Unda, until recently the Minister of Mines for Ecuador, has been appointed as Special Advisor for Business Development. Javier Cordova Unda was the first Minister of Mining of Ecuador serving from February 13, 2015 until January 30, 2018. One of his main objectives was to strengthen the [...]
Para Resources is pleased to announce the results of an independent Preliminary Economic Assessment study under National Instrument 43-101 by RPM Global on the Gold Road mine, in Oatman, Az. The PEA report will be posted to SEDAR May 2nd, 2018. Gold Road PEA Highlights2 Pre-tax Net Present Value at a 5% discount rate of US$81.3 million [CAD$104 million1] and [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
