Genex Mining has successfully completed Surface and Underground Rehabilitation, underground diamond drill station excavation and diamond drill supervisor contract with Golden Dawn Minerals Inc. The length of this contract was from September 2016 to May 2017.
Genex Mining Company Ltd has been working with Golden Dawn Minerals Inc. to advance it’s May-Mac mine project.
VANCOUVER, BRITISH COLUMBIA – (Marketwired – Jan. 22, 2016) – Discovery Ventures Inc. (TSX VENTURE:DVN)(FRANKFURT:0DV)(OTCQX:DTVMF) (“Discovery”) is pleased to announce that it has entered into a debt settlement agreement with Genex Mining Company Ltd. (“Genex”) whereby Discovery will settle a judgment in the amount of $900,000 Genex obtained against the Company’s wholly-owned subsidiary, FortyTwo Metals Inc., through the payment of $450,000 and the issuance of 1,666,667 common shares of the Company at a deemed price of $0.15. All securities issued in the debt settlement are subject to a statutory hold period expiring four months and one day after the issuance of the common shares. The proposed debt settlement is subject to the approval of the TSX Venture Exchange.
Genex Mining has acquired an option on a former producing Silver, Lead and Zinc mine near Silverton B.C. After obtaining required permits, Genex Mining rebuilt some of the surface infrastructure, completed 1220 meters of tunnel rehabilitation, which included mucking caves, timbering and bolting. Next phase to include diamond drilling.
Genex Mining Company Ltd. has successfully completed a Track Drifting and Diamond Drill Station Excavation contract for Ampex Mining Ltd at Prophecy Platinum’s Wellgreen Project, Yukon. The project was started and March of 2012 and successfully completed in May of 2012.
Agreement between Genex Mining and Roca Mines Inc.
Genex Mining to commence underground mine development and supervision contract for Roca Mines.
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(l-r back row) Pierre Gratton, President & CEO, MABC; Lloyd Addie; Bob Chambers, VP, Environment & Sustainability, Roca; Robert Jomphie; Mark Sinclair; Honourable Randy Hawes, Minister of State for Mining; Al Linden, MAX Mine Manager; John Mirko, Roca; Ray Hascarl, Galena Construction; John Baker, Roca; Brian Mills, Genex Mining; Paul Albers, Roca (l-r front row) Bob Bourdon, Scott Broughton, President & CEO Roca Mines Inc
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