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.
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.
Agreement between Genex Mining and Roca Mines Inc.
Genex Mining to commence underground mine development and supervision contract for Roca Mines.
Update: Genex crews have surpassed 4000m of combined decline and lateral development for Roca Mines’ MAX molybdenum mine in Trout Lake. Earlier, Genex completed the 1,403m adit tunnel for Roca.
Recent equipment purchases include: 1998 Toro 007, 1994 E JC 210, 1994 Two-Boom Electric/Hydraulic Jumbo, 1990 1504 Rock truck, Scissorlift and 2008 Bazooka Diamond Drill.
UPDATE- Max mine contract: Genex Crews have excavated 2200m. of combined decline and lateral underground development.
6/1/2008- Genex completed the 1402m #2adit tunnel for Roca Mines Inc.