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 $0.20 per unit , a 33.3% premium to the current market price. Each Unit will be comprised of one common share of the Company and one-half common share purchase warrant . Each Warrant will entitle the holder to [...]
Para Resources Inc. is pleased to announce that an NI 43-101 Technical Report on the Gold Road Mine and surrounding mineral claims under the control of Para has been filed on SEDAR and is available for review. Some selected highlights from the report: The Gold Road Mine has an excellent historic resource base that is expected to be upgraded with additional development. There are several significant exploration targets [...]
Para Resources Inc. is pleased to announce that it has entered into agreements with multiple parties to secure access to additional mineral claims and historic mines adjacent to the Gold Road Mine and Mill in the Oatman Mining District in Northwestern Arizona. Many of these mines stopped production in 1942 due to the US war effort and were never restarted. They were producing from high-grade underground veins at that [...]
Para Resources is pleased to announce that production at the El Limon Mine in Zaragoza, Colombia, recommenced on November 15th, 2017. The original start up at El Limon occurred in May/June of 2017, after a US$ 7 million rehabilitation and plant upgrade. That initial planned production ramp up was hampered by a through-put constraint at the filter press. This bottleneck prevented production from ramping up to the design [...]
Para Resources is pleased to announce that it has engaged Perfotec S.A.S. of Medellin, to commence a drilling program on the El Limon project to twin 3 historic diamond drilling holes completed 1997 and 1998 and to drill four other off set holes in the same formation. The drilling program will be completed in two phases as follows: Phase 1 5 holes along a centerline every 50m Estimated drilling depth 700m total 3 holes [...]
Para Resources is pleased to announce that it has engaged RPM Global USA, to provide the following for the Gold Road Mine in Oatman, Arizona: ● A Report on the Gold Road mill including an assessment of the condition of the mill and the requirements for refurbishing the mill to operational status. ● A Report on the trade-off study between decline haulage and the construction of a small diameter shaft hoist. ● A Report on the evaluation of the proposed modified shrink stope mining method proposed by Gold Road Mine and other mining methods that may be applicable to the Gold Road vein... [...]
Para Resources is pleased to provide the following project updates: Gold Road, Arizona Para CEO, Geoff Hampson, states, "The acquisition of the assets of the Gold Road Mine was completed in August allowing Para to transfer permits and to consolidate our claim holding in the Oatman District. This is a rich historic gold mining area that has millions of ounces produced over the last century. For the first time, four of [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 23, 2017) - THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES. Para Resources Inc. (the "Company" or "Para") (TSX VENTURE:PBR)(WKN:A14YF1)(OTC PINK:PRSRF) is pleased to announce that the TSXV has accepted for filing the Company's asset purchase agreement [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 8, 2017) - THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES Editors Note: There are two photos associated with this press release. Para Resources Inc. (the "Company" or "Para") (TSX VENTURE:PBR)(WKN:A14YF1) is pleased to announce that it has entered into an [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 19, 2017) - THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES. Para Resources Inc. (the "Company" or "Para") (TSX VENTURE:PBR)(WKN:A14YF1)(OTC PINK:PRSRF) is pleased to announce that it has closed the final tranche of its non-brokered private placement (the [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 8, 2017) - THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES Para Resources Inc. (the "Company" or "Para") (TSX VENTURE:PBR)(WKN:A14YF1)(OTC PINK:PRSRF) is pleased to announce that during the month of May 2017, the El Limon mill was re-commissioned after an [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 2, 2017) - THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES Para Resources Inc. (the "Company" or "Para") (TSX VENTURE:PBR)(WKN:A14YF1)(OTC PINK:PRSRF) has closed on an aggregate of $2,389,075 in the first two tranches of its non-brokered private placement [...]
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