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Last C$1.58 CAD
Change Today -0.07 / -4.24%
Volume 15.0K
BCN On Other Exchanges
As of 9:50 AM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

bacanora minerals ltd (BCN) Snapshot

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bacanora minerals ltd (BCN) Details

Bacanora Minerals Ltd., a development stage company, engages in the identification, acquisition, exploration, and development of industrial mineral properties in Mexico. It has 100% interests in the Magdalena Borate Project that consists of 2 concession blocks covering a total of 15,508 hectares and is located in Sonora State; and the Sonora Lithium project, which comprises four separate concession blocks covering an area of 4,050 hectares and is located in Sonora State. The company is headquartered in Calgary, Canada.

bacanora minerals ltd (BCN) Top Compensated Officers

Chief Executive Officer
Total Annual Compensation: --
President and Director
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Chief Financial Officer, Corporate Secretary,...
Total Annual Compensation: --
Compensation as of Fiscal Year 2013.

bacanora minerals ltd (BCN) Key Developments

Bacanora Minerals Ltd. Provides an Update of Activities on the Sonora Lithium Project

Bacanora Minerals Ltd. provided an update of activities on its wholly owned La Ventana concession as well as on concessions held by Mexilit S.A. de C.V. and Megalit S.A. de C.V., companies owned 70% by Bacanora and 30% by Rare Earth Minerals PLC in Sonora, Mexico. A total of 2,100 metres have been drilled in 14 in-fill holes on La Ventana, a further nine holes remain to be drilled in the ongoing program. Intercepts of the Upper Clay range from 26.1 to 50.8 metres in length and those for the Lower Clay range from 12.98 to 22.5 metres on La Ventana. Analyses received for the first three holes indicate that weighted averages for lithium content in the Upper Clay Unit varies from 955 ppm over 41.6 metres (hole LV-19) to 2,264 ppm Li over 7.75 metres (hole LV-21); for the Lower Clay Unit lithium content varies from 1,618 ppm over 23.84 metres to 2,649 ppm over 12.80 metres. Individual 1.5 metre long samples of clay range up to 5,130 ppm Li. Mexilit S.A. de C.V. (El Sauz and Fleur concessions): Drill hole ES-42, a hole that was sited to target further possible expansion in mineral resources, intersected 7.8 metres of the Upper Clay Unit at a depth of 16 metres below surface and 23.0 metres of the Lower Clay Unit at 38.7 metres below the surface. The intercepts from hole ES-42, represents an additional mineral resource target area, which Bacanora intends to pursue through further drilling. The proximity of this new discovery to the current mineral resource on La Ventana and El Sauz and Fleur, may allow it to be included as part of the mine planning and mine design work currently being carried out. Minera Megalit S.A. de C.V.(Megalit, Buenavista and San Gabriel concessions): First stage reconnaissance geological mapping, prospecting and sampling on the Megalit ground continues on the property.

David Lenigas Joins Bacanora Minerals Ltd as Non-Executive Director

Rare Earth Minerals Plc announced that REM's Chairman, David Lenigas, has joined the board of directors of Bacanora Minerals Ltd. as a non-executive director with immediate effect.

Bacanora Minerals Ltd. Enters into an Agreement with St. Brides Partners Ltd. to Provide Financial Public and Investor Relations Services to Bacanora

Bacanora Minerals Ltd. announced that, it has, subject to regulatory acceptance, entered into an agreement with St. Brides Partners Ltd. to provide financial public and investor relations services to Bacanora. The appointment of SBP is in line with the company's strategy to maintain an active dialogue with its shareholders. Over the past 14 years, SBP has proven its ability to deliver transparent, intelligent and compelling strategies through its integrated PR, IR, marketing and communication programmes, targeting both financial and trade publications, which add value, provoke action and provide visibility to its clients. SBP does not have any interest directly in the Company or its securities, or any right to acquire such an interest. SBP will be responsible for activities involving the company's communications strategy to ensure that the company's strong investment case, and its projects' strong fundamentals are understood across the investment community and media. Amongst other activities, its role will include the dissemination of corporate information, the development of corporate presentations and continued communication and engagement with journalists, brokers, analysts and investors, and handling shareholder enquiries regarding the company. Pursuant to the agreement, SBP will receive a monthly retainer of GBP 3,000, and will be reimbursed for approved expenses. The agreement, which is subject to approval by the TSX Venture Exchange, may be terminated after a minimum six month period by either party on three month's written notice to the other party.


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