Primero Announces Appointment of H. Maura Lendon as Vice President, Chief General Counsel and Corporate Secretary is pleased to announce the appointment of H. Maura Lendon as Vice President, Chief General Counsel and Corporate Secretary, effective immediately.
The management of Arianne Resources Inc. is pleased to announce that Arianne has been ranked the 4th best performing mining company in the TSX Venture 50(R) for 2012. Arianne formally received the award yesterday at the TSX Venture 50(R) Spotlight event, recognizing the Company as one of the Top 50 on the TSX Venture Exchange in Toronto.
Southern Silver Exploration Corp. reported today that newly received assays results continue to extend both the on-strike and depth projection of high-grade silver-polymetallic mineralization at the Blind and El Sol zones on the Cerro Las Minitas project, located in Durango State, Mexico.
Canasil Resources Inc. announces that MAG Silver Corp. has completed 8 additional drill holes on the Esperanza Vein at Canasil’s La Esperanza silver-zinc-lead project in Durango and Zacatecas States, Mexico. These holes were blind step-outs on projection of the vein located 400 metres northwest, 350 metres southeast and 1,000 metres southeast of the previously drilled high-grade ore shoot, which returned very encouraging silver, zinc and lead intercepts in MAG’s initial 3 drill holes, previously reported on February 22, 2012, as well as in previous drilling by Canasil. The latest holes did not intercept the vein, most probably due to apparent post-mineral faulting that has displaced the vein, which will be investigated in future exploration and drilling. MAG interprets the large aeromagnetic anomaly observed in the Esperanza vein zone, measuring approximately 5 kilometres by 3 kilometres, as a possible signature of a significant mineralized system which will continue to be explored.
Oremex Gold Inc. is pleased to announce additional rock sampling results from its 100% owned Cerro del Oro gold project, located in the Melchor Ocampo mining district in northern Zacatecas State, Mexico. Furthermore, rehabilitation of two underground workings to facilitate the commencement of an underground drilling program is currently underway.
Paramount Gold and Silver Corp. today reported more high grade assay results from its Don Ese North deposit located less that 1 km east of the Guadalupe underground mine operated by Coeur d’Alene Mines Corporation. The Don Ese high-grade gold and silver deposit was discovered by Paramount on its 100%-owned San Miguel Project in Mexico in December, 2010.
Goldex Resources Corp. is pleased to announce that on April 2nd, 2012 the Company closed a private placement for gross proceeds of $196,500. The Company sold 3,930,000 Units at a price of $0.05 per Unit. Each Unit consists of one common share of the Company and one transferable common share purchase warrant. Each Warrant will entitle the holder thereof to purchase one Share at a price of $0.10 for a period expiring one year from the date of issuance. The Company paid finders’ fees totaling $9,800 and 196,000 brokers warrants to Loeb Aron & Company Ltd. and Canaccord Genuity Corp. All securities issued in connection with the Offering are subject to a statutory hold period expiring August 3rd, 2012 in accordance with the applicable securities legislation.
First Majestic Silver Corp. and Silvermex Resources Inc. are pleased to announce that they have entered into a definitive agreement pursuant to which First Majestic has agreed to acquire all of the issued and outstanding common shares of Silvermex for a consideration of 0.0355 common shares of First Majestic and C$0.0001 in cash per common share of Silvermex. The offer values Silvemex at approximately C$0.60 per share, representing a premium of approximately 33% to the closing price of Silvermex as at April 2, 2012 and approximately 43% to the 30 day volume weighted average price. The transaction will be implemented by way of a plan of arrangement under the Business Corporations Act (British Columbia).
International Northair Mines Ltd. (TSXV: INM) (the “Company” or “Northair”) is pleased to announce the appointment of Dr. Frederick T. Graybeal to the Company’s Advisory Board.
American Consolidated Minerals Corp. is pleased to report that it has met all of the terms of its agreement with Sparton Resources Inc. and has completed the acquisition of Sparton’s 50% interest in the 500-hectare Sierra Rosario Property located in the state of Sinaloa, Mexico. International Northair Mines Ltd. is the owner of the other 50% of Sierra Rosario and the project operator.
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