Mexicos government says it will protect a half-million acres held sacred by the Huichol Indian tribe that inspired a protest movement against a Canadian companys silver-mining concessions in the northern desert.
Esperanza Resources Corp. is pleased to announce that it has closed the previously announced private placement of 24,000,000 special warrants at a price of C$1.25 per Special Warrant for aggregate gross proceeds of C$30 million. The Offering was conducted through a syndicate of agents co-led by Cormark Securities Inc. and National Bank Financial Inc. and including Canaccord Genuity Corp. and Stonecap Securities Inc. The Agents also partially exercised the Agents’ option and sold an additional 3,214,000 Special Warrants at the Issue Price for additional gross proceeds of approximately C$4 million. As consideration for their services in connection with the Offering, the Company has paid to the Agents a cash commission equal to 6% of the proceeds of the Offering.
Precious metals producer Coeur dAlene Mines said on Thursday production has restarted at its Palmarejo mine in Mexico, following a work stoppage that started at the weekend.
Arco Resources Corp. announces that it has closed the sale of the Lachiguiri and Silacayoapan properties to Argentum Silver Corp. in accordance with a settlement and purchase agreement dated May 9, 2012 (see Arco’s news release dated May 10, 2012).
El Tigre Silver Corp. is pleased to provide an update report along with assays from the next three holes from the ongoing Gold Hill core drilling program at its 100% owned El Tigre silver project in Sonora, Mexico.
Coeur dAlene Mines, the Idaho-based precious metals producer, on Wednesday said it did not believe an illegal strike at its Mexican Palmarejo mine would have a material impact on production.
Endeavour Silver Corp. announced today a record shareholder turnout for the Annual General Meeting held yesterday in Vancouver. A total of 63.5 million votes were cast representing 72% of the issued common shares as of the record date for the meeting.
International Northair Mines Ltd. is pleased to report that recent field work has identified a significant geophysical and geochemical anomaly comprising a target measuring approximately 1,400 metres in length at its 50% owned Sierra Rosario silver/gold project, located in Sinaloa State, Mexico.
Serengeti Resources Inc. announces results from the remaining 16 holes of a recently completed 19 hole reverse circulation drill program at the Victoria project, located in Southern Chihuahua State, Mexico. Drilling continued to demonstrate the presence of widespread poly-metallic (gold-silver-zinc+/-lead) mineralization at the Victoria project, which had previously been identified in holes 1 and 2 (see news release dated May 8th, 2012). Hole V13 intersected 1.95% Zn, 0.26% Pb, 0.07 g/t Au, and 5.1 g/t Ag over 24.0 metres. In addition, hole V16 intersected 1.0 g/t Au and 17 g/t Ag over 1.5 metres, and hole V9 intersected 5.31% Zn and 4.0 g/t Ag over a 3.0 metre interval.
American Consolidated Minerals Corp. is pleased to report that recent field work has identified a significant geophysical and geochemical anomaly comprising a target measuring approximately 1,400 metres in length at its 50%-owned Sierra Rosario Silver/Gold Property, located in Sinaloa State, Mexico.
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