Day: June 26, 2012

Silvermex Securityholders Approve Plan of Arrangement With First Majestic

First Majestic Silver Corp. and Silvermex Resources Inc. are pleased to announce the positive results from the Silvermex annual general and special meeting held today in Vancouver, Canada. Silvermex shareholders, warrantholders and optionholders overwhelmingly voted in favour of the previously announced plan of arrangement whereby First Majestic will acquire all of the issued and outstanding common shares of Silvermex.

Bullets and Blood: The High Price of Anti-Mining Resistance in San José del Progreso, Mexico

On the evening of Saturday, June 16 two environmental activists and human rights defenders were with friends in front of city hall on the main street of San José del Progreso, Mexico. Suddenly a red Dodge Ram pickup truck drove by, spraying them with bullets. Bertín Vásquez Ruiz was shot in the abdomen and Guadalupe Vázquez Ruis took bullets in his leg and hand. Both are members of the Coalition of United Peoples of the Ocotlán Valley (CPUVO), which has been actively protesting the presence of Canadian Fortuna Silver Inc.’s Trinidad/Cuzcatlán mine in their community south of Oaxaca city, Mexico.

MacMillan Expands The Drilling Program At Las Cucharas Gold And Silver Project In Mexico

Mr. Thomas Skimming, CEO of MacMillan Minerals Inc. is pleased to announce that the Company has expanded the diamond drilling program at the Las Cucharas Gold and Silver Project in Mexico. Mr. William Hamilton, P. Geo., Manager of Exploration, is a Qualified Person under the meaning of National Instrument 43-101 and is responsible for all technical information contained in this news release.

Tara Minerals Acquires 100% of Champinon Iron Ore Property

Tara Minerals Corp. is pleased to announce that it has acquired 100% of the title to the Champinon iron ore property in Mexico for $2,175,000 plus any applicable Added Value Tax. The previous agreement with the vendor included a royalty of $5 per tonne of iron ore sold. Under the acquisition agreement, this royalty has been eliminated and should result in substantially improved operating margins. Owning Champinon 100% gives Tara’s experienced team the opportunity to better manage future work programs and their costs.

Source Expands Las Minas Land Position to Include On-Strike Continuation of Gold-Silver-Copper Skarn Discovery

Source Exploration Corp. is pleased to announce that its wholly-owned Mexican subsidiary Roca Verde Exploration de Mexico has acquired through staking the San Valentin concession. The concession, which is located approximately 2.0 kilometers south of the Las Minas property, contains 345.18 hectares and hosts a skarn system with high-grade magnetite as well as gold, silver and copper mineralization. Surface exploration shows the gold – silver – copper bearing skarn discovery at Las Minas trends onto the new property.

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