Month: July 2012

Kimber Announces $5 Million Bridge Loan Credit Facility

“We are pleased to have closed the $5 million Facility with SRLP at this time,” reported Gordon Cummings, President and CEO of Kimber Resources. “Kimber appreciates this supportive cash funding from the Sprott Group and will continue to advance the Monterde project in the prolific Sierra Madre gold-silver belt in Mexico.”

Tara Minerals – Don Roman District Production Action Plan Under Development

Tara Minerals Corp. is pleased to announce that work is under way to develop a district wide production plan. Tara currently has 100% ownership in over 25,770 acres in the Don Roman district. The first district project to reach commercial production is expected to be the Champinon iron ore property. The cash flow from this initial 2012 production project will be leveraged to mine the known gold, silver, zinc and lead veins within the district.

Arian Silver Corporation – Operations Update

Arian Silver Corporation a silver exploration, development and production company with a focus of projects in the silver belt of Mexico announces its wholly owned subsidiary, Arian Silver de Mexico SA de CV is in dispute with the owner of the toll mill which is contracted to process ore from the trial mining operation at the San Jose mine in Zacatecas State in Mexico; this has resulted in the suspension of milling operations.

Timmins Gold announces Commencement of Drill Program on its Zacatecas Claim Package

Timmins Gold Corp. announces that it has started an initial 5,000 metre core drill program at its San Onesimo project in Zacatecas, Mexico. The San Onesimo project consists of 5 claims covering a surface of approximately 6,400 ha. The project is in a prolific mining district and is located 16 km to the northeast of Goldcorp’s Camino Rojo project and 80 km southeast of Goldcorp’s Penasquito mine.

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