MAG Silver Corp. is pleased to announce a private placement offering of common shares at a per share price of C$9.40 for gross proceeds of approximately C$25 million. The common shares will be subject to a four month hold period. The Offering is being made by a syndicate of agents led by BMO Capital Markets. The Offering is expected to close on or about September 5, 2012.
Highvista Gold Inc. is pleased to report on the results of its Phase Two drill program at the Republicana Target at its 100% owned Canasta Dorada Gold Project, located within the Sonoran Gold Belt, in Sonora State, Mexico.
Scorpio Mining Corporation is pleased to report additional results from drilling along a new trend at its 100% owned El Cajón Deposit near Cosalá, Sinaloa, Mexico. El Cajón is located approximately 13.5 kilometers by road from the 1,500 tonnes per day Nuestra Senora processing plant. The deposit has been the subject of ongoing exploration since 2005 and plans are underway to shorten the road distance from Scorpio’s Nuestra Senora processing plant by approximately 5 kilometers with a new access route.
SilverCrest Mines Inc. is pleased to announce that its common shares have been authorized for listing on the NYSE MKT in New York. The shares will begin trading on the NYSE MKT on August 27, 2012 under the trading symbol “SVLC”. The Companys common shares will continue to be listed on the TSX Venture Exchange under the trading symbol “SVL”.
Kootenay Silver Inc. is pleased to announce that an updated resource estimate performed by SRK Consulting Inc. of Lakewood, Colorado on its Promontorio Silver Project has resulted in a significant increase in the size of Promontorio’s Measured and Indicated mineral resources.
Baja Mining Corp. announces that further to its August 7, 2012 news release, the aggregate US$90 million comprising the Stage I financing which was to have been advanced to MMB by the Korean Consortium by August 20, 2012 under the new standstill agreement has not yet been fully advanced. Baja understands that the Consortium is in discussion with MMB’s lenders.
London, England, Arian Silver Corporation a silver exploration, development and production company with a focus on projects in the silver belt of Mexico, today announced the release of its Management’s Discussion and Analysis and unaudited Financial Statements for the three and six months ended 30 June 2012.
A prefeasibility study into ASX-listed Azure Minerals Promontorio copper/gold/silver project, in Mexico, has demonstrated the technical and economic viability of the project.
IMPACT Silver Corp. is pleased to announce the financial and production results for the second quarter ended June 30, 2012. IMPACT currently operates four underground silver mines (Chivo, San Ramon, Noche Buena and Gallega) and is building two new mines within the 100%-owned, 623 square kilometer (241 square miles) land package in Mexico. The new mines being constructed are the high-grade, underground silver Oscar Mine (which will replace the Chivo Mine) and the open-pit, poly-metallic Capire Mine, both of which are on schedule and on budget. The commencement of production at the new mines will represent the next phase of growth for the Company with the aim to establish IMPACT as a multi-million ounce silver producer.
Mundoro Capital Inc. is pleased to announce that it has executed, through its 100%-owned subsidiary Mundoro de Mexico S.A de C.V, a definitive option agreement for the Centauro Gold Property located in Chihuahua State, Mexico.
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