Month: September 2012

Bandera Gold Ltd. announced today it has signed a non-binding Letter of Intent with Minera San Jorge, S.A. de C.V., a Mexican corporation, and its affiliates to settle the existing disputes for the mining properties located in Mexico referred to as the Cinco Minas and Gran Cabrera properties, whereby the Company will sell its interest in the Properties to MSJ for a minimum of US $6,500,000. The Company negotiated the Letter of Intent with MSJ using a third-party facilitator.

Orko Silver Corp. is pleased to announce that a field exploration program has commenced on the Esmeralda Targets area of the La Preciosa Silver-Gold Project in Durango, Mexico. The Esmeralda Targets area, located 12 kms northwest of Orko’s La Preciosa deposit, consists of a series of major fault controlled blocks, with three historic mining workings called El Cristo, La Blanca and La Esmeralda.

Mexican mining firm Grupo Mexico said on Tuesday it had filed a motion against a ruling by the Delaware Supreme Court, which had ordered it to pay around $2 billion to Southern Copper Corp over an asset sale.

Oroco Resource Corp. is pleased to provide an update on the mapping and sampling program currently underway on its 100% owned Xochipala Property in Guerrero State, central Mexico.

Xtierra Inc. today announced the results of a 2,032 metre 9-hole programme of infill drilling on the main Bilbao deposit. The objectives of the campaign were to check grade variability and to increase confidence in the resource blocks that would be mined within the first three to four years of underground production.

Paget Minerals Corp. announced today that it has entered into an option agreement with Sundance Minerals Ltd. whereby Paget can earn up to a 60% interest in the San Ricardo Gold-Silver Project located within the prolific porphyry and epithermal gold-silver-copper belt of northern Sonora State, Mexico.