Month: September 2012

Production Commences at Catanava

Excalibur Resources Ltd. is pleased to announce that the explosives have been delivered to the site and startup production has commenced at surface on the Camino vein at its 49% owned subsidiary Minera Catanava S.A. de C.V. According to our JV partner, Don McLeroy, President of Minera Apolo, S.A. de C.V., “On the basis of two blasts and one shift per day, initial production is estimated at 40-60 tons per day. An adit on the Camino Vein has been started in the arroyo east of the plant. Once we are in the adit about 20 or 30 meters, we can put in a couple of raises and start shrinkage stoping, which will furnish enough ore for 3 shifts per day and then we will ramp up production from there.”

Arian Silver Enters SEDA Agreement

London, England, Arian Silver Corporation, a silver exploration, development and production company with a focus on projects in the silver belt of Mexico, is pleased to report it entered into a Standby Equity Distribution Agreement pursuant to which YA Global Master SPV Ltd, an investment fund managed by Yorkville Advisors Global LP, has agreed to subscribe in tranches on an indemnified basis, when requested by the Company over the next three years, for up to £5 million of the Company’s Common shares.

Ternium Investing $4.2B In Mexico Steel Plant

Latin American steel company Ternium SA said Monday it will invest $4.2 billion over the next five years to build a flat steel plant in Mexico to bolster production capacity.

This Miner May Be Primed For Takeover

One gold and silver miner that we believe is a near-term takeout target — possibly before the end of 2013 — is Paramount Gold and Silver (PZG). We highlighted this company a few weeks ago and already it has made a powerful move. The primary reasons we believe the majors are looking at Paramount is that they have known advanced NI 43-101 resources of over 100 million ounces of silver and 4 million ounces of gold at their two properties in mining friendly Nevada and the historic Sierra Madre Trend Mexico.

Lawyers Get $35,000 an Hour — and Shareholders Foot the Bill

Robert Shapiro, litigation partner and head of the White Collar Criminal Defense Group in the firm Glaser Weil Fink Jacobs, Avchen & Shapiro, was named one of the nation’s most prominent attorneys by the NY Times. His list of high profile cases includes the defense of O.J. Simpson.

Excellon Provides Update on Demonstration at La Platosa

Excellon Resources Inc. today reported that an illegal demonstration was held at the Company’s La Platosa Mine in the state of Durango, Mexico by members of the Sindicato Nacional de Trabajadores Mineros Metalúrgicos, Siderúrgicos y Similares de la República Mexicana, affiliated with the United Steelworkers Union, along with members of the Ejido La Sierrita, both of which are advised by the non-governmental organization ProDESC.

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