Mexican gold miner, Argonaut Gold (TSE:AR), reached a friendly $341-million deal to acquire Prodigy Gold (CVE:PDG), an exploration company that focuses on Eastern Canada.
Orex Minerals Inc. and Astral Mining Corporation announce that they have agreed to merge and form a combined gold and silver exploration and development company, which will focus on the advanced-stage Barsele Gold Project in Sweden, the Coneto Silver-Gold project, and the Los Crestones Gold-Silver-Copper Project in Mexico.
The silver market continues to be a white knuckle ride with volatility being the watch word of the day. The oscillations can be gut-wrenching as we have warned about many times. However, if you have the stomach for it the silver space can be profitable for you. As regular readers will know, our philosophy has been to acquire physical silver as a top priority, followed by a small section of good quality mining shares and finally for those of a more adventurous nature a well thought out strategy in the options sector can give your portfolio a boost.
Golden Tag Resources Ltd. is pleased to provide additional results from its 5,500 meters drill program on the San Diego Property, Durango State, Mexico. Hole SD-12-50A, the fourth hole of the current phase 6 program confirms continuous mineralization over very significant widths in association with mineralized diorite. Further drilling will be needed to establish the exact geometry of this new zone. Additional positive results from other holes of the program were presented in the Company’s news release of September 24, 2012.
Argonaut Gold Inc. (AR.TO) had record gold production of 31,074 ounces during the 3rd quarter ended September 30, 2012. This included 24,575 ounces at its 100% owned El Castillo Mine, which is located 100 km north of the city of Durango, Mexico and 6,499 ounces at its 100% owned La Colorada Mine, which is located 50 kilometers southeast of Hermosillo, Mexico.
Scorpio Mining Corporation (SPM.TO) reported that production in the third quarter ended September 30, 2012 from its Nuestra Senora operations totalled 534,075 silver equivalent ounces.
First Mexican Gold Corp. would like to announce that it has received partial results from the recent drill program with results from its first two step out holes on the Karen zone with two holes yet to be reported. These holes were drilled some 36 meters above the fourth and fifth holes.
Southridge Enterprises Inc. is pleased to announce today that Southridge Minerals, Inc., its wholly owned subsidiary, has signed a definitive agreement with San Dimas Mineria S.A. to acquire a 100% interest in the “La Canita” Gold property, in the state of Durango, Mexico. The Purchase Price for the assets comprising the mineral concessions “La Canita” shall be USD$3,550,000. La Canita is located in the San Dimas mining municipality of Durango, in close proximity to the Sinaloa border.
Mr. George A. Brown, President of MacMillan Minerals Inc., is pleased to announce additional results from the diamond drilling, trenching, and sampling programs 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.
Scorpio Mining Corporation reported that production in the third quarter ended September 30, 2012 from its Nuestra Senora operations totalled 534,075 silver equivalent ounces.
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