Canasil Resources Inc. announces a non-brokered private placement of up to 5,000,000 units at an exercise price of $0.20 per unit for total proceeds of up to $1,000,000. A commission or finders fee may be paid with respect to all or part of this placement. The terms of the placement are subject to acceptance by the TSX Venture Exchange.
Local media reports that landholders from the local community of Ejido have voted to expel MAG Silver (MAG-T) from its Cinco de Mayo property in Mexico and ban mining in the area for 100 years have sent shares in the mining company down by about 12%.
Kimber Resources Inc. has announced its financial results for the three months ended September 30, 2012. All amounts in this news release are in Canadian dollars. The Company’s unaudited condensed consolidated interim financial statements have been prepared in accordance with International Financial Reporting Standards. Kimber’s condensed consolidated interim financial statements and management’s discussion & analysis for the three months ended September 30, 2012 are now available on SEDAR at www.sedar.com and on EDGAR at www.sec.gov/edgar.com .
MAG Silver Corp. (MAG), which explores for precious metals in Mexico, fell the most in almost four years after saying it was expelled from a project in Chihuahua state.
Oro Mining Ltd. announced today that it has received Mexican federal government approval of its Environmental Impact Statement, and has commenced pre-construction activities on its 100% owned La Trinidad project. Construction is planned to have a duration of ten months with gold production shortly thereafter. Also, the Board of Directors have approved a name change of the Company from Oro Mining Ltd. to Marlin Gold Mining Ltd., marking a new era for the Company. Effective immediately, the outstanding common shares will trade under the stock symbol “MLN” on the TSX Venture Exchange. The new CUSIP number for the Company’s shares is 571175108. A new website is being designed and when ready will be available at www.marlingold.com .
Geologix Explorations Inc. wishes to provide an update on the status of the Company’s current pre-feasibility study from its Tepal gold-copper project in Michoacán state, Mexico.
MAG Silver Corp. On Monday afternoon, MAG issued a press release responding to reports from local media in Mexico that landholders from the local community of Ejido Benito Juarez voted during an assembly meeting on the evening of Saturday, November 17, to expel MAG from its Cinco de Mayo property and establish a 100 year mining moratorium over the area. This press release is being issued to provide further detail surrounding the events of November 17 and the actions being taken by MAG to protect its interests.
Santacruz Silver Mining Ltd. is pleased to report results from the first 7 holes of an ongoing 6,000 meter diamond drill program at its 100% owned Gavilanes Silver project in Durango, Mexico. This first drill program is designed to test three of seven known silver-bearing veins and a stockwork area within the 7,347 hectare property.
War Eagle Mining Company Inc. proposes to raise up to $500,000 by way of a non-brokered private placement offering of units of the Company.
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