Day: November 28, 2012

Red Tiger Mining Inc. today reported that the quarterly unaudited Condensed Interim Consolidated Financial Statements and Management’s Discussion and Analysis report for the three and nine months ended September 30, 2012 have been filed on SEDAR, www.sedar.com and on the Company’s website, www.redtigermining.com .

NWM Mining Corporation is pleased to announce that it has engaged Sunel Securities Inc. as lead agent on a best efforts basis in connection with a proposed private placement of up to 160,000,000 units at an issue price of 0.05 per unit for gross proceeds of up to 8,000,000. Each Unit will consist of one common share and one whole common share purchase warrant. Each Warrant will entitle the holder, on exercise, to purchase one common share at 0.10 for a term of 48 months from the closing date. The proceeds of the Offering will be used to ramp up production at the Lluvia-Jojoba project, to conduct exploration and expand resources and to pay down existing debt as well as for general working capital purposes.

Southridge Enterprises Inc. is pleased to announce today that Southridge Minerals, Inc., its wholly owned subsidiary, has now engaged new OTCBB up-listing consultants and investment firm Magna Group Capital Management, LLC. Magna will coordinate leading professional services and utilize established industry contacts to substantially reduce the timeline to complete the up-listing process. Magna has also has committed up to $5,000,000 in capital funding for the Company upon completion of the up-listing process.

As a fastidious observer of the mining industry at large, I have detected what I believe is a particularly promising investment opportunity in a segment of the industry that receives little fanfare. By facilitating the discoveries and mineral expansions that directly drive growth and development, the providers of contract drilling services have a key role to play in the long-term bull market for copper, gold, coal, and a host of mined commodities. Of those service providers, Major Drilling is a very major force with a worldwide fleet of more than 700 rigs.

Last week Geologix Explorations announced they are now evaluating a new engineering concept and an alternative processing procedure for their flagship Tepal gold-copper project in Michoacan state, Mexico.

Paramount Gold and Silver Corp. is trading 1.7% higher after reporting results from four additional holes into the growing La Bavisa target on the company’s 100%-owned San Miguel Project in Mexico.

Cerro Resources NL reports that its shareholders have approved the grant of 1,500,000 options to one of its executive officer. The options will be exercisable at a price of $0.17 until December 31, 2014.

Golden Minerals Company today announced that Jerry W. Danni, Executive Vice President of Golden Minerals Company, has resigned from his position effective November 30, 2012 to pursue another career opportunity.