Day: December 10, 2012

Excellon rejects claim of irregularities at Mexico mine

Silver miner Excellon Resources Inc rejected a non-governmental organization’s claim that Mexican regulators have found environmental irregularities at its La Platosa mine, which has seen a number of protests over the last six months.

Southridge Minerals Corporate Update

Southridge Enterprises Inc. is pleased to announce today that Southridge Minerals, Inc., its wholly owned subsidiary, wanted to clarify several corporate items. Firstly and with respect to the recent announcement involving Magna Group Capital Management, LLC., the Company has been engaged with Magna regarding their services to facilitate our up-listing process to the OTCBB and has received a term sheet from Magna. The Company is obligated to supply Magna with a number of due diligence items in order to satiate Magna’s requirements to proceed with the up-listing process.

Mexus Gold US Updates

Mexus Trinidad, association operated by Mexus Enterprises S.A. de C.V. has begun its operations on the joint venture properties in the State of Sonora, Mexico. The first objective was to establish the details of the new organization of the two companies Mexus Enterprises S.A. de C.V. and Trinidad Pacifica S. de R.L. de C.V. the company which currently owns the leases and concession rights to the mining properties. This transition is completed and working well.

Orex and Astral Announce Signing of Arrangement Agreement

Orex Minerals Inc. and Astral Mining Corporation announce that further to their joint press release dated October 15, 2012, they have entered into an arrangement agreement which provides for, among other things, the acquisition by Orex of all of the issued and outstanding common shares of Astral by way of a court approved plan of arrangement pursuant to the Business Corporations Act (British Columbia).

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