Sierra Metals Inc. is pleased to report that drilling at the Promontorio Mine of its Cusi property has encountered high grade silver mineralization over wide widths in what the Company believes is a previously-unknown vein within a deeper portion of the mine¡¯s disseminated zone.
Golden Tag Resources Ltd. is pleased to provide an overview of the 2012, Phase 6 drill program.
Catalyst Copper announced the results from the La Verde project’s NI 43-101 Technical Report, including a Preliminary Economic Assessment.
American International Ventures, Inc. has formed its Mexican subsidiary company “Oro De AIVN S.A. de C.V.” to begin its project named the “Motherlode”, a 300 Hectare parcel in the El Alamo mining district, Baja California, Mexico. Oro De AIVN is currently completing the road project to enable the delivery of its mining equipment sitting at the Mexican border awaiting export from San Diego.
Primero Mining Corp. today announced that it has entered into a definitive agreement with Cerro Resources NL whereby Primero will acquire all of the issued and outstanding common shares of Cerro by way of a scheme of arrangement under the Australian Corporations Act 2001. Cerro is an exploration and development company whose principal asset is 69%1 of the feasibility stage Cerro Del Gallo project, a gold-silver deposit with approximately 1.0 million ounces of gold equivalent proven and probable reserves and 2.3 million ounces of gold equivalent measured and indicated resources (inclusive of reserves)2, located in the province of Guanajuato, Mexico.
Kimber Resources Inc. is pleased to announce the filing on SEDAR of its NI 43-101 compliant Technical Report, including the Updated Mineral Resource Estimate for the Carmen Deposit Monterde Project as detailed in the press release issued on October 24, 2012. The Technical Report was prepared by Micon International Limited, with assistance by Kirkham Geosystems Ltd. and Knight Piésold Consulting Ltd. The Monterde project is 100% owned and is located in Mexicos Sierra Madre gold-silver belt.
El sector minero en el estado de Chihuahua reportó una inversión de 741 millones de dólares y generación de 839 empleos directos, según datos de la Dirección de Minería de la Secretaría Estatal de Economía.
Excalibur Resources Ltd. announces that it has arranged a non-brokered private placement of 5,000,000 common shares at $0.30 per share for a total of $1,500,000. Proceeds will be applied to working capital, the Company’s Catanava gold production project in Mexico and for potential acquisitions.
Soltoro Ltd. has awarded 475,000 incentive stock options exercisable at $0.51 per common share to an officer/director of the Company. This grant of options is in compliance with the terms of the Companys Stock Option Plan and remains subject to the acceptance of the TSX Venture Exchange. This grant of options was awarded after the close on December 10, 2012 and has expiry dates of December 10, 2015 to December 10, 2017.
NWM Mining Corporation announces that it has closed the first tranche of a private placement financing resulting in the issuance of 13,500,000 units. Each unit is comprised of a single share priced at $0.05 per share and has a warrant with a 48 month term priced at $0.10 per share. Gross proceeds of $675,000 have been received in connection with this unit financing. The common shares issued in connection with this private placement will be subject to a hold period, ending April 12, 2013, which is four months plus one day from the date of issuance, in accordance with the policies of the TSX Venture Exchange and applicable securities laws. Insiders of the corporation have subscribed for 6.5M units ($325,000 CAD) of this financing. The private placement offering is subject to regulatory approval.
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