Mercator Minerals Ltd. today announces that the Board of Directors has unanimously approved the voluntary filing of the Form 15F with the United States Securities and Exchange Commission to terminate its SEC reporting obligations and the registration of its common shares under the Securities Exchange Act of 1934, as amended.
Bacanora Minerals Ltd. is pleased to announce the completion and filing of its previously announced Preliminary Economic Assessment on the Company’s Cajon Borate deposit in Sonora, Mexico. The PEA has been prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects and is entitled, Preliminary Economic Assessment for the El Cajon Borate Deposit, Magdalena Basin Project, Sonora, Mexico (Pursuant to National Instrument 43-101 of the Canadian Securities Administrators), Magdalena de Kino Area (Map Sheet H1205) Sonora, Mexico, Centered at: 30 degrees 30’N, 110 degrees 50’W. The lead author with overall responsibility for the PEA is Carl G. Verley, P.Geo., who is a “qualified person” within the meaning of NI 43-101 and is independent of the Corporation. The co-authors of the PEA are Geoff Allard, P.E., Ramon Salazar Velazquez, Lic. Eng. and Martin Vidal, MSc, Lic. Geo. The PEA has been filed on SEDAR and is also available for download on the Corporation’s website. For further details, please refer to the PEA and the Company’s prior press releases announcing the results of the PEA (dated January 4 and January 7, 2013).
Silver Standard Resources Inc. announced the appointment of two additional directors, Mr. Gustavo Herrero and Mr. Steve Reid, to its Board of Directors. The Board approved the appointments to gain additional expertise in the oversight of operations and development activities in Mexico and South America, key areas of focus for the Company. The appointments are effective January 8th, 2013, and bring the total number of directors on the Board to eight.
Local micro-cap explorer Azure Minerals became the darling of the junior mining sector yesterday, jumping more than 250 per cent after declaring a significant copper hit in Mexico.
Gold Resource Corporation today announced high-grade mineralization at its Las Margaritas property with drill intercepts including 2.85 meters of 27.90 grams (0.89 ounces) per tonne gold and 2600 grams (84 ounces) per tonne silver. Gold Resource Corporation is a low-cost gold and silver producer with operations in the southern state of Oaxaca, Mexico. The Company has returned over $69 million to shareholders in monthly dividends since declaring commercial production July 1, 2010, and offers shareholders the option to convert their cash dividends into physical gold and silver.
Goldcorp Inc. updated its production and cost guidance on Monday evening, and the numbers were clear disappointments. Expected production for 2013 is now 2.55 to 2.8 million ounces, down from the prior forecast of 3.2 million (with a notably low target for the Penasquito mine). Cash costs are forecast at US$700 to US$750 per ounce on a co-product basis, well above the 2012 level of US$645 in ounce.
Sierra Iron Ore Corp. in conjunction with “Aztec Zinc de Mexico S.A. de C.V” has initiated legal action against a neighboring company that owns and operates a mine on adjacent property to the recently optioned Mazomique property that is located south of the El Creston property.
Corex Gold Corp. shareholders at the Extraordinary General Meeting convened earlier today voted to support the approval of the previously announced (November 6, 2012) Option Agreement with Vale Exploraciones Mexico S.A. de C.V., a wholly-owned subsidiary of Vale S.A. wherein Vale may acquire up to a 65% interest in the Company’s Santana Project.
Seafield Resources Ltd. is pleased to announce the appointment of Richard Niels to its technical team as Senior Project Geologist for the Quinchía Gold Project, in the Department of Risaralda, Colombia. Mr. Niels will be responsible for leading the geological program at the Company’s Miraflores Deposit, as the Company progresses the deposit toward feasibility. Mr. Niels will also lead the Company´s current geological exploration program on the Tesorito target, as well as other future exploration opportunities.
Silver Standard Resources Inc. announced 2012 production at the Pirquitas mine in Jujuy, Argentina and provided production and cost guidance for 2013.
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