Day: January 24, 2013

Prospero Silver Signs Option Agreements for Baborigame Sucara and Dos Amigos Claims

Prospero Silver Corp. is pleased to announce that it has signed option agreements enabling it to earn 100% of two additional claims, Sucara (71.53 hectares) and Dos Amigos (90.39 hectares), within the northern Cebollas target area of the Baborigame district. With these agreements in place the Baborigame district claim block is essentially 100% controlled and covers all exploration targets identified in the project area. Drilling is anticipated to commence in February.

Alamos Responds to Aurizon Directors’ Circular

Alamos Gold Inc. announced today that it has reviewed the Director”s Circular issued by Aurizon Mines Ltd. on January 23, 2013 in response to the offer by Alamos to purchase all of the outstanding common shares of Aurizon.

London Mining beats its full-year production target

Iron ore miner London Mining Plc said full-year production beat its expectations, helped by increased productivity in the fourth quarter, and added that it was on track to expand capacity at its Sierra Leone mine.

Silver Sun adds Strategic Advisor to advisory board

Silver Sun Resource Corp. is pleased to announce that it has added Sung Ha (John) Kim to the Company’s advisory board. Mr. Kim will act as a communications liaison between the Company and the South Korean market.

Fortuna Silver Mines signs Acquisition and Option Agreement for the Taviche Oeste Concessions surrounding the San Jose Mine, Mexico

Fortuna Silver Mines Inc. is pleased to announce that Compania Minera Cuzcatlan S.A. de C.V. (wholly owned subsidiary of Fortuna Silver Mines Inc.) and Plata Pan American S.A. de C.V. (wholly owned subsidiary of Pan American Silver Corp.) have entered into an acquisition and option agreement for the 6,254 hectare Taviche Oeste Concessions immediately surrounding the San Jose Mine in Oaxaca, Mexico. Cuzcatlan will purchase a 55% undivided interest in the Taviche Oeste Concessions for a cash payment of US$4.0 million. Once a production decision is made to develop ore from the Taviche Oeste Concessions, Cuzcatlan will purchase the remaining 45% undivided interest in the property for US$6.0 million. Plata Pan American will retain a 2.5% net smelter royalty on ore production from this property. The transaction is expected to close January 30th 2013.

Silver Bull Intersects 10.83% Zinc Over 40.30 Meters Including 16.67% Zinc Over 23.25 Meters On The Sierra Mojada Project, Coahuila, Mexico

Silver Bull Resources, Inc. is pleased to announce the drill results for the second of five batches of drill holes from the underground drill program twinning a series of “long holes” in the high grade zinc zone situated below and adjacent to the high grade silver zone, located at the eastern end of the Shallow Silver Zone on the Sierra Mojada Project in Coahuila, Northern Mexico.

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