Canarc Closes Final Tranche of Non-Brokered Private Placement
January 21, 2013
Canarc Resource Corp. announces that it has closed the final tranche of its previously announced non-brokered private placement.
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Canarc Resource Corp. announces that it has closed the final tranche of its previously announced non-brokered private placement.
War Eagle Mining Company Inc. has entered into an agreement dated January 11, 2013 with Toronto-based Andromeda Resources Inc., which is a private company incorporated in Ontario. The agreement contemplates that pursuant to a so-called “triangular merger” the shareholders of Andromeda (other than War Eagle) will exchange each issued and outstanding common share of Andromeda held by them for 0.897 common shares of War Eagle such that the shareholders of War Eagle on the effective date of the merger will own approximately 80% of the outstanding shares of War Eagle and the shareholders of Andromeda (other than War Eagle) will own the remaining 20%. Andromeda will continue as a wholly-owned subsidiary of War Eagle.
Sierra Metals Inc. is pleased to announce its 2012 annual and fourth quarter production results and to issue production guidance for 2013.
Noront Resources Ltd. announced today that its board of directors received the resignation of Wes Hanson as President, Chief Executive Officer and a Director of Noront. The Board has appointed Paul Parisotto to act as interim President and Chief Executive Officer and has begun a search to identify a permanent President and Chief Executive Officer. Ted Bassett has been appointed lead director during the period of Mr. Parisotto’s appointment as interim President and Chief Executive Officer.
Mammoth Resources Corp. is pleased to report that it has received assay results from samples taken from its first two exploration campaigns by its geological team exploring the company’s Tenoriba Property, located in the prolific Sierra Madre precious metal belt in south western Chihuahua state, Mexico. The best result from this campaign assayed 23.6 grams per tonne (gpt) gold and 62.1 gpt silver, or 24.84 gpt gold equivalent (using a ratio of 50 gpt silver is equivalent to 1.0 gpt gold based on current gold and silver prices). This single highest gold assay was followed by 26 other samples that exceeded more than 2.0 gpt gold equivalent, 45 results that exceeded 1.0 gpt gold and 85 samples that were anomalous exceeding 0.3 gpt gold equivalent, of a total of 219 samples collected. Furthermore, many of these samples came from areas where mapping and sampling of similarly altered felsic volcanics and breccia with numerous locations of vuggy silica occurred as much as one kilometre to the northeast and to the southwest of the area of focused exploration and drilling by the previous optionor, Masuparia Gold Corporation (Masuparia), where Masuparia assayed up to 45 grams per tonne gold (please refer to press release dated July 3, 2012 for summary results of the Masuparia work).
Excellon Resources Inc., Mexico’s highest grade silver producer, is pleased to provide an outlook on 2013 exploration plans for the Platosa property, where the Company has been mining high-grade Ag, Pb and Zn massive sulphide mantos since the spring of 2005.
Astral Mining Corporation announces that the annual general and special meeting of the shareholders of Astral will be held on Thursday, January 31, 2013 at Suite 700, 595 Burrard Street, Vancouver, British Columbia at 10:00 a.m. (Vancouver time).
Prospero Silver Corp. is pleased to announce the results of 360 rock chip samples obtained from the Petate West and Petate East target zones of its 6,000 hectare El Petate project. The Apartadero target is part of the Petate West zone, measuring 1.3 km long and up to 200 meters wide and has shown the most anomalous gold geochemistry to date in jasperoid outcrops and float. Mapping of the Petate West zone shows northwest and east-west trending silicified zones associated with andesitic dikes with the same orientation. Mapping and sampling have to date identified the La Escoba, Apartadero and and Tecolotes silicified reefs. Other as yet unmapped reefs are anticipated west of the Apartadero reef and in the southern extension of the Petate West zone.
Several major accomplishments have bolstered a Vancouver junior mining company with operations in Mexico recently, in spite of persistent and tumultuous market conditions.
GoGold Resources Inc. is pleased to announce that it has received final approval from the Toronto Stock Exchange for the listing of 153,437,164 common shares of the Company, of which 128,288,331 Common Shares are issued and outstanding and 25,148,833 Common Shares are reserved for issuance on the exercise of outstanding warrants and options.
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