Month: January 2013

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).

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.

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.

Silver Standard Resources Inc. announced 2012 production at the Pirquitas mine in Jujuy, Argentina and provided production and cost guidance for 2013.

Alamos Gold Inc. today reported record fourth quarter and annual gold production, achieving its production guidance for the year of 200,000 ounces of gold. The Company also provided guidance on 2013 production and operating, development and exploration budgets.