Month: January 2013

Generan mineras mil 800 empleos en Zacatecas

“Zacatecas es un buen lugar para hacer negocios con la minería”, afirmó Jaime Lomelín Guillen, presidente del Clúster Minero (Clusmin), durante su primera sesión anual, toda vez que a la fecha existe un seguimiento a 32 empresas proveedoras de la minería con interés de establecerse en el estado

Westridge Resources Cancels Jazzy Claims Option

Musgrove Minerals Corp. announces that Westridge Resources has canceled the Jazzy claims option agreement for the project in Sinaloa, Mexico originally announced on October 3, 2012.

Sierra Metals Announces Update On Litigation With Polo Y Ron Minerals

Sierra Metals Inc. reports that the State Court of Chihuahua, Mexico has overturned a previously announced resolution of the 8th Civil Court of the Judicial District of Morelos in Chihuahua (the ¡°8th Civil Court¡±), which absolved the Company from the claims brought against it by Polo y Ron Minerals, S.A. de C.V. The State Court has ordered the Company to: (i) transfer 17 mining concessions relating to its Bolivar project to P&R; and (ii) pay USD$422,674 to P&R.

Patriot Minefinders Appoints Mr. John LaGourgue to Board of Directors

Patriot Minefinders (Patriot) is pleased to announce theappointment of Mr. John LaGourgue to the companys Board ofDirectors, effective Jan 22, 2013. Patriots current board ofdirectors is comprised of Fred Tejada, Fred Sveinson, JohnSchweitzer, Justin Blanchet, Michael Hofer, Perparim Alikaj andJohn LaGourgue.

Bacanora Announces Preliminary Economic Assessment for La Ventana Lithium Deposit Estimated at U.S.$848 Million NPV (@8% Discount), Including Additional 16.8M Tonne Lithium Resource Estimate

Bacanora Minerals Ltd. is pleased to announce the results of a positive Preliminary Economic Assessment on the Company’s La Ventana Lithium Deposit in Sonora, Mexico. In addition, Company announces the disclosure of new inferred lithium resources, which are estimated at 16,829,000 tonnes averaging 2,557 ppm Li (1.3% Lithium Carbonate Equivalent, “LCE”(1)), bringing the total for estimated inferred resources for the Project to 60 million tonnes averaging 3,000 ppm Li (1.6% LCE or 930,000 tonnes LCE).

Camino Minerals Corporation Grants Stock Options

Camino Minerals Corporation reports that the Company has granted 1,540,000 incentive stock options to directors, officers, employees and consultants of the Company. The stock options are exercisable for a period of five years at an exercise price of $0.10 per share. The options were granted under and are subject to the terms and conditions of the Company’s Stock Option Plan.

VVC Exploration Closes Subscriptions on $958,500 Financing

VVC Exploration Corporation is pleased to announce that it has closed subscriptions for a previously announced non-brokered private placement. Subscriptions received aggregate $958,500 and represent 19,170,000 units of the Company at a price of $0.05 per Unit, exceeding the target of $850,000. Each Unit consists of one common share and one common share purchase warrant of the Company. Each Warrant entitles the holder to purchase one additional common share of the Company at $0.12 per share for 1 year and thereafter at $0.18 per share until 2 years after closing.

Baja Mining Provides Boleo Project Financing Update

Baja Mining Corp. has been informed by Minera y Metalurgica del Boleo, S.A.P.I. de C.V. that, as of January 15, 2013, Kores has advanced an additional US$115 million to MMB for continued construction of the Boleo project.

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