Minera Frisco, owned by billionaire Carlos Slim, has suspended exploration activities in the Las Espejeras region in Tetela de Ocampo, Mexico, due to mounting protests by locals and environmentalists.
Ocean Park Ventures Corp. announces that it has withdrawn from its option agreement with Minaurum Gold Corp. where it was earning an interest in the Adelita copper – gold – silver project in Sonoroa, Mexico. After a thorough review of the available data and drill results, the Company has opted not to make additional payments as required under the option agreement as the project does not meet its geological criteria.
Marlin Gold Mining Ltd. is pleased to announce that it has filed a final long form prospectus with the securities regulatory authorities in each of the provinces of British Columbia, Alberta, Manitoba and Ontario relating to a rights offering. Registered shareholders in the Qualifying Jurisdictions will receive one right for each common share held as at the record date, which has been set as February 21, 2013. Each 1.026 rights entitle the holder thereof to subscribe for one common share at a price of $0.08 per share prior to 4:00 p.m. (Eastern Time) on March 25, 2013. Rights not exercised by that time will be void and have no value.
Golden Goliath Resources is pleased to provide an update of developments on their extensive exploration portfolio in the Uruachic Mining District in the Sierra Madre Gold-Silver Belt of northwest Mexico. The Uruachic Mining District hosts the recently discovered Orisyvo deposit, a 9.6 million ounce gold deposit currently being explored and developed by Fresnillo PLC, one of the world’s largest mining companies.
VVC Exploration Corporation is pleased to announce that following receipt of the final acceptance by the TSX Venture Exchange, the Company has closed its previously announced non-brokered private placement aggregating CA$958,500 representing 19,170,000 units of the Company (“Units”) at a price of $0.05 per Unit. Each Unit consists of one common share and one common share purchase warrant (a “Warrant”) of the Company. Each Warrant entitles the holder to purchase one additional common share of the Company at $0.12 per share until January 24, 2014 and thereafter at $0.18 per share until January 24, 2015.
Almaden Minerals Ltd. is pleased to announce that drilling has recommenced at its 100% owned Tuligtic Project in Mexico. In January 2013 Almaden announced the maiden resource on the Ixtaca Zone of the Tuligtic Project which at a 0.5 g/t AuEq cutoff included Indicated Resources of 2,019,000 AuEq ounces and Inferred Resources of 1,552,000 AuEq ounces. The 2013 drilling program will focus on expanding the resource as well as testing other areas on the 14,000 hectare project considered by management to be highly prospective.
El Tigre Silver Corp. is pleased to report that the drilling program started on January 18, 2013 and is proceeding rapidly with 10 holes completed in a 30 to 40 hole scheduled program. El Tigre is located on concessions that are part of the Company’s 431 square kilometer concession ownership in Sonora, Mexico.
Greg Myers, CEO and President of Caza Gold Corp., is pleased to provide shareholders with the following update of the results of Cazas 2012 exploration and reconnaissance programs and the outlook for 2013.
Canadian mining and metals companies are keeping cost control and project execution top of mind this year as shareholders become more risk averse, says Ernst & Young.
Fortuna Silver Mines Inc. is pleased to have launched a new section of its website devoted to sustainability (http://www.fortunasilver.com/s/sustainability.asp). The Sustainability section offers an overview of the many projects Fortuna is working on to create sustainable value for its employees, their families, and the communities in which we operate.
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