Month: February 2013

Canadian Mining Reports Progress on San Bernardo Project with Ironwood Gold Corp.

Canadian Mining is pleased to report Ironwood Gold Corp. is accelerating plans for evaluation of the Company’s San Bernardo Project. Canadian Mining entered into an agreement with Ironwood Gold Corp. which grants Ironwood an option to acquire up to 100% of the Raquel 3 and 3B mining concessions owned by the Company’s wholly-owned Mexican subsidiary Canmin Mexico S.A. de C.V., located in the Alamos Mining district of Sonora, Mexico.

NWM Engages U.S. Business Development and Investor Relations Firm

NWM Mining Corporation is pleased to announce that due to a significant increase in the level of interest from the U.S. investment community, the Company has retained the services of USA Investor Link LLC, subject to the acceptance of the TSX Venture Exchange.

Gunpoint Options Cecilia Gold-Silver Project in Sonora, Mexico

Gunpoint Exploration Ltd. is pleased to announce that it has entered into an option agreement with Precipitate Gold Corp. whereby Precipitate can acquire a 100% interest in the four concessions comprising of the Cecilia gold-silver project, in northeastern Sonora state, Mexico.

Santacruz Silver Mining Closes $40,422,500 Bought Deal Common Share Financing

Santacruz Silver Mining Ltd. is pleased to announce the closing of its prospectus offering announced on January 23, 2013 through a syndicate of underwriters led by Canaccord Genuity Corp. and including Raymond James Ltd. and Cormark Securities Inc. The Company issued 19,000,000 common shares at a price of $1.85 per Common Share for gross proceeds of $35,150,000. The Underwriters also exercised their over-allotment option to acquire an additional 2,850,000 Common Shares for additional gross proceeds of $5,272,500. Including the proceeds from the exercise of the over-allotment option, the total gross proceeds of the Offering were $40,422,500. The underwriters received a cash fee equal to 6% of the gross proceeds of the Offering, as well as 1,311,000 warrants, each of which is exercisable to purchase one Common Share for a price of $1.85 for a period of 24 months. Canaccord was issued an additional 60,000 Common Shares as a corporate finance fee.

Ironwood Gold Accelerates Plans for Evaluation of Project in Sonora

Ironwood Gold Corp. in the execution of its business plan to develop a high quality portfolio of exploration properties containing known deposits of gold is pleased to advise it has received a comprehensive plan outlining activities towards the development of an extended N.I. 43-101 compliant evaluation of the Raquel 3 and 3B mining concessions located in in the Alamos Mining district of Sonora, Mexico.

U.S. Antimony Reports Excellent Assays

United States Antimony Corporation announced initial mill feed assays from its Los Juarez silver-antimony-gold property. The assays were 0.728% antimony, 6.22 ounces of silver (193 grams) per metric ton, and 0.023 ounces of gold (0.7 grams) per metric ton and represent 1,415 tons of dump rock mixed with soil from the Minas Grande open pit that was 30 meters deep. There is no assurance that these values will continue in other areas of the property

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