Mercator Minerals Ltd. (ML), which mines copper in Arizona, is considering options including the sale of a minority stake of about 25 percent in its El Pilar project in Mexico to a partner that would help fund the mines development.
Esperanza Resources Corp. today announced that Mr. Andrew Pooler will be joining the Company in the role of Chief Operating Officer.
Westminster Resources Ltd. announces that diamond drilling of the 3D-IP Montoso
chargeability anomaly, Sonora, Mexico, is in progress. The multiple square kilometer porphyry deposit style of chargeability patterns at Montoso are associated with copper-gold-silver soil anomalies related to well developed iron-oxide (hematite, goethite) and sericite-clay alteration zones and leached cappings.
El Tigre Silver Corp. is pleased to announce a non-brokered private placement for up to 2,000,000 units of the Company at a price of $0.25 per Unit for aggregate cash proceeds of $500,000. Each Unit will be comprised of one common share and one-half of a common share purchase warrant. Each whole Warrant will entitle the holder to acquire an additional common share of the Company for a period of 24 months from the date of issue at a price of $0.38, provided that, if over a period of 20 consecutive trading days after the expiry of the hold period on the warrants, the daily volume weighted average trading price of the common shares of the Company on the TSX Venture Exchange (or such other stock exchange on which such shares are listed) is greater than $0.50, then at the Company’s discretion, it may, within 10 days of such 20 day period, accelerate the expiry date of the Warrants to a date 30 days after the date of the notice.
Catalyst Copper Corp. is pleased to announce today that it has closed the first tranche, of 4,066,667 units for proceeds of $244,000, of its previously announced non-brokered private placement of 10,000,000 units of the Company at a price of $0.06 per unit.
Endeavour Silver Corp. is pleased to announce the appointment of Meghan Brown as Director of Investor Relations, effective immediately.
Fortuna Silver Mines Inc. is pleased to announce updated Mineral Reserve and Mineral Resource estimates as of December 2012 for the Caylloma Mine located in Arequipa, Peru and for the San Jose Mine located in Oaxaca, Mexico.
Mammoth Resources Corp. is pleased to report that it has received additional assay results from samples taken from its geological team exploring the company’s Tenoriba Property, located in the prolific Sierra Madre precious metal belt in south western Chihuahua State, Mexico (refer to the company’s web site www.mammothresources.ca, for a detailed location map).
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