Month: March 2013

El Tigre Silver Corp. Announces Private Placement

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. Closes Private Placement

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.

Mammoth Receives Additional Assay Results from Samples Taken from Tenoriba Property

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).

Tarsis Acquires Mexico and Nevada Gold Properties from Almaden

Tarsis Resources Ltd. is pleased to announce that it has signed a non-binding Letter of Intent with Almaden Minerals Ltd to acquire a 100% interest in four gold/silver properties located in Nayarit and Jalisco, Mexico and two gold properties in Nevada, USA. Work is underway to consummate the acquisition through a formal agreement.

GoGold’s Parral Pre-Feasibility Study Filed on SEDAR

GoGold Resources Inc. is pleased to announce the filing of a technical report in respect of the Company’s Parral Tailings Project in Chihuahua, Mexico entitled “National Instrument 43-101 Independent Technical Report on the Parral Tailings Project Chihuahua, Mexico Held By Grupo Coanzamex S.A. De C.V., A Subsidiary of GoGold Resources Incorporated and with an effective date of February 20, 2013. The Technical Report supports the scientific and technical disclosure in the Company’s news release dated February 21, 2013, announcing the results of an independent pre-feasibility study on the Parral Tailings Project. The Technical Report is available at www.sedar.com.

Riverside Completes Final Earn-In Requirements and Obtains One-Hundred Percent Ownership of Penoles Project in Durango, Mexico

Riverside Resources Inc. is pleased to announce that the Company has completed final earn-in requirements to the underlying concession holder for the Penoles Project, located in Durango, Mexico. In making the final cash and share payments Riverside has satisfied all terms of the option with its Mexican partner to earn its 100% interest in the Penoles Project.

Catalyst to be Granted Option to Purchase La Verde Project

Catalyst Copper Corp. announces that it has received a letter dated March 1, 2013, from an affiliate of Teck Resources Limited offering to grant Catalyst’s wholly owned Mexican subsidiary, Minera Hill 29 S.A de C.V. the option to acquire Teck’s interest in the La Verde property. The Purchase Option is subject to Teck, Catalyst and Minera Hill negotiating and signing a binding agreement by April 2, 2013, and is subject to TSX-V approval.

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