El Tigre Silver Corp. is pleased to report another round of assay results from the 2013 drilling program that was concluded on April 12, 2013. A total of 38 holes were completed and 4,862 metres drilled. This drill program is targeting a 1.2 kilometre stockwork zone on concessions that are part of the Company’s 431 square kilometre ownership in Sonora, Mexico.
Tara Minerals Corp. reports that Yamana Mexico Holdings B.V., a subsidiary of Yamana Gold Inc., has exercised its option to not complete the acquisition of American Copper Mining S.A. de C.V., the holder of the Picacho group of concessions, from its subsidiary, Adit Resources Corp.
Kootenay Silver Inc. is pleased to announce that an updated resource estimate prepared by SRK Consulting (U.S.) Inc. of Lakewood, Colorado incorporating the gold content contained into the mineral resources of its flagship Promontorio Silver Project, due to new metallurgical data and information which supports recovery of gold. This updated resource estimate does not incorporate any drilling completed since the resource estimate announced August 21, 2012.
Argonaut Gold Inc. is pleased to announce its financial and operating results for the first quarter ended March 31, 2013. All dollar amounts are expressed in United States dollars unless otherwise specified.
Pan American Silver Corp. reported that its first quarter silver production increased 14% to 6.3 million ounces, while gold production increased 65% to 32,100 ounces as compared to the same period in 2012. The silver and gold production increases were largely the result of the addition of low-cost production from the Dolores mine, which was acquired on March 30, 2012. Total cash costs for the first quarter were $11.33 per ounce of silver, net of by-product credits, which was well below the Company’s guidance for 2013 of $11.80 to $12.80 per ounce of silver.
Great Panther Silver Limited today announced the appointment of Mr. Geoff Chater to its Board of Directors, effective immediately, and the recent addition of two senior personnel to the management team in Mexico.
McEwen Mining Inc. announces that follow-up core holes at the new Central Zone have expanded the gold mineralization in several directions. Central is located inside the Company’s El Gallo 1 mine in Sinaloa, Mexico (Fig. 1). It is situated between two known resources, where mining began on April 1st (Fig. 2). Based on the results in this news release plus prior holes, there appears to be good potential to mine the area as one enlarged open pit rather than as two separate pits.
Sierra Metals Inc. (previously Dia Bras Exploration) is pleased to announce that drilling has encountered wide zones of mineralization in both the Upper and Lower Skarn horizons located 600 m northwest of the major ore-hosting zones of the Bolivar (Alta Ley) Mine. In addition, step-out drilling from the El Gallo deposit has extended that mineralized zone 600 m to the northeast with high grades of zinc in the Upper Skarn horizon.
Capstone Mining Corp. today announced the appointment of Mr. D. James Slattery, CA, as Senior Vice President and Chief Financial Officer of Capstone.
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