Month: May 2013

Southern Silver Exploration Corp. reports today that it has executed an amending agreement with the Optionor of the Cerro Las Minitas property in Durango Mexico to reduce the option payment due on May 18, 2013 from $1 million to $250,000 and to extend the balance of the purchase price of $1.75 million to be paid periodically with the last payment due in March 2015.

Rare Earth Minerals PLC is pleased to announce that it has executed formal agreements with Bacanora Minerals Ltd, a Toronto Stock Exchange listed company, pursuant to which REM is granted certain rights to participate in drilling and project evaluation of the El Sauz and Fleur Lithium concessions in northern Mexico in line with the binding memorandum of understanding announced on February 14, 2013. The Concessions adjoin and are along strike from the BCN’s La Ventana concession.

El Tigre Silver Corp. is pleased to report that the final five drill hole assay results from the 2013 drilling program have been received. A total of 38 core holes were completed and 4,862 metres drilled along the 1.2 kilometre stock work zone on concessions that are part of the Company’s 431 square kilometre ownership in Sonora, Mexico.

Aurcana Corporation issued a news release on May 17, 2013 clarifying certain technical disclosure, in which it advised that the Company’s technical report titled “Technical Report on the La Negra Mine Project, Queretaro, Mexico”, dated October 4, 2012 will be amended and re-filed.

San Marco Resources Inc. is pleased to announce the results of the first 7 drill holes of the Company’s maiden exploration drill campaign, at the Angeles property in northern Sonora state, Mexico.

VVC Exploration Corporation is pleased to announce the commencement of 1,000 meters of reverse circulation drilling on the Cumeral Property located 70 km to the south of the US border, in Sonora State, Mexico. Drilling One mobilized a drill rig onto Cumeral last week from its regional office in Cuauhtemoc, Chihuahua, Mexico, following the issuance by the Mexican Department of Natural Resources and Environment of the required drilling permit.

Primero Mining Corp. is pleased to announce the successful completion of the previously announced scheme of arrangement under the Australian Corporations Act 2001, whereby Primero has acquired all of the issued and outstanding ordinary shares of Cerro Resources NL. Cerro’s principal asset is 69%1 of the feasibility stage Cerro del Gallo project, a gold-silver deposit with approximately 1.0 million ounces of gold equivalent proven and probable reserves and 2.3 million ounces of gold equivalent measured and indicated resources (inclusive of reserves)2, located in the province of Guanajuato, Mexico. As of today, and including the 17,983,956 Primero common shares issued as consideration under the Arrangement to the former shareholders of Cerro, Primero has 115,419,578 common shares issued and outstanding. An additional 866,525 common shares have been reserved for issuance in connection with new Primero options issued to the former option holders of Cerro pursuant to the Arrangement.