Month: June 2013

Candente Gold Corp. Acquires the Rights to El Oro Mexico Mine Tailings

Candente Gold Corp. is pleased to report that its Mexican subsidiary company, Minera CCM El Oro Jales S.A. de CV, has signed an agreement for the access and processing rights to historic gold and silver tailings deposits in the El Oro District of Mexico State, central Mexico, where mining grades were in the range of 19 to 80 grams per tonne (“g/t”) gold and 240 to 800 g/t silver.

Starcore: Profitable Q3

Starcore International Mines Ltd. has filed the results for the third quarter ended April 30, 2013 for the Company and its mining operations. The full version of the Company’s Financial Statements and Management’s Discussion and Analysis can be viewed on the Company’s website at www.starcore.com, or SEDAR at www.sedar.com. All financial information is prepared in accordance with IFRS and all dollar amounts are expressed in thousands of Canadian dollars unless otherwise indicated.

Santacruz Silver Drilling Intersects 1,687 g/t Ag over 4.58 m, including 7,520 g/t Ag over 0.61m at the Gavilanes Project in Mexico

Santacruz Silver Mining Ltd. is pleased to report the first six holes totaling approximately 1,000 meters of the 16,000 meter Phase II drilling campaign on the 100% owned Gavilanes Silver project in Durango, Mexico. The 7,347 hectare Gavilanes property hosts a low sulphidation epithermal system, where seven high grade silver veins and a stockwork area have been identified to date. The Phase II drill program is designed to test the continuation of three of the seven known silver-bearing veins, each of the veins average 1-kilometer in length, and a stockwork area identified in previous drilling. The drill results reported herein are from the GSA vein, GSA Lower vein and Stockwork area of El Hundido. To date, the GSA vein has been drill tested over a strike length of 500 meters showing clear upside potential for an additional 500 meters of identified strike length which is visible at surface. The stockwork area of El Hundido has been successfully drilled over 250 meters on its identified 500 meters of known strike length to date.

Torex Receives Required Environmental Permits for the Morelos Gold Project

Torex Gold Resources Inc. announced today that it has received final acceptance of the Environmental Impact Assessment and The Change of Land Use (ETJ) Permits for its Morelos Gold Project in southwestern Mexico. The environmental protection programs, required during construction, have been requested by the regulator (SEMARNAT) and have been submitted by Torex. Upon acceptance of these submissions, construction is anticipated to start in July of this year.

Scorpio Mining Reports Voting Results of Election of Directors

Scorpio Mining Corporation announced today that each of the five nominees proposed as directors and listed in its management information circular dated May 6, 2013 was elected as a director of the Company at the Company’s annual and special meeting of shareholders held on June 13, 2013. The detailed results of the vote are set out below.

Pan American Goldfields Ltd. Reports on Results of a Preliminary Economic Assessment for the Cieneguita Gold-Silver Project, Mexico

Pan American Goldfields Ltd. is pleased to announce the results of a Preliminary Economic Assessment on its 80% owned Cieneguita gold-silver project located in Chihuahua State, Mexico. The PEA was prepared by M3 Engineering and Technology Corporation and utilizes a resource model developed by Independent Mining Consultants, Inc., both based in Tucson Arizona. The PEA confirms that the Cieneguita project represents an exceptional opportunity to develop a highly economic, relatively low-cost mine in the prolific Sierra Madre gold and silver belt in Mexico. The complete PEA will be filed at SEDAR within 45 days. All costs are in US Dollars.

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