Day: July 22, 2013

Cream Minerals Announces Proposed Sale of the Nuevo Milenio Silver-Gold Property

Cream Minerals Ltd. wishes to announce that the Company has entered into a letter of intent for the sale of the Company’s Nuevo Milenio Silver-Gold Property to a British Columbia numbered company controlled by a consortium group which includes shareholders of Cream for consideration of $600,000. The Transaction will take the form of a sale of all of the outstanding shares of the Company’s wholly-owned subsidiary, Cream Minerals de Mexico S.A. de C.V., which owns 100% of the 2,612.5 ha Nuevo Milenio Silver-Gold Property located in Nayarit State, Mexico. The Transaction is subject to the execution of a definitive agreement, as well as disinterested shareholder approval and the approval of the TSX Venture Exchange.

Riverside Resources Signs US$1,800,000 Three Year Strategic Alliance With Antofagasta for Copper Exploration in Eastern Sonora, Mexico

Riverside Resources Inc. is pleased to announce the signing of a three year, US$1.8M strategic exploration alliance with a wholly-owned subsidiary of Antofagasta Plc for generative exploration in the major copper belt of northwestern Mexico in the eastern part of the state of Sonora. The Alliance will focus on finding and developing new large copper deposits using Riverside’s extensive technical knowledge of copper systems and strong generative exploration team strategically based in Hermosillo, Sonora, Mexico.

Coeur Mining Increases Investment in International Northair Mines Ltd.

Coeur Mining, Inc. announced that it subscribed by way of an agreement with International Northair Mines Ltd. for the sale to Coeur of 9,600,000 common shares in the capital of Northair at a purchase price of C$0.14 per Common Share, for total consideration of C$1,344,000, as part of a private placement transaction of Northair issuing, in the aggregate, 13,153,896 Common Shares and warrants to purchase 1,776,947 Common Shares.

Colibri Reports 2013 Drilling Program Results at the Colibri (Pitaya) Gold Project in Sonora, Mexico, Including 4.0 metres of 0.9 g/T Au and 1.5 metres of 1.71 g/T Au and 54.0 g/T Ag

Colibri Resource Corporation is pleased to provide an update of exploration activities at the 6418.5 hectare Colibri Gold Project near the town of Caborca in Sonora, Mexico. In March of 2011, Colibri entered into an option and joint venture agreement with the current project operator, Agnico Eagle Mines Limited. Please refer to Company news release dated March 2, 2011 for details. AEM refers to the project as the Pitaya Project. AEM has met the expenditures needed to earn-in to a 51% share of the project.

Defiance Closes First Tranche of its Private Placement

Defiance Silver Corp. announces that it has closed the first tranche of its private placement announced on July 11, 2013, and has issued an aggregate 2,150,000 Units at $0.10 per Unit for gross proceeds of $215,000. Each Unit is comprised of one common share and one-half of one transferable share purchase warrant, each whole Warrant entitling the holders to acquire one additional common share for a period of 24 months at an exercise price of $0.15 per share if exercised during the first year and thereafter at a price of $0.20 per share.

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