Day: October 21, 2013

Using base case prices of $22 an ounce of silver, $3 per pound of copper, and $1,200 per ounce of gold, the pre-tax net present value of the project was estimated at $133 million at a discount rate of 5%, with an internal rate of return (IRR) of 30.5%. After tax, the figures are projected at $93 million and 22%, respectively.

SilverCrest Mines Inc. is pleased to announce that it has completed the Preliminary Economic Assessment for its La Joya Silver Copper Gold Project located in Durango, Mexico. Summaries of the current resources used for the PEA, a preliminary Life of Mine Plan, operating costs, capital costs and project economics are presented in tables below. A Technical Report compliant with NI 43-101 is being completed by EBA Engineering Consultants, a Tetra Tech Company with an effective date of September 23, 2013 to be filed within 45 days of this release. All currency values are presented in US$ unless otherwise specified.

Southern Silver Exploration Corp. has closed the second tranche of its previously reported non-brokered private placement by issuing 18,200,000 units at a price of $0.02 per unit for gross proceeds of $364,000. Together with the first tranche closing on September 13, 2013, Southern Silver has raised a gross total of $500,603; an oversubscription of the offering. Each unit consists of one common share and one share purchase warrant exercisable to purchase one additional common share for a period of three years at an exercise price of $0.05 per share. Securities issued pursuant to this tranche of the private placement, including common shares, share purchase warrants and finder’s warrants issued as finder’s fees, carry a legend restricting trading of the securities until February 12, 2014.

High Desert Gold Corporation is pleased to announce that it has entered into an arrangement agreement pursuant to which South American Silver Corp. will acquire all of the issued and outstanding shares of HDGC that it does not already own in an all-share transaction by way of a plan of arrangement under the Business Corporations Act (British Columbia). Each HDGC share will be exchanged for 0.275 of a SASC Class A Share. SASC currently owns 16,077,000 common shares of HDGC (18.5% on an undiluted basis). Upon completion of the Arrangement, SASC shareholders and HDGC shareholders will own approximately 85.6% and 14.4%, respectively, of Class A Shares of the post Arrangement entity.

Oceanus Resources Corporation recently held its annual meeting of shareholders where the results of the 2013 exploration program for the La Lajita Gold Property located in the Durango State, Mexico were presented. The presentation highlighted the drilling results which were press released on September 24th, 2013 and included a high-grade intersection of 7.1 g/t Au and 48.8 g/t Ag (8.1 g/t AuEq50) over an interval of 20 meters at the Santo Nino prospect.

Aurcana Corporation wishes to report the third quarter 2013 production results.