Month: October 2013

Sierra Iron Ore provides update on legal action against neighbour company

Sierra Iron Ore Corporation is pleased to provide an update on the legal action in conjunction with “Aztec Zinc de Mexico S.A. de C.V” against a neighboring company that owns and operates a mine on adjacent property to the Mazomique property that is located south of the El Creston property.

Big North Graphite Completes Third Consecutive Month of Graphite Sales; Processing Facility Nears Completion

Big North Graphite Corp. is pleased to announce that the Company has completed a third consecutive month of amorphous graphite sales. The month’s sales totaled 197 tons, with the graphite screened to a ¾ minus product at the Company’s processing facility located in Sonora, Mexico. The finished graphite product was sold and delivered to a customer within Mexico. Further, the Company is nearing completion of its previously announced processing facility (see News Release dated April 22, 2013).

Santacruz Silver Drilling Intersects a New High-Grade Silver Vein at San Felipe

Santacruz Silver Mining Ltd. reports that diamond drilling on the Transversales vein, at its San Felipe Project in Sonora State, Mexico has confirmed continuity of a new vein both along strike and to depth. The Transversales vein was originally discovered during a surface mapping program in 2011 and had never been drill tested until this current drill program. To date, 21 holes have been completed on the Transversales vein with assays received for eleven of these holes. Core logging of the remaining holes has confirmed that the vein has been intersected in the remaining holes but assays are pending. Based upon the drilling completed to date, the Transversales vein can be traced over a strike length of 200 meters and to a depth of 240 meters. It remains open along strike in both directions and to depth.

Mexican Billionaire Carlos Slim Gets The Green Light For Gold Exploration, Despite Opposition By Locals

Minera Frisco, controlled by Mexican billionaire Carlos Slim, has been given the green light to search for gold in Mexico. In a controversial decision, Mexico’s Ministry for the Environment and Natural Resources (Semarnat) approved an environmental study last week authorizing Frisco’s Las Espejeras mine to conduct gold exploration activities. The October 3 authorization, which does not include gold extraction, will last two years and begin this month.

Sonoma Resources Inc. Announces Private Placement

Sonoma Resources Inc. announces that it will proceed with a non-brokered Private Placement of up to 2,000,000 units of Sonoma at a price of $0.05 per unit for proceeds to the Company of up to $100,000. Each Unit consists of one common share of Sonoma and one non-transferable share purchase warrant entitling the holder to acquire one additional common share of Sonoma at a price of $0.10 per common share for a period of twelve (12) months from the date of the issuance of the purchase warrant with a forced exercise provision attached to each warrant commencing on the day following the expiry of any applicable hold period on the underlying Common Share, stating that if, for ten consecutive trading days, the closing price of the listed shares of the Company exceeds $0.40 then the exercise period of the warrants will be reduced to a period of 10 days following such trading days.

All News