Day: May 6, 2014

Rare Earth Minerals Finds New Lithium Deposits, Starts Work On Plant

Rare Earth Minerals PLC Tuesday said it has found new lithium-bearing clay deposits on its concessions and engineering design work has started on a lithium carbonate plant after it announced that it can produce 99.5% pure battery-grade lithium carbonate from the Sonora Project in Mexico.

Golden Minerals Reports High Grade Drill Intersections At Velardena

Golden Minerals Company is pleased to announce results from its recent drilling program conducted at the Velardena Properties located in the State of Durango, Mexico. Mining operations at Velardena were suspended in June 2013 in response to the decline in precious metals prices, and drilling and analysis have subsequently been conducted in support of creating a restart plan that would result in cash flow-positive operations. Since January 2014, the Company has drilled 37 underground core holes totaling approximately 8,000 meters. Several additional holes are being drilled to infill and confirm mineralized characteristics of the Terneras vein, one of the veins that would be mined if the Company recommences mining at the Velardena Properties.

Kootenay drill program slated for Promontorio’s La Negra prospect

Kootenay Silver Inc. is pleased to announce that plans are underway for an anticipated 3,000 meter drill program on its emerging La Negra Silver prospect, situated 7 kilometres north of the Promontorio diatreme breccias, in Sonora, Mexico. The La Negra prospect is one of five identified discoveries within a 25km x15 km northwest trending corridor, termed the “Promontorio Mineral Belt.”

Tosca Mining Corp closes first tranche of previously announced financing

Tosca Mining Corp. has received final approval from the TSX Venture Exchange on May 01, 2014 for the first tranche of its previously announced non-brokered private placement. Terms of the financing are 6 cents per unit with each unit consisting of one common share and one share purchase warrant which is non-transferable. Each warrant is exercisable at a price of 8 cents per share for a period 12 months after closing and at a price of 10 cents for an additional period of 12 months thereafter.

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