Month: June 2014

El Tigre Silver Advances Sampling Beyond Resource Area and Reports 2.0 Metres of 702 g/t Ag (35 oz/t Ag)

El Tigre Silver Corp. is pleased to announce additional strong assay results of a recently completed extensive underground and surface sampling exploration program at its El Tigre Silver and Gold Project in northern Sonora, Mexico. El Tigre is reporting assay results from the historic mine levels 3.5 and 4 in the Espuelas Canyon area (Figure 1) that include 2.0 metres of 702 g/t Ag. A total of 173 underground and 393 surface samples were collected as channel samples from outcrops, as well as 25 stream samples and 27 regional samples from the main El Tigre Vein district.

Fallece minero en Morelos

Un minero falleció este jueves tras el desprendimiento de una roca mientras laboraba en la unidad de Cozamin, en Hacienda Nueva, Morelos, donde opera la empresa canadiense Capstone.

Scorpio Mining Provides Update

Scorpio Mining Corporation today provided information concerning its ongoing review of certain previously disclosed discrepancies concerning the concession boundaries of the Company’s El Cajon mineral deposit, located in the Cosala Norte District near Cosala, Sinaloa in Mexico, and efforts by Tocqueville Asset Management, L.P. and The Tocqueville Trust on behalf of The Tocqueville Gold Fund to take control of the Company’s board of directors.

Mexus Gold US Shareholder Update

Mexus Gold US announced that it has turned down a seven figure offer for the funding of its Julio/Santa Elena project. This offer came from one of three mining companies that Mexus is in discussions with. President Paul Thompson states “The offer came from a well-known mining company but unfortunately the demands were too high and would have resulted in our ownership being diminished.”

Osisko closing expected to occur on June 16, 2014

Osisko Mining Corporation anticipates that, subject to court approval, and the satisfaction of closing conditions, the effective date and closing of the shareholder approved joint acquisition of 100% of the outstanding shares of Osisko by Agnico Eagle Mines Limited and Yamana Gold Inc. pursuant to a plan of arrangement will occur on June 16, 2014.

Timmins Gold Establishes Special Committee; Comments on False Assertions

Timmins Gold Corp.announced today that it has established a special committee of independent directors to oversee the Company’s response to Sentry Investments’ dissident proxy solicitation and the Company’s process of Board renewal. The members of the special committee are Frank Cordova, Paula Rogers (Chair) and Jose Vizquerra.

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