Day: July 22, 2014

Pan American Goldfields Ltd is pleased to announce that the Judge of the Eighth Civil Court of the Morelos Judicial District has ruled in favor of Sunburst Mining de México SA de CV, a wholly-owned subsidiary of the Company, to force MRT to fulfill all its contractual obligations despite the lawsuit (mercantile ordinary procedure) filed by Corporativo Minero with the Second Civil District Court of the Morelos District, Chihuahua. According to the production agreements between MRT and Sunburst Mining de México SA de CV / Pan American Goldfields Ltd, MRT has to pay Sunburst de México the money owed to it for the production of the last quarter of 2013 and provide monthly and quarterly financial reports of the operation and audit the books of the operation on an annual basis and cooperate and act in good faith to assist Pan American Goldfields with its disclosure and audit requirements.

Grupo Mexico, one of the world’s largest copper producers, is nearing a deal to acquire Mitsui & Co.’s 25% stake in the Silver Bell copper mine in Arizona for about $120 million, according to people familiar with the matter.

Cayden Resources Inc. is pleased to announce additional drill results from Angostura, the third of nine priority targets being tested at the Company’s El Barqueño Gold project located in Jalisco State, Mexico.
Highlights include 8 meters of 16.1 g/t Au including 2.0 meters of 41.9 g/t Au in hole 91 and 55 meters of 0.92 g/t Au and 0.30% Cu in hole 86.

Kootenay Silver Inc. is pleased to announce drill contracts are in place, drill targets have been identified and road construction is underway in preparation for an upcoming phase I drill program on its La Negra Diatreme Breccia prospect, located approx. 7 kms north of Kootenay’s flagship Promontorio Silver Resource in Sonora, Mexico. Drilling is slated to commence in lateAugust 2014 and is expected to include a minimum 2,500 meters of core drilling.