Category: Exploration and Development

Coeur d’Alene Mines Corp offered to buy Orko Silver Corp, topping a bid from First Majestic Silver Corp and opening a race for control of one of the world’s largest undeveloped silver deposits.

International Northair Mines Ltd. is pleased to provide a review summarizing the project and corporate highlights completed by the Company on its La Cigarra silver project, located in north central Mexico. Also included is a timeline outlining key objectives of the Company’s Strategic Plan for the current 2013 calendar year.

Coeur d’Alene Mines Corporation today confirmed that it has submitted a binding proposal to acquire all of the issued and outstanding common shares of Orko Silver Corp. in a transaction with a total value of approximately CAD$384 million. Orko today announced that its Board of Directors has unanimously determined, after receiving the advice of its financial and legal advisors, that Coeur’s Proposal constitutes a “Superior Proposal” pursuant to its arrangement agreement with First Majestic Silver Corporation. Orko has provided notice of such determination to First Majestic. Orko also announced that under the arrangement agreement, First Majestic now has five business days, expiring at 11:59 p.m. PST on Tuesday, February 19, 2013, to offer to amend the terms of that agreement to match Coeur’s Proposal, failing which Orko will terminate the arrangement agreement with First Majestic and enter into a definitive agreement with Coeur reflecting Coeur’s Proposal.

Two men, reportedly the CEO and CFO of U.S.-based exploration firm Southridge Minerals have been found dead in a river in Mexico, local press reports.

Minera San Jorge S.A. de C.V. expresses it has acquired the Cinco Minas Mine property operations and other mining properties of Southridge Enterprises Inc. President of Minera San Jorge, Jaime Arturo Anaya Trejo, represented that acquisition was signatured on February 11, 2013, and that purchase details in planning for another writing of events.

Aurion Resources Ltd. is pleased to provide the following exploration update.

Poderosas mineras podrían boicotear la paz con pueblos indígenas de México, iniciando con el resurgimiento del zapatismo en Chiapas, advirtió Jaime Martínez Veloz, Comisionado del Gobierno Federal para la pacificación.

Encontraron los cadáveres de dos hombres americanos en el cauce de un río en el límite de Jalisco y Nayarit.

Aurcana Corporation is pleased to announce the results of the 2012 surface mapping program at the La Negra Mine. The objective of the program was to map and sample the upward projection of the known mineralized zones within the mine, and to identify new, untested exploration targets associated with the favorable northwest and northeast mine trends. Most of this area has not been extensively explored, sampled or drilled. Approximately 420 hectares were mapped at 1:2000 scale and 1,117 samples were collected from skarn and intrusive outcrops.

Cerro Resources NL (ASX/TSX-V: CJO) is pleased to report further progress in the pre-drilling exploration phase at the Espiritu Santo Gold/Silver project in Jalisco State, Mexico.