Category: Investor’s Corner

Zaruma Resources Inc.today announced that it has completed the previously announced US$25 million equity financing and US$30 million debt financing. Funds have been released from escrow, Mexican court approved agreements have ended the litigation with various creditors in Mexico, and the necessary filings were made in certain courts and registries in Mexico that will result in the removal of existing liens on the Company’s mining concessions. The Company has issued 488,649,998 common shares and 488,649,998 warrants permitting the holder to acquire the same number of common shares at a price of C$0.10 for a period of two years as part of the equity financing.

Oroco Resource Corp. is pleased to announce that it has closed a non-brokered private placement of 4,250,000 units at a price of $0.28 per unit to raise gross proceeds of $1,190,000. Each unit consists of one common share and one-half of one non-transferable common share purchase warrant. Each whole share purchase warrant is exercisable for a period of fifteen months into one additional common share at a price of $0.42 per share.

TORONTO, ONTARIO, Jul 27, 2011 (MARKETWIRE via COMTEX) — US GOLD CORPORATION is pleased to announce the appointment of William Faust as Chief Operating Officer, effective August 1, 2011. Mr. Faust will direct US Gold’s mining operations in Mexico and Nevada, including the development, construction and operation of the El Gallo and Gold Bar projects. Mr. Faust has over 30 years of engineering and management experience, particularly in open pit mining in Mexico and the Western United States.

LONGUEUIL, QUEBEC–(Marketwire – July 26, 2011) – Cerro Resources NL (ASX:CJO)(TSX VENTURE:CJO) (“Cerro” or “the Company”) is pleased to release a summary of the Company’s quarterly activities. Financial statements and MD&A, for the period ending June 30, 2011, have been filed on www.sedar.com and can be viewed on the Company’s website, www.cerroresources.com.

Oro Mining Ltd TSXV:OGR announced results from the Taunus Gold Deposit of its Trinidad Property in Mexico. Highlights include 4.07 g/t gold over 32 metres, 8.07 g/t over 12.7 metres, 3.37 g/t over 25.6 metres, 0.83 g/t over 72.4 metres (including 1.03 g/t over 30.9 metres) and 1.91 g/t over 22.8 metres (including 3.45 g/t over 9.7 metres).

Tara Minerals (TARM.OB) is a company worth at most $20M (likely much less), but boasts a market capitalization higher than $100M. How did a company that has only raised $6.7M from the sale of common stock since its inception (see the first line under cash flows from financing activities in the most recent 10-Q) turn that into more than $100M in market capitalization? The company has paid millions of dollars in stock for expenses, most notably “IR services,” in an effort to artificially bolster the stock price.

VANCOUVER, BRITISH COLUMBIA–(Marketwire – July 21, 2011) – Aurcana Corporation (TSX VENTURE:AUN)(OTCQX:AUNFF) (“Aurcana” or the “Company”) is pleased to report record silver production for Q2 of 2011 of 257,508 contained silver ounces. This is a 7% increase over the 240,275 silver ounces produced in Q1 of 2011, and a 41% increase over Q2 of 2010.

Total mill feed of 133,700 tonnes increased 31% compared to 94,201 tonnes for Q2 of 2010. Daily throughput averaged 1,504 tonnes per day for 89 mill days, an increase of 7 operating days over Q2 of 2010.

This is the third consecutive quarter that the mill average daily throughput has exceeded the 1,500 tonnes per day design capacity of the plant, confirming the success of the 2010 expansion.

Of 133,700 mill feed tonnes, 14% (19,196 tonnes) were from NI 43-101 Measured and Indicated Resources and 86% (115,504 tonnes) were from new discoveries or non-compliant resources. La Negra is now applying 43-101 standards in developing new mineralized zones to make more resources compliant. New ore zone development is initially focusing on the Northwest Trend.

La Negra

On July 18, 2011, the Securities and Exchange Commission (SEC) revoked the registration of Tara Gold’s securities pursuant to Section 12(j) of the Securities Exchange Act of 1934. Contrary to SEC’s statement, the Company does not agree that the revocation is ‘necessary and appropriate in the public interest.’ The Company intends to appeal the decision and seek the reinstatement of the trading of Tara Gold securities.

On June 24, 2011, ECU Silver Mining Inc. and Golden Minerals Company announced that they had entered into an agreement to effect a “merger of equals” transaction structured as a plan of arrangement pursuant to the Quebec Business Corporations Act. ECU is pleased to report that the Quebec Superior Court has issued an interim order authorizing ECU to, among other things, call a special meeting of its securityholders to obtain their approval of the Plan of Arrangement.

The Board of Directors of Excellon Resources Inc. is pleased to announce the appointment of a new President and Chief Executive Officer Jeremy Wyeth as well as the appointment of a new Chief Financial Officer Steve Poad.