Month: May 2011

Arian Silver’s MD&A and Results for the Three Months Ended 31 March 2011

London, England, Arian Silver Corporation (“Arian” or the “Company”) (TSXV: AGQ) (AIM: AGQ) (FRANKFURT: I3A), a silver exploration, development and production company with a focus on projects in the silver belt of Mexico, today announced the release of its Management’s Discussion and Analysis (“MD&A”) and unaudited Financial Statements (“Financials”) for the three months ended 31 March 2011.

Orko Silver Corp – President’s Update

VANCOUVER, British Columbia – Orko Silver Corp. (TSX.V — OK) is pleased to announce that excellent progress is being made in the technical studies to advance the “La Preciosa” Project in Durango, Mexico, toward feasibility. The proposed Preliminary Economic Assessment (the “PEA”) has been delayed on a number of occasions. The reasons for the delays are purely logistical/technical in nature, and have no bearing on the viability of the La Preciosa Project.

Redzone Resources Ltd.: Resignation of Chief Financial Officer

VANCOUVER, BRITISH COLUMBIA–(Marketwire – May 26, 2011) – Redzone Resources Ltd. (the “Company”) (TSX:REZ) reports that Ms. Pauline Pasetka has tendered her resignation as Chief Financial Officer, effective July 31, 2011, to pursue other interests. As of August 1, 2011, the Chief Financial Officer role will be assumed by Ms. Rebecca Moriarty.

Zaruma Resources Announces Additional Bridge Financing

TORONTO, May 26, 2011 /CNW/ – Zaruma Resources Inc., (TSXV:ZMR.H), (the “Company” or “Zaruma”) announced that it has received conditional approval from the TSX Venture Exchange to raise up to C$250,000 in a Private Placement of up to 3,703,704 million units comprising one common share and one warrant entitling the holder to acquire an additional common share of the Company for C$0.135 for a period of one year from the date of subscription. The units are priced at C$0.0675 with the proceeds to be used for the Company’s cash requirements leading up to the release from escrow of the previously announced equity and debt financing to complete the Luz del Cobre Copper Project.

Almaden Minerals Down Nearly 5% after Drilling Update

Almaden Minerals Ltd. (AMM.TO) is down nearly 5% at $3.59 after announcing results from holes TU-11-21 through 26 and TU-11-28 drilled on the Ixtaca zone and hole CA-11-01 the first hole drilled on the Caleva Zone which is located about 250 meters north from the Ixtaca zone, of its 100% owned Tuligtic property.

Silver Shield Corporate Update

With the volatility of the precious metal markets, especially in Silver, the junior securities market has been very weak in the past short while. With falling metal prices and falling stock prices the investment market is a bit uncertain and tentative at present. Silver Shield continues to progress its properties with the overall goal of production remaining paramount and unwavering. We are pleased to provide the investment community with an update on our efforts.

Orex Engages Sigorex as New Investor Relations Consultant

Vancouver, B.C. – Orex Minerals Inc. – (REX: TSX-V) (“Orex” ) is pleased to announce that it has engaged Sigorex Management GmbH (“Sigorex”) to provide investor relations services to Orex pursuant to a consulting agreement dated May 24, 2011 (the “Agreement”).

Oroco Initiates Related Party Transaction

VANCOUVER, BRITISH COLUMBIA–(Marketwire – May 19, 2011) – Oroco Resource Corp. (TSX VENTURE:OCO) (“Oroco” or “the Company”) announces that it has entered into a loan agreement with ATM Mining Corp. (“ATM”), a related party to the Company, in consideration for which ATM has granted the Company exclusive rights to complete a potential transaction with ATM (the “Transaction”). The loan, in the amount of $255,000, bears interest at the rate of prime plus 1%, and is secured by a pledge of security comprised of a promissory note payable on demand with 30 days notice and a pledge of 1,200,000 common shares of the Company held by ATM and an affiliate.

Levon Announces Closing of $40,170,000 Offering

Levon Resources Ltd. is pleased to announce that it has today closed a previously announced financing, pursuant to which the Company has issued 20,600,000 common shares at a price of $1.95 per share for gross proceeds of $40,170,000.

Vista Gold Corp. Announces Appointment of Interim Chief Financial Officer

DENVER, May 18, 2011 /PRNewswire/ — Vista Gold Corp. (TSX & NYSE Amex Equities: VGZ) (“Vista” or the “Corporation”) announces the appointment of Ms. Terri Eggert as Interim Chief Financial Officer of Vista, effective immediately. Ms. Eggert replaces our former Chief Financial Officer, Mr. Greg Marlier, who is no longer with the Corporation.

Bacanora Announces Completion of Financing for $7,056,880 in Gross Proceeds

CALGARY, ALBERTA–(Marketwire – May 18, 2011) -BACANORA MINERALS LTD. (TSX VENTURE:BCN) (the “Corporation” or “Bacanora”) is pleased to announce the completion of its recently announced private placement financing, pursuant to which it has issued an aggregate of 14,113,760 units of the Corporation at a price of $0.50 per unit for aggregate gross proceeds of $7,056,880. Each unit consists of one common share and one-half of one common share purchase warrant, with each whole warrant being exercisable into one common share at a price of $0.80 for a period of eighteen (18) months.

Goldgroup Hires General Manager for Caballo Blanco and Other Key Personnel

Goldgroup Mining Inc. is pleased to announce that it has hired Mr. Rick Irvine, P.Eng, as the General Manager of the Caballo Blanco gold project in Veracruz, Mexico. The Company also announces that it has promoted Francisco Escandon, Geol. Eng. MMSA, from his former position as Director of Operations of Caballo Blanco to Technical Director of Goldgroup and hired the following: Dustin VanDoorselaere as Projects Manager, Dr. Roger Newell as a Consulting Geologist in charge of Northern Mexico exploration (all of whom will report to Keith Piggott, President and CEO) and Brigitte McArthur as Corporate Secretary. These appointments are consistent with the Company’s growth strategy of increasing its gold production significantly in Mexico over the next three years.

Lincoln Mining Appoints New Directors

Lincoln Mining Corporation is pleased to announce that it has appointed Mr. Robert Elton and Mr. Robert Cruickshank as directors of the Company.

Cliffs Natural Resources Inc. Launches “Together. It Starts Here.” Corporate Advertising Campaign

CLEVELAND, May 16, 2011 /PRNewswire/ — Cliffs Natural Resources Inc. (NYSE: CLF) (Paris: CLF) today announced the launch of a multi-language, international corporate advertising campaign dubbed “Together. It Starts Here.” The campaign commemorates the completion of Cliffs’ approximately C$4.9 billion (including net debt) acquisition of Consolidated Thompson Iron Mines Limited with a broad-reaching placement schedule including full-page and digital advertisements in the Wall Street Journal, Financial Times, The Globe and Mail, The West Australian, Chutian Dushi Bao (the daily newspaper in Wuhan, China) and other business and trade media outlets. The acquisition was announced in January and closed on May 12, 2011.

Bell Copper Closes First Tranche of Financing

Vancouver, B.C.: Bell Copper Corporation (“Bell Copper” or the “Company”) (TSX-V Symbol: BCU) is pleased to announce that further to its news release dated April 28, 2011, the Company has completed the first tranche of its brokered private placement with D&D Securities Inc. and Delano Capital Corp. and has issued 14.55 million units at a price of $0.20 per unit for gross proceeds of $2,910,000. Each unit consists of one common share and one common share purchase warrant, with each warrant entitling the holder to purchase an additional common share of the Company for an 18 month period at a price of $0.35 per share. Insiders of the Company have subscribed for $521,000 of this first tranche of the placement. All common shares issued in connection with the units are subject to a regulatory hold period restricting them from being traded until September 7, 2011. The Company expects to close on the $1.59 million balance of the private placement by the end of this week.

Ryan Gold Appoints Shawn Ryan as President

Ryan Gold Corp. is pleased to announce that the Company has received final approval from the TSX Venture Exchange with respect to the purchase, royalty and employment agreements (the “Agreements”) signed with Shawn Ryan. As detailed in the Company’s press release dated April 26, 2011, Ryan Gold will purchase 50 properties, comprising 6,558 Quartz Claims (the “Properties”) located in the Yukon Territory, through the acquisition of Mr. Ryan’s 70% interest in the Properties and the acquisition of all of the issued shares of 45127 Yukon Inc. (“Claims Co”), which owns the remaining 30% interest in the Properties. Mr. Ryan owns all of the shares of Claims Co. The Company has issued 7.5 million shares of Ryan Gold and made the first cash payment of $2.5 million to Mr. Ryan

VVC Exploration-Management & Board of Director Changes

VVC EXPLORATION CORPORATION announces that effective May 8, 2011, Mr. Daniel Grenier has stepped down as President, CEO and director of the Company to pursue other ventures. Mr. Grenier will remain as a Consultant to the Company to ensure proper continuity of its business activities. The Company wishes to thank him for his tireless and dedicated service to the Company over the years and wishes him well in his future endeavours.

Aurcana reports record 2010 results

Aurcana Corporation (“Aurcana” or the “Company”) is pleased to report its audited financial results for December 31, 2010. The summary of the selected financial information should be read in conjunction with the audited financial statements and the related management’s discussion and analysis dated April 30, 2010 together referred to as the “Financial Statements”, which have been filed on SEDAR (www.sedar.com) and the Company’s website (http://www.aurcana.com)

Bank of Mexico buys 100 tons of Gold

Mexico’s central bank purchased almost 100 metric tons of gold in February and March, another signal that emerging markets are likely to steadily raise their gold reserve holdings, industry participants say.

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