Month: July 2011

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.

Vancouver, British Columbia – July18, 2011. Colibri Resource Corporation (“Colibri” or the “Company”) (TSX.V-CBI) is pleased to announce the appointment of Dr. Paul J. Bartos as Director. Dr. Bartos is a noted authority on epithermal deposits and currently is the Vice President/ Chief Geologist of Esperanza Resources Corp. where he was instrumental in the discovery of the San Luis bonanza vein deposit. This deposit, which was recently sold to Silver Standard Resources, has proven and probable reserves of 503,313 tonnes averaging 17.95 g/t Au, 446.14 g/t Ag (290,484 ounces gold, 7,219,435 ounces silver). San Luis represents one of the highest grade precious metal deposits found in recent years. Prior to this, Dr. Bartos was with ASARCO Inc., with his most recent position as Latin American Exploration and Business Development Manager. Among other accomplishments, he was responsible for the discovery and development of the San Bartolome silver deposit in Bolivia. This deposit, containing an estimated 107 million ounces of proven and probable silver reserves, is currently in production by Coeur d’Alene Mines Corp., and is now one of the world’s largest pure silver mines.

CANGOLD LIMITED (TSX-V: CLD, the “Company”) reports that it has closed the first tranche of its non-brokered private placement financing announced on April 26, 2011. On closing, the Company issued 5,192,000 units at $0.50 per unit for gross proceeds of $2,596,000. Each unit comprises one common share and one-half of one non-transferable Series Q share purchase warrant.

Guerrero Exploration Inc. announces that it has closed its previously announced financing by issuing 1,560,000 units (“Units”) at $0.20 each.

Coeur d’Alene Mines Corporation announced today that Mitchell J. Krebs has been appointed as President and Chief Executive Officer of the Company. In addition, the Board of Directors also elected Mr. Krebs as a director and Robert E. Mellor as non-executive Chairman of the Board.

Argonaut Gold Inc. announced today that the Company produced 17,453 ounces of gold during the 2nd quarter ended June 30, 2011, at its 100% owned El Castillo Mine (“El Castillo”), located 100 km north of the city of Durango, Mexico. Gold produced in the first half of 2011 was 35,467 ounces, which is in line with the Company’s guidance of 70-75,000 ounces for full year production.

Corex Gold Corp. is pleased to announce a non-brokered private placement of up to 3,333,333 units at a price of $0.30 per unit, for aggregate gross proceeds of up to CDN $1,000,000. Each unit will consist of one common share and one half warrant, exercisable by the holder to acquire one additional common share at a price of $0.45 for 12 months from Closing. The warrants are subject to an accelerated expiry which comes into effect once the shares trade above a weighted average price of $0.50 for any twenty consecutive trading-day period, subsequent to four months from Closing. In the event of an accelerated expiry, the expiry date will be the earlier of the regular two year expiry date and 30 days from the date the Company advises the placees of the accelerated expiry. The Private Placement and payment of any finder’s fee are subject to acceptance by the TSX Venture Exchange.

Dia Bras Exploration Inc. announced the appointment of Fernando Piccini as Chief Financial Officer or CFO, effective immediately. Piccini, replaces Chief Financial Officer, Ernesto Duran, who has tendered his resignation to assume a consulting position.