Month: August 2011

Arian Silver Files San Jose Technical Report

LONDON, ENGLAND–(Marketwire – Sept. 1, 2011) – Arian Silver Corporation (“Arian” or the “Company”) (TSX VENTURE:AGQ)(AIM:AGQ)(PLUS: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 a Mineral Resource Report dated 18 August 2011 and entitled “Arian Silver Corporation, Resource Estimate 43-101 Technical Report, San José Project, Zacatecas, Mexico” prepared by CSA Global (UK) Limited (the “SJ 2011 Technical Report”) relating to the updated mineral resource estimates contained in Arian’s press release dated 20 July 2011 entitled “Arian Silver Announces Significant Increase in Mineral Resources at San José.”

Pan American Goldfields Ltd. – Gold Exploration in the Sierra Madre

Pan American Goldfields Ltd. (OTCQB:MXOM ; FSE:OY1A) is a precious metals exploration and development company. Its focus is major gold belts in North and South America. Pan American has two flagship projects. The first is the Cieneguita Project, in Mexico, where drilling has defined an indicated an inferred resource of 1.1million ounces gold equivalent and pilot gold and silver production is underway as is a preliminary economic assessment (PEA) for a much larger operation.

Bandera Gold Provides Update on Judicial Proceedings to Enforce its Ownership Rights

Edmonton, Alberta. Bandera Gold Ltd. (The ?gCompany?h) has been made aware by its Mexican counsel that the Mexican Supreme Court has ruled on the Company?fs petition for review of the constitutionality of a previous decision of September 30, 2010 by the 5th Collegiate Court of Jalisco, acting as an ?gamparo?h Court, upholding the decision of such Court. The challenged decision of the 5th Collegiate Court of Jalisco had ruled that the Company?fs case should be decided by Mexican Federal Courts, rather than by State Courts. This had the effect of (i) voiding the decisions of the 9th Supreme Court of Jalisco (acting as appellate Court) of March 22, 2010 and of the 5th Mercantile Court (acting as first instance Court) of July 7, 2009; both of which had upheld the Company?fs petition to enforce its ownership rights over the Properties; and (ii) having the case sent for decision to the relevant Federal Court.

Alto Group Holdings Announces Status of Mexican Projects and New Focus

The Company recently has suspended further exploration and production efforts on the greenfield La Cienega gold project in Sonora, Mexico. Initial mapping, pitting, and sampling conducted during this field season confirmed the occurrence of placer gold on the properties but did not reveal sufficient quantities at shallow depths to warrant implementation of a deeper drilling and sampling program recommended by the Company’s geologic staff at this time. All equipment has been moved to a storage facility within Mexico and the La Cienega base camp has been shut down and will await management’s decision to expend fiscal and manpower resources to implement the recommended exploration program at some future date.

Mundoro Announces Shareholder Special Meeting and Engagement of Laurel Hill Advisory Group

VANCOUVER, BRITISH COLUMBIA, Aug 31, 2011 (MARKETWIRE via COMTEX) — Mundoro Capital Inc. (“Mundoro” or the “Company”) announces that a special meeting of Company shareholders has been called for October 4, 2011 at 11:00 AM at the Company’s corporate office, Suite #1401 – 1030 West Georgia Street, Vancouver (the “Special Meeting”). A Management Information Circular dated August 30, 2011 (the “Circular”), discussing the Proposed Strategic Transaction (as defined below) to be considered at the Special Meeting and voting instructions has been filed on SEDAR under the Company’s profile at www.sedar.com and is available through the Company’s website www.mundoro.com . The record date for shareholders entitled to vote at the Special Meeting is August 30, 2011. The Circular is expected to be mailed to the Company’s shareholders by September 6, 2011.

Prospero Silver Re-Files March 31, 2011 and June 30, 2011 Financial Statements to Add Additional IFRS Disclosure

VANCOUVER, BRITISH COLUMBIA–(Marketwire – Aug. 31, 2011) – Prospero Silver Corp. (TSX VENTURE:PSL) (“Prospero” or the “Company”) announced today that as a result of a review by the British Columbia Securities Commission, the Company has filed amended financial statements for the three months ended March 31, 2011 and six months ended June 30, 2011 on SEDAR to clarify the disclosure contained therein. The amended financial statements include the following changes:

QRS Capital Corp. Appoints Daniel Sorger to Board of Directors and Announces Grant of Options

Mr. Sorger is a capital markets and advisory professional with experience financing and consulting to small, mid, and large-cap companies across a number of industries. He currently works as a corporate and business development consultant to several companies in the resource sector. Previously, Mr. Sorger was an Institutional Equities Salesperson covering accounts across Canada and the United States, most recently with RBC Capital Markets as Vice President from 2008 to 2011. Prior to becoming an Institutional Equity Salesperson in 2007, Mr. Sorger was an Associate Consultant with the international strategy management consulting firm Bain & Company. Mr. Sorger holds an Honours Business Administration degree from the Richard Ivey School of Business at the University of Western Ontario.

Golden Minerals and ECU Silver Mining Inc. Announce Results of Special Meetings of Security Holders

Golden Minerals held a special meeting of its stockholders earlier today in Golden, Colorado, USA. At that meeting, Golden Minerals’ stockholders approved the issuance of shares of Golden Minerals common stock in connection with the Arrangement, with 98.68% of the votes cast by the Golden Minerals’ stockholders voting in favor. Golden Minerals’ stockholders also approved an amendment to Golden Minerals’ certificate of incorporation to increase the number of authorized shares of Golden Minerals common stock from 50,000,000 to 100,000,000.

Dia Bras Reports Record Production and Financial Results in the Second Quarter 2011 due to the Acquisition of Sociedad Minera Corona in Peru

TORONTO, ONTARIO, Aug 30, 2011 (MARKETWIRE via COMTEX) — Dia Bras Exploration Inc. (“Dia Bras” or the “Company”) is pleased to present the Company’s Second quarter 2011 Financial Statements and Management’s Discussion & Analysis. All currency in this release is in thousands of Canadian dollars unless otherwise indicated. The Company’s financial statements are prepared in accordance with International Financial Reporting Standards (“IFRS”). For a full explanation of results and mining statistics, please visit the Company’s website at www.diabras.com or on SEDAR at www.sedar.com .

International Millennium Mining Corp. Reports 2nd Quarter Results

North Vancouver, B.C. – International Millennium Mining Corp. (the “Company”) (TSX-V:IMI) reports its 2nd Quarter 2011 financial statements and MD&A (the “Quarterly Report”) for the 2nd Quarter ended June 30, 2011 (BC Form 51-102F1). Pursuant to the requirements of National Instrument 54-102, this news release provides a summary of the information contained in the Quarterly Report.

SilverCrest Announces Second Quarter Earnings of $790,000 and Cash Flow from Operations of $3.1M

VANCOUVER, BRITISH COLUMBIA, Aug 30, 2011 (MARKETWIRE via COMTEX) — SilverCrest Mines Inc. (the “Company” or “SilverCrest”) (tsx venture:SVL)(frankfurt:CW5) is pleased to announce strong positive cash flow, earnings and operating results in line with budgeted projections for its first quarter of commercial production at its Santa Elena Mine in Sonora, Mexico. This press release should be read in conjunction with the Company’s Manangement Discussion & Analysis, Condensed Consolidated Interim Financial Statements and Notes to Financial Statements for the six month period ended June 30, 2011, available on the Company’s website at www.silvercrestmines.com and on SEDAR at www.sedar.com . All monetary figures are expressed in United States dollars unless otherwise specified.

Southern Silver Closes Final Tranche of Private Placement

Southern Silver Exploration Corp. announces that it has closed the final tranche of its previously reported non-brokered private placement by issuing 43,534 units at a price of $0.17 per unit for gross proceeds of $7,400.78. Each unit consists of one common share and one share purchase warrant exercisable to purchase one additional common share for a period of two years at an exercise price of $0.22 per share. Together with the first tranche closing on July 20, 2011 and the second tranche closing on August 16, 2011, Southern Silver has raised an aggregate $3,274,785.

NWM Mining Q2 Loss Widens – Quick Facts

NWM Mining Corp. (NWM.V: News ) Monday reported second-quarter net loss of C$1.4 million or C$0.004 per share, compared to net loss of C$1.2 million or C$0.01 per share in the same quarter of 2010.

ZARUMA RES : 29.08.2011 2nd Quarter Report 2011 Management’s Discussion & Analysis more

This Management’s Discussion and Analysis (“MD&A”) should be read in conjunction with the unaudited consolidated financial statements and accompanying notes of Zaruma Resources Inc., (the ”Company” or “Zaruma”) for the six and three months ended June 30, 2011, which have been prepared in accordance with International Financial Reporting Standards (“IFRS”). In prior years the Company prepared its interim and annual consolidated financial statements in accordance with Canadian Generally Accepted Accounting Principles (Canadian GAAP). The Company’s 2010 comparatives in this MD&A have been presented in accordance with IFRS. All financial numbers are in US dollars unless otherwise stated.

Lone Star Gold, Inc. Secures $15 Million Equity Financing Agreement

Lone Star Gold, Inc. is pleased to announce that on August 26th, 2011, the Company signed a USD$15 million equity financing agreement with Hong Kong based equity investor North American Gold Corp. According to the terms of the agreement, Lone Star is to specifically use the proceeds from the financing to fund operating expenses, working capital and general corporate activities related to the exploration and development of the Company’s Mexico based La Candelaria gold and silver mining project.

Bowmore Announces $1.5 Million Private Placement

BOWMORE Exploration Ltd. is pleased to announce that it has negotiated, subject to regulatory approval, a non-brokered private placement for total gross proceeds of up to $1,500,000. The Private Placement will consist of up to 3 million flow-through units at a price of $0.50 per Unit, each Unit consisting of one common share to be issued as a “flow-through” share for the purposes of the Income Tax Act (Canada) and one-half of one common share purchase warrant. Each Warrant will entitle the holder to acquire one non flow-through common share of the Company for a period of twenty four (24) months at an exercise price of $0.75 per share.

AuRico Gold to buy Northgate Minerals

AuRico Gold Inc. has agreed to buy fellow Canadian gold miner Northgate Minerals Corp. as consolidation among gold miners continues in the wake of record gold prices.

Gold Resource Corporation Shareholder Update

Gold Resource Corporation updates shareholders on third quarter production and formal resource report progress. Gold Resource Corporation is a low-cost gold producer with operations in southern Mexico. The Company has returned over $24.6 million to shareholders in special monthly dividends since declaring commercial production July 1, 2010.

Fortuna Silver Mines Applies for NYSE Listing

Vancouver, Canada, August 29, 2011–Fortuna Silver Mines Inc. (TSX: FVI / Lima Stock Exchange: FVI / www.fortunasilver.com) is pleased to announce that it has been authorized to apply to list its common stock on the New York Stock Exchange (NYSE). The application was submitted on August 25, 2011.

International Silver Inc. Announces Completion of $1,155,000 Private Placement

TUCSON, Ariz., Aug 26, 2011 (GlobeNewswire via COMTEX) — International Silver Inc. (“International Silver” or the “Company”) (otcqb:ISLV), announced today the completion of a $1,155,000 private placement of its securities. The private placement consisted of the issuance and sale of an aggregate of 7,699,998 units (the “Units”) at a purchase price of $0.15 per unit. Each Unit is comprised of one share of common stock and a three-year warrant to purchase one share of common stock at a price of $0.20 per share. Casimir Capital LP was the placement agent for the financing. The Company paid placement agent fees of $80,850 and issued three-year placement agent options to purchase a total of 539,000 Units at a purchase price of $0.15 per Unit.

Cangold Closes $5 Million Private Placement Fully Subscribed

CANGOLD LIMITED (TSX-V: CLD, the “Company”) reports that it has closed the second and final tranche of its non-brokered private placement financing announced on April 26, 2011. On closing, the Company issued 4,808,000 units at $0.50 per unit for gross proceeds of $2,404,000. Each unit comprises one common share and one-half of one non-transferable Series R share purchase warrant.

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