Month: August 2011

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 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 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.

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. 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.

Starcore International Mines Ltd. (the “Company”) (TSX: SAM) is pleased to announce production results for the fiscal year ended July 31, 2011 at its San Martin Mine in Queretaro, Mexico.

VANCOUVER, BRITISH COLUMBIA, Aug 29, 2011 (MARKETWIRE via COMTEX) — IMPACT Silver Corp. (“the Company” or “IMPACT”) is pleased to announce the results for the second quarter ending June 30, 2011.

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.

Canadian gold miner Northgate Minerals said it agreed to be bought by peer AuRico Gold for C$1.46 billion ($1.48 billion), and ended a deal with Primero Mining.

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.