Month: November 2011

Dia Bras Reports Another Record Production and Financial Results in the Third Quarter 2011 and Declares Commercial Production at Bolivar Mine

TORONTO, ONTARIO, Nov 30, 2011 (MARKETWIRE via COMTEX) — Dia Bras Exploration Inc. (“Dia Bras” or the “Company”) is pleased to present the Company’s third quarter 2011 Financial Statements and Management’s Discussion & Analysis as well as the beginning of commercial production at Bolivar. 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 or on SEDAR at .

Elgin Mining Announces Closing of Private Placement Financing

VANCOUVER, Nov. 29, 2011 /CNW/ – Elgin Mining Inc. (“Elgin Mining”) (TSX-V: ELG) is pleased to advise the completion of the previously announced flow-through private placement (see News Release No . 2011-12 dated November 7, 2011). The Company has issued 6,428,571 flow-through common shares (the “Flow-Through Shares”) at a price of $1.40 per Flow-Through Share for aggregate gross proceeds of $9 million (the “Offering”).

Red Tiger Mining (formerly Zaruma Resources Inc.) Reports Third Quarter 2011 Results

Toronto, Ontario, Canada. Red Tiger Mining Inc., (TSXV:RMN), (the “Company” or “Red Tiger”) today reported that the quarterly unaudited Consolidated Financial Statements and Management’s Discussion and Analysis report for the nine and three months ended September 30, 2011 have been filed on SEDAR, The Company’s new website is currently under construction.

SilverCrest Reports $5.1 Million Third Quarter Cash Flow from Operations

SilverCrest Mines Inc. is pleased to announce strong positive cash flow, earnings and operating results for its third quarter ended September 30, 2011, being the second quarter of commercial production at its Santa Elena Mine in Sonora, Mexico. This press release should be read in conjunction with the Company’s Management Discussion & Analysis, Condensed Consolidated Interim Financial Statements and Notes to Financial Statements for the nine month period ended September 30, 2011, available on the Company’s website at and on SEDAR at . All monetary figures are expressed in United States dollars unless otherwise specified.

Aurcana Announces Closing of Private Placement Financing

Aurcana Corporation (“Aurcana” or the “Company”) is pleased to announce that, further to the press release of November 15, 2011, it has completed its private placement financing. The private placement offering (the “Offering”) of units (“Units”) was conducted through a syndicate of agents led by RBC Capital Markets and included, BMO Capital Markets, Dundee Securities Ltd. and Stonecap Securities Inc. (the “Agents”). Pursuant to the Offering, Aurcana sold an aggregate 52,853,000 Units at a price of $0.65 per Unit for aggregate gross proceeds of approximately C$34.4 million.

Source Appoints Jesus Castro Mora as Consultant

Source Exploration Corp. announced today that it has appointed Mr. Jesus Castro Mora, M.Sc., of Mexico City as a geological consultant to the company to assist the Corporation with identifying and evaluating high potential precious metals properties in Mexico.

Guerrero Announces First Closing of Financing

VANCOUVER, BRITISH COLUMBIA, Nov 25, 2011 (MARKETWIRE via COMTEX) — Guerrero Exploration Inc. (“Guerrero” or the “Corporation”) (tsx venture:GEX) announces that it has completed the first closing of its previously announced private placement financing. The Corporation issued 4,787,831 ($718,174.65) units at $0.15 per unit, with each unit consisting of one common share and one common share purchase warrant. Each warrant is exercisable for 12 months from closing at an exercise price of $0.30 per common share, subject to acceleration in the event the Corporation disseminates a press release advising that its shares have traded on the TSX Venture Exchange at a price per share greater than $0.60 for 10 consecutive trading days (including days where no shares are actually traded), in which case the warrants shall expire, without further notice, on the 31st day following the issuance of the press release. Notwithstanding the foregoing, in no event shall the Corporation be entitled to issue such a press release within four months of the date of closing. The Corporation plans to use the proceeds from this financing for general working capital and exploration. Northern Securities Inc., Haywood Securities Inc., Canaccord Genuity Corp. and Macquarie Private Wealth Inc. participated as finders in the financing. Guerrero paid finders’ fees of $50,258 and issued 335,053 finders’ warrants, each of which will entitle the holder to subscribe for one additional unit at the issue price for a period of one year from closing.

Paget Minerals Appoints Zacharias and Allman as CFO & Corporate Secretary

Vancouver, British Columbia — November 24, 2011, Paget Minerals Corp. (“Paget”- TSX-V: PGS), (“Paget” or the “Company”) today announced the appointment of Bernie Zacharias as Chief Financial Officer and David Allman as Corporate Secretary of Paget Minerals Corp. effective December 1, 2011.

Globexplore is a customer focused, technology driven mineral exploration drilling contractor devoted to top of class drilling methods and techniques that only years of experience can achieve. Every day we strive to be the industry leader by providing the highest rate of performance, professionalism, safety and environmental responsibility.

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Maza Drilling is a Mexican company established in 2007 in Mazatlán, Sinaloa. Our Canadian founder, Mr. Guy de Launiere, has over 20 years of international experience managing diverse drilling operations. Maza Drilling strives to compete at the highest levels in terms of recovery, effectiveness, efficiency, and affordability at every project while keeping at the forefront of technology to meet our customer’s needs in this demanding market.