Day: February 7, 2012

Goldcorp Chair Telfer Cited in OCS Probe

Goldcorp chairman Ian Telfer has been cited by the Ontario Securities Commission in a recent insider trading probe. The allegation is that Telfer helped participants (including his long-time friend Eda Marie Agueci) in an alleged illegal insider tipping and trading scheme to hide their trading activities.

Golden Minerals Appoints Vice President of Exploration

GOLDEN, CO, Feb 7, 2012 (Marketwire via COMTEX) –Golden Minerals Company (NYSE Amex: AUMN) (TSX: AUM) (“Golden Minerals” or “the Company”) is pleased to announce the appointment of Warren Rehn to the position of Vice President of Exploration. Golden Minerals also announces the planned retirement of Robert Blakestad, the Company’s Senior Vice President of Exploration, effective February 29, 2012.

Lone Star Gold (LSTG) Tailings Project Could Generate $800,000 per Month

NEW YORK, NY — (Marketwire) — 02/07/12 — Lone Star Gold, Inc. (OTCBB: LSTG) announced the development plan for their Mexican Tailings Project in the City of Hidalgo Del Parral in Chihuahua Mexico. Other companies operating near the tailings project include, GoldCorp, Inc. (NYSE: GG), Silver Standard Resources, Inc. (NASDAQ: SSRI) and Coeur d’Alene Mines Corp. (NYSE: CDE).

Cortez Lists on Frankfurt Stock Exchange

Vancouver, British Columbia — The Company is pleased to announce that shares of Cortez Gold Corp. (TSX-V: CUT) are now trading on the Frankfurt Stock Exchange under the trading symbol “2CZ”.

Serengeti Identifies Compelling Gold-Silver Target at Cuates; Plans Follow-up Drilling

Serengeti Resources Inc. announces that it’s Mexican subsidiary Cia. Minera FB Integral SA de CV has identified an attractive gold-silver target on it’s Cuates property located on the north edge of the Parral mining district in the state of Chihuahua, Mexico. Selected rock samples collected from mineralized structures at Cuates have assayed up to 7.2 g/t Au and 111 g/t Ag and a recently completed Induced Polarization (IP) geophysical survey has outlined a strong, associated IP chargeability anomaly. Detailed mapping and sampling is underway and reverse circulation (RC) drilling of this compelling target is planned as part of a multi-property drill program starting in March.

Glencore to Buy Xstrata for $41B in Shares

Glencore International Plc, the world’s largest publicly traded commodities supplier, agreed to buy Xstrata Plc (XTA) for about 26 billion pounds ($41 billion) in shares in the biggest mining takeover.

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.

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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.