Month: February 2012

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.

Real de Catorce Awaits Historic Huichol Pilgrimage

REAL DE CATORCE, San Luis Potosi, Mexico – A quiet but excited buzz hums through the streets of this normally sleepy ghost town turned tourist attraction. Hotels that languished for months are filled to bursting and people are camping on every spare piece of real estate. Everyone is awaiting the arrival of hundreds of Wixarika pilgrims from their homelands in the Western Sierra Madre — a historic mass pilgrimage to connect with the spirits of their ancestors and to pray for the renovation of the fading candles of life that reside in this place, the depleting water supply and the continued equilibrium of all life on Earth.

Guerrero Adds Senior Executive Michelle Robinson to the Advisory Board

Guerrero Exploration Inc. (“Guerrero” or the “Corporation”) (TSX-V: “GEX”) is pleased to announce that Ms. Michelle Robinson has joined its Advisory Board. Ms. Robinson is a Geological Engineer, University of British Columbia (B.A.Sc. 1992, M.A.Sc. 1994) and has 21 years of exploration experience in Canada and Latin America. Prior to moving to Mexico, Ms. Robinson authored technical papers on volcanogenic massive sulfide deposits and was the recipient of several awards in the mining industry.

El Tigre Silver Reports New Assays from its Silver-Gold Tailings Project in Sonora, Mexico

El Tigre Silver Corp. is pleased to report that all assaying has been completed on its tailings silver-gold recovery project. The assay results from the auger holes continue to confirm the results from previous sampling programs and the overall silver-gold content of the tailings from 35 years of high grade silver/gold mining. The El Tigre tailings are located on concessions that are part of the Company’s 431 square kilometer concession ownership in Sonora, Mexico.

Lone Star Gold, Inc. Signs Tailings Project Joint-Venture Agreement and Exercises $300k Draw Down Against $15 Million Line of Equity

Lone Star Gold, Inc. is pleased to announce that on January 26, 2012, the Company signed a Joint Venture Agreement with the specially formed Mexican subsidiary company, AMIKO KAY, S de RL de CV, and Miguel Jaramillo to process 1.2 million tons of mine tailings at the San Antonio del Potrero mine tailings project. Lone Star acquired an undivided 65% interest in the Tailings Project, which is located in the city of Hidalgo Del Parral in the state of Chihuahua, Mexico.

Great Panther Silver Appoints Independent Chairman

GREAT PANTHER SILVER LIMITED advises that R. W. (Bob) Garnett, CA, ICD.D., has been appointed Independent Chairman of the Company’s Board of Directors, replacing Kaare Foy, who has stepped aside after serving more than 18 years as a Director of the Company and almost eight years as Executive Chairman. Mr. Foy will continue as a consultant to the Company.

Major Drilling Group International Inc. is one of the world’s largest drilling services companies primarily serving the mining industry. Established in 1980, Major Drilling has over 1,000 years of combined experience and expertise within its management team alone.

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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.