Day: July 11, 2012

Bowmore Announces $1.4 Million Non-Brokered 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 $1,400,000. The Private Placement will consist of up to 5.6 million common shares at a price of $0.25 per common share.

Impact Silver Intersects 8.47g/t Gold and 1.12% Copper Across 2.75m on the Carlos Pacheco Vein at Zacualpan, Mexico

IMPACT Silver Corp. is pleased to announce high grade gold and silver values from the 2012 drill program at the Carlos Pacheco Gold-Silver Project. The project is located in the Valle de Oro area, six kilometers southwest of IMPACT’s operating mill at Zacualpan, central Mexico. Fieldwork in the Carlos Pacheco area began in 2007 with a systematic mapping and rock sampling program followed by an initial drill program that cut high grade gold intersections of up to 19.6 grams per tonne (g/t) gold across 2.9 meters (m) including 49.7 g/t gold across 1.0 m (see IMPACT News Releases dated January 18, 2007 and December 4, 2008).

Silver Standard Announces Two Additional Long-Term Silver Concentrate Sales Contracts

Silver Standard Resources Inc. announced today that it has signed two additional long term silver concentrate sales contracts, completing its sales strategy. The new contracts total approximately 500 tonnes of silver concentrate per month and position the company to begin drawing down excess silver concentrate inventory. During the second half of 2012, the Company will sell silver concentrate into four long term contracts and will continue with spot sales. Shipments under the new contracts are scheduled to begin in July.

Preliminary Economic Assessment Underway on La Verde Copper Porphyry

Catalyst Copper Corp. advised that an initial draft of the Preliminary Economic Assessment on the La Verde copper porphyry deposit located in Michoacán State, Mexico initiated in early May 2012 by AMC Mining Consultants Ltd. of Vancouver was delivered to management at the end of June. Management and its financial advisors, Endeavour Financial Limited (of both Vancouver and London), have now completed their review and provided comments to AMC. Subject to final review, it is expected that report will be publicly released later this month.

Soltoro and Argentum Silver Drilling Intercepts 10 Metres of 117 g/t Silver and 2.3 Metres of 419 g/t Silver at the Coyote Project in Jalisco, Mexico

Soltoro Ltd. and Argentum Silver Corp. are pleased to announce assay results from 10 additional diamond drill holes recently completed on the La Florida and La Colorada veins at the Coyote silver gold property, located in Jalisco State, Mexico. These 10 drill holes represent the balance of a first phase 26 hole orientation drill program completed by Argentum Silver at Coyote.

Urastar Announces 1500m Core Drilling Program at El Antimonio Continues with Proposed 10000m Reverse Circulation Drilling Program

Urastar Gold Corp. is pleased to announce that it has entered into a contract for 1500m of core drilling in three (3) 500m holes at its flagship El Antimonio Property. Urastar also plans to complete the previously announced 10,000m reverse circulation drilling program at El Antimonio. To date, over 6700m has been drilled in 31 RC holes at El Antimonio. Results have been announced up to hole 24 and have returned several wide gold bearing intercepts including those summarized in the table below.

Solicita Frisco autorización de impacto ambiental por explorar mina en Tetela

Con el objetivo de “reconocer y evaluar los yacimientos de minerales (plata y Oro)”, la empresa Minera Espejeras, S.A. de C.V., subsidiaria de Minera FRISCO, propiedad de Carlos Slim, presentó finalmente ante la SEMARNAT el pasado 29 de junio un estudio para la autorización de impacto ambiental para el proyecto de exploración minera en Tetela de Ocampo.

Excellon Reports on Illegal Action and Union Vote at La Platosa

Excellon Resources Inc. reports that on Monday, July 9th, members of the Edijo de La Sierrita, assisted by the NGO group PRODESC and Sindicato Nacional de Trabajadores Mineros Metalúrgicos, Siderúrgicos y Similares de la República Mexicana which is affiliated with the United Steelworkers Union of Canada (USW) commenced an illegal action at the Company’s La Platosa Mine, located in Durango Mexico.

Premier Announces Closing of Non-Brokered Convertible Debenture Private Placement for $11.5 Million by its Subsidiary Premier Royalty Corporation

Premier Gold Mines Limited is pleased to announce the closing of a private placement by its wholly-owned subsidiary, Premier Royalty Corporation of an aggregate $11,500,000.00 principal amount of convertible debentures of Premier Royalty, which accrue interest at a rate of 8% per annum. The Convertible Debentures mature on May 31, 2013 unless, among other things, they are automatically converted as a result of the occurrence of a going public transaction by Premier Royalty, including the closing of the previously announced business combination transaction involving Premier Royalty and Bridgeport Ventures Inc. Upon completion of the Bridgeport Transaction the principal amount outstanding under the Convertible Debentures together with all accrued interest thereon will be converted into units of Bridgeport at a conversion price of $0.35 per unit (on a pre-consolidated basis), with each unit consisting of one common share of Bridgeport and 0.375 of a Bridgeport warrant (on a pre-consolidated basis). Each whole warrant will be exercisable at a price of $0.50 (each on a pre-consolidated basis) for a period commencing on the date that is six months following the completion of the Bridgeport Transaction and ending on the date that is four years following completion of the Bridgeport Transaction, subject to early expiry upon the occurrence of certain events.

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We are world leaders in testing, inspection and certification services. We are present in all sectors of the economy with solutions and services that enhance the business, avoiding risks, improving operational performance and protecting the reputation and brand of our clients.