Month: July 2012

Victory Resources Corp. Completes the Transaction for the El Boleo Property

Victory Resources Corp. is pleased to announce that it has completed the acquisition of the El Boleo property from Minera Copper Canyon S.A. de C.V. a private Mexican corporation. The transaction will allow the Company to acquire up to a 100% interest in El Boleo which is located adjacent to the historic Reforma Mine, the Santo Tomas Copper-Gold deposit, and in close proximity to the Bahuerachi Copper Deposit.

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).

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.

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.

Torex Signs A Five-Year ‘South Of The River’ Exploration Agreement

Torex Gold Resources Inc. is pleased to announce that its wholly-owned subsidiary in Mexico, Minera Media Luna S.A. de C.V., has signed a five-year exploration access agreement with the Puente Sur Balsas Ejido, for all of the Ejido common use lands. This agreement includes access to the majority of the area of the new discovery at Media Luna, which was announced by the Company last month.

Aurcana Reports: Record Silver Production, up 54% at La Negra Mine; Update on Ramp-Up Phase at the New Shafter Mine

Aurcana Corporation is pleased to report silver production for Q2 2012 of 373,037 ounces compared to 257,508 in Q2 2011, the largest quarter for silver production in Aurcana’s history. Silver production for the second quarter of 2012 increased 44.9% compared to Q2, 2011. Silver Equivalent increased 54.0% to 689,275 for Q2 2012, compared to 447,533 in Q2 2011. Year to date silver was up 32.7% 660,253 in 2012 YTD, compared to 497,783 in 2011 YTD.

Esperanza Reports Cerro Jumil Drill Results

Esperanza Resources Corp. is pleased to report recent drill results from its Cerro Jumil gold project in Morelos, Mexico. The reported results are primarily from in-fill drill holes designed to upgrade previously reported inferred and indicated resources. Highlights of the drill results are as follows:

Mercator Minerals Reports Second Quarter 2012 Production Results

Mercator Minerals Ltd. is pleased to announce production for the three months ended June 30, 2012 from its wholly-owned Mineral Park Mine was 21.4 million pounds of copper equivalent*, which consisted of 9.5 million pounds of copper in concentrates and cathode copper, 2.6 million pounds of molybdenum and 155,000 ounces of silver.

NSX Silver reports more high grade silver drill intercepts at Dios Padre Project

NSX Silver Inc. is pleased to announce additional results from its recently completed Phase 1 drilling program at the Dios Padre Silver Project located in Sonora State, Mexico. These results are from holes DP-13-2012 through DP-16-2012 which were drilled in and beneath the area of historic mining. These drill holes were sited over a 120 meter by 70 meter area that constitutes only part of the surface foot print of the historic workings.

Golden Goliath Regional Update

Golden Goliath Resources Ltd. is pleased to provide an update on some of the activity in and around its Uruachic Mining Camp. Over the years the entire Camp has been covered by mineral claims. While Golden Goliath was first to the Camp and believes it has the best ground, the most significant work is being done adjacent to Golden Goliath’s Nopalera property by Fresnillo PLC who drilled 37,580 metres in 51 holes and constructed the first 300 metres of an exploration adit in 2011 on their Orisyvo project.

Silver Sun announces $1,200,000 non-brokered private placement

Silver Sun Resource Corp. announces the commencement of a non-brokered private placement offering of up to 10,000,000 units at a price of $0.12 per unit for gross proceeds of up to $1,200,000. Under the terms of the Offering each unit will consist of one common share in the capital of the Company and one non-transferable common share purchase warrant. Each Warrant shall entitle the holder to purchase one additional common share of the Company for a period of two years from the date of issue, at a price of $0.17 per Warrant Share during the first year, at a price of $0.25 per Warrant Share during the second year.

Cayden Drills 28.5 Meters Of 3.21 g/t Au at Las Calles

Cayden Resources Inc. is pleased to announce that it has received additional drilling results from its Las Calles target at the Morelos Sur Gold project, central Guerrero State, Mexico. The drilling highlights at Las Calles include 28.5 meters of 3.21 g/t Au including 10.8 m of 7.81 g/t Au, including 2 m of 26.3 g/t Au (LCDD0101), 7.7 m of 2.44 g/t Au (LCDD0096), and 39.3 m of 0.65 g/t Au (LCDD0102). The results occur in the same extremely fractured and iron oxide-rich diorite sill from which earlier significant results were previously reported (see NR dated March 5, 2012) as well as historical results reported by IMMSA, a subsidiary of Grupo Mexico (see 43-101 technical report filed on ). The aggregate results indicate the potential for a deeper, lateral extension of the ore body currently being mined by a subsidiary of Goldcorp, at the adjacent Los Filos mine. At present, Las Calles mineralization is open in all directions. Drill hole locations are shown at . Cayden is currently drilling at its La Magnetita target and expects to release results in the near future.

Vista Gold Corp. Appoints VP Corporate Development

Vista Gold Corp. today announced the appointment of Seth L. Foreman as Vista’s Vice President Corporate Development. Mr. Foreman will report to Vista’s Chief Financial Officer, Jack Engele, and will focus on corporate strategic planning, evaluation of new business opportunities, and the Company’s efforts to secure project financing for the Mt. Todd gold project in Australia. Given Mr. Foreman’s strong background in investor relations for both junior and major mining companies, he will also play an important role in Vista’s efforts to identify and attract new investors and analysts. Prior to his appointment, Mr. Foreman served as Director of Investor Relations and Business Development for General Moly Inc. Previously, Mr. Foreman worked for Newmont Mining Corporation where he held the positions of Manager of Investor Relations and Manager of Strategic Communications and Public Affairs. Mr. Foreman holds an MBA in Finance from the University of Denver and a Bachelor of Arts in Economics from Bucknell University.

Goldcorp declares seventh monthly dividend payment for 2012

GOLDCORP INC. is pleased to declare its seventh monthly dividend payment for 2012 of $0.045 per share. Shareholders of record at the close of business on Thursday, July 19, 2012 will be entitled to receive payment of this dividend on Friday, July 27, 2012. Goldcorp has paid a monthly dividend to its shareholders since 2003. Canadian resident individuals who receive dividends from Goldcorp after 2005 are entitled to an enhanced gross-up and dividend tax credit on such dividends.

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