Month: August 2012

Aura Minerals Files Preliminary Economic Assessment on the Aranzazu Project and Provides Clarification on Aranzazu’s Reported Cash Costs

Aura Minerals Inc. announces that, in accordance with National Instrument 43-101 and in support of the Company’s July 18, 2012 news release, it has filed a technical report entitled “Preliminary Economic Assessment of the Expansion of the Aranzazu Mine Zacatecas Mexico” prepared by AMC Mining Consultants (Canada) Ltd. The PEA is available under the Company’s profile on SEDAR at www.sedar.com and on the Company’s website at www.auraminerals.com.

NWM Loan Facility Update

NWM Mining Corporation announces that it has made a US $1.5 million payment due August 31, 2012 pursuant to the terms of the second amended and restated promissory note dated effective October 26, 2011 and the promissory note dated June 12, 2009, as amended. In conjunction with this loan repayment a drawdown of additional funds totalling US $1.0 million was made under the Company’s revolving credit facility.

Excellon Regains Access to La Platosa Mine

Excellon Resources Inc. is pleased to announce that it has regained access to its La Platosa Mine in the state of Durango, Mexico. La Platosa has been under an illegal blockade commenced by the Ejido La Sierrita with the assistance and funding of the non-governmental organization ProDESC and the Sindicato Nacional de Trabajadores Mineros Metalúrgicos, Siderúrgicos y Similares de la República Mexicana, affiliated with the United Steelworkers Union.

Mundoro Responds to Dissident Shareholder Inaccurate Statements

Mundoro Capital Inc. responds to dissident shareholder Northern Minerals Investment Corp. regarding their ongoing accusations which are inaccurate and defamatory. The Company will, as it has previously advised the dissident group’s counsel, provide the requested information once it has been delivered to the Company by its independent scrutineer. The Company is disappointed the dissident group continues to dispute matters that have been decided upon by shareholders.

Dia Bras Announces Record Operating Cash Flow in Second Quarter 2012 Financial Results

Dia Bras Exploration Inc. is pleased to announce the filing of its unaudited Financial Statements and Management Discussion and Analysis for the second quarter of 2012. All amounts are presented in Canadian dollars unless otherwise stated. For the full Financial Statements or MD&A please visit the Company’s website www.diabras.com or SEDAR at www.sedar.com

Citation Commences Targeted Geophysical Airborne VTEM Survey at Biricu and Receives Permission to Access High-Priority Area

Citation Resources Inc. is pleased to announce that further to its May 23, 2012 news release updating exploration activity in Mexico’s Guerrero State, Geotech Ltd. has now commenced flying an airborne versatile time-domain electromagnetic survey over the Biricu Gold Project. In addition, the Company has reached agreement with the Mezcala ejido granting the Company access to high-priority areas to conduct early-stage exploration activities.

Almaden Expands Ixtaca North Zone, Cuts 15.80 Meters 4.5 g/t AuEq (0.65 g/t Au and 190.2 g/t Ag)

Almaden Minerals Ltd. is pleased to announce further results from the on-going exploration drill program at the Company’s 100% owned Tuligtic project, Mexico with holes TU-12-161, 165, 169, 173, 175, and 179. These holes were drilled into the Ixtaca North zone on sections 10+750, 10+800 and 10+850. The intersections reported today demonstrate the continuity of this zone as well as the presence of high grades locally. On these sections mineralisation was also intersected in the overlying volcanic units. Highlights from the holes released today include the following intercepts (a more complete list of intercepts is shown in the table below):

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Layne, A Granite Company, provides sustainable solutions for water resources and mineral exploration. Originally established in 1882, Layne offers a rich history of delivering safe, professional, and reliable water and minerals solutions throughout North and South America. Granite acquired Layne and its subsidiaries in the fall of 2018, to further Granite’s strategy to grow through acquisition and diverse end market expansion.