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

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):

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.

Silver Bull Intersects 170.4g/t Silver Over 50.35 Meters Including 385.6g/t Over 11.35 Meters and 307g/t Over 7.95 Meters on the Sierra Mojada Project, Coahuila, Mexico

Silver Bull Resources, Inc. is pleased to announce the drill results for the third batch of 6 holes from the underground drill program twinning a series of “long holes” in a high grade silver zone situated at the eastern end of the Shallow Silver Zone on the Sierra Mojada Project in Coahuila, Northern Mexico.

Technical Report on the Avino Property

Avino Silver and Gold Mines Ltd. is pleased to announce the results from a Technical Report on the Avino Property prepared by Tetra Tech, an independent engineering consultant commissioned by Avino. The Technical Report was filed on SEDAR on July 25, 2012, under the Company’s SEDAR profile.

Geologix Commences Drill Program to Test 5 New Target Areas at Tepal

The program of Reverse Circulation drilling has 30 initial holes planned for testing five prospective new zones (Target Areas 1 through 5) as outlined through the Company’s recent geophysical and surface sampling programs. Additional holes may be targeted based on assay results received during the initial drilling phase. Drilling has started within Target Area #3, where the Company recently reported a high concentration of elevated gold and silver values in rock samples within an area measuring 1,800 metres (“m”) by 600m located near the project’s proposed mill site. Individual assays up to 6.88 grams per tonne (“g/t”) gold over 2.0m and 433 g/t silver over 1.6m were sampled within Target Area #3, as previously announced (see news release dated June 13, 2012 and/or the Company’s website at www.geologix.ca for more details).

Hecla Clarifies Record Date for Preferred Dividend

Hecla Mining Company today announced its Board of Directors has elected to declare the regular quarterly dividend of $0.875 per share on the outstanding Series B Cumulative Convertible Preferred Stock.

Scorpio Gold Corporation : Announces its Unaudited Financial and Operating Results for the Second Quarter of 2012

Scorpio Gold Corporation is pleased to announce its unaudited financial and operating results for the second quarter ended June 30, 2012. This press release should be read in conjunction with the Company’s Management Discussion & Analysis, Financial Statements and Notes to Financial Statements for Q2, available on the Company’s website at www.scorpiogold.com and on SEDAR at www.sedar.com. All monetary figures are expressed in US dollars unless otherwise specified.

International Millennium Mining Corp. Reports 2nd Quarter Results

Millennium Mining Corp. reports its 2nd Quarter 2012 financial statements and MD&A for the 2nd Quarter ended June 30, 2012. Pursuant to the requirements of National Instrument 54-102, this news release provides a summary of the information contained in the Quarterly Report.

Almaden Steps Out to West, Cuts 30.90 Meters 4.6 g/t AuEq (1.65 g/t Au and 145.4 g/t Ag) in Volcanic Rocks

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-12-160, 163, 167, 171, 172, 177, 182, 183, 185 and 187. Apart from hole TU-12-172, all holes reported today are from sections 10+150 and 10+200 at the extreme southwest end of the known mineralisation. The intersections reported today from both these sections indicate that significant mineralisation exists in volcanic rocks in this area. Hole TU-12-172 was drilled on section 10+450 into the Main Ixtaca Zone.

Baja Mining Announces Completion of Stage I Financing

Baja Mining Corp. reports that the Korean consortium has contributed US$90 million to its subsidiary Minera y Metalurgica del Boleo S.A. de C.V. completing Stage I of the financing announced by Baja on July 26, 2012.

Adelita Gold-Copper Project Expanded, New Skarn Zone Discovered

Mapping by Ocean Park has discovered mineralized skarn on the new claim with copper mineralization that is visually similar to that drilled at Cerro Grande. Assay results from this new skarn, the “Andalucia” zone, are pending. At this time, the skarn has been exposed in a series of trenches across 75 metres of strike in an area of limited bedrock exposure. As at Cerro Grande, the skarn is developed at the contact between the same granodiorite intrusion to the east and metasediments and metavolcanics to the west, with a strong structural control. The new zone is 2.5 kilometres south of previous drilling and indicates the mineralized intrusive-sediment contact has multi-kilometre, multi-zone potential.

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