Day: August 22, 2012

MAG Silver Corp. Announces Approximately C$25 Million Private Placement

MAG Silver Corp. is pleased to announce a private placement offering of common shares at a per share price of C$9.40 for gross proceeds of approximately C$25 million. The common shares will be subject to a four month hold period. The Offering is being made by a syndicate of agents led by BMO Capital Markets. The Offering is expected to close on or about September 5, 2012.

Scorpio Mining Intercepts 1.64 Meters of 3.23 g/t gold, 2,510 g/t Silver, 10.25% Copper and 15.7 Meters of 0.57 g/t gold, 439 g/t Silver and 1.87% Copper within the New Emma Trend at El Cajon Project, Mexico.

Scorpio Mining Corporation is pleased to report additional results from drilling along a new trend at its 100% owned El Cajón Deposit near Cosalá, Sinaloa, Mexico. El Cajón is located approximately 13.5 kilometers by road from the 1,500 tonnes per day Nuestra Senora processing plant. The deposit has been the subject of ongoing exploration since 2005 and plans are underway to shorten the road distance from Scorpio’s Nuestra Senora processing plant by approximately 5 kilometers with a new access route.

Silvercrest Announces Trading on NYSE Mkt to Commence August 27, 2012

SilverCrest Mines Inc. is pleased to announce that its common shares have been authorized for listing on the NYSE MKT in New York. The shares will begin trading on the NYSE MKT on August 27, 2012 under the trading symbol “SVLC”. The Company’s common shares will continue to be listed on the TSX Venture Exchange under the trading symbol “SVL”.

Baja Mining Reports on Status of Stage I Financing and Provides Corporate Update

Baja Mining Corp. announces that further to its August 7, 2012 news release, the aggregate US$90 million comprising the Stage I financing which was to have been advanced to MMB by the Korean Consortium by August 20, 2012 under the new standstill agreement has not yet been fully advanced. Baja understands that the Consortium is in discussion with MMB’s lenders.

Mexico proves fertile ground for Azure

A prefeasibility study into ASX-listed Azure Minerals’ Promontorio copper/gold/silver project, in Mexico, has demonstrated the technical and economic viability of the project.

IMPACT Silver Announces Second Quarter 2012 Financial and Production Results

IMPACT Silver Corp. is pleased to announce the financial and production results for the second quarter ended June 30, 2012. IMPACT currently operates four underground silver mines (Chivo, San Ramon, Noche Buena and Gallega) and is building two new mines within the 100%-owned, 623 square kilometer (241 square miles) land package in Mexico. The new mines being constructed are the high-grade, underground silver Oscar Mine (which will replace the Chivo Mine) and the open-pit, poly-metallic Capire Mine, both of which are on schedule and on budget. The commencement of production at the new mines will represent the next phase of growth for the Company with the aim to establish IMPACT as a multi-million ounce silver producer.

Globexplore is a customer focused, technology driven mineral exploration drilling contractor devoted to top of class drilling methods and techniques that only years of experience can achieve. Every day we strive to be the industry leader by providing the highest rate of performance, professionalism, safety and environmental responsibility.

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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.