Day: August 28, 2012

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.

Mundoro Stands Behind Decision of Shareholders

Mundoro Capital Inc. announces that it firmly stands behind all procedures followed during the Annual General and Special Meeting of shareholders held yesterday, August 27, 2012 in Vancouver.

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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• Fast. PhotoSat solutions are ideal for large, inaccessible, or remote sites. With no permits needed, we can efficiently produce engineering-grade surveys and alteration mineral maps over hundreds or even thousands of square kilometers. No site access is required, and all data processing is completed without involvement from ground crews.
• Global. Satellites are not restricted by borders, permits, or ground logistics. We have completed more than 1,300 projects in over 75 countries, with exacting standards of accuracy and consistency.
• Reliable. Each PhotoSat project is produced from satellite photos, with each photo covering hundreds of square kilometers. As a result, our data sets are consistent, time-stamped and robust, with high data point density.
• Innovative. PhotoSat is a leader in satellite-based surveying technology and alteration mineral mapping. We use proprietary deep learning algorithms in our data processing. Our unique technology produces outstanding results that are trusted by mining companies and engineering consultants around the world.