Month: August 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.

MacMillan Corporate Update

Mr. Thomas Skimming, CEO of MacMillan Minerals Inc. is pleased to announce that the Company has completed the SEDAR filing of its Unaudited Financial Statements for the nine month period ended June 30, 2012 and the accompanying Management Discussion and Analysis.

Confirma la población de Tetela el rechazo a la minera de Carlos Slim

Una mayoría de tetelenses confirmó este domingo su rechazo absoluto el proyecto de Minera Frisco, propiedad de Carlos Slim, que pretende instalar una explotación a cielo abierto para la producción de oro en la región de La Cañada, y ha hecho un llamado a la construcción de un programa de desarrollo regional sustentable e integral alternativo a la mega minería.

Mundoro Announces Q2 2012 Financials and Update on Exploration in Serbia and Mexico

Mundoro Capital Inc. announces the filing of the Company’s financial results for the quarter ended June 30, 2012. The highlights provided in this release should be read in conjunction with the Company’s quarterly financial statements and Management Discussion and Analysis, which are available on SEDAR at www.sedar.com. All dollar amounts are in U.S. dollars unless otherwise stated.

Orex and Fresnillo Commence Drilling at Coneto Silver-Gold Project in Durango

Orex Minerals Inc. in conjunction with their project partner Fresnillo PLC have commenced the Phase-II 12,000 metres diamond drilling program on their Coneto Silver-Gold Project in Durango, Mexico. A joint technical committee, with both Orex and Fresnillo representation, will manage the Coneto project.

Mundoro Announces Q2 2012 Financials and Update on Exploration in Serbia and Mexico

Mundoro Capital Inc. announces the filing of the Company’s financial results for the quarter ended June 30, 2012. The highlights provided in this release should be read in conjunction with the Company’s quarterly financial statements and Management Discussion and Analysis, which are available on SEDAR at www.sedar.com. All dollar amounts are in U.S. dollars unless otherwise stated.

First Majestic Announces Appointment of VP of Exploration

First Majestic Silver Corp. is pleased to announce the appointment of Guillermo Lozano as Vice President of Exploration who will head all exploration activities at the Company’s growing portfolio of projects in Mexico.

Baja Mining Reports Waiver to Standstill Agreement

Baja Mining Corp. today announced that the lenders to its 70% owned subsidiary, Minera y Metalurgica del Boleo S.A. de C.V. have agreed to a waiver to the second standstill agreement (as described in Baja’s news release of August 7, 2012).

Evrim Resources Corp.: Second Phase Drill Program Approved at the Suaqui Verde Property

Evrim Resources Corp. is pleased to announce that a second phase drilling and exploration program has been approved by partner Inmet Mining Corporation at the Company’s Suaqui Verde copper-molybdenum porphyry project in Sonora, Mexico. Evrim and Inmet have also received remaining assay results from the first phase drilling program. The approved program is designed to test a combination of geophysical targets and exposed surface targets within the Adriana system and the surrounding basin and will include preliminary geological and geophysical work on the Cardelena project, recently optioned by Inmet.

Azure Minerals Limited Provides Exploration Update

Azure Minerals Limited, the Mexican-focused minerals exploration company, is pleased to provide shareholders with an update of recent developments on two of the Company’s 100%-owned properties, La Tortuga and El Tecolote. The Company has in place farm-in agreements with the Japanese Government organisation, JOGMEC, over these projects through two separate joint ventures. Azure is free-carried for the first US$16 million of exploration expenditure.

Cream Minerals Announces New Office Address

Cream Minerals Ltd. is pleased to announce that it is relocating to new offices. The move is intended to result in savings of monthly office rent. Effective Thursday August 23, 2012, the Company’s new office is located at the following address:

MAG Silver Corp. Confirms C$33.1 Million Private Placement

MAG Silver Corp. is pleased to announce that its previously disclosed private placement will be an offering of 3,526,210 common shares at a per share price of C$9.40 for gross proceeds of approximately C$33.1 million. The common shares will be subject to a four month hold period. The Offering is expected to close on or about September 5, 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.

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