Month: August 2012

Mexican Farmers Battle Canadian Mining Company for Control of Their Land

Civil disobedience has halted production at Mexico’s “top grade producer of silver.” Farmers of the La Sierrita village, a close knit community of about 50 families, located 40 minutes north of the city of Gomez Palacio, Durango, have shut down the La Platosa mine owned by Canadian firm Excellon Resources for over a month.

Aurcana Reports Record Results for Q2, 2012

Aurcana Corporation today is pleased to report its unaudited financial results for the second quarter ending June 30, 2012. The summary of the selected financial information should be read in conjunction with the unaudited financial statements and the related management’s discussion and analysis dated August 17, 2012 together referred to as the “Financial Statements”, which have been filed on SEDAR (www.sedar.com) and the Company’s website (http://www.aurcana.com). All figures are in US dollars unless otherwise noted.

Catanava Receives Explosive Permit

Excalibur Resources Ltd. is pleased to announce that its 49% owned subsidiary Minera Catanava S.A. de C.V. has received the permit for use of explosives from the Mexican military called SEDENA (“Secretary of National Defense”). “As the final permit required to begin operations, this is a major milestone as it allows the company to order and use explosives under the supervision of the military and to open up adits on either side of the arroyo and begin processing higher grade underground material at Camino and San Gil veins, rather than dump material which has been used for plant testing,” commented Tim Gallagher, Chairman.

Cayden Resources Raises CAD$5.1 Million through a Non-Brokered Private Placement

Cayden Resources Inc. is pleased to announce that it has increased the non-brokered financing announced on August 8th from $4,200,000 to $5,095,000 as a result of the increased demand. The non-brokered private placement is now complete, gross proceeds of CAD$5,095,000 were raised by issuing 5,095,000 units of the Company at a price of CAD$1.00 per Unit. Each Unit consists of one common share plus one half of one common share purchase warrant with each whole purchase warrant exercisable into a common share at a price of $1.50 for a period of 24 months from closing. The common shares and the common share purchase warrants are subject to a four month hold period expiring December 17, 2012.

Bold Board Member Passes Away

Bold Ventures Inc. regrets to announce the passing of its well-known director Jerry Bulman at the age of 69.

Major Drilling Group International Inc. is one of the world’s largest drilling services companies primarily serving the mining industry. Established in 1980, Major Drilling has over 1,000 years of combined experience and expertise within its management team alone.

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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.