Day: September 21, 2012

Letter from Gabriel Zendejas on Recent Attacks in the Municipality of Urique, Chihuahua

Last week, acts of terrorism occurred in the Sierra of Chihuahua within the Municipality of Urique in Chihuahua state, where for more than a year, we have been living with criminal groups engaged in robbing and killing those who resist, without the authorities being able to stop them. Last week, the company Gold Corp., Mina El Sauzal suffered the kidnapping of two employees. The distributors from Sinaloa have cancelled deliveries due to the lack of security along the stretch of road from Choix passing through El Potrero and Tubares where there are frequent checkpoints manned by heavily armed thugs who, in the best of cases, only rob them. Faced with this situation, the managers of the mine chose to evacuate all remaining staff by small planes. In La Cieneguita – Lluvia de Oro, Municipality of Urique, Chihuahua there are two mining companies, Minera Rio Tinto, S.A. de C.V. to which I have been serving as General Manager, and Dia Bras, the owner of the Piedras Verdes underground mine. We have an open pit mine. We were asked to provide a list of all personnel under the pretext of finding enemies hiding among the mine workers, or they threatened to come and kill everyone.

Sucesos en La Cieneguita, Mpio. Urique, Chih.

La semana pasada se sucedieron hechos de terrorismo en la Sierra de Chihuahua dentro del Municipio de Urique en el Estado de Chihuahua en donde hace ya mas de un año se convive con grupos delictivos que se dedican a asaltar y a matar a los que se les enfrentan, sin que las Autoridades hayan podido ponerles freno, el caso es que la semana pasada la Empresa Gold Corp., Mina El Sauzal resintió el secuestro de dos Empleados, además de que los Proveedores del Estado de Sinaloa se han retirado al no tener garantías de circular de Choix por El Potrero y Tubares por los frecuentes retenes de malandros armados hasta los dientes que, en el mejor de los casos solo les roban, ante esta situación los Directivos de la Mina optaron por evacuar a su Personal vía aérea, un tren de aviones hasta sacar vivo al ultimo. En La Cieneguita Lluvia de Oro, Mpio. Urique, Chihuahua están dos Empresas Mineras Minera Rio Tinto, S.A. de C.V. a la que he venido prestando servicios en calidad de Gerente General y Piedras Verdes de Minera Dia Bras con minados subterráneos en tanto Nosotros explotamos a Cielo Abierto. Se Nos pidieron a ambas Minas las listas de Personal so pretexto de buscar infiltrados de los contras que provenían de Choix y venían a matar a todos?

VVC Exploration Completes Financing

VVC Exploration Corporation is pleased to announce that it has completed a financing aggregating $387,500 representing 7,751,620 units at a price of $0.05 per Unit. Each Unit consists of one common share and one common share purchase warrant of the Company. Each Warrant entitles the holder to purchase one additional common share of the Company at $0.12 per share until August 31, 2013 and thereafter at $0.18 per share until August 31, 2014.

NWM Mining Corporation : NWM Successfully Negotiates Extension of Debt Facility to June 2013

NWM Mining Corporation announces an extension of the debt facility coming due in December 2012 to June 14, 2013. US $500,000 of interest payable in September and October will be capitalized in the form of a convertible debenture with a strike price of $0.06 due September 20, 2013. This convertible bears interest at a rate of 15% and is not subject to amortization repayments. A cash payment of $150,000 is payable and 10,500,000 common shares of NWM will be issued on closing.

Chesapeake’s Metates Pre-Feasibility Study Near Completion-Q4 Release

Chesapeake Gold Corp. reports on the current status of the pre-feasibility study on its 100% owned Metates project located in Durango State, Mexico. The Metates project contains a NI 43-101 measured and indicated resource of 19.0 million ounces gold and 519 million ounces silver together with 4.2 billion pounds of zinc (see NR2-2012 dated February 16, 2012) making it one of the largest undeveloped gold-silver projects in the Americas.

Oroco Announces Commencement of Exploration at its Xochipala Project

Oroco Resource Corp. is pleased to announce the commencement of an exploration program on its Xochipala Project in Guerrero State, Mexico. The project is located at the southern end of a gold rich district in Mexico called the Guerrero Gold Belt. To date more than 19 million ounces of NI 43-101 compliant gold resources in all categories have been reported, including Los Filos (goldcorp inc.:13.58 million ounces gold proven)(goldcorp inc.:probable)(goldcorp inc.:measured)(goldcorp inc.:indicated)(goldcorp inc.:and inferred as at 2011); El Limon and Los Guajes (torex gold resources inc.:5.44 million ounces gold measured)(torex gold resources inc.:indicated and inferred ounces as at September)(torex gold resources inc.:2012); and Ana Paula (newstrike capital inc.:currently estimating its resource). The Xochipala Property is the last remaining under-explored target in the GGB that has geological characteristics similar to the known deposits, including the existence of a strong magnetic signature and extensive areas of alteration associated with the contact between intrusives and sediments.

Azure Minerals Limited : Share Placement

Azure Minerals Limited announces that it has received commitments to participate in a share placement of 39,000,000 fully paid ordinary shares at $0.018 each to raise $702,000. Options exercisable at 2 cents each and expiring 2 years from their issue date will also be allocated on the basis of one free option for every two shares subscribed.

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.

We are world leaders in testing, inspection and certification services. We are present in all sectors of the economy with solutions and services that enhance the business, avoiding risks, improving operational performance and protecting the reputation and brand of our clients.