Day: October 4, 2012

Kootenay Silver Announces $6 Million Private Placement

Kootenay Silver Inc. is pleased to announce that it has entered into an agreement with Dundee Securities Ltd., on behalf of a syndicate including PI Financial Corp. under which the Agents have agreed to offer for sale, on a best efforts private placement basis, 5,720,000 units at a price of $1.05 per Unit for gross proceeds of $6,006,000.

Tarsis Resources doubles financing amount to $1.0 mln

Vancouver-based Tarsis Resources (CVE:TCC) late yesterday said that the financing it announced last month was oversubscribed, and has therefore increased the offering by more than double to $1.03 million.

MAG Silver Mobilizes to Start Phase 2 Drill Program on Canasil’s La Esperanza Project in Durango and Zacatecas States, Mexico

Canasil Resources Inc. announces that MAG Silver Corp. has mobilized crews to prepare for the start of the Phase 2 drill program in early October 2012 at Canasil’s La Esperanza silver-zinc-lead project in Durango and Zacatecas States, Mexico. Plans include up to 3,500 metres of diamond drilling to test three silver-lead-zinc veins in the northwest of the project area. This drill program will be part of the CAD$1,500,000 exploration expenditures required between September 2012 and September 2013 under the option agreement for MAG to earn a 60% interest in the La Esperanza project.

Arian Silver awaiting definitive agreement for the 500tpd mill

Jim Williams, Arian Silver CEO (LON:AGQ CVE:AGQ) tells Proactiveinvestors that while the company is waiting for the interim mill to be agreed upon the ultimate goal is to work towards a bespoke mill to increase milling capacity and ultimately bring production costs right down. Jim also talks about Arian’s biggest shareholder which is also one of world’s biggest silver investors – Sprott Asset Management

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.