Month: October 2012

Teck Resources Q3 Profit Declines On Lower Revenues

Canadian mining company Teck Resources Ltd. (TCK: Quote, TCK_A.TO, TCK_B.TO) Wednesday released the financial results for the third quarter ended 30 September 2012, reporting a sharp decline in profit on lower revenues.

Oroco Resources Corp : October 22 2012 Xochipala Amparo Filed

Oroco Resource Corp. announces that its wholly-owned subsidiary, Minera Xochipala S.A. de C.V. has been served with notice of an “amparo” petition seeking to overturn the registration to MX by the Mexican Public Registry of Mining of an interest in the Celia Gene and Celia Generosa mineral concessions located in Guerrero State, Mexico. The registration process in question began with an application by MX in March, 2008 to the PRM for registration of its 2007 acquisition of the Xochipala Concessions, including the interest purchased from the estate of a Mexican citizen, Hector Camacho (the “Camacho Estate”), which constituted fifty percent (50%) of the Celia Gene concession and all (100%) of the Celia Generosa concession.

Lincoln Mining Updates Private Placement

Lincoln Mining Corporation, TSX-V: LMG announces that further to its news release of September 26, 2012, the Company plans to increase its non-brokered private placement to up to 6,000,000 shares at a price of $0.05 per share for total proceeds of up to $300,000.

Capstone Reports Board Change

Capstone Mining Corp. today announced that Korea Resources Corporation’s (“KORES”) representative on Capstone’s board of directors has changed. Pursuant to formation of the strategic partnership for the development of the Santo Domingo project and Shareholders Agreement for the project between Capstone and KORES dated June 17, 2011, KORES is entitled to appoint one representative to Capstone’s board.

Almaden Drilling Hits 25.7 Meters of 3.4 g/t AuEq (0.86 g/t Au, 127.8 g/t Ag) on Northeast Extension, Hits on Ixtaca North Zone and Expands Main Ixtaca Zone to Northeast

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-12-176, 181, 186, 188 to 195, 197 to, 200, 203, 205, 206, 209 and 216. The holes were drilled as part of Almaden’s on-going four drill exploration program which has been designed to enable the calculation of a preliminary resource estimate. The intersections reported today demonstrate the continuity of the known mineralisation as well as the presence of high grades locally. Highlights from the holes released today include the following intercepts:

Paramount Gold and Silver Climbs 3% on Gold Project Results

Paramount Gold and Silver Corp. ( PZG ) is up 3.23% to $2.56 after announcing that it has received the final results from a large-scale, comprehensive metallurgical test program for its 100%-owned San Miguel Project in northern Mexico.

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.

All News

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.