Galore Resources Inc. announces that the TSX Venture Exchange has granted its acceptance to extend warrants issued in connection with a non-brokered private placement originally completed in October, 2009. The original expiry date of these warrants was October 27, 2011 and they had been extended to expire October 27, 2012. The expiry of these warrants will now be extended by an additional six months.
Bandera Gold Ltd. announced today a proposed non-brokered private placement of up to of 12,000,000 units of Bandera at a price of $0.05 per unit, for proceeds of up to $600,000. Each unit will consist of one common share and a half warrant. Each whole warrant entitles the holder to purchase an additional common share at a price of $0.10 per share for a period of two years from closing of the private placement.
First Mexican Gold Corp. has entered into a letter of engagement with Euro Pacific Canada Inc. pursuant to which the Agent has agreed to place, on a commercially reasonable best efforts basis, up to ten million units of the company at a price of $0.10 per unit for gross proceeds of up to $1.0 million dollars. 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 $0.14 for a period of 24 months from closing.
Canasil Resources Inc. announces that Canasil was featured in the Korelin Economics Report radio show on Saturday October 20, 2012. Al Korelin and Bahman Yamini, President & CEO of Canasil, discussed the Companys La Esperanza silver-lead-zinc project, where MAG Silver Corp. has mobilized for a 3,500 metre diamond drill program under an option agreement to earn a 60% interest through CAD$ 5,000,000 in exploration expenditures from September 2010 to September 2014. The interview also covered Canasils Salamandra silver-copper-zinc and Sandra-Escobar silver-gold projects in Durango State, Mexico, both hosting potentially large mineralized systems with significant exploration completed to date.
AuRico Gold Inc. is pleased to provide an update on its exploration program at the El Chanate mine located in Sonora, Mexico.
Mercator Minerals Ltd. is pleased to announce today that its wholly-owned subsidiary, Mercator Minerals (Barbados) Ltd, has a non-binding letter of intent with Silver Wheaton (Caymans) Ltd., a subsidiary of Silver Wheaton Corp., to amend the silver purchase agreement.
Paramount Gold and Silver Corp. announced today that it has received the final results from a large-scale,comprehensive metallurgical test program for its 100%-owned SanMiguel Project in northern Mexico. The results predict highrecoveries of gold and silver from either a milling/cyanide leach orconventional milling/flotation process. The data will now beevaluated by Scott E. Wilson Consulting for inclusion in theirPreliminary Economic Assessment of the San Miguel Project scheduledfor the end of this year.
NSX Silver Inc. has, subject to regulatory approval, retained Venture Liquidity Providers Inc. to initiate its market-making service to provide assistance in maintaining an orderly trading market for the common shares of the company.
Camino Minerals Corporation is pleased to announce that it has selected Major Drilling Group International Incorporated to carry out a 2,000 metre reverse circulation drill program at the El Secreto Gold, Silver and Copper Project located in Sinaloa State, Mexico. This will be the first ever drill program to be carried out at El Secreto. Drilling is expected to commence within the next several weeks.
Oremex Silver Inc. announced that it has closed the first tranche of the non-brokered private placement previously disclosed by the Company on October 1, 2012. The first tranche of the Private Placement raised gross proceeds of $318,850 through the issue of 5,314,166 units of the Company, each Share Unit consisting of one common share and one common share purchase warrant, at a purchase price of $0.06 per Share Unit. Each Warrant is exercisable into Shares at a price of $0.10 per Share, expiring in five (5) years from the date of issue.
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.
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.
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