Month: November 2012

Gold Reserve Updates Shareholders

Gold Reserve Inc. is pleased to provide an update on management’s activities related to arbitration and settlement discussions, debt restructuring, exchange listings, litigation settlement, exploration activities and its financial overview for the third quarter of 2012.

Cream Minerals Announces Filing of Second Quarter Financial Statements and Management Discussion and Analysis and Provides Update on Revised NI 43-101 Technical Report

Cream Minerals Ltd. announces that it will SEDAR file its second quarter financial statements and management and discussion analysis on SEDAR and post these documents to the Company’s web site on November 29, 2012. In addition the Company advises US investors its shares are now quoted and traded on the OTCQB an electronic trading platform owned and operated by the OTC Markets Group. The Company’s symbol remains CRMXF.

Defiance Appoints Matthew Kavanagh as CFO

Defiance Silver Corp is pleased to announce the appointment of Matthew Kavanagh to the position of Chief Financial Officer. Mr. Kavanagh is a chartered accountant with 25 years of experience in accounting and as a Chief Financial Officer for various Canadian companies including several silver miners. Defiance also announces the resignation of Ron Sowerby as Chief Financial Officer. The Board wishes to thank Ron for his contributions to Defiance since its formation.

El Tigre Reports Exploration Highlights and Progress

El Tigre Silver Corp. is pleased to report on exploration progress at its El Tigre silver and gold project. El Tigre is located on concessions that are part of the Company’s 431 square kilometer concession ownership in Sonora, Mexico. The El Tigre mine was operated from 1903 to 1938, and it is estimated to have produced 70 to 75 million ounces of silver and 325,000 and 350,000 ounces of gold.

Red Tiger Reports Third Quarter Results

Red Tiger Mining Inc. today reported that the quarterly unaudited Condensed Interim Consolidated Financial Statements and Management’s Discussion and Analysis report for the three and nine months ended September 30, 2012 have been filed on SEDAR, www.sedar.com and on the Company’s website, www.redtigermining.com .

NWM Announces Proposed Financing, Debt Reduction and Share Consolidation

NWM Mining Corporation is pleased to announce that it has engaged Sunel Securities Inc. as lead agent on a best efforts basis in connection with a proposed private placement of up to 160,000,000 units at an issue price of 0.05 per unit for gross proceeds of up to 8,000,000. Each Unit will consist of one common share and one whole common share purchase warrant. Each Warrant will entitle the holder, on exercise, to purchase one common share at 0.10 for a term of 48 months from the closing date. The proceeds of the Offering will be used to ramp up production at the Lluvia-Jojoba project, to conduct exploration and expand resources and to pay down existing debt as well as for general working capital purposes.

Southridge Minerals Hires NY-Based Magna Group To Expedite OTCBB Up-Listing

Southridge Enterprises Inc. is pleased to announce today that Southridge Minerals, Inc., its wholly owned subsidiary, has now engaged new OTCBB up-listing consultants and investment firm Magna Group Capital Management, LLC. Magna will coordinate leading professional services and utilize established industry contacts to substantially reduce the timeline to complete the up-listing process. Magna has also has committed up to $5,000,000 in capital funding for the Company upon completion of the up-listing process.

Major Potential for Major Drilling

As a fastidious observer of the mining industry at large, I have detected what I believe is a particularly promising investment opportunity in a segment of the industry that receives little fanfare. By facilitating the discoveries and mineral expansions that directly drive growth and development, the providers of contract drilling services have a key role to play in the long-term bull market for copper, gold, coal, and a host of mined commodities. Of those service providers, Major Drilling is a very major force with a worldwide fleet of more than 700 rigs.

Geologix Delays Create Uncertainty

Last week Geologix Explorations announced they are now evaluating a new engineering concept and an alternative processing procedure for their flagship Tepal gold-copper project in Michoacan state, Mexico.

Cerro Resources NL Reports Grant of Options

Cerro Resources NL reports that its shareholders have approved the grant of 1,500,000 options to one of its executive officer. The options will be exercisable at a price of $0.17 until December 31, 2014.

Animas Reduces Operating Costs, Grants Options, Drops Ariel

Animas Resources Ltd. announces that, in line with the Company’s focus on moving the Santa Gertrudis Gold Project towards a production plan, the Company has reduced its operating costs, granted options to a recently appointed director who is also a mining engineer, and dropped a project which is no longer considered a core project.

Dia Bras Announces Third Quarter 2012 Financial Results

Dia Bras Exploration Inc. is pleased to announce the filing of its unaudited Financial Statements and Management Discussion and Analysis for the third quarter of 2012. All amounts are presented in Canadian dollars unless otherwise stated. For the full Financial Statements or MD&A please visit the Company’s website www.diabras.com or SEDAR at www.sedar.com

SilverCrest Reports Additional La Joya High Grade Intercepts 45.0m of 135.5 gpt Ag, 0.11 gpt Au, 1.14% Cu (240 gpt Ag Eq(i))

SilverCrest Mines Inc. is pleased to announce the results of an additional 15 holes (LJ DD12-75 to LJ DD12-89) of the Phase II drill program nearing completion at its La Joya Property in Durango, Mexico. Phase II drilling reported to date has extended the Main Mineralized Trend beyond the area containing the current Inferred Resource of 101.9 million ounces Ag Eq.(i)(see News releases dated March 20 and May 7, 2012 and attached Figure: http://media3.marketwire.com/docs/silvercrestmap1.pdf ). Drilling and surface sampling has extended the Trend to approximately 2.5 kilometres with an average width of approximately 700 metres. Please reference our website at www.silvercrestmines.com for more information, photos and figures on La Joya.

Kootenay Silver Announces 30,000 Meter, Multi?]Phase Drill and Resource Expansion

Kootenay Silver Inc. is pleased to announce that, further to its press release dated October 31, 2012, announcing that the Company had closed a fully subscribed, $8,253,000 brokered private placement financing, it has secured drilling contracts and has begun mobilizing drill rigs to commence a major, multi-phase, 30,000 meter drill and resource expansion program on its flagship Promontorio Silver Project in Sonora, Mexico. The upcoming drill and resource expansion program is expected to employ up to five drill rigs at full capacity, representing the single largest drilling campaign conducted on the Promontorio project to date.

Arian Silver Signs Definitive Contract for New 500 tpd Processing Plant

Arian Silver Corporation, a silver exploration, development and production company with a focus on projects in the silver belt of Mexico, is pleased to announce the signing of a definitive contract for exclusive use of a newly refurbished processing plant located close to the City of Zacatecas. The Plant has a rated capacity of 500 tonnes per day and is expected to become operational during December.

High Desert Gold Corporation Files Third Quarter 2012 Financial Statements

High Desert Gold Corporation reports that it has released its unaudited condensed interim consolidated financial statements for the three and nine months ended September 30, 2012 and the related management’s discussion and analysis of financial position and results of operations. In this press release, all amounts are reflected in U.S. dollars.

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