Day: November 5, 2012

Baja Mining down 14% in funding aftermath

Baja Mining Corp. (TSX: T.BAJ, Stock Forum) was the second most active stock on the TSX. It fell 13.8% and was trading at $0.125 on volume of 4.1 million shares. On Nov. 2, the mine development company announced it had received $84 million in additional funding from the Korean Consortium for the Boleo copper-cobalt-zinc-manganese project

Goldcorp declares eleventh monthly dividend payment for 2012

GOLDCORP INC. is pleased to declare its eleventh monthly dividend payment for 2012 of $0.045 per share. Shareholders of record at the close of business on Thursday, November 15, 2012 will be entitled to receive payment of this dividend on Friday, November 23, 2012. Goldcorp has paid a monthly dividend to its shareholders since 2003. Canadian resident individuals who receive dividends from Goldcorp after 2005 are entitled to an enhanced gross-up and dividend tax credit on such dividends.

Southridge Declares Cash Dividend and Discusses Future Operations

Southridge Enterprises Inc. is pleased to announce today that Southridge Minerals, Inc., its wholly owned subsidiary, today announced a cash dividend of $0.00003 per common share, payable on November 22, 2012 to shareholders of record at the close of business November 15, 2012. The dividend represents a payout of just over 5% of the recently reported quarterly net income.

Canasil Identifies Potential for Large Scale Silver, Zinc, Copper Mineralization at the Salamandra Project in Durango State, Mexico

Canasil Resources Inc. announces that the exploration program at the Salamandra silver-zinc-copper project in Durango State, Mexico, continues to indicate the potential for a buried intrusive and carbonate hosted massive sulphide skarn/manto replacement system. Significant silver-zinc intercepts from prior drilling, results of both airborne and surface geophysical surveys, discovery of a high grade silver-copper-zinc vein outcrop, and widespread silver-copper-lead-zinc-arsenic-antimony geochemical anomalies observed in the 2011/2012 surface sampling programs indicate the potential for a large silver-zinc-copper mineralized system at the Salamandra project. The project geology and results from the exploration program to date show similarities to the San Martin mine located 80 km to the southeast of the project area, which is one of the largest silver – base metal mines in Mexico. A plan view of the project showing the previous 3D-IP geophysical and ZTEM airborne survey areas, past drill program and areas of surface geochemical anomalies is attached below, together with a conceptual section model of the potential mineralized system for reference.

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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.