Month: December 2012

Colibri Announces Option Agreement for Internal Claims at the Ramard Project

Colibri Resource Corporation is pleased to announce that it has entered into an option agreement dated December 20, 2012 for the acquisition of two additional mining claims located within the Company’s Ramard concessions in Sonora, Mexico. The two claims are called “Picacho” and “El Dorado”, and are 60 and 64 hectares in size, respectively.

SilverCrest Reports Additional La Joya High Grade Intercepts 80m of 78.8 gpt Ag, 0.31 gpt Au, 0.5% Cu (137 gpt Ag Eq(i))

SilverCrest Mines Inc. is pleased to announce the results of an additional 15 holes (LJ DD12-90 to LJ DD12-104) of the Phase II drill program at its La Joya Property in Durango, Mexico. These are the final results for the Phase II drilling program. Phase II drilling results reported to date have extended the Main Mineralized Trend beyond the area containing the current Inferred Resource of 101.9 million ounces Ag Eq.

Santacruz Silver Announces Resource and Drilling Update at Rosario and Clarifies Disclosure

Santacruz Silver Mining Ltd. is pleased to announce the completion of an updated NI 43-101 mineral resource estimate on its Rosario Project in the Charcas Mining District, San Luis Potosi, Mexico. The mineral resource estimate was completed by Gustavson Associates, LLC, of Lakewood, Colorado. The measured and indicated silver equivalent resource amounts to 10.2 million AgEq ounces while the inferred resources stand at 2.5 million AgEq ounces. The initial resource estimate at the Rosario Project included only inferred resources and subsequent exploration work performed at the property by Santacruz has successfully upgraded 86% of these inferred resources to measured and indicated.

Mercator Minerals Secures Debt Facility to Replace El Pilar Pre-Construction Credit Facility

Mercator Minerals Ltd., further to the Company’s September 28, 2012 press release, is pleased to announce that it has executed an agreement with RMB Australia Holdings Limited (“RMB”) for a $30 million corporate debt facility arranged by RMB Resources Inc., a resource financing division of the FirstRand Group of South Africa. The Company has drawn down $27.3 million of the Facility. The remainder of the Facility will be available to Mercator once certain security is registered in Mexico.

Yale Summarizes 2012

Yale Resources Ltd. is pleased to provide a summary of its activities in 2012 and give an overview of its plans for 2013.

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