Aura Silver Resources Inc. is pleased to announce that Mr. Alain Vachon has accepted the position of Vice President Exploration of Aura Silver. In addition, Mr. Nick Tintor has accepted an appointment to the Board as an independent Director. Alain replaces Mr. Eric Craigie who has retired from his management position but who will remain with the Board as a Director.
Chesapeake Gold Corp. wishes to report on the current status of the pre-feasibility study of its 100% owned Metates project located in Durango State, Mexico. One of the largest undeveloped gold-silver projects in the Americas, Metates contains a NI43-101 measured and indicated resource of 1.18 billion tonnes at a grade of 0.50 g/t gold and 13.7 g/t silver containing 19.0 million ounces gold and 519 million ounces silver together with 4.2 billion pounds of zinc (see NR2-2012 dated February 16, 2012).
Aurcana Corporation is pleased to report its unaudited financial results for the first quarter ended March 31, 2012. The summary of the selected financial information should be read in conjunction with the Condensed Interim Consolidated Financial Statements (Unaudited) and the related Management Discussion and Analysis for the quarter ended March 31, 2012 dated May 24, 2012 together referred to as the “Financial Statements”, which have been filed on SEDAR (www.sedar.com) and the Company’s website (http://www.aurcana.com). All figures are in US dollars unless otherwise noted.
Mexicos government says it will protect a half-million acres held sacred by the Huichol Indian tribe that inspired a protest movement against a Canadian companys silver-mining concessions in the northern desert.
Esperanza Resources Corp. is pleased to announce that it has closed the previously announced private placement of 24,000,000 special warrants at a price of C$1.25 per Special Warrant for aggregate gross proceeds of C$30 million. The Offering was conducted through a syndicate of agents co-led by Cormark Securities Inc. and National Bank Financial Inc. and including Canaccord Genuity Corp. and Stonecap Securities Inc. The Agents also partially exercised the Agents’ option and sold an additional 3,214,000 Special Warrants at the Issue Price for additional gross proceeds of approximately C$4 million. As consideration for their services in connection with the Offering, the Company has paid to the Agents a cash commission equal to 6% of the proceeds of the Offering.
Precious metals producer Coeur dAlene Mines said on Thursday production has restarted at its Palmarejo mine in Mexico, following a work stoppage that started at the weekend.
El Tigre Silver Corp. is pleased to provide an update report along with assays from the next three holes from the ongoing Gold Hill core drilling program at its 100% owned El Tigre silver project in Sonora, Mexico.
Arco Resources Corp. announces that it has closed the sale of the Lachiguiri and Silacayoapan properties to Argentum Silver Corp. in accordance with a settlement and purchase agreement dated May 9, 2012 (see Arco’s news release dated May 10, 2012).
Coeur dAlene Mines, the Idaho-based precious metals producer, on Wednesday said it did not believe an illegal strike at its Mexican Palmarejo mine would have a material impact on production.
International Northair Mines Ltd. is pleased to report that recent field work has identified a significant geophysical and geochemical anomaly comprising a target measuring approximately 1,400 metres in length at its 50% owned Sierra Rosario silver/gold project, located in Sinaloa State, Mexico.
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