Year: 2012

MAG Silver Reports Initial Mineral Resource Estimate At Cinco De Mayo

MAG Silver Corp. is pleased to announce that Roscoe Postle Associates Inc. has completed the first independent mineral resource estimate for the Bridge Zone/Jose Manto on its 100% owned Cinco de Mayo Property in northern Chihuahua, Mexico. Inferred Mineral Resources are estimated to be 12.45 million tonnes at 132 grams per tonne (3.9 ounces per ton) silver, 0.24 g/t gold, 2.86% lead, and 6.47% zinc (9.33% lead plus zinc).

Tarsis Increases Financing to $1.0 million

Tarsis Resources Ltd. is pleased to announce that the financing announced on September 16, 2012 has been oversubscribed. As a result, the offering has been increased from $502,500 to $1,030,500 and is fully subscribed.

Kimber Resources Reports $3.5M Loss for Fiscal Year

Kimber Resources Inc. today reported its financial results for the year ended June 30, 2012, announcing a net loss of $3.56 million or four cents per share for the fiscal year, compared with a net loss of $2.96 million or four cents per share for the previous year.

Wealth Minerals Confirms Potential for Bulk-Tonnage Silver at Valsequillo Project, Mexico

Wealth Minerals Ltd. is pleased to announce that geological mapping and sampling at the Valsequillo property has provided confirmation of bulk-tonnage potential. In the Western Corridor (Figure 1, Table 1), discovery of additional veins and silicified fault zones now outlines a priority target area measuring approximately 900 metres long and 1,000 metres wide. Sampling of artisanal workings (29 samples) returned encouraging grades peaking at 494 g/t silver, 1.07 g/t gold, 11.9% zinc, 4.09% lead and 9.47% copper (data ranges and mean grades are provided in Table 1). Phase II exploration is now being planned with the goal of defining priority targets for drill testing.

Goldcorp Declares Tenth Monthly Dividend Payment for 2012

Goldcorp Inc. is pleased to declare its tenth monthly dividend payment for 2012 of $0.045 per share. Shareholders of record at the close of business on Friday, October 12, 2012 will be entitled to receive payment of this dividend on Monday, October 22, 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.

Oremex Silver Inc. Closes Equity Portion of Private Placement and Announces Additional Equity Private Placement

Oremex Silver Inc. today announced that it has closed the equity portion of the non-brokered private placement previously disclosed by the Company on September 7, 2012. The Equity Private Placement raised gross proceeds of $750,000 through the issue of 13,636,364 units of the Company, each Share Unit consisting of one common share and one common share purchase warrant, at a purchase price of $0.055 per Share Unit. Each Warrant is exercisable into Shares at a price of $0.10 per Share, expiring in five years from the date of issue.

Alphamin Closes Activities in Mexico

Alphamin Resources Corp. is pleased to announce that it has transferred the “Aurora” concessions in the area of Coyuca de Catalan, Guerrero State, to Cigma Metals Corporation.

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