Corex Gold Corp. is pleased to advise it has subject to TSX Venture Exchange approval, completed, a non-brokered private placement for 13,481,250 units at a price of $0.08 per Unit. Each Unit consists of one common share and one share purchase warrant. Each Warrant entitles the holder to subscribe for one common share at a price of $0.15 for a period of twenty four months following the closing of the Financing.
Oro Mining Ltd is reminding shareholders of its recommendation to reject the opportunistic “lowball” offer by Wexford Spectrum Trading Limited and Wexford Catalyst Trading Limited, private hedge funds managed and controlled by Wexford Capital LP, to acquire any and all common shares of Oro at a price of $0.11 per common share, which offer is currently set to expire at 5:00 p.m. (Eastern time) on Thursday, August 9, 2012.
Almaden Minerals Ltd. is pleased to announce further results from the on-going exploration drill program on the Company’s 100% owned Tuligtic project, Mexico with holes TU-12-159, 162, 164, 166 and 168. Holes TU-12-164 and 168 were drilled on section 10+425E into the Main Ixtaca Zone. Holes TU-12-159, 162 and 166 were drilled at 070 degrees on section 50+000N into the Northeast Extension Zone, which trends perpendicular to the Main Ixtaca Zone. The intercepts in holes TU-12-159, 162 and 166, together with previously reported holes on this section show the Northeast Extension to be continuously mineralised over 400 meters downdip. Holes TU-12-164 and 168 on section 10+425E show the presence of variability and high grades in this part of the Main Ixtaca Zone. Highlights from the holes released today include the following intercepts (a more complete list of intercepts is shown in the table below):
Timmins Gold Corp. announces that its second quarter financial statements will be released prior to market open on August 14, 2012, followed by a conference call to discuss the results at 11:15 am (EST). Participants may join the call by dialing toll free 1-888-789-9572 (Canada and U.S.) or 1-416-695-7806 (International) with the passcode 5608657. A replay of the call will be available after the call until August 21, 2012, by dialing 1-800-408-3053 (Canada and U.S.) or 1-905-694-9451 (International) with the passcode 4258434. A live and archived audio webcast will also be available at www.timminsgold.com.
Toronto-listed Baja Mining Corp said it signed another standstill agreement with lenders to its 70-percent-owned Boleo copper-cobalt-zinc project in Mexico after its Korean partners agreed in July to inject $90 million into the development.
Arranges $75 Million Revolving Bank Line of Credit With Scotiabank
Levon Resources Ltd, is pleased to report that further to the news release of June 19, 2012, it has filed the updated NI 43-101 compliant resource report on Sedar for the Cordero Project in Chihuahua State, Mexico. The resource update was completed by Independent Mining Consultants in collaboration with M3 Engineering and Technology of Tucson, AZ.
Al comentar que con la posible instalación de la Minera Frisco se presentarían daños importantes e irreversibles a los manantiales de los que dependen los por lo menos 15 mil habitantes de Tetela de Ocampo, quienes basan su economía en el cultivo hidropónicos, el presidente municipal, Marco Antonio Uribe Peña, argumentó que harán todo lo legalmente posible para que no se coloque esta empresa.
La Procuraduría Federal de Protección al Ambiente (Profepa) dará un resolutivo respecto a la legalidad con la que la Minera Frisco realiza estudios en Tetela de Ocampo, con el fin de ubicar yacimientos de oro y plata.
Southridge Enterprises Inc. is pleased to announce it has commenced drilling on the Cinco Minas Property, located in Jalisco, Mexico. The diamond-drilling program is a fundamental part of the 2012 exploration set out to broaden the gold & silver resources at Cinco Minas.
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