Day: January 14, 2013

Endeavour Silver Delivers 8th Consecutive Year of Production Growth in 2012; Silver Production Up 20% to 4,485,426 oz, Gold Output up 77% to 38,687 oz

Endeavour Silver Corp. announces that production rose for the 8th consecutive year in 2012. Consolidated silver and gold production from the Company’s three operating silver mines in Mexico, the Guanacevi Mine in Durango State and the Bolanitos and newly acquired El Cubo Mines in Guanajuato State, established new records for both annual and quarterly production at the end of the Fourth Quarter, 2012.

Canasil Closes $1,060,750 Non-brokered Private Placement

Canasil Resources Inc. announces closing of the previously announced non-brokered private placement for gross proceeds of $1,060,750 as detailed below. A commission or finder’s fee will be paid with respect to part of this placement, which is subject to final approval by the TSX Venture Exchange.

Arianne to Change Name to Arianne Phosphate Inc. and Sell Non-Phosphate Assets

Arianne Resources Inc. announced today that it will seek shareholders’ approval to change its name to “Arianne Phosphate Inc.” at its next annual general meeting of shareholders in May, 2013 to recognize the focus of its activities on developing the world class Lac à Paul phosphate deposit. Such name change will also be subject to regulatory approval.

SilverCrest Expands Santa Elena Deposit; More High Grade Intercepts 13m @ 1.6 gpt Au and 324.8 gpt Ag Including 1m @ 5.1 Au and 2,840 gpt Ag

SilverCrest Mines Inc. is pleased to announce results of further drilling at the Santa Elena Mine in Sonora, Mexico. Ninety four holes of a planned 100 holes have been completed to help re-categorize Indicated and Inferred Resources to Probable Reserves and expand current underground Resources. This drill program continues to be extremely successful with several recent holes identifying multiple bonanza grade intercepts and the new El Cholugo high grade gold and silver zone. All holes included in this program will assist with Resource confirmation and reclassification to be included in the upcoming Pre-Feasibility Study for the Santa Elena Expansion Project.

Alamos Announces 40% Premium Takeover Offer for Aurizon

Alamos Gold Inc. announced today that it has commenced an offer to acquire Aurizon Mines Ltd. for approximately C$780 million in cash and shares. The Offer will remain open until 5:00 p.m. (Toronto time) on February 19, 2013 unless withdrawn or extended. Alamos has also applied to list its common shares on the New York Stock Exchange under the symbol “AGI”.

Major Drilling Group International Inc. is one of the world’s largest drilling services companies primarily serving the mining industry. Established in 1980, Major Drilling has over 1,000 years of combined experience and expertise within its management team alone.

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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.