Iron ore miner London Mining Plc said full-year production beat its expectations, helped by increased productivity in the fourth quarter, and added that it was on track to expand capacity at its Sierra Leone mine.
Silver Sun Resource Corp. is pleased to announce that it has added Sung Ha (John) Kim to the Company’s advisory board. Mr. Kim will act as a communications liaison between the Company and the South Korean market.
Aurcana Corporation is pleased to report the results of the La Negra Mine 2012 underground drill program for drill holes that were not associated with the 43-101 Resource Estimate Report released on October 11, 2012.
Fortuna Silver Mines Inc. is pleased to announce that Compania Minera Cuzcatlan S.A. de C.V. (wholly owned subsidiary of Fortuna Silver Mines Inc.) and Plata Pan American S.A. de C.V. (wholly owned subsidiary of Pan American Silver Corp.) have entered into an acquisition and option agreement for the 6,254 hectare Taviche Oeste Concessions immediately surrounding the San Jose Mine in Oaxaca, Mexico. Cuzcatlan will purchase a 55% undivided interest in the Taviche Oeste Concessions for a cash payment of US$4.0 million. Once a production decision is made to develop ore from the Taviche Oeste Concessions, Cuzcatlan will purchase the remaining 45% undivided interest in the property for US$6.0 million. Plata Pan American will retain a 2.5% net smelter royalty on ore production from this property. The transaction is expected to close January 30th 2013.
Silver Bull Resources, Inc. is pleased to announce the drill results for the second of five batches of drill holes from the underground drill program twinning a series of “long holes” in the high grade zinc zone situated below and adjacent to the high grade silver zone, located at the eastern end of the Shallow Silver Zone on the Sierra Mojada Project in Coahuila, Northern Mexico.
Southridge Enterprises Inc. is pleased to announce today that Southridge Minerals, Inc., its wholly owned subsidiary, has issued a corporate update for shareholders of the Company to address questions arising from a recently announced joint partnership with respect to Cinco Minas. Southridge would like to inform shareholders that the joint partnership is no longer valid, and the Company is pursuing other joint partnership opportunities at this time. Although there have been a number of questions that have arisen from the events that followed our joint partnership announcement, the Company maintains that it has signed agreements and communications to verify all of its claims. The Company is currently working with its legal representation and has no further comment at this time.
Canasil Resources Inc. announces that MAG Silver Corp. has reported drill results from the recently completed Phase 2 drill program at Canasils La Esperanza silver-lead-zinc project in Durango and Zacatecas States, Mexico. 12 diamond drill holes were completed for a total of 3,049.50 metres 9 drill holes on 5 sections along a total strike length of 835 metres to test the Fatima vein and 3 drill holes on 2 sections 350 metres apart to test the San Pascual vein, both located in the northwest of the project area.
Evrim Resources Corp. is pleased to announce that it has acquired the Llano del Nogal project in Sonora, Mexico. Llano de Nogal is an early stage target covering 104 square kilometres of ground prospective for copper-molybdenum-gold porphyry deposits and epithermal gold and silver deposits. The project was identified through the Company’s generative programs and acquired through staking. The property is favorably situated in the prolific Cananea-La Caridad Porphyry Belt, and represents one of the few relatively untested targets in the trend.
Newmont Mining Corporation announced preliminary attributable gold and copper production and costs applicable to sales within the Company’s 2012 outlook.
Aurizon Mines Ltd. unanimously recommended that shareholders reject the hostile take-over bid received from Alamos Gold Inc.
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.
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.
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