Day: February 5, 2013

Orex and Astral Announce Final Court Order Approving Arrangement

Orex Minerals Inc. announce that further to their joint news release of October 15, 2012 and subsequent news releases, on February 5, 2013, the Supreme Court of British Columbia granted its final order approving the acquisition of all the issued and outstanding common shares of Astral by Orex by way of a plan of arrangement. At Astral’s annual general and special meeting held on January 31, 2013, shareholders of Astral approved the Arrangement.

Tarsis Options Erika Gold Project to Osisko Mining Corporation

Tarsis Resources Ltd. is pleased to announce it has optioned its Erika property, located in southern Mexico, to Osisko Mining Corporation. The Option and Joint Venture Letter Agreement grants Osisko the right to earn up to a 75% interest by funding exploration and development of the property and making cash payments to Tarsis. Key terms of the Agreement are as follows:

Corex – Vale Complete Agreement on Santana Property

Corex Gold Corp. is pleased to announce that it has finalized the Agreement with a wholly-owned subsidiary of Vale S.A., wherein Vale may acquire up to a 65% interest in the Company’s Santana Project by making work expenditures of $16,000,000. The objective of this alliance is to further develop the copper-gold porphyry target on the Santana Project, in Sonora State, Mexico.

Tara Begins Implementation of the Don Roman Production Plan

Tara Minerals Corp. is pleased to report that work has begun towards the implementation of the Don Roman Mine & Mill Production Plan. Geological work, including the continuation of surveys, detailed mapping, sampling and start-up mine location work, is being managed by Steve Eady, Chief Geologist. The mill site upgrade work has also begun and includes water well sourcing, process circuit optimization, maintenance and refurbishment of equipment, and the installation of additional staff housing/offices. Tom Claridge, Senior Mining and Plant Engineer, will manage all mill site work.

Ironwood Gold Strikes Option Deal With Canadian Mining Company to Acquire up to 100% of San Bernardo Project

Ironwood Gold Corp. in the execution of its business plan to develop a high quality portfolio of exploration properties containing known deposits of gold is pleased to announce that it has signed a definitive Option Agreement with Canadian Mining Company Inc. to acquire 100% of CMC’s Raquel 3 and 3B mining concessions in the Alamos Mining district of Sonora, Mexico. The Option was granted by Canadian Mining through its wholly-owned Mexican subsidiary Canmin Mexico S.A. de C.V.

Niega Semarnat permisos a Minera Autlán en Tlataluquitepec

La Secretaría de Medio Ambiente y Recursos Naturales (Semarnat) rechazó el Informe Preventivo presentado por la Compañía Minera Autlán S.A. de C.V. sobre la petición para autorizar labores de exploración de yacimientos de metales en el municipio de Tlatlauquitepec.

Oroco Closes $1 Million Non-Brokered Private Placement

Oroco Resource Corp. announces that pursuant to the terms of its agreement with Goldgroup Mining Inc., announced by news release dated January 28, 2013, Goldgroup has now completed a subscription for five million units of Oroco at $0.20 per unit through a non-brokered private placement. Each unit consists of one common share and one common share purchase warrant, with each warrant entitling Goldgroup to purchase one common share of Oroco for CAD$0.25 for a period of two years from the date of closing of the private placement. Proceeds of the private placement are $1,000,000.

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.