Day: February 19, 2013

Best Drill Intercept for Azure: 70.0m @ 2.7% CuEq

Mexican-focused Azure Minerals Limited is pleased to advise that the Company is now in receipt of all assay results from the latest drilling program at its Promontorio Project, located in the Mexican state of Chihuahua.

First Majestic Elects Not to Exercise Right to Match Coeur’s Offer for Orko

First Majestic Silver Corp. announces that it has today notified the Board of Directors of Orko Silver Corp. that it is not matching the offer made by Coeur d’Alene Mines Corporation and will not be increasing the consideration under First Majestic’s offer to acquire all of the issued and outstanding Orko shares.

Canadian Mining Reports Progress on San Bernardo Project with Ironwood Gold Corp.

Canadian Mining is pleased to report Ironwood Gold Corp. is accelerating plans for evaluation of the Company’s San Bernardo Project. Canadian Mining entered into an agreement with Ironwood Gold Corp. which grants Ironwood an option to acquire up to 100% of the Raquel 3 and 3B mining concessions owned by the Company’s wholly-owned Mexican subsidiary Canmin Mexico S.A. de C.V., located in the Alamos Mining district of Sonora, Mexico.

NWM Engages U.S. Business Development and Investor Relations Firm

NWM Mining Corporation is pleased to announce that due to a significant increase in the level of interest from the U.S. investment community, the Company has retained the services of USA Investor Link LLC, subject to the acceptance of the TSX Venture Exchange.

Gunpoint Options Cecilia Gold-Silver Project in Sonora, Mexico

Gunpoint Exploration Ltd. is pleased to announce that it has entered into an option agreement with Precipitate Gold Corp. whereby Precipitate can acquire a 100% interest in the four concessions comprising of the Cecilia gold-silver project, in northeastern Sonora state, Mexico.

Santacruz Silver Mining Closes $40,422,500 Bought Deal Common Share Financing

Santacruz Silver Mining Ltd. is pleased to announce the closing of its prospectus offering announced on January 23, 2013 through a syndicate of underwriters led by Canaccord Genuity Corp. and including Raymond James Ltd. and Cormark Securities Inc. The Company issued 19,000,000 common shares at a price of $1.85 per Common Share for gross proceeds of $35,150,000. The Underwriters also exercised their over-allotment option to acquire an additional 2,850,000 Common Shares for additional gross proceeds of $5,272,500. Including the proceeds from the exercise of the over-allotment option, the total gross proceeds of the Offering were $40,422,500. The underwriters received a cash fee equal to 6% of the gross proceeds of the Offering, as well as 1,311,000 warrants, each of which is exercisable to purchase one Common Share for a price of $1.85 for a period of 24 months. Canaccord was issued an additional 60,000 Common Shares as a corporate finance fee.

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.