Month: March 2013

High Desert Gold Corporation: Summary Financial Information Filed on SEDAR

High Desert Gold Corporation reports that an associate company, South American Silver Corp. has released its audited financial statements for the year ended December 31, 2012, and that the audited financial statements of SASC contain certain summary financial disclosure related to the financial position of HDG. SASC’s audited financial statements for the year ended December 31, 2012 can be found on SEDAR at www.sedar.com.

Mammoth Encounters Free Gold in Preliminary Analysis of Tenoriba Drill Core

Mammoth Resources Corp. is pleased to report that gold observed from two core samples of un-oxidized hydrothermal breccia and an altered felsic volcanic selected for preliminary metallurgical test work occurred in as free gold associated with pyrite along pyrite grain fractures and on grain surfaces and that the rock in these samples was not oxidized. It is the opinion of Dr. Perez, who studied these samples that the gold is most likely leachable with cyanide and does not exhibit any major metallurgical complexities.

MacMillan Minerals Issues Corporate Update

Mr. George A. Brown, President of MacMillan Minerals Inc., is pleased to announce that the Company held the Annual and Special Meeting of Shareholders on Thursday March 28, 2013.

Quaterra Adopts Advance Notice Policy For Director Nominations

Quaterra Resources Inc. announces that its board of directors has approved an advance notice policy for the purpose of providing shareholders, directors and management of Quaterra with a clear framework for nominating directors. The Policy is designed to further Quaterra’s commitment to: (i) facilitating an orderly and efficient annual general or, where the need arises, special meeting, process; (ii) ensuring that all shareholders receive adequate notice of the director nominations and sufficient information regarding all director nominees; and (iii) allowing shareholders to register an informed vote after having been afforded reasonable time for appropriate deliberation.

Chesapeake Announces Filing of Preliminary Feasibility Study for the Metates Project, Durango, Mexico

Chesapeake Gold Corp. wishes to announce the filing of a National Instrument 43-101 compliant independent Technical Report relating to a Preliminary Feasibility Study on its 100%-owned Metates Gold Silver Project located in Durango State, Mexico. The PFS incorporates significant scope changes and updated engineering work as well as updated capital and operating cost estimates since the completion of the Preliminary Economic Assessment dated April 25, 2011. The Technical Report supports Chesapeake’s February 1, 2013 news release which discussed the results of the PFS.

Camino Minerals Corporation Raises $2,170,000 Million to Fund Diamond Drilling at the El Secreto Gold and Silver Project

Camino Minerals Corporation is pleased to announce that it has completed a non-brokered private placement and that the financing has been over-subscribed (see the Company’s news release dated February 15, 2013). The Company raised gross proceeds of $2,170,000, which will be used to fund a diamond drill program at the El Secreto Gold and Silver Project located in Sinaloa State, Mexico, and for general working capital.

SilverCrest Files La Joya Technical Report Updated Resources & Positive Preliminary Metallurgy; Potential For High Grade Cu-Ag-Au Concentrate With Over 30% Copper

SilverCrest Mines Inc. is pleased to announce the filing of a National Instrument 43-101 compliant updated La Joya resources Technical Report including preliminary metallurgical test results for the La Joya Property in Durango, Mexico. The Technical Report – titled “Updated Resource Estimate for the La Joya Property, Durango, Mexico” dated March 27, 2013 – has been filed on SEDAR and is available at www.sedar.com. This Technical Report supports the Company’s January 29, 2013 news release which announced the updated resource estimation.

IMPACT Silver Corp. to Release 2012 Fourth Quarter and Year End Results

IMPACT Silver Corp. is pleased to announce that the audited financial and production results for the fourth quarter and year ended December 31, 2012, will be released on Monday, April 1, 2013, prior to market open. The conference call reviewing the fourth quarter and year end results will be available on the Company’s website, www.IMPACTSilver.com, on April 1, 2013 after the close of trading.

First Majestic files Form 40-F Annual Report

First Majestic Silver Corp. announces that its 2012 audited financial statements have been filed on SEDAR. In addition, a Form 40-F report has been filed with the United States Securities and Exchange Commission and is available on EDGAR. Both documents are also available on the Company’s website at www.firstmajestic.com.

Serengeti Announces Appointment of New CFO

Serengeti Resources Inc. reports the appointment of a new Chief Financial Officer, effective April 1, 2013. Ms. Sheri Rempel, currently Serengeti’s Controller, will replace Alec Peck, who has tendered his resignation as CFO. The Company wishes to thank Mr. Peck for his service to the Company.

Gold Resource Corporation Declares March Monthly Dividend

Gold Resource Corporation declares its instituted monthly dividend of $0.06 per common share for March 2013 payable on April 25, 2013 to shareholders of record as of April 11, 2013. Gold Resource Corporation is a low-cost gold producer with operations in southern Mexico.

Newstrike Capital Inc. Announces Maiden NI 43-101 Resource Estimate for the Ana Paula Project, Guerrero, Mexico

Newstrike Capital Inc. is pleased to report its maiden resource estimate prepared in accordance with National Instrument 43-101 for its flagship Ana Paula Project in the Municipalities of Cuetzala del Progreso and Apaxtla de Castrejón, Guerrero State, Mexico. The Ana Paula mineral resource estimate was developed by Independent Mineral Consultants of Tucson, Arizona, USA for Newstrike under the direction of Mr. H. E. Welhener. The resource is based on 130 diamond core drillholes aggregating 67,943 metres and containing 45,512 assay intervals, of which effectively all are assayed for gold and silver. The mineral resource estimate has an effective date of February 26th, 2013. A full report prepared in accordance with NI-43-101 will be filed on SEDAR within 45 days of this news release. The recommendations from the Report will be used to optimize the pit (see below) and advance the economic viability of the Ana Paula resource.

Marlin Gold Announces Details of Oversubscribed Rights Offering to Shareholders

Marlin Gold Mining Ltd. is pleased to announce the completion of its rights offering on the TSX Venture Exchange, which expired at 4:00 p.m. (Eastern time) on March 25, 2013. The shareholders of Marlin Gold, including Wexford Spectrum Trading Limited and Wexford Catalyst Trading Limited, the Company’s largest shareholders, exercised rights to acquire 201,920,635 common shares of the Company under both the basic subscription privilege and the additional subscription privilege which resulted in the Rights Offering being oversubscribed by 14,405,229 shares. The Company has issued an aggregate of 187,515,406 common shares at a price of $0.08 per Share for gross proceeds of $15,001,232 pursuant to the Rights Offering.

Kootenay Silver’s Aggressive Drill Program Towards 100 Million Silver Ounces in Northern Mexico

Currently on the books, Kootenay Silver’s silver equivalent resource on its flagship Promontorio silver project contains a combined Measured and Indicated silver resource of 61,679,000 silver equivalent ounces (37.5M oz’s Silver, 372M lb’s Lead, 436.9M lb’s Zinc). In addition to the measured and indicated silver resources, there are an additional 14,469,000 silver equivalent ounces in the Inferred category (9.6M oz’s Silver, 77.6M lb’s Lead, 85.3M lb’s Zinc).

Fresnillo PLC’s land pkg that includes the 9.6 million Au Orisyvo Discovery Surrounds Alliance’s Gold Assets, recent work denotes several new alteration zones up to 3.7 g/t Au &…

The Company has recently received results of an exploration program on the El Indio and Pelonachi properties which included mapping and channel sampling during the months of November to January. Also included was improvements to access roads in certain areas of the Pelonachi property. A total of 222 geochemical samples were taken on the El Indio property and 488 samples were taken on the Pelonachi property. The El Indio and Pelonachi claims are part of Alliance’s 4,872 hectare land package located totaling nearly 50 square kilometres primarily in the Uruachic district of northwestern Mexico. The land package puts Alliance in the heart of a prolific gold exploration area and includes the closest privately held claims, within four kilometres, to Fresnillo PLC’s important Orisyvo discovery (www.fresnilloplc.com). Fresnillo is the world’s largest primary silver producer and the second-largest gold producer in Mexico. However, the Orisyvo discovery may change that.

Coeur d’Alene Mines to move HQ to Chicago

Coeur d’Alene Mines Corp., a silver and gold producer with operations in Nevada, Alaska, Mexico and Bolivia, will move its corporate headquarters to downtown Chicago later this year after 85 years in Idaho.

Excellon provides strategic update

Excellon Resources Inc., Mexico’s highest grade silver producer, is pleased to announce strategic revisions to the Company’s business plan, improvements to its capital structure and additions to its Board of Directors. Highlights include:

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