Month: March 2013

Great Panther Silver Reports Fiscal Year 2012 Financial Results

Great Panther Silver Limited today reported financial results for the Company’s year ended December 31, 2012. The full version of the Company’s financial statements and Management’s Discussion and Analysis can be viewed on the Company’s website at www.greatpanther.com, or SEDAR at www.sedar.com. All financial information is prepared in accordance with IFRS and all dollar amounts are expressed in Canadian dollars unless otherwise indicated.

Step-Out Drilling on Promontorio Hits 104 gpt Silver Eqv (81 gpt Ag and 0.97% Pb+Zn) Over 10 meters, Including 3 Meters Grading 246 gpt Silver Eqv (176 gpt Ag and 3.04% Pb+Zn) and 9 Meters Grading 47 gpt Silver Eqv (33 gpt Ag and 0.60% Pb+Zn) in New Discovery Zone

Kootenay Silver Inc. is pleased to announce results from an additional 11 holes from its ongoing 30,000 meter, multi-phase drill and resource expansion program on its flagship Promontorio Silver Project in Sonora, Mexico. The holes are step out and exploratory holes testing 3 different target areas. Included is the extension of the Pit resource to the southwest and west, the Farm EM zone to the north and the Farm EM zone to the south.

Pan American Goldfields Ltd. Reports on Results of Metallurgical Testing and Updated Mineral Resource, Cieneguita Project, Mexico

Pan American Goldfields Ltd. is pleased to report the results of a comprehensive metallurgical testing program performed on samples from its 80% owned Cieneguita project, Chihuahua, Mexico. In addition, the Company also wishes to report the results of an updated mineral resource estimate incorporating the results of the metallurgical testing along with estimated mine and plant operating costs. The Cieneguita project is currently being operated on a pilot basis under an agreement between the Company and Minera Rio Tinto (“MRT”), a private Mexican company, with the Company receiving 35% of net cash flows until December 31st 2013. Further pilot production is contemplated into 2014 concurrent with the preparation of a planned definitive feasibility study examining a full scale commercial operation.

Esperanza Announces the Grant of Stock Options and Restricted Share Units

Esperanza Resources Corp. announces that Esperanza’s Board of Directors has approved the issuance of 500,000 options to purchase 500,000 common shares of the Company and 500,000 restricted share units. The Options will have a five year term and were issued after market close on March 11, 2013 with an exercise price based on the closing price of the Esperanza shares on that day. The Options and RSUs are being granted pursuant to Esperanza’s stock option and restricted share unit plans to an officer of the Company.

Scorpio Mining Appoints Chief Executive Officer

Scorpio Mining Corporation announces that Mr. Pierre Lacombe has been appointed President and Chief Executive Officer, effective April 22, 2013, and will also continue to serve as a director of the Corporation. Peter Hawley will resign as Interim President and CEO of the Corporation when Mr. Lacombe assumes his new position and remain a director of the Corporation.

McEwen Mining poised for production increase

TORONTO (miningweekly.com) – McEwen Mining this week said it was prepared for a 24% increase in gold-equivalent production this year, as an optimisation plan was completed at its 49%-owned San Jose mine, in Argentina, that would increase processing capacity by 10% from 1 500 t/d to 1 650 t/d, and a full year of production is expected from its El Gallo Phase 1 mine, in Mexico.

Braeval Mining Appoints Advisory Committee to the Board of Directors

Braeval Mining Corporation is pleased to announce the appointment of an advisory committee to the board of directors. The advisory committee will provide technical advice on an as needed basis to the board of directors. The committee is comprised of Mr. Sean Roosen, President and CEO of Osisko Mining Corporation, Mr. Chris Lodder, Principal of Talisker Exploration Services Inc., Mr. Ruben Padilla, Principal and Economic Geologist of Talisker Exploration Services Inc., and Mr. Terry Harbort, Principal, Generative Database Manager and Chief Structural Geologist of Talisker Exploration Services Inc.

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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.