Month: April 2013

MacMillan Minerals Corporate Update

Mr. George A. Brown, President of MacMillan Minerals Inc., is pleased to announce that the Company has received permission from the TSX Venture Exchange to extend the close of the current financing to on or by May 30, 2013.

Scorpio Mining Announces Granting of Environmental Permit for El Cajón and San Rafael Underground Mine Development

Scorpio Mining Corporation reports that the federal Mexican Secretariat of Environment and Natural Resources (SEMARNAT) has issued to its wholly-owned subsidiary, Minera Platte River Gold, S. de R.L. de C.V., a resolution approving the Environmental Impact Statement pertaining to its application for the development of underground mining operations at the El Cajón and San Rafael projects, located in the Cosalá Norte District, 14 and 17 kilometers by road respectively from the Nuestra Señora processing facility.

AuRico Gold Executive Chairman Takes Leave of Absence

AuRico Gold Inc. today announced that Mr. Colin Benner, the Company’s Executive Chairman, is taking a leave of absence for health reasons. Mr. Ron Smith, the Company’s Lead Director, will serve as Non-Executive Chairman in the interim. Mr. Smith has been a non-executive director of the Company since 2009 and is chair of the Audit Committee.

Primero Advises Cerro Securityholders Approve Acquisition by Primero

Primero Mining Corp. is pleased to announce that eligible Cerro Resources NL Shareholders and Option holders voted to approve the previously announced acquisition of Cerro by Primero. Approval includes the spinout of Cerro’s non-Cerro del Gallo assets of which Primero will own 19.99%.

Red Tiger Announces Closing of Second Tranche of Non-Brokered Private Placement

Red Tiger Mining Inc. announces that it has closed the second tranche of its previously announced non-brokered private placement selling 5,000,000 common shares at a price of CAD$0.10 per Share for gross proceeds of CAD$500,000. The proceeds from this tranche will also be used by the Company for required capital expenditures and working capital at the Luz del Cobre mine, which is owned by the Company’s wholly-owned subsidiary, Minerales Libertad, S.A. de C.V.

Ross River Releases Year-End Financial Results

Ross River Minerals Inc. reports its consolidated financial and operating results for the year ended December 31, 2012. This press release should be read in conjunction with the Company’s audited consolidated financial statements and Management’s Discussion and Analysis for the year ended December 31, 2012, available on SEDAR at www.sedar.com.

Timmins Gold intersects 72 meters of 1.6 gpt gold, 15 meters of 4.2 gpt gold and 14 meters of 3.2 gpt gold at San Francisco Pit

Timmins Gold Corp. is pleased to announce that its ongoing drill program continues to extend and expand the mineralization at the San Francisco Gold Mine, located in the State of Sonora, Mexico. The San Francisco Gold Mine is comprised of two pits, the larger San Francisco Pit (SF Pit) and La Chicharra Pit (LC Pit) located approximately 1.5 km to the west. A total of 107,315 meters in 476 holes were drilled from October, 2012 to the end of February, 2013, the highlights of which are reported below. A further 42,000 meters were drilled in March and April mainly at the SF Pit and management estimates that an additional 30,000 meters will be drilled at the SF Pit to the end of May at which point the drill program will be completed. The results of the drilling will be used to provide an updated Technical Report which is expected by August.

Animas Resources Private Placement Terms Amended

Animas Resources Ltd. announces that the non-brokered private placement announced on April 4, 2013 for gross proceeds of $600,000 has been amended and it will be closed shortly. The terms of the offering were amended to change the unit price from $0.06 to $0.05 per unit. Each unit includes one common share and one common share purchase warrant to buy another common share at $0.10 for 36 months.

NSX Silver reports terms of Dios Padre option agreement have been favorably amended

NSX Silver Inc. is pleased to report that it has signed an amending agreement with Minera Pena Blanca SA de CV whereby each of the remaining cash option payments for the Dios Padre Silver Property have been extended by a period of 3 years. Total option payments of US$500,000 have been made to date in accordance with the Dios Padre Property Option Agreement and six semi-annual option payments aggregating US$5,500,000 are remaining. The due date for the next option payment in the amount of US$250,000 was originally July 31, 2013 and it is now July 31, 2016.

Stroud Announces Private Placement

Stroud Resources Ltd. announced today plans to raise up to $400,000 in a nonbrokered private placement. Stroud is proposing to offer up to 20,000,000 units at a price of $0.02 per unit, with each unit consisting of one common share and one half of one nontransferable common share purchase warrant. Each whole share purchase warrant will entitle the holder to acquire one common share at a price of $0.05 for a period of 12 months from the closing date of the offering and thereafter at a price of $0.10 until the date that is 24 months from the closing date.

Goldgroup Clarifies Disclosure

The Company has, pursuant to its news release dated January 28, 2013 (the “January 2013 News Release”), announced that it entered into an agreement with Oroco Resource Corp. to acquire Oroco’s Cerro Prieto Project. The Company wishes to clarify that this transaction has not yet completed and its completion is subject to approval of the shareholders of Oroco and the TSX Venture Exchange as well as standard closing conditions. The January 2013 News Release and the Company’s Corporate Presentation “An Emerging Gold Producer in Mexico, Corporate Update – February 2013” made reference to a “current resource” at the Cerro Prieto Project. The Company wishes to clarify that the resource estimate is historical in nature, as it was not prepared by or on behalf of the Company, and is based on a technical report titled “Preliminary Economic Assessment Technical Report on the Cerro Prieto Project Magdelena de Kino Area, Sonora State Mexico” dated January 28, 2011 on the Cerro Prieto Project prepared by Moose Mountain Technical Services for Oroco and filed on SEDAR by Oroco. Accordingly, the Company is not treating this historical estimate as current mineral resources, as a qualified person has not done sufficient work on behalf of the Company to classify the historical estimate as current mineral resources. After the Oroco Technical Report was completed and filed, Oroco subsequently carried out a surface sampling and exploration and infill drilling program from December 2011 to April 2012, with a focus on the area south of the resource area which was the subject of the Oroco Technical Report. The Company expects to have a National Instrument 43-101 compliant technical report completed on the Cerro Prieto Project by approximately August 31, 2013. The Company’s technical report on the Cerro Prieto Project will incorporate the results of Oroco’s 2011 and 2012 exploration and infill drilling program, as well as a new geological interpretation, in order to update and verify the Oroco resource estimate as current mineral resources.

Gold Resource Corporation Declares April Monthly Dividend; Modifies Instituted Monthly Dividend

Gold Resource Corporation declares its monthly dividend for April 2013 payable on May 23, 2013 to shareholders of record as of May 13, 2013. The Company is modifying its monthly instituted dividend from $0.06 per share per month to $0.03 per share per month starting with the April dividend due to precious metal price market volatility and capital needed for current expansion activities. Gold Resource Corporation is a low-cost gold producer with operations in the southern state of Oaxaca, Mexico. The Company has returned over $81 million to shareholders in monthly dividends since declaring commercial production July 1, 2010, and offers shareholders the option to convert their cash dividends into physical gold and silver and take delivery.

Sierra Metals announces pre-feasibility study to provide supporting details for the Bolivar Mine, Mexico (Revised)

Sierra Metals Inc. (previously Dia Bras Exploration) is pleased to provide this revised news release which includes additional supporting details on the pre-feasibility study completed by Gustavson Associates, LLC of Lakewood, Colorado, for its Bolivar copper-zinc-silver mine located in Chihuahua State, Mexico announced on April 17, 2013. The study, mine plan and reserve estimate are based on Gustavson’s work and mine plan.

High Desert Gold Corporation Files Fiscal 2012 Annual Financial Statements

High Desert Gold Corporation reports that it has released its audited consolidated financial statements for the year ended December 31, 2012 and the related management’s discussion and analysis of financial position and results of operations. In this press release, all amounts are reflected in U.S. dollars.

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