Day: April 12, 2013

VVC Exploration Signs Letter of Intent for Acquisition of Camex Mining Development

VVC Exploration Corporation announces that it has entered into a non-binding letter of intent dated April 12, 2013 with Camex Mining Development Group Inc. Pursuant to the Letter of Intent, the Company intends to acquire all of the issued and outstanding shares of Camex, in exchange for the issuance of 59,900,000 common shares of VVC at closing, subject to adjustments, if any, as mutually agreed upon based on due diligence. In the Letter of Intent, the parties have agreed to, among other things, an exclusivity period within which to negotiate and conclude a definitive share purchase agreement in effect until the expiration or termination of the Letter of Intent in accordance with its terms.

Baja Mining Provides Standstill and Funding Update

Baja Mining Corp. announces that further to Baja’s February 12, 2013 news release, it has been informed by Minera y Metalúrgica del Boleo, S.A.P.I. de C.V. that the third standstill agreement which expired March 31, 2013 has been amended and restated to extend the standstill period to April 19, 2013.

McEwen Mining Provides Mexico Update; Fell 3.5% Thursday

McEwen Mining Inc. (MUX, MUX.TO), which fell 3.5% Thursday, announced that a new gold zone is emerging at its El Gallo 1 Mine in Sinaloa, Mexico. Nine core holes were drilled in a new area called “Central”. Drilling has returned encouraging grades and widths between two planned open pits and has opened up a large area for additional exploration. These results have the potential to both increase the size of the gold resource and extend the mine life. In addition, two holes encountered some of the deepest mineralization to date at El Gallo 1, demonstrating the potential for higher-grade underground mining. The Central Zone is open laterally (along strike) and at depth.

Aurcana Announces Share Consolidation Effective Apr 30, 2013

Aurcana Corporation is pleased to announce that further to its press release of March 28, 2013, the TSX Venture Exchange has accepted notice of the consolidation of the Company’s common shares on a basis of eight (8) pre-consolidated Common Shares for each one (1) post-consolidation Common Share and has no objection to the Company’s Common Shares trading on a post consolidated basis effective at the opening of market Tuesday, April 30, 2013 under the new CUSIP number 051918506.

Globexplore is a customer focused, technology driven mineral exploration drilling contractor devoted to top of class drilling methods and techniques that only years of experience can achieve. Every day we strive to be the industry leader by providing the highest rate of performance, professionalism, safety and environmental responsibility.

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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.