Day: April 17, 2013

Golden Goliath Resources Ltd.: Drilling to Resume at Las Bolas/Los Hilos

The Company is pleased to announce that they have received notice that the Mexican Subsidiary of Agnico-Eagle Mines Limited is scheduled to resume drilling in early May. This will be the second year of work by them on the property since the Earn-in and Shareholders agreement was signed. Under the terms of the agreement, Agnico-Eagle can earn a 51% interest in the property by spending $5 million on exploration over a 5 year period. Agnico-Eagle will then have the option of earning an additional 20% interest by either completing a feasibility study or by spending an additional $10 million in exploration.

Sierra Metals Announces First Proven And Probable Ore Reserves At The Bolivar Mine, Mexico Supporting A 10-Year Mine Life At Its Expanded Output Rate Of 2,000 TPD

Sierra Metals Inc. (previously Dia Bras Exploration) is pleased to announce that a pre-feasibility study has been completed by Gustavson Associates, LLC of Lakewood, Colorado, for its Bolivar copper-zinc-silver mine located in Chihuahua State, Mexico. The study, mine plan and reserve estimate are based on Gustavson’s work and mine plan on a lower-grade portion of the resources, mainly at its El Gallo Inferior deposit. The evaluation of the higher grade portions of the mine still require further technical studies, which should result in additional resources and continued feed of ore to its processing plant and potentially lead to future reserve additions over the next 10 months.

Pan American Goldfields Begins Trading on OTCQX®

OTC Markets Group Inc., operator of Open, Transparent and Connected financial marketplaces, today announced that Pan American Goldfields Ltd., a precious metals mining and exploration company, has chosen to trade on OTCQX®, the best OTC marketplace with qualified companies.

Red Tiger Announces Completion of First Tranche of Non-Brokered Private Placement and Shares for Debt Transaction

Red Tiger Mining Inc. announces that it has closed the first tranche of its previously announced non-brokered private placement of 5,000,000 common shares at a price of CAD$0.10 per Share for gross proceeds of CAD$500,000. The proceeds will 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.

Cangold Announces Resignation Of Director

Cangold Limited announces that Mr. Martin Carsky has resigned from his position as a director of the Company to focus on other commitments. “I want to thank Martin for his contributions to the Company and wish him well in his future endeavors” said Mr. Kaare Foy, Executive Chairman of Cangold.

Fortuna reports 992,218 ounces of Ag and 4,492 ounces of Au for first quarter 2013

Fortuna Silver Mines Inc. today announces production figures from its two operating mines in Latin America, the San Jose mine in Mexico and the Caylloma mine in Peru. In the first quarter of 2013, the company delivered 992,218 ounces of silver, 4,492 ounces of gold, 4.6 million pounds of lead and 5.9 million pounds of zinc. Fortuna is on schedule to produce 4.4 million ounces of silver and 23,300 ounces of gold or 5.7 million Ag Eq ounces in 2013.

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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.