Month: April 2013

Mexus Trinidad Joint Venture

Mexus Gold US is a company engaged in the evaluation, acquisition, exploration, development and production of mining properties and conducts salvage operations for the recovery of precious metals.

Kinross Announces Investment in Revolution Resources

Kinross Gold Corporation announced today that it has subscribed for 3,571,428 units of Revolution Resources Corp. pursuant to a non-brokered private placement. Each unit is comprised of one common share and one-half of one share purchase warrant, where each whole warrant will entitle the holder to acquire one common share at a price of CAD$0.125 for a period of two years following the closing of the private placement. After giving effect to the private placement, Kinross will hold 9,571,429 common shares and 4,785,714 share purchase warrants of Revolution, constituting approximately 9.67% of Revolution’s issued and outstanding common shares on a non-diluted basis, and 11.67% on a fully-diluted basis. The subscription price for the units is CAD$0.07 per unit for an aggregate purchase price of CAD$249,999.96.

Revolution Resources Closes Private Placement

Revolution Resources Corp. is pleased to announce that it has closed a private placement financing of 7,965,428 units at a price of $0.07 per unit for gross proceeds of $557,579.96. Each unit is comprised of one common share and one-half of one share purchase warrant, where each whole warrant will entitle the holder to acquire one common share at a price $0.125 for a period of two years following the closing of the financing.

Quaterra Resources Inc. Files Year End 2012 Audited Financial Statements

Quaterra Resources Inc. announces that its audited Consolidated Financial Statements for the years ended December 31, 2012 and 2011 are now available on the company’s website at www.quaterra.com. The Consolidated Financial Statements were filed on SEDAR (www.sedar.com) and with the SEC (www.sec.gov) as part of the Company’s Annual Report on Form 20-F on March 28, 2013.

Avino Q1/March Production Report

Avino Silver and Gold Mines Ltd. is pleased to announce the following Q1 and March 2013 production results from its San Gonzalo mine operation located on the Avino property near Durango, Mexico.

NSX Silver Reports High Grade Silver Drill Intercepts at Dios Padre Project

NSX Silver Inc. is pleased to announce assay results from its recently completed Phase 2 drilling program at its Dios Padre Silver Project located in Sonora State, Mexico. These results are from holes DP-17-2013 through DP-32-2013 which were drilled in and beneath the area of historic mining; both in the area of old pit and adjacent to the underground mine workings. Seventeen (17) drill holes were completed during the first quarter of 2013 for a total of 3,220 meters.

NWM Announces Drill Program to Increase Resources/Reserves at Lluvia de Oro

NWM Mining Corporation is initiating a drill program with the objective of adding mineral resources and mineral reserves at the Company’s Lluvia de Oro mine in Sonora, Mexico. The primary focus of the program will be to upgrade a significant portion of the currently defined inferred resources (approximately 200,000 ounces / 17,000,000 tonnes at 0.36 g/t Au)*1 at the Lluvia de Oro deposit to a status of measured and indicated mineral resources. The cost structure of the current mining operations indicates that these mineral resources can then be converted to mineral reserves. In addition, the drill program will also aim to define new inferred resources along strike from the currently defined mine reserves. An updated reserve/resource estimate is expected to be completed during the summer of 2013.

Excalibur Launches Trading on OTCQX

Excalibur Resources Ltd. is pleased to announce that effective April 4, 2013, the Company began trading on OTCQX International under the symbol “EXCFF”.

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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.