Month: May 2013

Bacanora Announces Board, Management Changes

Bacanora Minerals Ltd. is pleased to announce the appointment of two new directors to its board: Mr. Guy Walker of Wellington, New Zealand and Mr. Martin Fernando Vidal Torres of Hermosillo, Mexico. In order to create the necessary vacancies to effect these two appointments, Mr. Raymond Hodgkinson has resigned his position as a director of the Corporation, but will continue as an advisor and consultant to the Company. In addition to changes at the board level, the following changes have been made to officer roles within Bacanora: Mr. Martin Vidal has been appointed as President of the Company, Mr. Shane Shircliff has been appointed Chief Executive Officer of the Company and Mr. Paul Conroy has resigned as President and CEO, and has been appointed to the newly created office of Vice President, Special Projects.

NWM reports a loss of $145,529 for Q1. 2013

NWM Mining Corporation reports a net loss of $145,529 for the quarter ended March 31, 2013. The profit from operations before unrealized non cash foreign exchange losses and income taxes was $534,471. All amounts are presented in Canadian dollars unless otherwise noted.

Aurcana Board Update

Aurcana Corporation wishes to report that it has accepted the resignation of Ken Collison from the Board of Directors. The Board of Directors would like to thank Mr. Collison for his services to the Company and wish him success in his future endeavors.

Se reúnen integrantes del Clúster Minero de Zacatecas

Fresnillo, Zacatecas.-Gracias a los trabajos coordinados del Gobierno del Estado, empresas mineras y proveedoras, así como de instituciones educativas, el Clúster Minero de Zacatecas tiene resultados exitosos, señaló Jaime Lomelín Guillen, presidente de dicha organización empresarial.

Great Panther Announces Management Change

Great Panther Silver Limited today announced that Mr. Robert Archer, co-founder and CEO of Great Panther, will resume the role of President and CEO upon the resignation of Mr. Martin Carsky, President, effective immediately. Mr. Carsky has resigned for personal reasons but has agreed to remain as a consultant to the Company for a few months to assist with the transition of responsibilities.

Valley High Mining Executes Agreement to Acquire Mining Lease in Mexico

Valley High Mining Company today announced that it has executed an agreement with Grupo Bernas SA de CV, Manzanillo, Colima, Mexico, to acquire the exclusive rights to develop, explore and produce mineral revenue on a mining lease held by GIUV to process the existing tailings piles located on the property. The property is located between Puerto Vallarta and Acapulco near Manzanillo. The agreement provides for VHMC to perform due diligence on this property over the next ninety (90) days for the purpose of taking samples for assaying and removing tailings for refining tests. VHMC has issued 100,000 shares of its common stock into trust as partial consideration for this acquisition. These shares will be released following the completion of the due diligence activities if the Company elects to proceed with development of the property. If and when the property begins production, the Company will also pay an 8% net revenue interest.

Arianne Resources Officially Becomes Arianne Phosphate Inc.

Arianne Phosphate Inc. is pleased to announce the election of directors as listed in the information circular dated May 6, 2013. During the annual & special general assembly of shareholders held in Montreal, Québec on May 29, Messrs. James Cowley, Luc Boivin, Marco Gagnon, David J. DeBiasio, Guthrie J. Stewart and Siva Jothie Pillay were elected to the Board of Directors.

Colibri Reports on Soil Sampling Program at Evelyn Gold Project in Caborca, Sonora, Mexico

Colibri Resource Corporation is pleased to provide an update of exploration activities at the 506 hectare Evelyn Gold Project, near the town of Caborca in Sonora, Mexico. Evelyn is located approximately 13 kilometres to the northeast of the Noche Buena Gold Mine (Minera Penmont JV – Fresnillo PLC 56%, Newmont USA Ltd. 44%), and about 20 kilometres to the northwest of the Company’s Colibri/Pitaya Gold Project. The conceptual target at Evelyn is orogenic-style gold mineralization, similar to other projects in the Caborca area. The project has small scale historic artisanal gold workings on northeast and northwest-trending vein structures in altered and locally schistose volcanic host rock.

Evrim Resources Reports Drill Results From the Suaqui Verde Property

Evrim Resources Corp. is pleased to report results from the Phase 2 drill program at the Suaqui Verde copper-molybdenum porphyry project in Sonora, Mexico. Evrim and exploration partner First Quantum Minerals Ltd. have received assay results for five drill holes totaling 3,221 metres of an expanded 2,300 metre drill program. This follow-up program was designed to expand on mineralized zones encountered in Phase 1 drilling and to test exposed targets within the Adriana system and geophysical targets within the surrounding basin.

Impact Extends Stock Option Exercise Period

Impact Silver Corp. announces, subject to regulatory approval, the extension of the exercise period to January 6, 2019 from January 6, 2014 of options granted on January 6, 2009 exercisable for 1,310,000 shares of the Company to various directors, officers, employees and consultants of the Company.

Santacruz Silver Mining Ltd. Announces Adoption Of Advance Notice Policy

Santacruz Silver Mining Ltd. announces the approval and adoption by its Board of Directors of an advance notice policy. The purpose of the Policy is to provide shareholders, directors and management of the Company with a clear framework for nominating directors of the Company. The Company is committed to: (i) facilitating an orderly and efficient annual general or, where the need arises, special meeting, process; (ii) ensuring that all shareholders receive adequate notice of the director nominations and sufficient information regarding all director nominees; and (iii) allowing shareholders to register an informed vote after having been afforded reasonable time for appropriate deliberation. The Policy is intended to further these objectives.

Sierra Metals announces 2013 first quarter financial results and receipt of conditional approval to be listed on the TSX main board

Sierra Metals Inc. is pleased to report the filing of its unaudited Financial Statements and Management Discussion and Analysis for the first quarter of 2013. All amounts are presented in Canadian dollars unless otherwise stated. For the full Financial Statements or MD&A please visit the Company’s website or SEDAR at

MacMillan Releases Positive Drill Results From Five Newly Titled Mexico Mining Concessions

Mr. George A. Brown, President of MacMillan Minerals Inc., is very pleased to announce that the Company has received the title documents for each of the five concessions being sought by the Company. Applications for these five concessions were originally filed by the Company through the normal staking process. Due to competing applications filed by other interested parties on the same day as these claims became available for staking, the concessions became subject to the regulatory lottery process. These five concessions have been awarded to the Company as the winner of this lottery process.

SilverCrest Announces Updated Santa Elena Reserves and Resources; Silver and Gold Probable Reserves Increase by 103% and 50%; Silver and Gold Indicated Resources Increase by 127% and 99%

SilverCrest Mines Inc. is pleased to announce updated Reserve and Resource estimations for its Santa Elena Mine in Sonora, Mexico. The updated Probable Reserves (underground, open pit and leach pad) are estimated at 8.2 million tonnes grading 74.9 gpt Ag and 1.24 gpt Au containing 19.7 million ounces of silver and 327,430 ounces of gold, representing a 103% increase in contained silver and 50% increase in contained gold over previous Probable Reserves stated below. Updated Indicated Resources (exclusive of Probable Reserves) are estimated at 2.1 million tonnes grading 114.9 gpt Ag and 1.69 gpt Au containing 7.9 million ounce of silver and 116,000 ounces of gold, representing a 127% increase in contained silver and 99% increase in contained gold over previous Indicated Resources stated below. Details of the updated Reserves and Resources are summarized in the following tables and will be included in the Santa Elena Expansion Pre-Feasibility Study to be filed on SEDAR within 45 days of this release.

Oceanus Confirms High Grade Gold at Second Zone on the La Lajita Property

Oceanus Resources Corporation is pleased to report results from underground and surface channel samples collected within the Dos Hermanos zone, one of seven gold bearing zones identified on the La Lajita Property, have returned high grade gold over significant widths. Highlighted assay results include the following;

Decidirán mineros si levantan la huelga

Chihuahua, Chihuahua.- Los ochocientos empleados de la compañía minera Frisco de San Francisco del Oro decidirán mañana mediante votación si levantan la huelga; si 401 deciden volver al trabajo, la huelga deberá disolverse.

Sierra Metals Advances Towards Tripling Production At Its Cusi Mine During 2013 And Announces New Silver Expansion Plans Beyond 2014, Chihuahua State, Mexico

Sierra Metals Inc. is pleased to report that the Company is on track to triple production at its Cusi property during 2013. Development of new access drifts at the La India mine and Minerva Mine is on time and daily production is now double that of 2012. The Cusi operation is scheduled to continue to expand and reach production of at least 500 tonnes per day within 4 months.

Canasil and MAG Sign Binding Letter Agreement for MAG to Earn up to 70% Interest in Canasil’s Salamandra Project in Durango State, Mexico

Canasil Resources Inc. announces that the Company and MAG Silver Corp. have signed a binding Letter Agreement providing for MAG to earn up to a 70% interest in Canasil’s Salamandra silver-copper-zinc-lead project in Durango State, Mexico. The project is located close to the city of Durango and 80 kilometres on trend northwest of the San Martin-Sabinas mining district, the largest underground silver-copper-zinc deposit in Mexico, owned by Grupo Mexico and Penoles.

Gold Resource Corporation Declares May Monthly Dividend

Gold Resource Corporation declares its monthly instituted dividend of $0.03 per common share for May 2013 payable on June 24, 2013 to shareholders of record as of June 11, 2013. Gold Resource Corporation is a low-cost gold producer with operations in the southern state of Oaxaca, Mexico.

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