Day: May 10, 2013

Mercator Minerals Reports First Quarter 2013 Results

Mercator Minerals Ltd. today announced its financial results for the three months ended March 31, 2013. For the first quarter 2013, the Company reported revenues of $54.5 million, a gross profit of $0.5 million, and a net income of $1.8 million ($0.01 per share, basic) or an adjusted net loss* after excluding non-cash items of $9.0 million ($0.03 per share). Cash flow used by operations, before non-cash working capital changes, was $3.1 million. As at March 31, 2013, the Company had $25.6 million in cash and restricted cash on hand.

Amex Closes $367,000 Private Placement

Amex Exploration Inc. is pleased to announce that it has closed a first tranche in a non- brokered private placement in the amount of $367,000.00, through the sale of units priced at 1000$ each.

Virgin Metals Inc.: Extends Private Placement

Virgin Metals Inc. announced today that, subject to TSX Venture Exchange approval, it is increasing its non-brokered private placement from $1,000,000 to $1,500,000. Efforts to complete this private placement remain ongoing.

Scorpio Mining Reports Financial Results for First Quarter 2013

Scorpio Mining Corporation reports its financial and operating results for the first quarter ended March 31, 2013. This press release should be read in conjunction with the Company’s unaudited Financial Statements and Management’s Discussion and Analysis for the first quarter ended March 31, 2013, available on the Company’s website at www.scorpiomining.com and on SEDAR at www.sedar.com. All monetary figures are expressed in Canadian dollars unless otherwise specified.

Almaden Hits 8.25 Meters of 4.1 g/t AuEq, Finds New Parallel Vein Zone at Ixtaca, Mexic

Almaden Minerals Ltd. is pleased to announce the results from Almaden’s ongoing 2013 Ixtaca Zone drill program at the Company’s 100% owned Tuligtic project, Mexico. The 2013 drill program is focussed on expanding the known resource immediately along strike to known mineralisation, adjacent to the current resource shell and within what is considered a potential pit shell. The drilling encountered a new vein zone east of, and parallel to, the main Northeast extension (Chemalaco) zone. Highlights from the holes released today include the following intercepts:

Cayden Resources Inc. : Cayden samples 91m of 2.9 g/t Gold at El Barqueño

Cayden Resources Inc. is pleased to announce that it has received initial gold values from its ongoing trenching programs at the El Barqueño property located in Jalisco State, Mexico. Highlights include 91 meters of 2.9 g/t Au, 40 meters of 1.8 g/t Au, 3 meters of 7.9 g/t Au and 10 meters of 2.1 g/t.

Excellon Updates Progress on La Platosa Property

Excellon Resources Inc., Mexico’s highest grade silver producer, is pleased to provide an update on the status of its agrarian legal suit against the Ejido La Sierrita (the “Ejido”), which was filed in August 2012. Excellon sued the Ejido to terminate the surface rights agreement in respect of the surface rights to 1,100 hectares of exploration ground west of the La Platosa Mine and for various damages relating to the illegal blockade of the mine last year. The Ejido also sued for termination of the SRA one week after being advised of Excellon’s suit.

Sierra Metals announces automatic share repurchase plan

Sierra Metals Inc. announces that, in connection with its normal course issuer bid, which was previously announced on March 26, 2013, it has entered into an automatic share repurchase plan agreement with a designated broker.

Major Drilling Group International Inc. is one of the world’s largest drilling services companies primarily serving the mining industry. Established in 1980, Major Drilling has over 1,000 years of combined experience and expertise within its management team alone.

All News

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.