Day: May 28, 2013

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.

Updated San Martin NI 43-101 Technical Report and Economic Assessment

First Majestic Silver Corp. is pleased to announce an updated NI 43-101 Technical Report, Reserve and Resource estimate at the San Martin Silver Mine and an economic assessment of the current expansion program to 1,300 tpd. All figures are reported in US dollars unless otherwise noted.

Formation Metals Welcomes New Board Member Gregory Hahn

Formation Metals Inc. announced today that it has added Mr. Gregory Hahn to its current Board of Directors. Mr. Hahn is the Principal of Greg Hahn Consulting LLC of Lakewood Colorado that provides technical and management advisory services to the mining industry and is a Certified Professional Geologist.

Yale Completes Share Consolidation and Name Change to Alta Vista Ventures Ltd.

Yale Resources Ltd. is pleased to announce that the TSX Venture Exchange has approved the consolidation of its issued and outstanding share capital such that every ten existing shares are consolidated into one new share effective May 28, 2013. Additionally, as of the same date the Company’s name will be changed to Alta Vista Ventures Ltd. The share consolidation and name change received TSX Venture Exchange acceptance on May 28, 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.