Day: June 18, 2013

Guerrero Exploration Inc. Outlines Drilling Plan For Its Cerro Azul Property, Mexico

Guerrero Exploration and its JV partner first initiated a field exploration program at the Cerro Azul property in February 2011. The program consisted of prospecting, geochemical sampling and induced polarization/resistivity geophysics. Seven anomalies were identified on the Property: Cerro Azul, Las Trojas, El Pedrillo, La Palma, Las Minillas, Loma Coyote and Llano Grande (GEX News Release 26 May 2011). Of these, three have been selected for drill testing: Las Trojas, Las Minillas and Loma Coyote. Collectively, these three anomalies define a northwest trending zone 5000 meters long and 600 meters wide hosted in Cretaceous sedimentary rocks on the southern portion of the concession. Mineralization consists mainly of chalcocite in veinlets and disseminations with minor disseminated pyrite. On surface, this is oxidized to malachite, azurite, chrysocolla, jarosite, goethite and hematite.

MAG Silver Reports Voting Results from Its Annual General and Special Meeting

MAG Silver Corp. announced that the nominees listed in the management information circular for the 2013 Annual General and Special Meeting of Shareholders held on June 18, 2013 were re-elected as directors of MAG. MAG’s shareholders also re-appointed Deloitte and Touche LLP as the Company’s auditor and approved the continuation of the Company’s Shareholder Rights Plan. Detailed results of the vote for the election of directors held at the Annual General and Special Meeting are set out below.

Freyja Resources Inc. and Cyprium Mining Corporation Enter Into Pre-Acquisition Agreement

Freyja Resources Inc. is pleased to announce that it has entered into a pre-acquisition agreement with Cyprium Mining Corporation dated June 14, 2013, pursuant to which Freyja has agreed to make an offer, on or before July 15, 2013, to acquire, by way of a take-over bid, all of the issued and outstanding common shares of Cyprium in exchange for common shares of Freyja on a one for one basis. Freyja has also agreed to exchange all of the currently issued and outstanding shares purchase warrants of Cyprium for warrants to purchase Freyja Shares which have identical terms. As at the date hereof, there are 7,480,000 Cyprium Shares and 2,860,000 Cyprium Warrants issued and outstanding.

Kimber Extends Repayment of Debt to Sprott Resource Lending to December 28, 2013

Kimber Resources Inc. announces that it has notified Sprott Resource Lending Partnership that it is exercising its right to obtain a six month extension of the maturity date of its $5 million loan credit facility with SRLP announced on July 18, 2012 by the issuance to SRLP of common shares of the Company having a value of $150,000. The number of Extension Shares issued to SRLP will be determined by dividing $150,000 by the 5-day volume weighted average price of the Company’s shares on the TSX for the five trading days preceding June 28, 2013, the date on which the Extension Shares are required to be issued to SRLP. As a result of such extension, the new maturity date of the Credit Facility will be December 28, 2013.

Formation Metals Exposes Dissident Nominees’ Governance and Compensation History and Lack of Relevant Experience

Formation Metals Inc. announced today that it brings to shareholder’s attention important details regarding the nominees proposed by dissident shareholder, Dundee Corporation, namely Messrs. Paul Carroll and David Christie, regarding Mr. Carroll’s governance and compensation record and Mr. Christie’s lack of relevant public company experience. Formation also announces the positive recommendation from leading proxy advisory firm, Institutional Shareholder Services Inc.

Torex Consistently Intersects Au-Ag-Cu Mineralization at Media Luna Maiden Resource Estimate Now Expected by Early Q4/13

Torex Gold Resources Inc. is pleased to report that the resource drilling program at its Media Luna target in Mexico, continues to intersect high grade Au-Ag-Cu mineralization over significant widths, including, in the West Zone, 27.02 g/t Au eq. over 5.2m in borehole WZML-28 located outside the magnetic anomaly, and 17.54 g/t Au eq. over 5.2m in borehole WZML-24. Highlighted intercepts in the North East Zone include, 7.68 g/t Au eq. over 16.7m in borehole NEZML-04A; 3.91 g/t Au eq. over 49.5m in borehole NEZML-20 and 13.61 g/t Au eq. over 8.4m in borehole NEZML-27.

CEO Letter to Shareholders – Vte Your White Proxies Today

As many of you know, Formation Metals has recently been challenged by a Dissident Shareholder regarding the recently announced proposed sale of the Company’s precious metals refinery and has sought to obtain injunctions restraining the Company and the buyer from proceeding with the sale of the refinery, and in addition, has commenced proceedings against the directors of the Company based on unfounded allegations of breach of fiduciary duty.

We are world leaders in testing, inspection and certification services. We are present in all sectors of the economy with solutions and services that enhance the business, avoiding risks, improving operational performance and protecting the reputation and brand of our clients.

We are world leaders in testing, inspection and certification services. We are present in all sectors of the economy with solutions and services that enhance the business, avoiding risks, improving operational performance and protecting the reputation and brand of our clients.