Month: June 2013

Oroco Resource Corp.: Amparo Decision Handed Down

Further to its news release of October 22, 2012, Oroco Resource Corp. announces that it has received the decision of the Federal Seventh District Court of Mexico with regard to the joined amparo petitions of the Company and Avinadain Bautista, the party who opposed the registration by Mexico’s Public Registry of Mining of the Company’s interest in the Xochipala Concessions. The MX Amparo was a petition to set aside a Guerrero State Court auction in 2011 (the “Court Auction”) of a 50% interest in the Celia Gene and a 100% interest in the Celia Generosa concessions, which two mineral concessions comprise the Xochipala Concessions. The Court Auction had occurred under the mistaken assumption that the Comacho Interest remained a part of the estate of Carlos Camacho when, in fact, the Company had purchased the Camacho Interest from the Camacho estate in 2007.

Paran operaciones en 3 minas de Frisco

El grupo Minera Frisco anunció que la mina El Coronel, en Zacatecas, mantiene suspendida su producción por una presunta disputa entre trabajadores sindicalizados, mientras que los empleados sindicalizados de las minas María y San Francisco del Oro, en Sonora y Chihuahua, respectivamente, iniciaron una huelga al no alcanzarse un acuerdo en la revisión de su contrato colectivo de trabajo.

Red Tiger Announces Non-Brokered Private Placement and the Commissioning of an Updated NI 43-101 to update the Resource/Reserve Disclosure on the San Antonio Property

Red Tiger Mining Inc. announces that it intends to carry out, subject to the approval of the TSX Venture Exchange, a non-brokered private placement to, among other investors, insiders of the Company for gross proceeds of up to CAD$2,000,000 consisting of common shares of the Company at a price of CAD$0.18 per Share. The proceeds will be used by the Company for required capital expenditures and working capital at the Luz del Cobre mine, which is owned by the Company’s wholly-owned subsidiary, Minerales Libertad, S.A. de C.V.

Baja Mining Reports Standstill Extension

Baja Mining Corp. has been informed by Minera y Metalúrgica del Boleo, S.A.P.I. de C.V. that a standstill agreement extension with the remaining 2010 Project Financing lenders (excluding US EXIM) covering the period from May 20, 2013 to May 31, 2013 has been formally agreed. MMB continues discussions with the lenders to secure a longer-term standstill agreement and to renegotiate and reactivate the remaining 2010 Project Financing facilities.

Hecla Completes Acquisition of Aurizon Mines Ltd.

Hecla Mining Company announced today that its acquisition of Aurizon Mines Ltd. is complete. The acquisition brings to Hecla the Casa Berardi mine, which is located in Quebec, Canada, and is expected to produce 125,000 to 130,000 ounces of gold in 2013. With the ongoing shaft deepening project and planned future open pit development, the mine is expected to operate for more than a decade. The acquisition also brings several exploration and pre-development projects located in Quebec that could potentially generate future production growth.

Globexplore is a customer focused, technology driven mineral exploration drilling contractor devoted to top of class drilling methods and techniques that only years of experience can achieve. Every day we strive to be the industry leader by providing the highest rate of performance, professionalism, safety and environmental responsibility.

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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.