Month: June 2013

Brigus Gold Settles Dispute on Huizopa Project

Brigus Gold Corp. is pleased to advise that it has reached a settlement agreement in connection with its Huizopa exploration project located in the Sierra Madre Occidental mountains in Chihuahua, Mexico.

Gold Resource Corporation Discovers New Mineralized Zone at Arista Deposit With 500 Meter Stepout Including 2.2 Meters of 12.91 Grams Gold and 410 Grams Silver

Gold Resource Corporation announces it intercepted new mineralization approximately 500 meters northeast of the Arista vein system in a stepout hole cutting 2.2 meters of 12.91 grams per tonne gold and 410 grams per tonne silver. Gold Resource Corporation is a low-cost gold producer with operations in the southern state of Oaxaca, Mexico. The Company has returned over $83 million to shareholders in monthly dividends since declaring commercial production July 1, 2010, and offers shareholders the option to convert their cash dividends into physical gold and silver and take delivery.

Minaurum Gold Receives Report on Santa Marta Project in Oaxaca from Dr. James Franklin

Minaurum Gold Inc. is pleased to announce the results of a review and report by Dr. James Franklin on its 100% controlled Santa Marta project in Oaxaca, Mexico. Dr. Franklin is a geologist with more than 40 years of research and exploration experience on both active and ancient volcanogenic massive sulfide systems along with numerous discoveries to his credit.

MAG Silver Appoints George Paspalas As President And CEO

MAG Silver Corp. announced today that George Paspalas will succeed Dan MacInnis as MAG Silver’s President and Chief Executive Officer effective October 15, 2013. George Paspalas was formerly President and Chief Executive Officer of Canadian based gold producer Aurizon Mines Ltd. which was recently acquired by Hecla Mining Company. Dan will remain as an integral member of the board of directors of the company.

NGEx Announces Election of Directors

NGEx Resources Inc. is pleased to announce that the nominees listed in the management information circular for the 2013 Annual and Special Meeting of Shareholders were elected as directors of NGEx. Detailed results of the vote for the election of directors held at the Annual Meeting earlier today are set out below.

Guerrero Exploration soars 40% on development update

The second most active stock on the TSX Venture was Guerrero Exploration Inc. It rose 40% and was trading at $0.07 after 2.6 million shares changed hands after the exploration mining company provided a development update on its Cerro Azul property located in Guerrero, Mexico. The company plans to start exploration in quarter three of 2013 pending permit approval by the Mexican Government.

Gold Resource Corporation Drills 4.7 Meters of 3.1 Grams Gold and 2,658 Grams Silver at Arista’s Splay 5

Gold Resource Corporation continues to intercept high grade gold and silver mineralization at its Arista deposit, drilling 4.7 meters of 3.1 grams per tonne gold and 2,658 grams per tonne silver in vein Splay 5. Gold Resource Corporation is a low-cost gold producer with operations in the southern state of Oaxaca, Mexico. The Company has returned over $83 million to shareholders in monthly dividends since declaring commercial production July 1, 2010, and offers shareholders the option to convert their cash dividends into physical gold and silver and take delivery.

Fortuna completes transaction to purchase 100% of the Taviche Oeste Concession

Fortuna Silver Mines Inc. is pleased to announce that the company has made the final US$6.0 million option payment to purchase the remaining 45% interest in the Taviche Oeste Concession. Fortuna now holds a 100% undivided interest in the Taviche Oeste concession which contains the Trinidad North discovery. The company will continue to advance exploration efforts on the high-grade silver-gold Trinidad North discovery which remains open to the north and to depth.

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.

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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.