Day: July 17, 2013

Almaden Minerals Ltd. Announces Closing of $5.47 Million Non-Brokered Private Placement

Almaden Minerals Ltd. is pleased to announce that it has closed a non-brokered private placement by the issuance of 4,376,000 units at $1.25 per Unit to a small group of Mexican and Mexican focussed strategic investors. Each Unit consists of one common share and one non-transferable common share purchase warrant. Each Warrant allows the holder to purchase one common share at a price of $1.50 per common share until January 17, 2015 and, thereafter, at a price of $1.80 per common share until July 17, 2016. A finder’s fee of $232,500 in cash and finder’s warrants to purchase up to 186,000 common shares at a price of $1.50 per common share until July 17, 2016 was paid on a portion of the placement.

Freyja Resources Inc. Announces Receipt of TSX Venture Exchange Conditional Approval and Amendment to Pre-Acquisition Agreement Entered Into With Cyprium Mining Corporation

Freyja Resources Inc. is pleased to announce that it has received the conditional approval of the TSX Venture Exchange to the proposed offer to acquire, by way of a take-over bid, all of the issued and outstanding common shares of Cyprium Mining Corporation subject to fulfillment of ordinary conditions for transactions of this nature.

Sierra Metals Announces Significant Increase In Silver Resources At Its Cusi Property, Chihuahua, Mexico

Sierra Metals Inc. is pleased to announce a new silver resource estimate on its Cusihuiriachic Property (Cusi), Chihuahua State, Mexico. These resources are in two areas of the Cusi mine currently in commercial production, Promontorio and Santa Eduwiges, as well as in two prospective areas, La India and San Juan, where the company is doing underground development. This resource estimate was prepared by Gustavson Associates, LLC (“Gustavson”) of Lakewood, Colorado.

Southern Silver Reports 9.2 metres of 401g/t Ag, 8.5% Pb and 5.1% Zn and Extends Precious-Base-Metal-Rich Mineralization to 600 Metres Depth at the Cerro Las Minitas Project

Southern Silver Exploration Corp. reported today that its wholly owned subsidiary, Minera Plata del Sur, S.A. de C.V., under the direction of Freeport-McMoRan Exploration Corporation, has completed an initial eight core hole, 3445 metre drill program on the company’s Cerro Las Minitas project located in Durango, Mexico. Freeport-McMoRan Exploration Corporation holds a right to acquire up to a 70% indirect interest in the project.

Excalibur Announces Results of Mineralogy Study. High Metallurgical Recoveries Expected

Excalibur Resources Ltd. is pleased to report the results of two mineralogical studies on stockpiled ore samples collected on the Company’s Catanava property in Pinos, Zacatecas State, Mexico. The studies were completed by Terra Mineralogical Services Inc., the purpose of which is to better understand the ore characteristics and to provide some expected gold and silver recovery estimates. The results of the study indicate that the gold and silver recoveries will be maximized through a combination of a moderate fine primary grind and flotation. The assay results from SGS Lakefield are shown in the following table.

Red Tiger Announces the Resignation of a Director

Red Tiger Mining Inc. announces that it has received and accepted the resignation of Mr. Sergey Yanchukov from the Board of Directors. Mr. Yanchukov’s resignation is effective immediately.

Oretest is a mining exploration drilling contractor based in Mazatlán, Sinaloa, México. The company is managed by Bart Forsyth, with 36 years of extensive drilling experience on most continents with major companies. The company takes great pride in providing high-quality services while making safety a priority. Maintenance, cleanliness, precision and proper drilling habits makes a good safety environment and produces results.

Nuestras responsabilidad con los clientes es ofrecer productos de calidad y una atención personalizada para las necesidades de cada uno de ellos. Así mismo, nuestro compromiso con la sociedad en México es cumplir con las medidas de seguridad recomendadas por la Secretaría de la Defensa para el manejo de materiales peligrosos.