Month: August 2013

Alamos and Esperanza Provide Update on Arrangement Transaction

Alamos Gold Inc. and Esperanza Resources Corp. today remind shareholders of Esperanza that the date for the special meeting of the shareholders of Esperanza in respect of the proposed transaction between Alamos and Esperanza previously announced on July 12, 2013 will take place at 10:00 a.m. on August 27, 2013.

Scorpio Gold Reports Financial Results for Second Quarter of 2013 and Provides Updated Guidance for 2013

Scorpio Gold Corporation is pleased to announce its financial results for the second quarter ended June 30, 2013. This press release should be read in conjunction with the Company’s Management Discussion & Analysis and the condensed consolidated interim financial statements for Q2, available on the Company’s website at www.scorpiogold.com and under the Company’s name on SEDAR at www.sedar.com. All monetary amounts are expressed in US dollars. Comparative numbers disclosed were restated following the adoption of the new IFRS standard, IFRIC 20, Stripping costs in the production phase of a surface mine. See note 3 a) of the Q2 condensed consolidated interim financial statements for more information on the effects of IFRIC 20.

Sierra Metals announces modification on share repurchase plan after graduation to the TSX

Sierra Metals Inc. announces that it has signed an amended and restated dealer agreement with a designated broker in respect of its previously announced normal course issuer bid. The Company and the Broker entered into a dealer agreement dated March 26, 2013, as amended on May 10, 2013, whereby the Broker was engaged to operate an automatic share purchase plan under the NCIB. Reference should be made to the Company¡¯s press releases dated March 26, 2013 and May 10, 2013, respectively, for further details regarding the ASPP and the NCIB.

Arian Silver Corporation: Update on Financing

Arian Silver Corporation, a silver exploration, development and production company with a focus on projects in the silver belt of Mexico, announces further to its announcement on 26 July 2013 the positive advancement of negotiations regarding future financing. The private placement debt financing of US$15,585,000 comprises a senior secured convertible note, which would mature at a premium of 5% if not otherwise converted, twelve months from its date of issuance and will bear interest at an annual rate of 14% to be prepaid in full upon closing of the Private Placement.

Alamos Comments on Esperanza News Release

Alamos Gold Inc. commented on the news release issued earlier today by Esperanza Resources Corp. regarding the recent amendment to Article 71 of the Law of Rural Sustainable Development in the State of Morelos, Mexico. The principal asset of Esperanza, the Esperanza gold project, is located in Morelos.

Tarsis Commences Exploration at Yago Gold-Silver Property, Mexico

Tarsis Resources Ltd. is pleased to announce it has commenced exploration at its Yago gold-silver property, located in Nayarit State, Mexico. Tarsis recently acquired a 100% interest in the project from Almaden Minerals Ltd. The claims are located approximately 50 km from the state capital Tepic and feature excellent infrastructure including paved highways and electrical transmission lines.

Cayden Samples 29 m of 3.1 g/t Gold at El Barqueno in a New Target Area and Receives Drill Permit

Cayden Resources Inc. is pleased to announce that it has received additional results from its ongoing exploration program at its El Barqueño property located in Jalisco State, Mexico. The trenches are the first taken by the Company from the Peña de Oro target area, seven km northeast along strike, from the Azteca area where recent trenches have been announced. Highlights include 29 meters of 3.1 g/t Au including 2 meters of 19.2 g/t Au, 13 meters of 2.4 g/t Au, and 8 meters of 14.7 g/t Au including 2.5 meters of 44.1 g/t Au.

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.