Day: September 9, 2013

Amarium Receives $4.5 Million Payment from Anglo-Asia Resource Partners

Amarium Technologies Inc., through its wholly owned subsidiary Amarium Minerals Inc., reports that the Company has received USD$4.5 million from Anglo-Asia Resource Partners, representing the first installment of payments in their previously announced Copper Stream Agreement. Anglo-Asia is a private Hong Kong based partnership that is focused on procuring precious and base metals for the Asian market. On June 5th, 2013, Amarium entered into a Copper Stream Agreement with Anglo-Asia, for an initial payment of US$8.75 million. A second installment of USD$4.25 million is expected to be completed later this fall, as the expansion project at the Jovita mill continues to progress. Under the terms of the Copper Stream Agreement, Anglo-Asia is entitled to 18% of the monthly production at Jovita, but is also required to make ongoing payments of $0.75 per pound of copper.

Riverside Resources Receives Additional $300,000 In Target Definition Funding From Alliance Partner Hochschild Mining To Advance Riverside’s Clemente Project, Sonora, Mexico

Riverside Resources Inc. is pleased to announce that an additional $300,000 has been received from its alliance partner, Hochschild Mining Plc, for target definition at the Company’s Clemente project in Sonora, Mexico. The additional funds will be used to carry out further mapping, geochemistry and trenching work this fall to refine targets ahead of potential drill testing in early 2014. Target Definition funding will provide Riverside and Hochschild an opportunity to further evaluate and advance Alliance properties as potential Designated Projects before entering the earn-in stage of the agreement. Once a project is selected as a DP, Hochschild can earn a 65% interest by spending $5M in exploration over four years and making a one-time cash payment to Riverside of $3M.

Sierra Metals Discovers Three Zones With Bonanza Grades Of Silver And Gold Mainly Through Mine Development At Its Cusi Property, Chihuahua State, Mexico

Sierra Metals Inc. is pleased to announce that development in the Santa Eduwiges mine at its Cusi property has opened two new areas of bonanza grade silver mineralization, the Monaco and Veta del Contacto areas. In addition, on-going mapping and sampling of the La Gloria vein at its Cusi property has returned high grades of silver over significant strike lengths. Moreover, mapping of the Milagro and San Rafael veins gave encouraging visual results.

Avino August Production Report

Avino Silver and Gold Mines Ltd. is pleased to announce the August 2013 production results from its San Gonzalo mine and Historic Avino Mine surface stockpile operations located on the Avino property near Durango, Mexico.

Cream Minerals Announces Termination of Investor Relations Agreement

Cream Minerals Ltd. announces that Cream and John Walter Communications Inc. have agreed to mutually terminate the investors relations agreement effective September 5, 2013. The change to the Company’s investor relations services is intended as a cost cutting measure while the corporate reorganization and financing proceeds. Cream thanks John Walters President, JWCI for his commitment to Cream and the quality service he provided to the Company.

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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.