Month: September 2013

Rare Earth Minerals updates on lithium JV

Rare Earth Minerals has been informed by its joint venture partner Bacanora Mineral Ltd that additional concessions, contiguous with the existing Fleur and El-Sauz concessions the that contain the Fleur-El Sauz Lithium deposit in northern Mexico, have been staked and mineral rights secured.

Endeavour Silver Reports Fatality at Guanacevi Mine

Endeavour Silver Corp. regrets to announce the death of a mine worker due to a fatal accident at the Guanaceví mine in Durango State, Mexico. The accident occurred on September 1 and was the result of a rock fall underground near a pump station at Porvenir Cuatro. This area remains closed while the Company and the Mexican authorities complete a full investigation. Other areas remain open and production has not been affected.

Oroco Announces Completion of the Sale of Cerro Prieto

Oroco Resource Corp. is pleased to announce the closing of the sale to Goldgroup Mining Inc. of a 100% interest in Oroco’s Cerro Prieto Project effected by way of the sale of the Company’s wholly-owned Panamanian subsidiary, Minera Polimetalicos Mexicanos, S.A. and its Mexican subsidiary, Minas de Oroco Resources, SA de CV, the owner of the mineral concessions making up the Cerro Prieto property.

Starcore Pays Final $3.68 Million Of Debt

Starcore International Mines Ltd. is debt-free and now owns the San Martin gold mine free and clear. The Company paid off the amount owing of $3,681,119.48 on the credit facility extended to it by Sprott Resource Lending in May, 2012, rendering the Company free of debt.

Arian Silver Completes Financing and Acquisition of Company-owned Mill

Arian Silver Corporation, a silver exploration, development and production company with a focus on projects in the Zacatecas silver belt of Mexico, is pleased to announce that further to the Company’s news release of 23 August 2013, the Company has successfully completed its private placement debt financing in the principal amount of US$15,585,000 consisting of a senior secured convertible note and has, upon completion of the financing, completed the purchase of a processing plant with a capacity to treat up to 1,500 tonnes per day of silver-lead-zinc ore at a cost of US $3.12 million, as previously reported.

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