Month: September 2013

Almaden Infill Drilling Confirms High-Grade Northern Main Zone, Hits 18.25 Meters of 5.68 G/T Au, 923.8 G/T Ag (24.2 G/T Aueq) at Ixtaca, Mexico

Almaden Minerals Ltd. is pleased to announce the results from Almaden’s ongoing 2013 Ixtaca Zone drill program at the Company’s 100% owned Tuligtic project, Mexico. Almaden has commenced an infill drilling program with two of the three rigs currently drilling on the project. The infill program has been designed to upgrade resources currently in the inferred category to the higher confidence measured and indicated categories. At the same time one drill rig is focussed on step out drilling to expand the resource. The holes announced today show the continuity of high-grade gold silver veining in the Northern Branch of the Main Ixtaca high grade zone defined with previous drilling. Highlights from the holes released today include the following intercepts (a more complete list of intercepts is shown in the table below):

Cerro Las Minitas Project Expanded With Acquisition of an Interest in the Contiguous El Sol Concession

Southern Silver Exploration Corp. has received notice from Freeport-McMoRan Exploration Corporation that its affiliate has acquired an interest in mineral rights within the area of interest under the Earn-In Agreement between Southern Silver and FMEC and has offered to include its interest in the El Sol Concession under the Earn-In Agreement. Southern Silver has accepted the offer and FMEC’s interest in the 63 hectare El Sol Concession will be incorporated within the agreement, whereby FMEC holds an option to earn a 70% indirect interest in the project by making staged purchase payments and funding exploration and development expenditures of $25 million on the project over a ten year period. FMEC’s interest in the El Sol Concession is an option to acquire a 100% interest for cumulative payments of $2 million, payable over a three year period. To the extent paid by FMEC, these will be counted as a credit towards its earn-in of the Cerro Las Minitas project.

Sierra Iron Ore receives preliminary permit approval for production

Sierra Iron Ore Corporation is very pleased to announce that it has received all of the preliminary local, state, and federal permits required to initiate production on the El Creston property. These permits include the Environmental Impact Statement from the Environmental Protection Authorities (SERMANAT) and the Change of Land Use permit.

Photo Release — Mexus Pours Gold

Mexus Gold US is a gold, silver and copper exploration company focused on projects in the Western United States and Northern Mexico. Mexus Gold US and its subsidiaries Mexus Enterprises S.A. de C.V. and Mexus Gold Mining S.A. de C.V. have several mining operations in Mexico. Mexican operations include the San Felix Mine; the Mexus-Atzek Mine, a joint venture agreement with Atzek Mineral S.A. de C.V.; the Julio Mine and other prospective areas awaiting additional exploration and evaluation. Mexus Gold Mining S.A. de C.V. and Mexus Enterprises S.A. de C.V. employ over 60 people and utilize third-party consultants and geologists to assess its mining exploration and operations for gold and other precious metal values. Founded in 2009, Mexus Gold US is committed to protecting the environment, mine safety and employing members of the communities in which it operates. For more information on Mexus Gold US, visit mexusgoldus.com.

Fortuna completes 1,800 tpd mill expansion on-time and on-budget at the San Jose Mine, Mexico

Fortuna Silver Mines Inc. announced today that construction and commissioning of the processing plant’s expansion project to 1,800 tonnes per day at the San Jose Mine in Oaxaca, Mexico has been completed on-time and on-budget. The plant expansion capital expenditure was US$9 million and the mill is now operational at 1,800 tpd. Fortuna is on schedule to meet its annual production guidance of 4.5 million ounces of silver and 23,600 ounces of gold or 5.9 million ounces of Ag Eq* in 2013.

Torex Continues To Extend Strike Length At Media Luna And Media Luna West

Torex Gold Resources Inc. is pleased to report that results of its new exploration drilling program intercepted high grade Au-Ag-Cu mineralization over significant widths, beyond the recently published Media Luna Inferred Resource. Highlighted intercepts in Media Luna, but outside of the resource area, include 12.96 g/t Au Eq. over 10.8m in borehole NWZML-05 and 10.26 g/t Au Eq. over 6.6m in borehole NWZML-01B. In Media Luna West, significant intercepts include 9.81 g/t Au Eq. over 4.8m in borehole MLW-22 and 4.40 g/t Au Eq. over 14.9m in borehole MLW-03A. In the La Fe area, approximately 2 km northwest of the Media Luna resource area, reconnaissance borehole SS-07 intercepted 3.96 g/t Au Eq. over 6.1m.

Southern Silver Closes First Tranche of Financing

Southern Silver Exploration Corp. has closed the first tranche of its previously reported non-brokered private placement by issuing 6,830,150 units at a price of $0.02 per unit for gross proceeds of $136,603. Each unit consists of one common share and one share purchase warrant exercisable to purchase one additional common share for a period of three years at an exercise price of $0.05 per share. Securities issued pursuant to this tranche of the private placement, including common shares, share purchase warrants and finder’s warrants issued as finder’s fees, carry a legend restricting trading of the securities until January 14, 2014.

Gold Reserve Inc. Closes Second and Final Tranche of Private Placement

Gold Reserve Inc. is pleased to announce the closing of the second and finaltranche of its previously announced non-brokered private placement. In this tranche, the Company has issued an additional 250,000 units of securities of the Company at a price of US $3.00 per Unit for gross proceeds in the amount of US $750,000 to arm’s length subscribers. Each Unit comprises one Class A common share of the Company and one-half of one Common Share purchase warrant, with each Warrant exercisable by the holder until September 20, 2015 to acquire one Common Share at a price of US $4.00 per share. In total in the Private Placement, the Company has issued 1,750,000 Units for aggregate gross proceeds of US $5,250,000 to the Company. The proceeds are to be used by the Company for general working capital purposes.

McEwen Mining Added to NYSE Arca Gold Miners Index

McEwen Mining Inc. is pleased to announce that the Company has been included in the NYSE Arca Gold Miners Index, the preeminent index covering the gold mining industry, which is tracked by the Market Vectors Gold Miners Index ETF. The effective date of the inclusion is September 23, 2013. The Gold Miners Index is comprised of publicly traded companies focused on gold and silver mining around the world

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