Day: October 23, 2013

Agnico Eagle reports third quarter 2013 results – Strong operational performance leads to record quarterly gold production and positive revision to 2013 guidance

Agnico Eagle Mines Limited today reported quarterly net income of $47.3 million, or $0.27 per share for the third quarter of 2013. This result includes a non-cash foreign currency translation loss of $6.5 million ($0.04 per share), non-cash stock option expense of $5.2 million ($0.03 per share), and other non-cash and non-recurring expenses of $1.5 million ($0.01 per share). Excluding these items would result in an adjusted net income of $60.5 million, or $0.35 per share. In the third quarter of 2012, the Company reported net income of $106.3 million, or $0.62 per share.

Bacanora Minerals Ltd.: Stage 2 Diamond Drill Program Commences on Lithium Joint Venture Lands

Bacanora Minerals Ltd. is pleased to announce that a diamond drilling rig under contract from Godbe Drilling of Colorado, USA has arrived on site and has commenced the second stage of drilling on the El Sauz and Fleur concessions that are under joint venture with Rare Earth Minerals PLC. The crew has currently completed the drilling of hole 1 of the 24 holes planned for this second stage of drilling on the Concessions. The first hole on this campaign (ES-11) was drilled approximately 200 metres northeast of hole ES-01 and is within 20 metres of the boundary with the La Ventana concession. It was drilled to a total depth of 258.16 metres and intersected a 35 metre interval of the upper clay unit and a 24 metre interval of the lower clay. The estimated true thickness of the upper clay is 33 metres and that for the lower clay is 22.5 metres. The preliminary log of the main units intersected in ES-11 is tabulated below.

Kootenay hits 183 gpt Silver Eqv over 25 meters (94 gpt Ag, 0.75 Au, 2.41% Pb+Zn) including 305 gpt Silver Eqv over 5 meters (162 gpt Ag, 0.83 Au, 4.83% Pb+Zn) as drill program continues on Promontorio high-grade zone

Kootenay Silver Inc. is pleased to announce assay results from a further 3 drill holes as part of its ongoing multi-phase drill and resource expansion program on its flagship Promontorio Silver Project in Sonora, Mexico. The current phase of drilling is focused on a series of high-grade silver intercepts recently identified within a new breccia zone of silver mineralization situated between the Pit and NE Zones. All 3 holes intercepted significant mineralization. There are currently 7 additional holes finished that are either in the assay laboratory for processing or being prepared on site for delivery to the assay laboratory.

Amarium Announces Initial Copper Production Shipment

Amarium Technologies Inc., through its wholly owned subsidiary Amarium Minerals Inc., reports that the Company’s first shipment of copper production to Anglo Asia Resource Partners is currently in transit. The initial copper shipment of 65,000 pounds to its destination in China begins the fulfillment of the copper stream sales agreement the Company entered into with Anglo Asia on June 5, 2013. Anglo Asia Resource Partners is a private Hong Kong partnership that is focused on procuring precious and base metals for the Asian market’s manufacturing and industrial supply chain.

Geologix Provides Operational Update

Geologix Explorations Inc. is pleased to provide an update regarding both its operational progress and its preparations for arranging the financing required to commence operations at the Company’s Tepal Project in Mexico.

Major Drilling Group International Inc. is one of the world’s largest drilling services companies primarily serving the mining industry. Established in 1980, Major Drilling has over 1,000 years of combined experience and expertise within its management team alone.

All News

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.