Day: December 12, 2013

Corex Gold (V.CGE) up 25% on drilling results

Corex Gold Corp. (TSX: V.CGE, Stock Forum) rose 25% to 7.5 cents after the exploration junior announced results from drill hole SNT-DH0001 provided by its joint venture partner Vale Exploraciones Mexico S.A. de C.V., a subsidiary of Vale S.A. (NYSE: VALE, Stock Forum).This first hole of a 4,000 metre first phase drill program has intersected a significantly mineralized copper-gold-silver system in the Benjamin zone at the company’s Santana property, Sonora, Mexico. Hole SNT-DH0001 intersected 49 metres averaging 1.50% copper, 0.37 grams per tonne gold and 97.49 grams per tonne silver.

Mercator Minerals Ltd. climbs 100% on news of combination with Intergeo MMC Ltd.

Mercator Minerals Ltd. climbed 100% to nine cents as investors assessed the news that the resource company and Intergeo MMC Ltd., a privately held mineral resource company, have been combined to create a new copper-focused base metal company. In connection with the transaction, Daselina Investments Ltd., Intergeo’s controlling shareholder, has agreed to invest US$100 million plus an amount equal to the accrued interest under the bridge loan via a private placement in the combined company at a subscription price of US$0.1224 per share.

Almaden Infill Drilling on Main Zone, Hits 43.50 Meters of 3.16 G/T Au, 235.4 G/T Ag (7.9 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. The infill program has been designed to upgrade resources currently in the inferred category to the higher confidence measured and indicated categories. The holes announced today show the continuity and high grades of the Main and Northern zones 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):

Peñoles galardona a su “Proveedor del Año”

La empresa ganadora fue Servicios Industriales Fafaci, que ofrece pailería estructural a Met-Mex desde hace 7 años. Y 30 compañías recibieron el distintivo de “Proveedores Confiables”.

El Tigre Silver Corp. Announces Proposed Warrant Extension

El Tigre Silver Corp. is pleased to announce that it will be applying to the TSX Venture Exchange for approval to the extension of the expiry date of 2,232,000 common share purchase warrants issued on December 30, 2011 and January 26, 2012 from December 30, 2013 to December 30, 2014 and January 26, 2014 to January 26, 2015, respectively. These warrants were issued as part of a private placement transaction and are exercisable at $0.40 into 2,232,000 common shares of the Company.

Vale Drills 49 m of 1.50% Cu, 0.37 g/t Au and 97.49 g/t Ag on First Drill Hole of Corex’s Santana Project

Corex Gold Corp. is pleased to announce results from drill hole SNT-DH0001 provided by its joint venture partner Vale Exploraciones Mexico S.A. de C.V., a wholly-owned subsidiary of Vale S.A.. This first hole of a 4000 m first phase drill program has intersected a significantly mineralized copper-gold-silver system in the Benjamin zone at the Company’s Santana Property, Sonora, Mexico. Hole SNT-DH0001 from 173 m to 222 m intersected mineralization averaging 1.50% Cu, 0.37 g/t Au and 97.49 g/t Ag.

Kootenay drilling returns multiple hits on central zone

Kootenay Silver Inc. is pleased to announce assay results from a further fifteen drill holes as part of its ongoing, multi-phase drill and resource expansion program on its flagship Promontorio Silver Project in Sonora, Mexico. The Company reports drilling continues to encounter high-grade results within a newly identified breccia zone situated between the Pit and NE Zones (See June 4, 2013 news release). A further 5,500 meters of drilling have been completed, which concludes the current 5,000 meter drill phase, bringing the total drilled since November 2012 to 21,500 meters.

Capstone Mining Corp. to Proceed with 2014 Cumbral-San Bartolo Exploration

Westminster Resources Ltd. is pleased to report that it has been advised by Capstone Mining Corp. that they will be continuing exploration, as operator, on the Cumbral-San Bartolo project, during 2014, in accordance with the terms of the existing option agreement. Permitting and planning for exploration, which will focus on diamond drilling, is in progress.

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