Month: December 2013

Kootenay Clarifies Technical Disclosure

Kootenay Silver Inc. As a result of a review by the British Columbia Securities Commission, the Company is issuing the following news release to clarify its disclosures regarding its Promontorio Silver Project and the La Negra Project, located in Sonora, Mexico.

MAG Silver Mobilizes Drill and Starts 3,000 Meter Drill Program At Canasil’s Salamandra Silver-Copper-Lead-Zinc Project in Durango, Mexico

Canasil Resources Inc. announces that MAG Silver Corp. has started the Phase 1 drill program at Canasil’s Salamandra silver-copper-lead-zinc project in Durango State, Mexico. The planned program includes a minimum of 3,000 meters of diamond drilling as part of the CAD$ 1,000,000 first year exploration expenditures required by May 2014 under an option agreement for MAG to earn up to a 70% interest in the Salamandra project.

Sierra Iron Ore provides a corporate update on the Mazomique property

Sierra Iron Ore Corporation is pleased to announce that it has made significant advancements to support the Company’s plan for an exploration/development field work program on the the Mazomique iron ore property. The Mazomique property is the Company’s 2(nd) prospective optioned iron ore property that is expected to be in development. The Company’s El Creston property recently received final permit approval to start major construction.

Starcore Earns $2.3 million in the First Quarter

Starcore International Mines Ltd. has filed the results for the first quarter ended October 31, 2013 for the Company and its mining operations. The full version of the Company’s Financial Statements and Management’s Discussion and Analysis can be viewed on the Company’s website at www.starcore.com, or SEDAR at www.sedar.com. All financial information is prepared in accordance with IFRS and all dollar amounts are expressed in thousands of Canadian dollars unless otherwise indicated.

La Patilla Channel Sampling Returns Strong Gold Values Garibaldi To Commence Immediate Drill Program At La Patilla

Garibaldi Resources Corp. is pleased to report that exploration carried out by the Company has returned strong gold values from channel sampling at its recently acquired La Patilla Property, and a drill program is ready to begin. These results include separate sample intervals grading 28.4 g/t Au over 1.3 meters, 7.5 g/t Au over 6.4 m, 6.2 g/t Au over 3.3 m, and 5.8 g/t Au over 7.9 m at the Murcielago breccia, and 13.5 g/t Au over 1.3 m at the La Patilla vein system contiguous to the southeast (sample widths are estimated true widths).

The Motley Fool: Goldcorp Gets Tarnished Again

It’s been a rough few weeks for Goldcorp, suffering as it has setback after setback to operations throughout the Western hemisphere, and now investors can add two more to the list: the threat of a lawsuit over its Penasquito mine in Mexico and a multimillion dollar fine for health and safety violations at its Cerro Negro project in Santa Cruz.

San Marco Grants Stock Options

San Marco Resources Inc. announces that, in accordance with its Stock Option Plan, it granted, on December 9, 2013, stock options to purchase 2,100,000 common shares of the Company to its directors and officers. The options are exercisable for a period of 5 years at a price of $0.10 per share.

Animas Responds to Marlin News and sets date for Special Meeting

Animas Resources Ltd. is responding to the announcement this morning by Marlin Gold Mining Ltd. that it intends to make an offer to acquire all of the outstanding common shares of Animas at $0.10 per share. It should be noted that Marlin’s press release does not constitute a formal offer and until such time as a takeover bid circular is prepared and mailed to shareholders, there is no offer.

Globexplore is a customer focused, technology driven mineral exploration drilling contractor devoted to top of class drilling methods and techniques that only years of experience can achieve. Every day we strive to be the industry leader by providing the highest rate of performance, professionalism, safety and environmental responsibility.

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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.