Month: December 2013

Amarium Technologies Inc. : Amarium Initiates Expansion Upgrades to Production Mill at San Pedro

Amarium Technologies Inc., through its wholly owned subsidiary Amarium Minerals Inc., reports that the Company has approved upgrades to their mill at the San Pedro Copper Mine in Michoacan, Mexico. The flotation mill at the San Pedro Mine currently has a capacity of 20 tons per day, but after upgrades the mill will have a capacity of 200 tpd and will be expandable to 500 tpd. Amarium management stated that the upgrades to San Pedro are to begin immediately.

Cayden receives remaining $7.87 million for the completion of the partial Morelos Sur land sale

Cayden Resources Inc. is pleased to announce that it has received the final payment of $7,872,000 USD from its February 1, 2013 land sale which is now complete. In that sale, Cayden’s Mexican subsidiary sold approximately 23% (3,997 hectares from the original 17,076 hectares) of its “Morelos Sur Concession” to a subsidiary of Goldcorp Inc. for a total of $15,744,000. The exact boundaries of the sold portion were varied somewhat as part of the final completion documents.

Cortez Increases Private Placement

Further to its news release of November 13, 2013, Cortez Gold Corp announces a further amendment to its proposed private placement by increasing the size of the offering to 5 million units, for gross proceeds of $1 million. The pricing remains unchanged at $0.20 per unit with each Unit consisting of one common share of the Company and one-half of one share purchase warrant with each whole Warrant entitling the holder to acquire an additional common share of the Company at $0.40 per share for a period of 24 months after issuance. The Warrants will be subject to an accelerated expiry should the common shares of the Company close at a minimum of $0.60 for a period of twenty consecutive trading days on the TSX Venture Exchange.

Big North Signs Letter of Intent for Acquisition of the El Tejon Flake Graphite Mine and Mill

Big North Graphite Corp. announces that the Company has entered into a letter of intent with MAG Exploration Services Inc. to acquire all of the shares of Grafito de Mexico, S.A. de C.V., held by the Vendor (which shares represent 97.5% of the issued and outstanding share capital of Grafito. Grafito is the registered and beneficial owner of the El Tejon property, a past producing flake graphite mine.

Pan American Silver to Expand its La Colorada mine

Pan American Silver Corp. has decided to proceed with the expansion of its La Colorada mine in Zacatecas, Mexico, based on the positive results of a recently completed Preliminary Economic Assessment. The PEA demonstrates that the relatively low-risk expansion project has the potential to provide robust after-tax economic returns using a $19 per ounce long-term silver price. The PEA contemplates an increase in silver production from the current level of approximately 4.7 million ounces per year to 7.7 million ounces per year by the end of 2017, for an incremental capital investment of $80 million, the majority of which will be spent over the next 3 years.

Tarsis Increases Financing

Tarsis Resources Ltd. is pleased to announce that the $300,000 financing announced on November 21, 2013 has been over-subscribed and increased to $362,750. The financing participants include investors that have supported Tarsis in the past and who are able to assist Tarsis in the future with potential financial and strategic support. The financing is fully subscribed and will close shortly.

Skeena Resources Announces Board Re-Organization

Skeena Resources Limited is pleased to announce, subject to regulatory approval, the election of Walter Coles Jr. to the Board of Directors. Mr. Coles will also assume the position of President and Chief Executive Officer. Walter holds a BA in Economics from the University of Richmond. He also serves as President, CEO and Director of Vancouver-based Anthem Resources Inc.; is Executive Vice-President of Virginia Energy Resources Inc., and is a director of Nickel North Exploration Corp. and Masuparia Gold Corporation (Anthem, Virginia Energy, Masuparia and Nickel North are all TSX Venture-listed companies). He previously worked as an equity and high yield bond analyst for New York-based Cadence Investment Partners, LLC, and as a research analyst for UBS Investment Bank.

Mexus Gold US Announces Julio Environmental Mining Permit

Mexus Gold Mining S.A. de C.V., a wholly owned subsidiary of Mexus Gold US, announced today that it has received the final Mexican Environmental Mining Permit for the Julio/Santa Elena project. The 30 year permit will allow the Company to mine and produce gold on its wholly owned property. The Company plans to establish three operations at the Julio/Santa Elena mine site.

Azure Minerals Limited : More Copper Sulphide Mineralisation Intersected at Cascada

• Drilling extends the Cascada mineralised zone

• Four drill holes completed (1,052m)

• Significant amounts of copper sulphide mineralisation visually identified in all holes

• High-grade strike length extended to over 140m and down dip to over 150m – remains open to the west and at depth

• First assay results expected in early 2014

• Copper porphyry potential still yet to be tested in this program

Gold Resource Corporation Expands Switchback Discovery Intercepting Multiple High-Grade Mineralized Veins Over 68 Meter In

Gold Resource Corporation announces the expansion of its high-grade Switchback discovery intercepting multiple veins over a 68 meter wide interval. Step-out drilling includes 5.27 meters of 2.93 grams per tonne (0.09 oz/ton) gold, 0.89 meters of 16.95 grams per tonne (0.49 oz/ton) gold and 1.60 meters of 575 grams per tonne (16.79 oz/ton) silver. Gold Resource Corporation is a gold and silver producer with operations in the southern state of Oaxaca, Mexico. The Company has returned over $91 million to shareholders in monthly dividends since declaring production July 1, 2010, and offers shareholders the option to convert their cash dividends into physical gold and silver and take delivery.

Candente Gold Corp.: Non-Brokered Financing Announcement

Candente Gold Corp. is pleased to announce, subject to regulatory approval, that it has agreed to carry out a non-brokered private placement of approximately 10,000,000 common shares at a price of Cdn$0.05 per common share to raise gross proceeds of up to Cdn$500,000.

Santacruz Silver Announces Gavilanes Maiden Resource Estimation: 6.1 million AgEq ounces Indicated and 28.3 AgEq million ounces Inferred

Santacruz Silver Mining Ltd. is pleased to announce the results of the maiden NI 43-101 Resource Estimate for its Gavilanes silver project located in San Dimas, Durango, Mexico. Based upon a 75 gram per tonne silver equivalent cut-off, the resources on three of seven known veins, Guadalupe, Descubridora and San Nicolas, as well as the El Hundido stockwork are as follows:

Almaden Infill Drilling on Main Zone, Hits 17.75 Meters of 2.62 g/t Au, 91.1 g/t Ag (4.4 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.

Osisko completes long-term debt renegotiation

Osisko Mining Corporation is pleased to announce that it has completed the final agreements with CPPIB Credit Investments Inc., a wholly-owned subsidiary of the CPPIB Investment Board, the Caisse de dépôt et placement du Québec and Ressources Québec, a subsidiary of Investissement Québec, to modify certain terms of its long-term debt facilities.

Gold Resource Corporation’s Aguila Mill Expansion Complete

Gold Resource Corporation announces the on time completion of its El Aguila mill expansion. Gold Resource Corporation is a gold and silver producer with operations in the southern state of Oaxaca, Mexico. The Company has returned over $91 million to shareholders in monthly dividends since declaring production July 1, 2010, and offers shareholders the option to convert their cash dividends into physical gold and silver and take delivery.

VVC Exploration Arranging Financing

VVC Exploration Corporation announces having arranged a debt financing with Palos Merchant Fund LP. in the amount of $50,000 which bears interest at 15% per year and is secured by a Promissory Note and 5 million shares of the Company held by the Company’s subsidiary, Camex Mining Development Group Inc. Palos is a significant shareholder of VVC holding 32,706,922 shares of the Company.

Source Exploration Corp. Announces Finder´s Fee Commission in Connection with Offering

Source Exploration Corp. announces that in connection with its previously announced non-brokered private placement of up to 5,000,000 units of the Company at a price of $0.075 per Unit for gross proceeds of up to $375,000, the Company will pay a finder’s fee to certain arm’s length parties of up to 6% of the gross proceeds of the Offering that are sold to subscribers introduced by such parties, payable in cash or common shares of the Company, in consideration for their efforts in introducing subscribers to the Company. The finder’s fee payments are subject to the approval of, and will be made in accordance with, the rules of the TSX Venture Exchange.

Alta Vista Receives Approval for First Tranche of Private Placement

Alta Vista Ventures Ltd. is pleased to announce that final approval has been received from the TSX Venture Exchange for the first tranche of its previously announced non-brokered private placement in the Company at a price of $0.05 per Unit. The first tranche is 1,280,000 Units for gross proceeds of $64,000. A unit consists of one common share and one non-transferable common share purchase warrant valid for two years. Each warrant will entitle the holder to purchase one additional common share at a price of $0.075 for the first year and $0.10 for the second year. The warrants will expire on December 11, 2015. The shares forming part of the units and the shares acquired on exercise of the warrants are subject to restrictions on resale until April 12, 2013.

Great Panther Silver Announces Results of San Ignacio Surface Drilling

Great Panther Silver Limited today announced surface drilling results from its 100% owned San Ignacio Project in Guanajuato, Mexico. San Ignacio is currently in development with production expected to commence in the first half of 2014. The surface drilling comprised 13 holes totaling 1,144 metres and was focused on the upper 80 metres of the Intermediate Vein in order to define the top of the epithermal system and to better guide the first two years of development.

U. S. Antimony Reports Increased Mexican Production

United States Antimony Corporation estimated that Mexican production of contained antimony metal for 2013 will be 663,559 pounds compared to 372,046 for 2012, an increase of 78%. Overall sales for 2013 are estimated at 1,621,990 pounds of contained antimony metal compared to 1,423,279 for 2012, an increase of 14%.

Scorpio Mining Receives Final Permit to Proceed with Development of the Underground El Cajón Mine in Mexico

Scorpio Mining Corporation is pleased to announce that the Secretariat of Environment and Natural Resources (SEMARNAT) for the State of Sinaloa, Mexico, has approved the application for the Change of Use of Soil submitted by its wholly-owned subsidiary, Minera Platte River Gold, S. de R.L. de C.V., pertaining to the development of underground mining operations at the El Cajón Project, located in the Cosalá Norte District.

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