Year: 2013

Golden Goliath – Las Bolas / Los Hilos Update

Golden Goliath Resources Ltd. has received the final report from Agnico Eagle Mines Limited on their 2013 drilling program on the Las Bolas/ Los Hilos property. The diamond drill program was carried out between May 5th and May 26th, 2013, and totaled 930 meters in 10 holes; from which 992 core samples were obtained and sent to ALS Chemex laboratory for assaying. Five of these drill holes aimed to test the “El Orito” area, three drill holes were located at “Los Hilos” area and two drill holes were located at “Las Bolas-El Gambusino” area. The program aimed to test mineralized structures including veins, stockwork zones, faults and fractures parallel to known mineralized structural trends.

Bacanora Provides Update Re Rare Earth Minerals Plc Agreement

Bacanora Minerals Ltd. announced today that Rare Earth Minerals, Plc has satisfied all conditions under the terms of the agreement between Bacanora and REM in respect of the El Sauz and Fleur lithium concessions (details of which are set out in the Company’s press release dated May 22, 2013) to earn a 10% interest in the subsidiary that will hold the Concessions. In particular, REM has provided the Company with an upfront cash payment of $250,000, together with a further $500,000, which has been allocated towards the Company’s recently completed drilling program on the Concessions. With this condition having been satisfied, the Concessions are now in the process of being transferred to a newly formed Mexican subsidiary of Bacanora, following which shares therein will be issued to REM.

Mexus Gold US Announces a Mine Acquisition and a Newly Formed Joint Venture

Mexus Gold US (OTCQB:MXSG), and its subsidiary, Mexus Enterprises, S.A. de C.V., negotiated a new agreement covering the San Felix Mine. The company also entered a joint venture agreement with Atzek Mineral S.A. de C.V., a well-known Mexican mining exploration and mineral evaluation company, for participation in mining operations of the Mexus–Atzek Mine (formerly named Trinidad Mine).

Aura Silver Confirms Receipt of US $1.3 Million Payment Triggered by West Taviche Sale

Aura Silver Resources Inc. is pleased to confirm that the Aura Silver / Intrepid Mines Ltd. joint venture has received the payout of US $2.0 million net of prior concession fees owed to Pan American Silver Corp. as announced in Press Release #13-02 of July 16, 2013. The payment was triggered by the completion of Pan Am’s sale of the West Taviche concession to Fortuna Silver Mines Inc. and is in accordance with the agreement between the Taviche JV and Pan Am which was completed in April 2012. The April 2012 agreement allowed Pan Am to retain a 100% ownership of West Taviche with the proviso that upon a sale of an interest greater than 70% in the property, US $2.0 million would be paid to the Taviche JV. In turn, the Taviche JV received a 100% ownership interest in the East Taviche concession where the Taviche JV has had the greatest amount of drilling success. Pan Am retains a 1.5% net smelter royalty in respect of East Taviche.

Alamos and Esperanza Provide Update on Arrangement Transaction

Alamos Gold Inc. and Esperanza Resources Corp. today remind shareholders of Esperanza that the date for the special meeting of the shareholders of Esperanza in respect of the proposed transaction between Alamos and Esperanza previously announced on July 12, 2013 will take place at 10:00 a.m. on August 27, 2013.

Scorpio Gold Reports Financial Results for Second Quarter of 2013 and Provides Updated Guidance for 2013

Scorpio Gold Corporation is pleased to announce its financial results for the second quarter ended June 30, 2013. This press release should be read in conjunction with the Company’s Management Discussion & Analysis and the condensed consolidated interim financial statements for Q2, available on the Company’s website at www.scorpiogold.com and under the Company’s name on SEDAR at www.sedar.com. All monetary amounts are expressed in US dollars. Comparative numbers disclosed were restated following the adoption of the new IFRS standard, IFRIC 20, Stripping costs in the production phase of a surface mine. See note 3 a) of the Q2 condensed consolidated interim financial statements for more information on the effects of IFRIC 20.

Sierra Metals announces modification on share repurchase plan after graduation to the TSX

Sierra Metals Inc. announces that it has signed an amended and restated dealer agreement with a designated broker in respect of its previously announced normal course issuer bid. The Company and the Broker entered into a dealer agreement dated March 26, 2013, as amended on May 10, 2013, whereby the Broker was engaged to operate an automatic share purchase plan under the NCIB. Reference should be made to the Company¡¯s press releases dated March 26, 2013 and May 10, 2013, respectively, for further details regarding the ASPP and the NCIB.

Arian Silver Corporation: Update on Financing

Arian Silver Corporation, a silver exploration, development and production company with a focus on projects in the silver belt of Mexico, announces further to its announcement on 26 July 2013 the positive advancement of negotiations regarding future financing. The private placement debt financing of US$15,585,000 comprises a senior secured convertible note, which would mature at a premium of 5% if not otherwise converted, twelve months from its date of issuance and will bear interest at an annual rate of 14% to be prepaid in full upon closing of the Private Placement.

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