Month: April 2014

Fortuna Silver jumps after Mexico intercepts

Fortuna Silver Mines Inc jumped more than 3% on Tuesday after releasing impressive intercepts at the Trinidad North discovery at its San Jose silver-gold mine in Mexico.

Prevé minera canadiense extraer 3.6 tons de oro al año en Ixtacamaxtitlán

Mediante una mina a cielo abierto, la canadiense Almaden Minerals podría obtener ganancias por más de 335 millones de dólares anuales, al extraer de 130 mil onzas de oro (3.6 toneladas) y 7 millones 798 mil onzas de plata (221 toneladas) durante cada uno de los 14 años que calcula de vida útil de explotación del yacimiento “Ixtaca” ubicado en una porción de las 14 mil hectáreas de terreno de su proyecto “Tuligtic” en el municipio serrano de Ixtacamaxtitlán.

Baja Mining Provides Update on Class Action Litigation

Baja Mining Corp. provides a further update to its announcement on April 9, 2014 notifying of the hearing that was held on April 8, 2014 in the Ontario Superior Court of Justice in connection with the proposed class action proceeding previously reported on July 27, 2012.

Camino Minerals Provides Details Of Proposed Share Consolidation

Camino Minerals Corporation announces that its shareholders will be asked to approve a consolidation of the Company’s common shares on a ten old common shares for one new common share basis at a special meeting of the shareholders of the Company to be held on May 29, 2014. If approved by the shareholders, the Company’s board of directors will have the ability to implement the Share Consolidation. The Company currently has an aggregate of 96,265,432 common shares issued and outstanding. The Share Consolidation, as proposed and if effected today, would reduce the outstanding common shares to 9,626,543 common shares.

Mercator Minerals Provides Update on Combination with Intergeo

Mercator Minerals Ltd announces that it has agreed with Intergeo MMC Ltd to certain amendments to the agreements executed in connection with the proposed business combination between Mercator and Intergeo announced on December 12, 2013, including the extension of the completion deadline up to May 30, 2014 and, in certain circumstances, up to August 1, 2014 and additional interim funding.

Fortuna intercepts 2.6 kg/t Ag and 10.8 g/t Au over 3 m at Trinidad North Discovery, San Jose Mine, Mexico.

Fortuna Silver Mines Inc. is pleased to announce additional results for step-out drilling of the Trinidad North discovery located contiguous with the San Jose Mine in Oaxaca, Mexico. Assay results are included for eight drill holes completed in March and April of 2014. The results continue to confirm the extension of the Trinidad North zone with high-grade silver-gold mineralization present over wide vein widths. The results reported herein lie within a 230 meter strike extension of the Trinidad system and generally outside of the limits of the existing Inferred Resources.

Azure Minerals Ltd. – Capital Raising

Azure Minerals Limited is pleased to advise that it has received commitments to participate in a share placement of approximately 64.20 million fully paid ordinary shares at $0.027 each to raise approximately $1.733 million. In addition, under the terms of the Share Placement one (1) free attaching option exercisable at $0.045 each (expiring on 30 November 2016) will be awarded for every 8 shares allotted in the placement.

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.

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