BHP Billiton Ltd., the worlds biggest mining company, is studying the introduction of giant, automated cargo ships to carry everything from iron ore to coal as part of a strategic shift that may disrupt the $334 billion global shipping industry.
Edward Stringer, CEO of Colibri is quoted as saying, “We are most encouraged by the presence of widespread gold encountered by Agnico Eagle in the recent drilling at our Pitaya joint venture project. We look forward to receiving additional drill results as they arrive.”
Ramon Perez, CEO of Candelaria, stated: This strategic investment by Agnico, one of the worlds top gold producers, is a strong endorsement of the quality and potential of Candelarias Caballo Blanco gold project. We are excited to have this investment to allow us to initiate on our strategic objectives, principally intended to expand and upgrade the Caballo Blanco resource.
Riversides President and CEO, John-Mark Staude, stated: We are pleased with the consistency and exploration values exceeding previous sampling in these areas on the Cecilia Project. The high-grade gold and silver assays at the North Breccia and Central zones of Cerra Magallanes validates our precious metal flow-dome model and brings us a step closer to a potential discovery. We are in the field continuing exploration at Cecilia and anticipate additional results in the near future as we strive to develop a mineral discovery for our shareholders.
IMPACT Silver Corp. announces that it has sold its Zacatecas assets to Endeavour Silver Corp. for 154,321 common shares of Endeavour with a deemed value of US$500,000. The Zacatecas assets consist of 10 mineral concessions covering 152 hectares, 14 hectares of surface rights, the old inactive Santa Gabriela 200 tonne per day processing plant and tailings facilities. IMPACT has carried out only minimal work in Zacatecas since 2009 and management took this opportunity to monetize these non-active assets and allow management to better focus its time on its silver production assets at the Royal Mines of Zacualpan and new ventures.
Bradford Cooke, Endeavour CEO and Director, stated: We are very happy to add these new properties to our exploration portfolio in Zacatecas. The two transactions confirm there are good opportunities to consolidate a larger mineral land position in Zacatecas, one of the largest historic silver mining districts in Mexico. Drilling is now underway at the Calicanto properties and we expect to permit and drill the Veta Grande properties later this year.
Santana Minerals Limited is pleased to advise that after the completion of necessary earthworks a new program of reverse circulation drilling has now commenced at the Companys flagship Cuitaboca Project in Sinaloa, Mexico.
Minera Apolo, incorporated in Mexico, holds several mining properties consisting of 65 claims over approximately 20,475 hectares in the states of Zacatecas, Durango and San Luis Potosi, Mexico. The properties consist of the Pinos district, Lucifer, KM66, Guandalcazar, Cascabel, El Gato and the Tailing Noria.
“With the redemption of our 2020 Senior Notes, New Gold has further enhanced its financial flexibility,” stated Brian Penny, Executive Vice President and Chief Financial Officer. “Consistent with the multiple steps we have taken this year to strengthen our liquidity position and reinforce our balance sheet, we are pleased that through these transactions, we have been able to both extend the term of our debt and reduce our interest rate.”
San Marco Resources Inc. announces that, following its annual general meeting on Thursday, May 31st, it has granted options to directors, officers and consultants to purchase a total of 1,700,000 shares at a price of $0.19 per share for five years. The options vest, as to 25% each, on granting and on the next three, six and nine months.
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