Oceanus Resources Corporation is pleased to announce that it has contracted MPX Geophysics Ltd. of Markham Ontario, to conduct a helicopter-borne geophysical survey on its recently acquired La Lajita property covering over 3,200 hectares in Durango, Mexico. The La Lajita property is located in the Sierra Madre Occidental known for its numerous gold-silver mines.
Santacruz Silver Mining Ltd. is pleased to announce that it has reached commercial production at the Rosario Mine in Charcas, San Luis Potosi, Mexico.
San Marco Resources Inc. has commenced a Phase I diamond drilling program on its Angeles property in northern Sonora state, Mexico.
The Company is pleased to announce that they have received notice that the Mexican Subsidiary of Agnico-Eagle Mines Limited is scheduled to resume drilling in early May. This will be the second year of work by them on the property since the Earn-in and Shareholders agreement was signed. Under the terms of the agreement, Agnico-Eagle can earn a 51% interest in the property by spending $5 million on exploration over a 5 year period. Agnico-Eagle will then have the option of earning an additional 20% interest by either completing a feasibility study or by spending an additional $10 million in exploration.
First Majestic Silver Corp. is pleased to announce that the Company has been awarded the “2012 Socially Responsible Business Distinction Award”
Sierra Metals Inc. (previously Dia Bras Exploration) is pleased to announce that a pre-feasibility study has been completed by Gustavson Associates, LLC of Lakewood, Colorado, for its Bolivar copper-zinc-silver mine located in Chihuahua State, Mexico. The study, mine plan and reserve estimate are based on Gustavsons work and mine plan on a lower-grade portion of the resources, mainly at its El Gallo Inferior deposit. The evaluation of the higher grade portions of the mine still require further technical studies, which should result in additional resources and continued feed of ore to its processing plant and potentially lead to future reserve additions over the next 10 months.
OTC Markets Group Inc., operator of Open, Transparent and Connected financial marketplaces, today announced that Pan American Goldfields Ltd., a precious metals mining and exploration company, has chosen to trade on OTCQX®, the best OTC marketplace with qualified companies.
Red Tiger Mining Inc. announces that it has closed the first tranche of its previously announced non-brokered private placement of 5,000,000 common shares at a price of CAD$0.10 per Share for gross proceeds of CAD$500,000. The proceeds will be used by the Company for required capital expenditures and working capital at the Luz del Cobre mine, which is owned by the Company’s wholly-owned subsidiary, Minerales Libertad, S.A. de C.V.
Cangold Limited announces that Mr. Martin Carsky has resigned from his position as a director of the Company to focus on other commitments. “I want to thank Martin for his contributions to the Company and wish him well in his future endeavors” said Mr. Kaare Foy, Executive Chairman of Cangold.
Fortuna Silver Mines Inc. today announces production figures from its two operating mines in Latin America, the San Jose mine in Mexico and the Caylloma mine in Peru. In the first quarter of 2013, the company delivered 992,218 ounces of silver, 4,492 ounces of gold, 4.6 million pounds of lead and 5.9 million pounds of zinc. Fortuna is on schedule to produce 4.4 million ounces of silver and 23,300 ounces of gold or 5.7 million Ag Eq ounces in 2013.
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