Silver Mine Could Hold 15 Million Ounces
January 2, 2013
Silver Standard Resources (TSX: SSO) to Develop Mexican Mine
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Silver Standard Resources (TSX: SSO) to Develop Mexican Mine
Guerrero Exploration Inc. announces that it has completed the previously announced acquisition of all of the issued and outstanding shares of Pinette Copper Corp, a private Vancouver-based mineral exploration company with 2 exploration properties located in Botswana. Guerrero will issue approximately 33,809,885 to the shareholders of Pinette.
First Majestic Silver Corp. is pleased to announce the appointment of Mr. Salvador García Ledezma as Vice President of Operations responsible for all operations and new project activities at the Company’s growing silver mining portfolio in Mexico.
Oremex Gold Inc. is pleased to announce the appointment of Mr. Michael Ivan, CA to the position of Chief Financial Officer.
Southridge Enterprises Inc. is would like to clarify that the Company does have signed agreements with KGEM (Kinross Gold Exploration Mexico) regarding Cinco Minas & Gran Cabrera, and that any and all quotes attributed in our December 26, 2012, news release to Mr. Martin Moscosa, Exploration Manager for Kinross Gold, are indeed accurate and documented.
Santacruz Silver Mining Ltd. announces that it has filed on SEDAR an updated technical report in respect of its San Felipe Project, titled “Update of NI 43-101 Technical Report on Resources, San Felipe Project, Sonora, Mexico”. The updated report provides additional information on data verification and sampling. It is updated as of December 19, 2012, and has an effective date of April 5, 2012. The resources remain unchanged from the original report which was announced on July 16, 2012.
Quaterra Resources Inc. today announced that its previously announced private placement was increased and has closed with the issuance of 6,541,571 units for gross proceeds of US$2,289,550.
Gold Resource Corporation declares its instituted monthly dividend of $0.06 per common share for December 2012 payable on January 23, 2013 to shareholders of record as of January 11, 2013. Gold Resource Corporation is a low-cost gold producer with operations in southern Mexico.
Mexico, the worlds main silver producer, is quickly becoming a key player in the gold market driven mainly by an exploration boom at the Guerrero Gold Belt (GGB), an emerging gold mining district in the south of the country.
Bowmore Exploration Ltd. has closed a 425,000 non-brokered flow-through private placement with Canadian investors consisting of 1,416,666 units at a price of 0.30 per Unit. Each Unitis comprised of one flow-through common share and one-half of one common share purchase warrant. Each whole warrant entitles the holder thereof to purchase one non-flow-through common share of Bowmore at aprice of 0.40 each until June 28, 2014.
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