Corex Gold Corp. is pleased to announce that Goldcorp Inc. has commenced a follow-up phase diamond drill program on the Company’s Zuloaga property, Zacatecas State, Mexico.
Cangold Limited is pleased to announce that it has formally exercised its option for a 100% interest on the 4,279 hectare Plomo gold project in northern Sonora, Mexico. Pursuant to the terms of the option agreement, Cangold has made the final cash payment and share issuance to the vendor, who will retain a 2% Net Smelter Return royalty on any future production from the property.
Gold Reserve Inc. is pleased to provide an update on managements activities related to arbitration and settlement discussions, debt restructuring, exchange listings, litigation settlement, exploration activities and its financial overview for the third quarter of 2012.
Defiance Silver Corp is pleased to announce the appointment of Matthew Kavanagh to the position of Chief Financial Officer. Mr. Kavanagh is a chartered accountant with 25 years of experience in accounting and as a Chief Financial Officer for various Canadian companies including several silver miners. Defiance also announces the resignation of Ron Sowerby as Chief Financial Officer. The Board wishes to thank Ron for his contributions to Defiance since its formation.
Cream Minerals Ltd. announces that it will SEDAR file its second quarter financial statements and management and discussion analysis on SEDAR and post these documents to the Company’s web site on November 29, 2012. In addition the Company advises US investors its shares are now quoted and traded on the OTCQB an electronic trading platform owned and operated by the OTC Markets Group. The Company’s symbol remains CRMXF.
Dia Bras Exploration Inc. is pleased to report that development of the ramp at the Promontorio Mine has reached the outer portion of the disseminated zone on Level 5 and is being extended to Level 6. In addition, geologic mapping in the Company’s core area of interest has been completed.
El Tigre Silver Corp. is pleased to report on exploration progress at its El Tigre silver and gold project. El Tigre is located on concessions that are part of the Company’s 431 square kilometer concession ownership in Sonora, Mexico. The El Tigre mine was operated from 1903 to 1938, and it is estimated to have produced 70 to 75 million ounces of silver and 325,000 and 350,000 ounces of gold.
Cerro Resources NL is pleased to announce that it has filed on SEDAR, the NI43-101 Technical Report supporting the Initial Inferred Resource announced October 24, 2012, for the 100%-owned Namiquipa Silver Project located in Chihuahua, Mexico.
Red Tiger Mining Inc. today reported that the quarterly unaudited Condensed Interim Consolidated Financial Statements and Managements Discussion and Analysis report for the three and nine months ended September 30, 2012 have been filed on SEDAR, www.sedar.com and on the Companys website, www.redtigermining.com .
NWM Mining Corporation is pleased to announce that it has engaged Sunel Securities Inc. as lead agent on a best efforts basis in connection with a proposed private placement of up to 160,000,000 units at an issue price of 0.05 per unit for gross proceeds of up to 8,000,000. Each Unit will consist of one common share and one whole common share purchase warrant. Each Warrant will entitle the holder, on exercise, to purchase one common share at 0.10 for a term of 48 months from the closing date. The proceeds of the Offering will be used to ramp up production at the Lluvia-Jojoba project, to conduct exploration and expand resources and to pay down existing debt as well as for general working capital purposes.
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