First Majestic Silver Corp. is pleased to announce that it has entered into a US$50 million forward sale contract with Bank of America Merrill Lynch on a portion of its future lead and zinc production.
Endeavour Silver Corp. announces that exploration drilling on the San Sebastian property in Jalisco State, Mexico has now extended the recently discovered high grade silver-gold mineralization in the Terronera vein to more than 900 meters (m) long by 300 m deep, still open for expansion.
El Tigre Silver Corp. is pleased to report that it has signed a contract with MAJOR DRILLING DE MEXICO, S.A. DE C.V. and has mobilized a core drilling machine and associated equipment to its 431 square kilometer El Tigre silver-gold property in northern Sonora, Mexico. Drilling will commence the first week of January 2013. The Company is fully funded to complete this next phase of drilling.
Torex Gold Resources Inc. is pleased to report that it has recently intersected several of the highest grade gold intercepts drilled thus far at the Media Luna and Media Luna West targets at the Company’s Morelos Gold Project in Mexico. At Media Luna, borehole ML-35 intersected 30.31 g/t Au over 21.0m; borehole ML-79 intersected 15.56 g/t Au over 12.2m; borehole ML-11A intersected 28.60 g/t Au over 5.2m. At Media Luna West, borehole MLW-02 intersected 15.68 g/t Au over 5.9m. The gold and gold equivalent values for the 23 boreholes being reported today are shown in the Highlight Table and in Table 1.
International Northair Mines Ltd. is pleased to provide an update on current exploration activities underway at its La Cigarra silver project located in north central Mexico.
Excalibur Resources Ltd. is pleased to provide an update on the sampling program at the Catanava property in Pinos, Zacatecas, Mexico. Pinos has been mined since 1546 and was one of only three bonanza gold districts discovered by the Spanish in Mexico. It is located in the historic Fresnillo — Guanajuato Trend of Mexico, characterized by world-class precious metals mines. The program includes mapping and sampling of old mines and workings, surface mapping and sampling and re-logging of drill holes completed by previous operators. The program is directed at expanding the resources at the Catanava property and providing data for mine planning.
Riverside Resources Inc. is pleased to announce that Riverside and its partner, Cliffs Natural Resources, have commenced drilling at the Naranjo project located in Jalisco, Mexico. The planned five-hole, 1,400 metre reverse-circulation drill program is now underway. The Naranjo project is the second project to be drilled under the Iron Oxide Copper Gold (IOCG) Strategic Alliance between Riverside and Cliffs.
First Majestic Silver Corp. and Orko Silver Corp. are pleased to announce that the companies have entered into a definitive agreement pursuant to which First Majestic has agreed to acquire all of the issued and outstanding common shares of Orko for consideration of 0.1202 of a common share of First Majestic plus $0.0001 in cash per Orko common share. The offer implies a value of C$2.72 per Orko share based on the closing prices of both First Majestic and Orko’s common shares on the Toronto Stock Exchange and TSX Venture Exchange, respectively, on December 14, 2012. The offer represents a premium of approximately 69% to Orko’s 30-day volume-weighted average price for the period ending December 14, 2012. The transaction will be implemented by way of a plan of arrangement under the Business Corporations Act (British Columbia).
Almaden Minerals Ltd. is pleased to announce the discovery of a new area of mineralisation on Almaden’s 100% owned Tuligtic property, Mexico called the Tano zone. Five holes were drilled to test an area of where anomalous gold was detected in soil samples taken previously by the Company. One of the holes intersected significant mineralisation including 2.00 meters of 1.76 g/t gold. The Tano zone is one of several gold in soil anomalies on the greater than 14,000 hectare Tuligtic project that are located outside of the Ixtaca Zone.
Southridge Enterprises Inc. is please to announce that it has signed a Confidentiality Agreement with a major NYSE listed gold mining company regarding both the Cinco Minas and Gran Cabrera properties. Due to terms contained within the CA, the Company is unable to announce either details of the CA or the parties involved.
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Maza Drilling is a Mexican company established in 2007 in Mazatlán, Sinaloa. Our Canadian founder, Mr. Guy de Launiere, has over 20 years of international experience managing diverse drilling operations. Maza Drilling strives to compete at the highest levels in terms of recovery, effectiveness, efficiency, and affordability at every project while keeping at the forefront of technology to meet our customer’s needs in this demanding market.
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