Mercator Minerals Ltd. is pleased to announce today that its wholly-owned subsidiary, Mercator Minerals (Barbados) Ltd, has a non-binding letter of intent with Silver Wheaton (Caymans) Ltd., a subsidiary of Silver Wheaton Corp., to amend the silver purchase agreement.
NSX Silver Inc. has, subject to regulatory approval, retained Venture Liquidity Providers Inc. to initiate its market-making service to provide assistance in maintaining an orderly trading market for the common shares of the company.
Oremex Silver Inc. announced that it has closed the first tranche of the non-brokered private placement previously disclosed by the Company on October 1, 2012. The first tranche of the Private Placement raised gross proceeds of $318,850 through the issue of 5,314,166 units of the Company, each Share Unit consisting of one common share and one common share purchase warrant, at a purchase price of $0.06 per Share Unit. Each Warrant is exercisable into Shares at a price of $0.10 per Share, expiring in five (5) years from the date of issue.
Mercator Minerals Ltd. is pleased to announce today, further to the September 4, 2012 press release, it has filed an updated El Pilar National Instrument 43-101 compliant Feasibility Study Technical Report on SEDAR (www.sedar.com). The 2012 FS is an update to the Feasibility Study completed November 2011, which further enhances the potential development of a robust, large-scale, low-cost copper mine at the El Pilar project, located in the mining friendly jurisdiction of the northern Mexican state of Sonora.
Noront Resources Ltd. is pleased to announce the appointment of Mr. Tom Anselmi to the Board of Directors of Noront subject to approval by the TSX Venture Exchange.
Gold Resource Corporation reported on Thursday that it has picked Jesus Rivera, a mining and metallurgy engineer with experience in underground mining operations, as general manager of its Mexican Oaxaca mining business, which is in charge for companys El Aguila project.
Orex Minerals Inc. would like to announce that Dr. Petri Peltonen has resigned from the board of directors and has been replaced by Jukka Jokela, who will serve as Northland Resources S.A.’s appointee to the Orex Board of Directors.
Arco Resources Corp. announces that it has extended the expiry date of its unexercised share purchase warrants, issued April 25, 2011, to October 31, 2013. The extension, which is subject to the approval of the TSX Venture Exchange, applies to the 8,000,000 Warrants still outstanding.
Aurcana Corporation is pleased to report a 54% increase in silver production from the La Negra mine for Q3 2012 of 376,687 ounces compared to 244,243 ounces in Q3 2011, making it the largest quarter for silver production in Aurcana’s history.
McEwen Mining Inc. is pleased to announce Third Quarter production results and the discovery of a new vein system at the San José mine (49%) in Argentina. The San José mine had another solid quarter of production and El Gallo Phase I (100%) in Mexico achieved its first gold pour. Third Quarter production totaled 10,572 ounces gold and 760,670 ounces silver, representing 25,200 gold and gold equivalent ounces1. The Company remains on track to produce approximately 105,000 gold and gold equivalent ounces in 2012. Production costs will be announced with the Third Quarter financial results, which will be released in early November.
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