MONCTON, N.B. – Landdrill International Inc. (TSXV:LDI) announced Monday that it has secured “record drilling commitments” from mining companies in Canada and internationally for 2012.
Vancouver, February 17, 2012 – Canasil Resources Inc. (Canasil, TSX-V: CLZ) announces that the previously announced non-brokered private placement of 3,000,000 units at $0.225 for a total of $675,000 is fully subscribed and the Company is processing documentation for immediate closing of the placement.
Oro Mining Ltd. (“Oro Mining” or the “Company”) (TSX VENTURE:OGR) is pleased to announce that it has closed its private placement financing previously announced on February 2, 2012 and February 15, 2012 (the “Private Placement”). The Company issued 71,837,000 units for aggregate gross proceeds of $7,902,070. Each unit, priced at $0.11, consists of one common share and one-half of one non-transferable common share purchase warrant; each whole warrant entitles the holder to purchase one additional common share of the Company at an exercise price of $0.20 until February 17, 2014.
The Company issued a total of 4,774,000 units at a price of $0.075 per unit (“Units”) for total proceeds of $358,050. Each Unit is comprised of one common share of the Company and one-half of one non-transferable common share purchase warrant. Each whole purchase warrant will entitle the holder to acquire one additional common share of the Company at a price of $0.10 per share until February 17, 2013.
Orko Silver Corp. (CVE:OK) provided Thursday an update on activities at its La Preciosa silver-gold deposit in the State of Durango, Mexico, with the company expected to deliver a new preliminary economic assessment (PEA) by the middle of this year.
Goldgroup Mining Inc. (GGA.TO) this week released its updated National Instrument 43-101 compliant mineral resource estimate for its flagship Caballo Blanco gold project in Veracruz, Mexico.
DynaResource, Inc., a Resource Investment and Management Company based in Irving, Texas, with a current focus on the San Jose de Gracia Project in Sinaloa, Mexico, targeting growth in the defining and production of gold and silver resources, is pleased to announce that it has engaged Gale Capital Corporation to perform investor relations related services for the Company. Mark van der Horst, President of Gale Capital, will assist DynaResource with corporate communications, PR and investor and shareholder outreach.
Vancouver, B.C. – Orex Minerals Inc. – (REX: TSX-V) (“Orex” ) announces that it has granted incentive stock options to investor relations consultant Sigorex Management GmbH to purchase 75,000 shares in the capital of Orex for a period of two years at $0.74 per share, being the closing price of the Orex shares today. The options will vest at 25% per quarter over a period of twelve months and will be fully vested by February 17, 2013.
VANCOUVER, Feb. 16, 2012 /CNW/ – Victory Resources Corporation (the “Company”) is pleased to announce that it has established a geological Advisory Board and that it has appointed Tim Hawthorne, P. Eng. as the first member.
President/CEO Tim Barry tells ResourceClips.com, �Sierra Mojada has been a historical mining district for the last 100 years. Silver Bull emerged from a merger between Metalline Mining and Dome Ventures. When Metalline had the property, they had it for over 16 years and focused almost exclusively on the zinc resource there. When the merger was done, and we got to the project, we noted there was significant at-surface silver mineralization kicking around that had never been tested. Zinc at the time was living in the 50-cent range, so we changed direction for the company and started focusing on the silver mineralization. To date, we�ve put out two resource updates. The resource right now is sitting at 47.8 million ounces indicated and 13.8 million ounces inferred, and that�s out of a global resource of 84 million ounces.
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