Further to the announcement of December 14, 2012, a copy of the Scheme Implementation Deed entered into between Cerro Resources NL and Primero Mining Corp. has been filed on SEDAR under Cerro’s profile (www.sedar.com) and is available on Cerro’s website (www.cerroresources.com).
Bacanora Minerals Ltd. announces a correction to the Internal Rate of Return (“IRR”) calculation reported in connection with its announcement of the results of its Preliminary Economic Assessment on the Company’s Cajon Borate deposit in Sonora, Mexico. On Friday, January 4, 2013, Bacanora issued a press release announcing the PEA with a Net Present Value for the Cajon project of $US113 million, discounted at 8%. In that announcement, the Company erroneously reported an IRR calculation of 248.5%, which should have read 24.8%. The balance of the information reported remains unchanged. For further details, please refer to the Company’s press release of January 4, 2013. The highlights of the PEA are reiterated below for the benefit of readers.
Gold Resource Corporation ( GORO ) has announced an ex-dividend date of January 09, 2013 and a cash dividend payment of $0.06 per share scheduled for January 23, 2013. Shareholders who purchased GORO stock prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 9th quarter that GORO has paid the same dividend.
Avino Silver & Gold Mines Ltd. is pleased to announce the following December production results from its San Gonzalo mine operation located on the Avino property near Durango, Mexico.
SilverCrest Mines Inc. is pleased to announce results of further drilling at the Santa Elena Mine in Sonora, Mexico. Eighty seven holes of a planned 100 holes have been completed to re-categorize Indicated and Inferred Resources to Probable Reserves and expand current underground Resources (see attached Figures: http://media3.marketwire.com/docs/svl107_F1-2.pdf). This drill program continues to be extremely successful and several recent holes have identified multiple bonanza grade intercepts and a new high grade gold and silver zone that lies below and is sub-parallel to the Main Mineralized Zone currently being mined. All holes included in this program will assist with resource confirmation and reclassification which will be included in the upcoming Pre-Feasibility Study for the Santa Elena Expansion Project.
Guerrero Exploration Inc. announces that in conjunction with its recently completed acquisition of all of the issued and outstanding shares of Pinette Copper Corp, Peter Wilson, of Vancouver, BC, has been appointed to the Board of Guerrero. In addition, Bill Thomas, of Vancouver, BC, has been appointed Chief Financial Officer of the Corporation. All other directors and officers shall remain the same.
Focus Ventures Ltd. is pleased to provide its shareholders with an update on exploration at its Santa Cruz silver project in Mexico. Focus controls a district-scale land position covering a number of silver discoveries made since late 2011 and is currently preparing for a drill program.
Orex Minerals Inc. is pleased to announce the results of the second batch of holes from the 12,000 metres Phase-II diamond drilling program on the Coneto Gold-Silver Project in Durango, Mexico. A technical committee, with representation of Orex and its project partner Fresnillo PLC, is managing this Phase-II program.
Parlane Resource Corp. announces that at its Annual General Meeting held on December 21, 2012, Messrs. Robert Eadie, Gary Arca and David Gunning were reappointed directors for the ensuing year, and Ken Sumanik was appointed a new director of the Company.
Arian Silver Corporation, a silver exploration, development and production company with a focus on projects in the silver belt of Mexico, announces today the appointment of Mr John Mayfield as Chief Financial Officer with effect from 7 January 2013. Outgoing CFO, Sam Clarke, who is leaving the Company to relocate overseas, will be assisting the transition phase to ensure continuity.
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