Paramount Gold and Silver Corp. today announced that two core rigs have begun drilling on its 100%-owned San Miguel Project, Mexico. The main objectives for the program are to: (1) add resources at two new high priority exploration targets; (2) acquire material for further metallurgical testing of heap leach processing; and (3) upgrade inferred resources to measured and indicated.
Fortuna Silver Mines Inc. is pleased to announce assay results for the initial step-out drilling of the Trinidad North discovery located adjacent to the San Jose Mine in Oaxaca, Mexico. Three drill holes have been completed to-date with assay results currently being available for the first two drill holes, representing step-outs of approximately 80 and 150 meters from prior drill holes.
IMPACT Silver Corp. announced today its financial results for the three months ended September 30, 2013. The information in this news release should be read in conjunction with the Company’s unaudited condensed consolidated interim financial statements and Management’s Discussion and Analysis, available on the Company website at www.impactsilver.com and on SEDAR at www.sedar.com. All amounts are stated in Canadian dollars unless otherwise specified.
Red Tiger Mining Inc. today reported its financial and operating results for the third quarter ended September 30, 2013. This press release should be read in conjunction with the Company’s unaudited Financial Statements and Management’s Discussion and Analysis for the corresponding period, available on the Company’s website at www.redtigermining.com and on SEDAR at www.sedar.com.
Coeur Mining, Inc. today announced the formation of a new wholly-owned subsidiary, Coeur Capital, Inc., which will hold Coeurs existing and any future-acquired royalty and streaming interests along with its portfolio of strategic equity investments. Increasing Coeurs interests in royalties and streams through Coeur Capital is expected to provide the Companys stockholders with higher-margin, less volatile free cash flow, diversified metal exposure, and future avenues for growth.
The two projects are located in the highly prospective Mexican silver belt. Microondas is an epithermal gold-silver prospect in Zacatecas State, 30 miles northwest of the Fresnillo silver mine, covering over 11,000 acres (about 17 square miles). Santo Domingo is a large copper – gold system in Durango State, 40 miles northeast of the Pitarilla silver property, situated within a 26,700 acre (41.7 square miles) claim block.
Goldgroup Mining Inc. today announced that Dr. Hans von Michaelis has resigned as a non-executive director of the Company. Mr. von Michaelis is resigning for personal reasons and the Company would like to thank him for all of his contributions. We wish him well on his future endeavours.
Tarsis Resources Ltd. is pleased to announce that the Company has arranged a private placement of 4 million units at 7.5 cents to raise $300,000. These funds will be used to advance Tarsiss current projects and for general working capital. Larger project based exploration expenditures will be sought through additional option partnerships.
Further to the press release dated November 15, 2013, Kimber Resources Inc. announces that Invecture Group S.A. de C.V. has taken up and paid for 62,902,631 Common Shares that were tendered to the take-over bid offer by Invecture dated October 10, 2013 at a price of Cdn$0.15 in cash per Common Share. As a result of the take up and payment for the Common Shares deposited to the Offer, Invecture now owns 82,902,631 Common Shares, representing approximately 79.2% of the issued and outstanding Common Shares. Invecture intends to acquire the balance of the Common Shares by way of a subsequent acquisition transaction under the procedures available under the Business Corporations Act.
Orex Minerals Inc. announces that it has closed its previously announced non-brokered private placement for aggregate gross proceeds of CAD $1,686,600. The Offering consisted of 6,786,400 units at a price of $0.25 per unit, with each unit consisting of one common share and one-half of a transferrable common share purchase warrant. Each whole Warrant will be exercisable for one common share at $0.30 for a period of two years expiring November 21, 2015.
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