Gold Resources Corp., a U.S. company that mines the precious metal in southern Mexico, said it delayed filing its annual 10-K report with the Securities and Exchange Commission because it needs more time to finalize financial information from its Mexican operations.
OTC Markets Group Inc., operator of Open, Transparent and Connected financial marketplaces, today announced that Marlin Gold Mining Ltd., an acquirer, explorer and developer of mineral properties, has chosen to trade on OTCQX®, the best OTC marketplace with qualified companies.
Exeter Resource Corporation is pleased to announce that it has entered into two option and joint venture agreements with Canadian company, San Marco Resources Inc., for the exploration of the Angeles and La Buena gold-silver properties located in Mexico.
San Marco Resources Inc. has granted two options to Exeter Resource Corporation to acquire interests in each of the Company’s La Buena and Angeles properties in Mexico. Should Exeter earn fully into each option, total exploration funding by Exeter would be $15M for La Buena and $20M for Angeles, including $2.4M of committed expenditures and $250,000 cash payments primarily during 2013. All expenditures and cash payments can be accelerated at any time at Exeter’s election. Details of the business arrangements are as follows:
Avino Silver and Gold Mines Ltd. reports that upgrading and expansion of its San Gonzalo mine on the Avino property near Durango, Mexico continues to progress rapidly. At San Gonzalo, activities in February were centered on underground development and mining as well as delivering new underground mining equipment. At the main Avino Mine, efforts have been focused on water treatment and de-watering to allow access to lower levels for exploration and development.
Scorpio Mining Corporation today announced the appointment of Mr. Thomas (Tom) McGrail to the position of Chief Operating Officer effective March 1, 2013. Mr. McGrail brings over 35 years of leadership and has a track record of successfully managing open-pit and underground operations including 18 years in Latin America.
Soltoro Ltd. Soltoro Ltd. has completed six additional diamond drill holes at the El Rayo primary silver project in Jalisco, Mexico to test for sulphide mineralization at depth below the known Las Bolas deposit. Results have been received from four holes to date. On January 18, 2013, Soltoro announced results from drill hole Ray 12-152 which intersected 91.3 metres of 129 g/t silver equivalent including 11.2 metres of massive sulphide mineralization grading 537 g/t silver equivalent encountered at the base of the hole. The four holes drilled along strike from hole RAY12-152 at 50 metre spacings all encountered sulphide mineralization extending the deep sulphide zone 200 metres along strike (Ray13-158 is pending). Ray13-155 is a step-out hole drilled below Ray12-152. Results are as follows:
BACANORA MINERALS LTD. is pleased to announce that the Company has closed its previously announced private placement financing of 11,666,667 units of the Company at a price of $0.30 per unit for aggregate gross proceeds of $3,500,000. Each unit consists of one common share and one-half of one common share purchase warrant, with each whole warrant being exercisable into one common share at a price of $0.45 for a period of five (5) years. The principal subscriber under the offering is Igneous Capital Limited, which has subscribed for 10,000,000 units for gross proceeds of $3,000,000. As a result of this subscription, Igneous is considered to be an Insider of the Company by virtue of its holdings of more than 10% of the outstanding voting shares of Bacanora. Accordingly, the shares and warrants issuable to Igneous upon closing are currently being held in trust, pending final TSX Venture Exchange approval following completion of standard background checks and related reviews by the Exchange.
Golden Minerals Company announces 2012 year-end results.
NWM Mining Corporation is pleased to provide preliminary mine production numbers for January and February 2013.
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