Avino Silver & Gold Mines Ltd. today announced that it has now drifted along the San Gonzalo vein for over 200 metres to the northwest and 240 metres southeast of the main crosscut across from the ramp on level 5. The San Gonzalo Mine is located on the Avino property 80 km north east of Durango, Mexico.
Levon Resources Ltd. is pleased to report resumption of Phase 4 drilling at the Company’s wholly owned Cordero project. An initial 14,000 metres of core drilling is planned to test the recently acquired Aida claim, located in a central part of the Cordero resource. Levon’s purchase of the Aida claim consolidates the Company’s ownership of 100% of the mineral rights in the district. The current Indicated mineral resource at Cordero includes 364 million (M) oz of Ag, 945,000 oz of Au, 6.1 billion (B) lbs of Zn, and 3.3B lbs of Pb [contained metal] (US $6 NSR cutoff grade was used, calculated at $25/oz Ag, $1.00/lb Zn and Pb. Gold was included in the tabulations based on areas within the resource which have higher gold grades). The indicated plus inferred resources are described in Levon’s updated resource report (as amended May 10, 2013) for the Cordero Project completed by Independent Mining Consultants in collaboration with M3 Engineering and Technology of Tucson, AZ.
Red Tiger Mining Inc. today announces that it has issued 692,441 common shares to Gerald Metals SA.
Silver Bull Resources, Inc. is pleased to provide the results that will be reported in its Preliminary Economic Assessment for the Sierra Mojada Project in Coahuila, Mexico. The PEA was prepared by JDS Energy and Mining Inc. (“JDS”) of Vancouver, British Columbia.
Lincoln Mining Corporation announces that it has received a C$300,000 demand loan from James Dales, a director of the Company, to fund Lincoln’s current working capital requirements. The Loan bears interest at 10% per annum, calculated and payable on the first day of each month, commencing September 27, 2013. Under the terms of the Loan, the Company has granted Mr. Dales a security interest in the Companys portion of the proceeds from any future sale of the La Bufa property.
Pan American Goldfields Ltd. today announces that it has introduced several initiatives to reduce costs and rationalise its corporate administration organization and cost structure. This strategic business decision is part of the mandate to lower operating costs due to the current mining environment. Outsourcing company finance, company secretarial services and corporate compliance functions will result in an annualized net reduction in costs. Commenting on these initiatives Mr. Emilio Alvarez, CEO stated, “This process of rationalising our cost structure is simply one component of a broader range of overall tightening in our finances which we have been implementing since the new Board appointments at the Annual General Meeting on June 17, 2013.
Almaden Minerals Ltd. is pleased to announce the results from Almaden’s ongoing 2013 Ixtaca Zone drill program at the Company’s 100% owned Tuligtic project, Mexico. Almaden has commenced an infill drilling program with two of the three rigs currently drilling on the project. The infill program has been designed to upgrade resources currently in the inferred category to the higher confidence measured and indicated categories. At the same time one drill rig is focussed on step out drilling to expand the resource. The holes announced today show the continuity of high-grade gold silver veining in the north-south Chemalaco zone defined with previous drilling. Highlights from the holes released today include the following intercepts.
Cliffs Natural Resources Inc. announced today that its Board of Directors has elected Stephen M. Johnson, 62, chairman, president and chief executive officer of McDermott International, Inc. to Cliffs Board. The appointment is effective Oct. 1, 2013. He will be a member of the Board’s Audit Committee and the Governance and Nominating Committee. With the addition of Mr. Johnson, Cliffs’ Board will be comprised of a total of 11 directors.
First Majestic Silver Corp. today announced further to its April 26, 2013 and July 2, 2013 news releases, that First Majestic has applied to the Court of Appeal of British Columbia for an order dismissing the appeal by Hector Davila Santos and Minerales y Minas Mexicana, S.A. de C.V. of the April 24, 2013 trial judgment in favour of First Majestic in the amount of US$93.84 million.
Freyja Resources Inc. is pleased to announce that, pursuant to the terms of the Corporation’s offer to purchase all of the issued and outstanding common shares in the capital of Cyprium Mining Corporation, Freyja has elected to postpone the take-up and payment date for the Cyprium Shares until October 15, 2013 or such earlier date as the Corporation may determine. For further details regarding the Offer, please see Freyja’s press releases dated June 18, 2013, August 1, 2013, August 9, 2013, September 9, 2013 and September 18, 2013.
Mexico Mining Center © 2021 / All Rights Reserved
