New Gold Inc. today announces the closing of its private offering of $500 million aggregate principal amount of 6.25% Senior Notes due 2022. New Gold intends to use the net proceeds of the Notes for general corporate purposes.
Source Exploration Corp. reports that four new drill holes from the 2012 program have expanded the recently discovered high-grade zone at the Las Minas property, Mexico The drilling has extended the high-grade discovery zone a further 35 metres to the west of discovery hole LM-SC-12-45, which returned 15.89 grams per tonne gold (g/t Au), 12.98 grams per tonne silver (g/t Ag) and 2.25% copper (%Cu) over 10 metres. Drill hole LM-SC-12-57 returned 4.30 g/t, 7.55 g/t silver and 2.91% copper or 8.88 g/t Au Eq over 8.0 metres. The high-grade zone has now been outlined by detailed drilling over a strike length of 55 metres, with widths varying from 4.0 to 28.0 metres and extending approximately 150 metres down-dip. The high-grade core of gold, silver and copper mineralization is contained within a larger mineralized envelope measuring approximately 87 metres on strike, and remains open both down-dip and along strike to the Northwest.
Scorpio Gold Corporation is pleased to announce its unaudited financial and operating results for the third quarter ended September 30, 2012 (“Q3”). This press release should be read in conjunction with the Company’s Management Discussion & Analysis, Financial Statements and Notes for Q3, available on the Company’s website at www.scorpiogold.com and on SEDAR at www.sedar.com. All monetary figures are expressed in US dollars unless otherwise specified.
409 g/t (11.9 oz/T) Ag, 10.23% Pb, 8.37% Zn, 0.114 g/t Au over 6.68 metres and 185 g/t (5.4 oz/T) Ag, 5.22% Pb, 5.58% Zn, 0.478 g/t Au over 10.33 metres in hole LP1030
Gold Resource Corporation today announced results for its third quarter ending September 30, 2012. Gold Resource Corporation is a low-cost gold producer with operations in the southern state of Oaxaca, Mexico
Silver Bull Resources, Inc. is pleased to announce the drill results for the ninth batch of drill holes from the underground drill program twinning a series of “long holes” in a high grade silver zone situated at the eastern end of the Shallow Silver Zone on the Sierra Mojada Project in Coahuila, Northern Mexico.
Mercator Minerals Ltd today announced its financial results for the three months and nine months ended September 30, 2012. During the third quarter 2012, the Company generated revenues of $58.5 million and gross profit of $4.7 million, in spite of a buildup of 2.3 million pounds of copper in concentrate inventory at the port which was subsequently shipped in the first week of October, cash flow from operations (excluding changes in non-cash working capital items) of $2.1 million, and a net loss of $15.1 million ($0.06 per share, basic), or on an adjusted net earnings* basis, a loss of $3.7 million ($0.01 per share, basic).
El diputado José Luis Márquez negó tajantemente haber participado en una reunión en la que legisladores federales supuestamente intentaron exhortar a habitantes de la sierra poblana para que permitan la instalación de empresas mineras en la zona.
Southridge Minerals, Inc. announced today that its board of directors has authorized the evaluation of strategic alternatives for its Cinco Minas property located in Jalisco Mexico, including the exploration of a joint venture, complete sale or other transaction
Soltoro Ltd. holds a total of 6,968,000 common shares of Argentum Silver Corp. and is completing the transfer of 100% of the mining rights to the Coyote property to Argentum Silver Corp. Upon transfer, Soltoro will retain a 3% Net Smelter Return interest in Coyote whereby 1% can be purchased by Argentum Silver for US$1.5 million to a maximum of 2%.
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