Civil disobedience has halted production at Mexicos top grade producer of silver. Farmers of the La Sierrita village, a close knit community of about 50 families, located 40 minutes north of the city of Gomez Palacio, Durango, have shut down the La Platosa mine owned by Canadian firm Excellon Resources for over a month.
Victory Resources Corp. is pleased to announce that a representation bulk sample from the Matanza and the Altamira tailings ponds have been submitted for mineralogical studies and metallurgical tests to determine the viability of re-processing the material.
Silver Bull Resources, Inc. is pleased to announce the drill results for the second batch of 6 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.
Aurcana Corporation today is pleased to report its unaudited financial results for the second quarter ending June 30, 2012. The summary of the selected financial information should be read in conjunction with the unaudited financial statements and the related management’s discussion and analysis dated August 17, 2012 together referred to as the “Financial Statements”, which have been filed on SEDAR (www.sedar.com) and the Company’s website (http://www.aurcana.com). All figures are in US dollars unless otherwise noted.
Endeavour Silver Corp. is pleased to announce the appointment of Mr. Ken Pickering to the Board of Directors.
Excalibur Resources Ltd. is pleased to announce that its 49% owned subsidiary Minera Catanava S.A. de C.V. has received the permit for use of explosives from the Mexican military called SEDENA (“Secretary of National Defense”). “As the final permit required to begin operations, this is a major milestone as it allows the company to order and use explosives under the supervision of the military and to open up adits on either side of the arroyo and begin processing higher grade underground material at Camino and San Gil veins, rather than dump material which has been used for plant testing,” commented Tim Gallagher, Chairman.
Guerrero Exploration Inc. announces that it has closed its previously announced financing by issuing a total of 9,117,000 Units at $0.05 each, for total gross proceeds of $455,850.
Cayden Resources Inc. is pleased to announce that it has increased the non-brokered financing announced on August 8th from $4,200,000 to $5,095,000 as a result of the increased demand. The non-brokered private placement is now complete, gross proceeds of CAD$5,095,000 were raised by issuing 5,095,000 units of the Company at a price of CAD$1.00 per Unit. Each Unit consists of one common share plus one half of one common share purchase warrant with each whole purchase warrant exercisable into a common share at a price of $1.50 for a period of 24 months from closing. The common shares and the common share purchase warrants are subject to a four month hold period expiring December 17, 2012.
Bold Ventures Inc. regrets to announce the passing of its well-known director Jerry Bulman at the age of 69.
MAG Silver Corp. is pleased to announce that the board of directors of Minera Juanicipio S.A. de C.V., (owned 44% by MAG / 56% by Fresnillo plc), has approved a mine permitting and underground development budget of US$25 million. The 18 month (2012 -2013) budget includes the first 2,500 metres of underground development. The Joint Venture has begun the permitting process and anticipates receipt of all necessary permits by the end of 2012. The underground decline ground breaking is expected in early January 2013 (Q1) pending receipt of all permits.
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