Teck Resources Limited reported second quarter adjusted profit of $312 million, or $0.53 per share, compared with $663 million or $1.12 per share in 2011.
Corex Gold Corp. is pleased to announce it has signed a letter agreement with Vale Exploration Canada Inc., a wholly-owned subsidiary of Vale S.A. wherein Vale may acquire up to interest of 65% in the Company’s Santana Project. The objective of this alliance is to further develop the Santana Property, in Sonora State, Mexico to expand the copper-gold porphyry target located approximately 80 km southwest of the world-class Mulatos district. The Corex claim block is situated along a trend of producing Mines in the Sierra Madre Occidental. Corex and Vale plan to commence drilling immediately upon execution of a definitive agreement.
Bowmore Exploration Ltd. is pleased to announce the completion of its non-brokered private placement announced on July 11, 2012. Bowmore sold a total of 5,600,000 common shares at a price of $0.25 per share for gross proceeds of $1.4 million.
Guerrero Exploration Inc. announces that it has applied for regulatory approval to issue a total of 300,000 common shares at a deemed issue price of $0.06 per share in respect to its previously described Letter Agreement with Riverside Resources Inc. dated March 3, 2011, and outlined in further detail in the press release dated March 7, 2011. The agreement provides for 150,000 shares to be issued 12 months and 18 months from the effective date. The shares will be subject to a 4 month hold period.
Excellon Resources Inc. is pleased to report the appointment of Brendan Cahill to the position of Executive Vice President of the Company.
New Results Include 24.10 Meters of 6.57 g/T Gold and 3.46 g/T Silver
Torex Gold Resources Inc. is pleased to announce that its wholly owned subsidiary, Minera Media Luna S.A. de C.V., has received the water concession required for the future operations of its proposed mine and mill at its Morelos Gold Project in Mexico. The permit was issued by the Ministry of Environment and Natural Resources (SEMARNAT), through its National Water Commission (CONAGUA) and provides for the annual use of up to five million cubic meters of water from an underground aquifer.
I am pleased to provide an exploration and corporate update for Silver Bull Resources.
Newstrike Capital Inc. is pleased to announce the appointment of Mr. Thomas H. Bagan, P.E. MBA, as Vice President of Project Development. Mr. Bagan brings over 30 years of industry experience in project development, advanced engineering and business development. He has held several senior management positions in open-pit and underground mines spanning four continents and 14 countries. Most recently, Mr. Bagan was Vice President, Corporate Development at Minefinders Corporation. Mr. Bagan will be responsible for directing project development and overseeing the engineering studies at Newstrike’s ‘Ana Paula’ project located in Guerrero, Mexico.
A peasant town in central Mexico has declared war on the world’s richest man, Carlos Slim, to prevent him from operating a gold and silver mine that threatens the environment.
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