Baja Mining Corp’s largest shareholder, Mount Kellett Capital Management LP, said it will not provide debt or equity financing for the Canadian miner’s Boleo copper-cobalt-zinc project in Mexico.
Gryphon Gold Corporation, a gold exploration, development and production company focused on its Borealis Oxide Heap Leach Project in Nevada regretfully announced today the death of Donald W. Gentry, a member of its Board of Directors, on Monday, July 2, 2012. Dr. Gentry, 69, had served as a director of the Company since 2005.
North American labour and civil society groups will be watching closely today to see if Canadian mining company Excellon Resources allows workers at its silver mine in Mexico to have a free and democratic vote to join a union.
Mundoro Capital Inc. is pleased to announce (i) the final results of geophysical surveys from its 100% owned Camargo property in Chihuahua, Mexico and (ii) the preparation of a drilling program to test the strong Induced Polarization chargeability and associated resistivity anomalies with approximately 1500 meters over 6 drill holes. The strong chargeability anomaly can be traced, in plan view, over a strike length of approximately 800 meters on three geophysical lines and varies between 550 meters to 700 meters in width. The chargeability anomaly remains open to the north and south.
Prospero Silver Corp. announced today that it has granted stock options to purchase 1,025,000 common shares in the capital of the Company to various directors, officers and employees of the Company. The stock options are exercisable at a price of $0.10 per share for a period of five years from the date of issuance in accordance with the policies of the TSX Venture Exchange (the “Options”). Stock options granted to employees will be subject to a vesting schedule with 1/3 to vest immediately, 1/3 to vest six months from the date of grant and the remaining 1/3 to vest one year from the date of grant.
Eric Fier at SilverCrest Mine¡¯s La Joya project (transcribed from video): SilverCrest is an operating company now, in Mexico. As we grow Santa Elena and the expansion plan, the next part of the growth pattern is La Joya.
Cayden Resources Inc. is pleased to announce that it has received over 2000 additional assays from its La Magnetita soil program (see website for map). These assays increase the area of the +100 ppb (parts per billion) gold-in-soil geochemical anomaly with the size now in excess of 7.3 square kilometers and still open in most directions. The new soils reveal extensive areas that have highly elevated gold values, including north-south trending higher-grade +500 ppb gold values with strike lengths of up to 1.6 kilometers. These higher-grade anomalies are coincident with north-south intrusive dikes, extensive iron oxide-quartz alteration and veining within the limestone. These anomalies, taken together, reveal an area over 1.5 square kilometers where gold-in-soil averages +500 ppb, and is still open to the east and south.
Silver Scott Mines, Inc. is pleased to announce the following recently received drill assay sample results from the Quitovac Gold Mine Project located near Sonoyta, Sonora Mexico. The company’s concession blocks control approximately 14,500 hectares of land (36,250 acres) covering the Quitovac mine and placer gold sites in northwest Sonora. A total of 1723 meters of contracted RC drilling was recently completed in a 12 angle drill holes.
Cerro Resources NL is pleased to advise of encouraging progress in generating high potential initial drill targets at its Espiritu Santo Gold/Silver exploration project, in Jalisco State, Mexico.
Victory Resources Corp. is pleased to announce that it has completed the 2nd and final stage of the drill program at the Altamira tailings pond located at the Reforma mine.
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