Silver Bull Resources, Inc. is pleased to announce it will expand its underground Termite “twinning” drill program presently targeting the “high grade silver zone” into the “high grade zinc zone”, a zone of mineralization which sits adjacent to and below the silver mineralization. The planned initial program in the high grade zinc zone will consist of 2,000 meters of diamond core drilling.
Pan American Goldfields Ltd. has entered into a Second Amended and Restated Development Agreement for mineral exploration, production and development of the Cieneguita Project with its partner Minera Rio Tinto SA of Chihuahua, Mexico and Marje Minerals SA.
Goldgroup Mining Inc. on September 14, 2012 deferred the evaluation of the Environmental Impact Assessment for its Caballo Blanco mining project in the State of Veracruz by the Mexican Ministry of Environment.
Prospero Silver Corp. is pleased to announce that it has signed a non-binding Letter of Intent with Silver Standard Resources Inc. for an option to joint venture agreement covering Prospero’s San Luis del Cordero property in central Durango State, Mexico. Silver Standard is currently conducting due diligence on the property, and the parties are negotiating the terms of the definitive agreement, which is expected to take approximately one month to complete.
Goldcorp Inc. announced today that it will be added to the Dow Jones Sustainability Index North America (DJSI North America), effective September 24, 2012. The DJSI evaluates leaders in corporate social responsibility using rigorous indicators in the areas of corporate, economic, environmental and social performance.
Teck Resources Limited is pleased to announce the appointment of Alex Christopher to Vice President, Exploration and Colin Joudrie to Vice President, Business Development.
VVC Exploration Corporation is pleased to announce the appointment of Mr. Bruno Dumais, C.A., to the Board of Directors effective immediately, filling the vacancy created by the resignation of Mr. Robert Boisjoli. Mr. Boisjoli resigned as director of VVC to focus on his responsibilities as managing director of Atwater Financial Group. The Company wishes to thank Mr. Boisjoli for his dedicated service to the Company.
Soltoro Ltd. has received positive gold and silver assay results from the first mapping and sampling program carried out on its 100% owned Tecolote Project in Jalisco, Mexico. The 3,052 hectare Tecolote Project is located less than 10 kilometres north of Soltoro’s El Rayo primary silver project and 10 kilometres northeast of Grupo Mexico S.A.B. de C.V.’s El Barqueño property. Tecolote covers an area once held in the national mineral reserve which Soltoro acquired through staking when it was subsequently declared open ground.
Cliffs Natural Resources Inc. today announced executive management appointments effective Oct. 1, 2012.
Golden Minerals Company is pleased to announce that it has entered into an underwriting agreement with Wells Fargo Securities to sell 5,497,504 units, comprised of one share of common stock and a five year warrant to acquire one half of a share of common stock at an exercise price of US$8.42, at a price of US$5.75 per unit, for gross proceeds of US$ 31.6 million. Net proceeds, after underwriting discounts and estimated offering costs, will be approximately US$29.5 million.
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