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.
Radius Gold Inc. is pleased to provide an update on recent work completed by Fortuna Silver Mines Inc. on Radius Gold’s Tlacolula Property, Mexico. Fortuna has an option to acquire a 60% interest in the Tlacolula Property by making cash payments and share issuances to Radius, and by completing expenditures totaling US$2 million on the property.
Cangold Limited announces that, further to the News Release dated June 20, 2012, to meet TSX-V Policy requirements, the market price which triggers the accelerated exercise provision has been reduced from $0.30 to $0.26, so that, in the case of all warrants being re-priced, the exercise period will be reduced to 30 calendar days if, for any 10 consecutive trading days during the unexpired term of the warrants, the closing price of the common shares of the Company is at least $0.26. The reduced exercise period of 30 days will begin 7 calendar days after the 10th Premium Trading Day.
Avino Silver & Gold Mines Ltd. as reported on May 11, 2012, the Company’s public disclosures on mineral resource estimates regarding the Company’s Avino property in Durango, Mexico, have been under review by the British Columbia Securities Commission. This review resulted in the Company issuing a news release on May 11, 2012 to clarify and retract certain disclosures it has made.
Aura Silver Resources Inc. announces that it has closed the first tranche of its non-brokered private placement issuing 2,000,000 units for proceeds of $100,000. Each unit consists of one common share and one common share purchase warrant (the “Units”). Each Unit was offered at a price of $0.05 per Unit. Each Unit contains a whole warrant exercisable for a period of two years from the closing of the offering at $0.10 per common share.
First Majestic Silver Corp. and Silvermex Resources Inc. are pleased to announce the completion of the plan of arrangement previously announced in the joint news release of First Majestic and Silvermex dated April 3, 2012.
Iron-ore miner London Mining PLC said Monday it appointed James North as chief operating officer, replacing Luciano Ramos, who is retiring to concentrate on family and personal interests.
Golden Fame Resources Corp. reports that it has received the results of 15 additional diamond drill holes, totaling 3,972 meters of drilling, from their on-going diamond drill program at the Algun Dia multi-element, epithermal vein prospect located near the city of Guanajuato, in the State of Guanajuato, Mexico.
La minera mexicana Autlán, la mayor productora de ferroaleaciones del país, informó que sus ventas habrían crecido más de un 20% interanual en el segundo trimestre, impulsadas por el precio del manganeso y un tipo de cambio favorable.
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