Bold Board Member Passes Away
August 16, 2012
Bold Ventures Inc. regrets to announce the passing of its well-known director Jerry Bulman at the age of 69.
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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.
Garibaldi Resources Corp. reports that it continues to intercept significant widths of mineralization (see news release of April 24, 2012) at the ongoing Locust drill program, located at the Company’s 100% owned Tonichi project in Sonora State, Mexico. To date, 5 diamond drill holes have been completed using the Company’s NQ diamond drill, for a total of 1180.8 meters drilled, with an additional hole in progress. An additional 50 to 70 meters will be added on hole number 6 before starting hole number 7. Hole LCT-12-5 has encountered gold mineralization of 0.33 g/t Au over 63.85 meters and hole LCT-12-6 encountered 24.5 meters of 0.45 g/t Au. Assay results from all holes are summarized in the table below. Note that data from some holes was previously released but is included here for completeness.
First Majestic Silver Corp. is pleased to announce that the Company has been recognized with three awards reflecting the Company’s continuous efforts with respect to our corporate citizenship practices as a socially responsible company.
Yale Resources Ltd. is pleased to report it has mobilized a field crew to the 7,979.31 hectare (79.8 km2 ) Orofino Property, located in Sonora State, Mexico, to initiate work on the property as part of an ongoing field program to be conducted on behalf of Overlord Capital Ltd.
Orex Minerals Inc. announces that it is undertaking a non-brokered private placement for gross proceeds of up to approx. $5,000,000. The Offering consists of up to 10,000,000 units at a price of $0.50 per unit, with each unit consisting of one common share and one-half of one share purchase warrant. Each whole warrant is exercisable for one common share at a price of $0.75 for a period of two years from closing of the Offering, which Orex expects to be on or about August 31, 2012.
Capstone Mining Corp. today announced the appointment of Mr. Tony Giardini, CA, CPA, as Sr. Vice President and Chief Financial Officer of Capstone. He replaces Mr. Richard Godfrey who will leave the company.
Southern Silver Exploration Corp. reported today that drilling on the Cerro Las Minitas project, located in Durango State, Mexico, has extended the depth projection of high-grade silver-polymetallic mineralization in the Blind Zone deposit.
Cigma Metals Corporation is pleased to announce that effective July 24, 2012, Mr. Agustin Gomez de Segura, the Company’s President and Chief Executive Officer and sole member of the Board of Directors of Cigma Metals Corporation, appointed Mr. Antonio Jaramillo and Ms. Michelle Robinson to the Board of Directors.
Virgin Metals Inc. is pleased to announce, subject to TSX Venture Exchange approval, the completion of a non-brokered private placement of common shares at a price of $0.15 per Common Share for aggregate gross proceeds of $203,971.05. Participation of insiders in the private placement totaled 59% of the total amount raised.
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