A $2.03 billion judgment in a lawsuit brought by shareholders of Southern Copper Corp should be overturned because a key witness from deal adviser Goldman Sachs Group Inc was excluded from the trial, lawyers challenging the ruling argued in Delaware’s Supreme Court on Thursday.
El Tigre Silver Corp. is pleased to provide an update report along with assays from the next three holes from the ongoing Gold Hill core drilling program at its 100% owned El Tigre silver project in Sonora, Mexico.
Defiance Silver Corp is pleased to announce a non-brokered private placement of up to 33,333,400 units of the Company at a price of $0.30 per Unit for gross proceeds of up to $10,000,000, with a minimum of 13,333,400 units for gross proceeds of $4,000,000. The Offering is subject to an overallotment option whereby the Company may increase the Offering by up to 50% depending on market demand.
Dia Bras Exploration Inc. is pleased to announce that it has closed its previously announced C$45 million private placement of common shares at an offering price of C$3.00 per share.
Bearing Resources Ltd. announces results from its 1,172 metre (7 hole) diamond drill program at the Parrandera gold-copper property located in the Mapimi region of Durango, Mexico. The Parrandera property was the initial and smallest property optioned when establishing the Mapimi project (40,000 hectares). The drill program was highlighted by drill hole PA12-01 which returned 12.95 metres grading 0.858 grams per tonne (g/t) gold beginning at a down hole depth of 16.3 metres. While the drill program identified gold and copper mineralization over narrow intercepts, the results did not meet Bearing’s exploration target criteria therefore the Parrandera property will be returned to the property vendors.
Coeur d’Alene Mines Corporation announced today that its Board of Directors has authorized a share repurchase program of up to $100 million of the Company’s common equity. Based on yesterday’s closing price of $18.95 per share, the authorized program represents approximately 5.3 million, or nearly six percent, of the Company’s outstanding shares.
International Northair Mines Ltd. is pleased to announce that Focus Ventures Ltd. has reported to Northair that an exploration program has commenced at the Company’s El Reventon Property located in the State of Durango, Mexico.
Santacruz Silver Mining Ltd. is pleased to take this opportunity to announce the appointment of Mr. Francisco Ramos as the Chief Operating Officer of the Company and also update its shareholders and interested parties on the corporate activities that have taken place over the past couple months on the Rosario, Gavilanes and the San Felipe silver projects and the Company’s plans for the remainder of 2012.
Aura Minerals Inc. announces that Mr. Fausto Taddei is stepping down as Executive Vice President and Chief Financial Officer effective June 29, 2012. The Company is pleased to announce the appointment of Mr. Rory Taylor, CA (SA) as Interim Chief Financial Officer in his stead.
NWM Mining Corporation is pleased to report exploration drill results from its wholly owned Lluvia-Jojoba gold mining project in northern Sonora, Mexico. Twenty new percussion drill holes (for 612 meters) have intersected gold mineralization on the east flank of the Gold Ridge geochemical anomaly, 900 meters west of the main mining area at the Lluvia deposit Creston Pit. These drill holes expand the lateral distribution of gold mineralization identified from percussion holes previously drilled into this structure, and define three targets for follow-up. The new drill holes, drilled to 30.6 meters depth, returned weighted average gold grades up to 0.411 g Au/tonne, and higher grade intervals up to 0.626 g Au/tonne over intervals of 15.2 meters. Individual assays up to 2.38 g/t Au were also encountered (Average gold grades for existing reserves at Lluvia de Oro are 0.50 g/t with a cut-off gold grade of 0.20 g/t). Highlights of the Gold Ridge drill results are set forth in the table below.
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