Trevali Resources Corp. announce it has received highly positive results from initial independent metallurgical testing of its high-grade Magistral Norte zone on the Santander silver-lead-zinc mine project in Peru. Recoveries to the separate rougher concentrates are: silver 84.5%, lead 95% and zinc 91%, and display excellent separation of the silver-lead and zinc mineralization. These initial results... Read more..
Mirasol Resources Ltd. announce the discovery of extensions to the Morena gold prospect and the start of a 1,700 metre scout drill program at its 100% owned Joaquin high grade gold silver project, Santa Cruz province, southern Argentina. Ongoing exploration at the Joaquin project is 100% funded by Mirasol’s joint venture partner, Coeur Argentina S.R.L., a wholly-owned subsidiary of Coeur d’Alene... Read more..
Apex Silver Mines Limited announced that it has entered into a non-binding letter of intent with Sumitomo Corporation providing for the sale of Apex Silver’s interest in the San Cristóbal mine to Sumitomo for a cash purchase price of $22.5 million. Apex Silver would continue to manage the mine following the sale. Sumitomo currently owns a 35% interest in the mine indirectly through Minera San... Read more..
General Metals Corporation announce it has completed its 2007- 2008 Phase 1 drilling program at its Independence Gold and Silver Mining Project in Battle Mountain, Nevada. The Independence is situated directly adjacent to the massive Phoenix Project, which is the largest operating gold mine in the US. All samples from the drilling have been delivered to American Assay Labs Reno facility for analysis.... Read more..
Maya Gold & Silver Inc. announce Guy Goulet nomination as President of the company. In 1986, Guy Goulet graduated with an engineering degree in geology from l’Ecole Polytechnique de Montreal. Mr. Goulet has sat on several boards of directors for both public and private companies over the past 20 years. His extensive network of contacts in the corporate and financial worlds will contribute... Read more..
High Desert Gold Corporation provided an update on shareholder rights plan which was adopted effective October 29, 2008, subject to acceptance by the Toronto Stock Exchange (the “TSX”). As previously announced on November 3, 2008, the Company had been advised that Northern Financial Corporation (”Northern”) intended to submit an application to the British Columbia Securities... Read more..
Lydian International Ltd., a diversified U.K. mineral exploration and development company, today announced results from further exploratory and step-out drilling at its Amulsar gold discovery in Armenia. Results from 7 reverse circulation drill holes aimed at testing the potential for gold mineralisation located immediately to the south and 1.6km to the northwest of the central Tigranes area, at the... Read more..
Silverstone Resources Corp. announce that it has agreed to acquire 100% of the life-of-mine payable gold and silver production from Sherwood Copper Corporation’s (”Sherwood”) Minto mine located in the Yukon, Canada effective December 1, 2008. With this acquisition, together with Silverstone’s existing contributing silver contracts, Silverstone is expected to sell in excess of... Read more..
Hidalgo Mining International (Other OTC:HMIT.PK – News), an innovative mining company headquartered in Port Washington, N.Y., announced that it has signed a Letter of Intent with North Bay Resources Inc. to enter into a joint venture for the development of North Bay’s Silver Leaf Property. The terms of the Agreement will be announced once a final Agreement has been executed. ABOUT THE SILVER... Read more..
Aura Silver Resources Inc. announce results of a field program undertaken in August on the Greyhound Lake project in Nunavut. Samples collected during the field work contained up to 4.1% copper (Cu), 13.4% zinc (Zn), 8% lead (Pb), 2800 grams per tonne (g/t) silver (Ag) and 28g/t gold (Au). The mineralization occurs in a variety of geologic settings. The Greyhound property comprises approximately 23,000... Read more..