The new concessions increase the original size of the La Cigarra silver property by over 100 times from 306 hectares to 32,064 hectares, consolidating a large land package over a prospective and largely under-explored area.
Canadian Junior Mining News
British Columbia, Canada's most western province, will employ over 16,700 mining professionals in the next 10 years according to a report released Wednesday by the Mining Industry Human Resources Council (MiHR) in partnership with the BC Mining HR Task Force.
Canadian exploration company Edgewater got a $5 million financing through the sale of royalty interests on the Company's 100% owned Corcoesto Gold Project in northwest Spain.
An exceptional number of mineral claims have been filed in British Columbia, Canada, over the last three years and more than 11,000 were filed in the first seven months of 2012.
Shares of Endeavour Silver Corp. (TSX:EDR)(NYSE:EXK) were up almost 2% at $9.87 Tuesday after it announced drill results from its Bolanitos mine in Guanajuato State, Mexico.
Solvista released first results on a drill program recently initiated in the Middle Cauca Gold belt in Antioquia, Colombia.
Newstrike Capital Intersects 76.27 Meters of 10.57 g/t Au Within a 174.48 Meter Interval of 5.45 g/t Au At the Ana Paula Project
Canadian junior Newstrike Capital Inc. announced the results from 4,948 meters of drilling completed this period as part of the 2012 drill program in progress at the Company's 100%-owned Ana Paula Project in the Guerrero Gold Belt, Mexico.
Melkior Resources Inc. (MKR - TSX Venture)("Melkior"),has commenced a diamond drill program on its 100% owned Carscallen gold project, in West Timmins, Ontario. The drilling program will consists of approximately three holes totalling a minimum of 2000 metres.
Claudio Mancuso, President and Chief Executive Officer, is scheduled to speak on Wednesday, September 12, 2012 at 10:05 am MDT.
MAG Silver Corp. (TSX: MAG; NYSE MKT: MVG) announced that it has closed its private placement offering of 3,526,210 common shares at a price of C$9.40 per share (the "Offering") for gross proceeds of approximately C$33.1 million.
International Northair Mines Ltd. (TSX VENTURE:INM) announced Wednesday assay results from 6 core holes completed in the Las Carolinas Zone at its La Cigarra silver project, located in north central Mexico.
Kiska Metals Corporations shares were up almost 19% (at 12:15 ET) Tuesday as the company announced updated results for its Thorn Property in northwestern British Columbia, sent by partner Brixton Metals.
Integra Gold reported final assay results from drilling earlier this year at the Vein No. 6 zone on its 100% owned Lamaque Project in Val d'Or, Quebec.
Balmoral Resources (CVX:BAL) reported Wednesday that exploration drilling on its Martiniere Property, in central Quebec, conducted well outside the previously known extent of the site’s gold system, has intersected three new, broad areas of gold mineralization.
Canadian junior Atlanta Gold (TSX:AGC) on Tuesday reported that it was cut off from accessing its Atlanta gold property by a forest fire, and might not be able to continue court-ordered remediation work to the water treatment facility until mid-October.
Canadian Aurcana Corp. (TSX-V: AUN, OTCQX: AUNFF) has updated the resource estimate for its La Negra polymetallic mine in Mexico's Querétaro state.
Canada's Karmin Exploration plans to invest $5 million in its Cushuro gold project, Peru, said its president David Brace.
Gold and silver junior Eco Oro Minerals said it will to appeal a ruling by a Colombian court that ordered the Ministry of Mines and Energy to take action to “leave without effect resolution 3452", which is the company’s main mining title.
An Idaho court has ordered Canadian Atlanta Gold Corp (TSX:ATG) to pay a bulky $2 million fine for its continuing failure to stop arsenic and iron from flowing into a tributary of the Boise River system.
Jeffrey Hunter, President and Chief Executive Officer of Canadian Silver Hunter Inc. (TSX VENTURE:AGH) (the "Corporation") advises that between March 2 and July 6, 2012, he directly or indirectly acquired ownership of 101,000 common shares ("Common Shares") of the Corporation.
Canadian junior Kennady Diamonds Inc. announced Tuesday the plan of arrangement between the company and Mountain Province Diamonds Inc. is now complete, and KDI shares have commenced trading on the TSX Venture under the ticker symbol KDI.
Focus Ventures Ltd. (TSXV: FCV) is pleased to announce encouraging results from surface sampling at the Don Blas target located on its Santa Cruz property, Durango, Mexico. The results of Focus's initial sampling were announced on March 19, 2012 and included a 22m section that averaged 377.8 g/t Ag.
Canadian Arrow Mines Limited announced Monday that it has commenced the mining phase on its Kelex nickel mine. Overburden removal is in progress and is planned to take one month in advance of production.
With positive feasibility studies in hand, companies aim to start building at least three new diamond mines in Canada by the third-quarter of next year, at a combined cost of around $3.4 billion.
With a total investment of $406 million, Canadian based mining exploration company Tahoe Resources (NYSE:TAHO), through its subsidiary Minera San Rafael SA, could become one of the largest silver producers in the world thanks to its El Escobal project in southeastern Guatemala, approximately 70 kilometres from Guatemala City.