Southern Silver Exploration Corp. (TSXV:SSV,FWB:SEG) entered into an amending agreement with the Optionor of the Cerro Las Minitas property in Mexico to reduce the option payment due on May 18, 2013 from $1 million to $250,000. This will also extend the balance of the purchase price of $1.75 million to be paid periodically with the last payment due in March 2015.
Trevali Mining Corporation (TSX:TV,LMA:TV,OTCQX:TREVF,FWB4TI) entered into a letter of engagement with Dundee Securities Ltd. Dundee has agreed to purchase a bought-deal private placement basis of 16,667,000 common shares for total gross proceeds of $10,000,200, at a price of $0.60 per share.
Trevali Mining Corporation (TSX:TV,LMA:TV,OTCQX:TREVF,FWB:4TI) provided a production update on its Santander Mine in Peru, and announced changes to its management team . The Company expects to commence crushing rock, to fill the base of the Fine Mill Feed Bin, over the next several days with mineralized material processing and production to follow thereafter.
Yellowhead Mining Inc. (TSX:YMI,OTCQX:YHMGF) announced results from the completed winter drill program on its Harper Creek property. Highlights include 0.39% Cu over 108.77m commencing at a depth of 237.42m intersected in Hole HC13-161. As quoted in the press release: These results continue to confirm the block model prediction of grades while tightening up the drill [...]
NSX Silver Inc. (TSXV:NSY) announced initial results from the Santa Rosalita and La Prieta zones on its Dios Padre Project. Highlights include 352 grams per tonne silver and 9.4 grams per tonne gold.
Golden Arrow Resources Corporation (TSXV:GRG) announced its initial independent NI 43-101 resource estimate for the Chinchillas silver-lead-zinc project in Argentina: indicated 7.2 million tonnes grading 119 g/t silver, 0.57% lead and 0.48% zinc (32.6 million ounces silver equivalent (Ag Eq) at 141 g/t Ag Eq, and a 50g/t Ag Eq cut-off), and inferred 21 million tonnes grading 78 g/t Ag, 0.69% Pb and 0.62% Zn (72.2 million ounces Ag Eq at 107 g/t Ag Eq grade and 50 g/t Ag Eq cut-off).
Trevali Mining Corporation (TSX:TV,LMA:TV,OTCQX:TREVF,FWB:4TI) appointed Peter Meredith to its Board of Directors.
NSX Silver Inc. (TSXV:NSY) amended its agreement with Minera Pena Blanca SA de CV, extending each of its remaining cash payment options for the Dios Padre Silver Property for three years. According to the option agreement, a total of US$500,000 have been made to date and six semi-annual options payments totaling US$5,500,000 remain.
Sunset Cove Mining Inc. (TSXV:SSM,BVL:SSM) announced a non-brokered private placement comprised of up to 10,000,000 units. The private placement is for total gross proceeds of up to $500,000 at a price of $0.05 per unit.
Kootenay Silver (TSXV:KTN) President and CEO, James McDonald spoke with the Investing News Network during PDAC in Toronto on the Company’s flagship Promontorio project.