Market Watch reported that investors are continuing to be bullish on silver in 2012, and investor demand is driving the price of silver, which has risen by more than 20% since the beginning of 2012.
Quaterra Resources Inc. (TSXV:QTA) and joint-venture partner Blackberry Ventures I, LLC, announced that a preliminary economic assessment of the Nieves property in Mexico concluded the potential for an open pit silver mine with an average yearly potential of 5 million ounces production per year.
Columbus Silver Corporation (TSXV:CSC) has entered into an option agreement with Santa Fe Gold Corporation, wherein Santa Fe may earn 100% interest in the Mogollon Project in New Mexico for US$4,500,000.
MineWeb reported that a note form Standard Bank stated gold, silver, and aluminium are the most likely to benefit from the U.S. Federal Reserve’s announcement of QE3.
Huldra Silver Inc. (TSXV:HDA) announced a commissioning update of its Merritt Mill 200 tonne per day silver, lead, and zinc mill.
Falcon Gold Corp. (TSXV:FG) announced that it has initiated a 1,000 metre diamond drill program at the Silver Bell open pit on the Washington Silver Property.
Rye Patch Gold Corp. (TSXV:RPM) announced a resource update on its Rye Patch Gold US Inc.’s Lincoln Hill project, including 96 million ounces of silver in the measured and indicated category.
Prospero Silver Corp. (TSXV:PSL) announced the signing of a non-binding letter of intent for an option to joint venture agreement covering its San Luis del Cordero property with Silver Standard Resourced Inc. (TSX:SSO)
Business Insider reported the rise in the price of silver, trading at $33.94 an ounce, up almost 1.5% on after the announcement that Germany’s top court ruled that Germany can ratify the €500 billion ESM bailout fund but with strict conditions.
Jasper Mining Corporation (TSXV:JSP) announced an agreement with a British Columbia numbered company with respect to further work on its Ruth Vermont/Vowell Creek Mining Lease and claims.