Silver
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.
