Silver Investing News

Orko Silver Announces $7 Million Private Placement

Researcher — Thu, 02 Sep 2010 22:03:40 +0000

Orko Silver Corp (CVE:OK) announced that it has entered into an agreement with GMP Securities L.P. as lead agent and a syndicate including Byron Securities Limited, which have agreed to act as agents for and on behalf of the Company, on a “best efforts” agency basis, without underwriter liability, in connection with a proposed private placement of common shares of the Company for aggregate gross proceeds of up to approximately $7,000,000.

The press release is quoted as saying:

The offering is scheduled to close on or about September 21, 2010 and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange and the securities regulatory authorities.

Click here to access the entire press release

Click here to access Orko Silver Corporate Site

Eloro Resources Reschedules Shareholder Meeting

Researcher — Thu, 02 Sep 2010 22:00:27 +0000

Eloro Resources Ltd. (CVE:ELO) announced that its Annual and Special Meeting of Shareholders originally scheduled for September 30, 2010 will be rescheduled to a later date, likely before the end of October.

The press release is quoted as saying:

Eloro is a junior exploration company focused on discovering and developing precious metals in the Val-d’Or mining camp, as well as quality precious and base metal resources in the James Bay region of northern Quebec.

Click here to access the entire press release

Donner Metals Ltd.: Inferred Resources at Bracemac-McLeod Expand by 2.07 Million Tonnes of Massive Sulphides

Researcher — Thu, 02 Sep 2010 21:58:59 +0000

Donner Metals Ltd. (CVE:DON) reported that the Company has received a NI 43-101 compliant inferred resource for the McLeod Deep Zone from its partner Xstrata Canada Corporation – Xstrata Zinc Canada Division on the Matagami Project in central Quebec.

The press release is quoted as saying:

Donner has the option to earn a 50% participating joint venture interest in the Matagami Project by incurring a total of $25 million of expenditures on exploration and related work on or before May 31, 2011. To date, Donner has provided $24.1 million towards exploration, and has in its treasury, the balance of the funds required to exercise the option.

Click here to access the entire press release

Click here to access Donner Metals Ltd. Corporate Site

Silver Quest Increases Boulevard Property, Yukon

Researcher — Wed, 01 Sep 2010 20:59:08 +0000

Silver Quest Resources Ltd. (CVE:SQI) announced that it has executed an option agreement to acquire a 100% interest in eight mineral claims increasing the Company’s Boulevard Property by approximately 165 hectares.

The press release is quoted as saying:

Pursuant to the terms of the option agreement, the Company can acquire a 100% interest, subject to a 2% percent net smelter return royalty (“NSR”), in the Tiger claims by issuing an initial 250,000 common shares.

Click here to access the entire press release

Click here to access Silver Quest Resources Ltd. Corporate Site

Revett Announces Additional Silver Wheaton Corp. Subscription

Researcher — Wed, 01 Sep 2010 20:57:58 +0000

Revett Minerals Inc. (TSE: RVM) announced that Silver Wheaton has subscribed for additional shares to maintain its shareholdings at 16.4% of issued and outstanding shares in Revett.

The press release is quoted as saying:

Revett Minerals, through its subsidiaries, owns and operates the currently producing Troy Mine in Lincoln County, Montana and development-stage Rock Creek Project located in Sanders County, Montana, USA. The proven reserves at the Troy Mine and significant resources at the Rock Creek project will form the basis of our plan to become a solid mid-tier base and precious metals producer.

Click here to access the entire press release

Click here to access Revett Minerals Inc. Corporate Site

Endeavour Silver Identifies Three New Silver Veins

Researcher — Wed, 01 Sep 2010 20:53:43 +0000

Endeavour Silver Corp. (TSE:EDR, NYSE Amex:EXK) announced that it has identified three new silver veins and acquired three new mining properties in the San Pedro area of the Guanacevi silver district in Durango State, Mexico.

The press release is quoted as saying:

Endeavour Silver Corp. is a small-cap silver mining company focused on the growth of its silver production, reserves and resources in Mexico. Since start-up in 2004, Endeavour has posted five consecutive years of aggressive silver production, reserve and resource growth.

Click here to access the entire press release

Click here to access Endeavour Silver Corporate Site

Avino: Betting on a Silver Lining

Researcher — Wed, 01 Sep 2010 19:50:24 +0000

Oakshirefinancial.com reported on Avino: Betting on a Silver Lining:

Central Mexico, which held the largest concentration of silver found by the conquistadors, has been the center of Mexico’s billion-ounce silver production history. Having given up as much as a third of the total amount of silver ever mined globally, the Latin American country is today is the world’s second largest producer (after Peru)—and the largest producer of silver from mines.

Click here to access the entire editorial

United Mining Group Receives Conditional Approval for TSX Listing

Researcher — Wed, 01 Sep 2010 00:14:13 +0000

United Mining Group, Inc. (CNQ:UMG) announced that the Toronto Stock Exchange (TSX) has conditionally approved the Company’s common shares for listing on the TSX.

The press release is quoted as saying:

United Mining Group is a profitable, vertically integrated mining company with operations in Idaho, USA. The Company offers a full suite of mining services including contract mining to silver miners in the district.

Click here to access the entire press release

Click here to access United Mining Group, Inc. Corporate Site

SNS Provides Exploration Update on its Ontario and Idaho Properties

Researcher — Wed, 01 Sep 2010 00:12:37 +0000

SNS Precious Metals Inc. (CVE:SNS) (previously “SNS Silver Corp.”) provided an update on its projects and exploration plans on its gold and silver properties located in Ontario and Idaho.

The press release is quoted as saying:

In Idaho, United Mining Group, Inc. is in the process of bringing the Crescent Silver Mine back into production. They are presently completing a new portal into the upper country of the Crescent Mine and rehabilitating sections of the Hooper tunnel.

Click here to access the entire press release

Continental Gold Drills 14.3 Metres at 446g/t Gold and 166g/t Silver in the Veta Sur System, Buritica Gold Project, Colombia

Researcher — Wed, 01 Sep 2010 00:10:22 +0000

Continental Gold Ltd. (TSE:CNL) announced the first results of the 2010 drilling campaign in the Veta Sur and Yaragua vein systems plus a new discovery on the Company’s 100%-owned Buriticá Gold Project, Antioquia Province, Colombia.

The press release is quoted as saying:

Continental Gold Limited is an advanced-stage exploration company with eight gold projects covering 200,000 hectares in Colombia.

Click here to access the entire press release

Click here to access Continental Gold Ltd. Corporate Site