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Afferro Mining Inc ( AFF ) |
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Mining
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Written by Editor
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Wednesday, 22 May 2013 08:26 |
Proposed Offer for Afferro Mining Inc.
The boards of Afferro Mining Inc. ("Afferro") and International Mining & Infrastructure Corporation plc ("IMIC") are pleased to announce that they have agreed terms in-principle, for the proposed acquisition of Afferro by IMIC, which Afferro's Board intends to recommend to its shareholders, subject to the completion of relevant documentation including satisfactory final financing arrangements, and the receipt of a fairness opinion from its financial adviser as to its terms of the proposed offer.
Under the agreed terms, IMIC will offer for each share of Afferro:
- 80p in cash, plus
- a 2-year convertible loan note of with principal value of 40p.
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Copper Mountain Mining ( CUM ) |
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Mining
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Written by Editor
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Wednesday, 22 May 2013 08:00 |
Copper Mountain mine back in operation earlier than expected
Copper Mountain Mining Corporation (TSX:CUM ) (the "Company" or "Copper Mountain") announces that further to the Company's news release of May 17, 2013, the damaged SAG mill transformer was replaced late Friday and the mill was back in operation by 6 pm Friday May 17, 2013. Site maintenance personnel were able to successfully replace the damaged transformer with identical transformers from Ball Mill #1. Operations over the long weekend with the SAG mill and one ball mill was better than forecast and operated at an average rate of 1,100 tpoh or an average of 25,400tpd.
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Solvista Gold Corporation ( SVV ) |
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Mining
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Written by Editor
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Tuesday, 21 May 2013 09:45 |
Solvista Gold Reports Continued Drilling Success at Caramanta: New Results Include 456.3 Metres at 1.40 g/t Gold Equivalent and 323.4 Metres at 1.74 g/t Gold Equivalent
Solvista Gold Corporation ("Solvista" or the "Company") (TSX VENTURE:SVV)(OTCQX:SVVZF) is pleased to announce the completion of its 8,000 metre, Phase 1 drill program on three separate targets within the Caramanta Porphyry Cluster at its Caramanta Project. The Company is also pleased to release the results of seven additional drill holes on its El Retén gold-copper discovery (the first of the three targets drilled within the Caramanta Porphyry Cluster) completed as part of the Phase 1 drill program. These results further support the Company's model that the Caramanta Porphyry Cluster represents a cluster of related mineralized bodies and as such, has the potential to host significant new gold-copper porphyry discoveries in the Middle Cauca Belt of Colombia.
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Premier Gold Mines Limited ( PG ) |
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Mining
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Written by Editor
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Tuesday, 21 May 2013 09:39 |
Premier provides additional drill results from Hardrock - Including 400.53 g/t Au across 5.0 metres (11.68 oz/t gold across 16.4 feet)
PREMIER GOLD MINES LIMITED (TSX:PG) is pleased to announce additional high-grade results from ongoing drilling at the Company's Trans-Canada Property in Northwestern Ontario. Drilling has discovered a parallel gold-bearing horizon within 250 metres of surface and continues to confirm extensions to several horizons. New highlight intercepts include:
- 400.53 grams per tonne gold (g/t Au) across 5.0 metres (m) in hole HR156 including 2,000 g/t Au across 1.0 m drilled to upgrade resources in the deeper portion of the pit shell within the HGN-Zone.
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Alpha Minerals Inc ( AMW ) |
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Mining
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Written by Editor
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Thursday, 16 May 2013 09:04 |
Alpha Minerals Discovery Zone (R00E) Returns 22.0m of 4.8%, Including 4.0m of 20.73% U3O8 at Patterson Lake South, Athabasca Basin
Alpha Minerals Inc. (TSX VENTURE:AMW)(FRANKFURT:E2GA) ("Alpha" or "the Company") and its Joint Venture partner Fission Uranium Corp. (formerly Fission Energy Corp.) are pleased to report assay results from another nine holes from the R00E zone at its Patterson Lake South ("PLS") Property. The assays show a continuous area of broad uranium mineralization at shallow depth. Of particular note is hole PLS13-043 which returned an interval of 22.0m at 4.8% U3O8. With a Grade x Thickness (GT) product value of 105.6, representing the best GT interval to date from the R00E Zone.
- Hole PLS13-043 (line 045W) intersected:
22.0m of 4.8% U3O8, including 4.0m of 20.73%U3O8
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