Posts by Marketwire - Mining and Metals:

IMPACT Silver Corp. Announces Commencement of Construction at the Capire Open Pit Silver Mine

IMPACT Silver Corp. announced Wednesday that construction of the new Capire Open Pit Silver Mine has now commenced. Capire represents a new production center in a new mining district and an opportunity that would propel IMPACT to become a multimillion ounce silver producer. Capire is located in the Mamatla Mineral District, 16 kilometers southwest of IMPACT's active mining and processing operations at the Royal Mines of Zacualpan Silver District, Mexico.
Marketwire - Mining and Metals | January 11, 2012 | 8:57 pm

Allana Potash Announces $20 Million Bought Deal

Allana Potash Corp. (TSX:AAA) ("Allana" or "the Company"), is pleased to announce that it has entered into an agreement with a syndicate of underwriters led by Dundee Securities Ltd., and including National Bank Financial Inc., Cormark Securities Inc., Macquarie Capital Markets Canada Ltd., and Fraser Mackenzie Limited (the "Underwriters"), to purchase 25,000,000 common shares of the Company (the "Common Shares") at a price of $0.80 per Common Share for gross proceeds of $20,000,000 on a bought deal basis (the "Offering").
Marketwire - Mining and Metals | January 10, 2012 | 9:28 pm

Carpathian Reviews 2011 Achievements & Budgets $152 Million for 2012

Carpathian Gold Inc. (TSX:CPN) (the "Corporation" or "Carpathian") is pleased to provide a review of the results and achievements for 2011 and its capital expenditure and exploration work programs and outlook for 2012 for which it has allocated a total budget of approximately $152 Million. The Corporation is pleased with the achievements it made in 2011 on its two wholly owned assets: 1) Riacho dos Machados Gold Mining Project (the "RDM Mine" or "Project") in Brazil which is now in the mine construction phase and; 2) the Rovina Valley Project in Romania which is currently undergoing a Pre-feasibility Study.
Marketwire - Mining and Metals | January 10, 2012 | 4:30 pm

Diamond Frank Exploration Inc. Increases its Commandant Property and Continues its Exploration Campaign

Diamond Frank Exploration Inc. ("Diamond Frank") (TSX VENTURE:DOD) announces that it has received confirmation from the Quebec Department of Natural Resources and Wildlife that it holds 102 additional claims to the north and west of its Commandant property. The property "Commandant Extension" covers 5,920 hectares, bringing the total area controlled at 100 % by Diamond Frank Exploration Inc. in this region to more than 9,637 hectares.
Marketwire - Mining and Metals | January 10, 2012 | 3:43 pm

Olympus Exceeds Its 2011 Gold Production Target

Olympus Pacific Minerals Inc. (TSX:OYM)(OTCQX:OLYMF)(FRANKFURT:OP6)(ASX:OYM) Chief Executive Officer, John Seton, is pleased to announce production results from its Phuoc Son and Bong Mieu Gold Plants for the period ended December 31, 2011 set out below. The Company's 2011 annual production forecast of 40,000 ounces has been exceeded despite the commissioning of the Phuoc Son Gold Plant having been delayed several months resulting from record-breaking monsoon rain.
Marketwire - Mining and Metals | January 10, 2012 | 1:28 pm

Aurion Acquires New Gold Projects in Mexico

Aurion Resources Ltd. ("Aurion") (TSX VENTURE:AU) is pleased to announce the signing of a Letter of Intent ("LOI") with Golden Minerals Company ("GM") whereby Aurion will have the right to earn a 100% interest in the El Teyra and Rubi-Esmeralda gold projects in Mexico as further described below. The acquisition is subject to exchange approval.
Marketwire - Mining and Metals | January 9, 2012 | 10:00 pm

Silvercorp Sues Jon R. Carnes, His EOS Holdings and Zane Heilig as "Alfred Little"/"IFRA" in Silvercorp Amended New York Lawsuit

Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX:SVM)(NYSE:SVM) today filed an amended lawsuit in the Supreme Court of the State of New York, County of New York, adding EOS Holdings LLC., Jon Carnes, Zane Heilig, Andrew Wong and International Financial Research & Analysis Group ("IFRA"), as defendants. VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 9, 2012) - Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX:SVM)(NYSE:SVM) today filed an amended lawsuit in the Supreme Court of the State of New York, County of New York, adding ...
Marketwire - Mining and Metals | January 9, 2012 | 9:00 pm