Silvercorp Reports Intercept of 4.55 Metres Grading 2,196 Grams per Tonne Silver, 13.63% Lead and 1.38% Zinc at the LM Mine, Ying Mining District, Henan Province, China
- Published: 20 August 2012
- Written by Editor
Cayden Resources Inc. (TSX VENTURE:CYD) ("Cayden" or the "Company") is pleased to announce that it has increased the non-brokered financing announced on August 8th from $4,200,000 to $5,095,000 as a result of the increased demand. The non-brokered private placement is now complete, gross proceeds of CAD$5,095,000 were raised by issuing 5,095,000 units (the "Units") of the Company at a price of CAD$1.00 per Unit (the "Offering"). Each Unit consists of one common share plus one half of one common share purchase warrant with each whole purchase warrant exercisable into a common share at a price of $1.50 for a period of 24 months from closing (the "Warrant"). The common shares and the common share purchase warrants are subject to a four month hold period expiring December 17, 2012.
Northern Vertex Mining Corp. (TSX.V:NEE) (OTCQX:NHVCF) is pleased to announce additional underground channel sample results from the Moss Gold-Silver project in Mohave County, Northwestern Arizona. Channel samples were taken at 5-foot intervals across the 'back' (roof) of the 1921 Hill No 2 X-Cut located 250 meters east of the Allen Shaft-Office X-Cut workings.
States Northern Vertex Chief Geologist Dr. Bob Thompson, "These exceptional results demonstrate the potential for high-grade ore at Moss. A 24 m intersection of 4.9 gpt material provides excellent potential for higher grade averages and enhanced future profitability.
Includes 996 g/t (29 oz/ton) Gold Over 1.05 Metres (3.4 feet)
Balmoral Resources Ltd. ("Balmoral" or the "Company") (BAR.V)(BALMF) reported today that the first of the ME-series holes completed as part of the summer drill program on its Martiniere Property has discovered a new bonanza grade, gold bearing structure in the footwall to the Bug Lake Gold Zone. The Footwall discovery returned, on an uncut basis, 272.39 g/t (8.0 oz/ton) gold over 3.88 metres (12.7 feet) across the width of the mineralized structure. Included in this interval are adjacent bonanza grade intercepts of 1,530 g/t (44.6 oz/ton) gold over 0.55 metres (1.8 feet) and 409 g/t gold (11.9 oz/ton) over 0.50 metres (1.6 feet).