Sierra Iron Ore Corp. Initiates Legal Action Against A Neighboring Company to the Mazomique Property

Jan 8, 2013

VANCOUVER, Jan. 8, 2013 /PRNewswire/ – SIERRA IRON ORE CORP (the “Company”) in conjunction with “Aztec Zinc de Mexico S.A. de C.V” has initiated legal action against a neighboring company that owns and operates a mine on adjacent property to the recently optioned Mazomique property that is located south of the El Creston property. The legal action claims that the neighboring company has illegally crossed the property lines and has been operating and extracting iron...

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MGold Announces Oil and Gas Project Letter of Intent

Jan 4, 2013

CALGARY, ALBERTA–(Marketwire – Jan. 4, 2013) – MGold Resources Inc. (TSX VENTURE:MNI) (“MGold” or the “Corporation”) announced today that it has signed a Letter of Intent with arm’s length third parties to purchase a 92.27% working interest in a suspended D-3 Oil Unit in central Alberta for a purchase price of $500,000. MGold expects to recomplete one of the three suspended wells in the 3rd quarter of 2013 and place it on production. MGold will...

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Sutter Gold Announces Extension on Its Non-Brokered Private Placement

Jan 4, 2013

Sutter Gold Mining Inc. (TSX VENTURE:SGM)(OTCQX:SGMNF) (“Sutter” or the “Company”) is pleased to announce that the TSX Venture Exchange has granted Sutter an extension for the completion of its private placement financing, initially announced on October 18, 2012, to January 15, 2013. All terms for the balance of the US $5,000,000 offering of shares, at a price of US $0.30 per common share, remain unchanged. The Company previously closed an initial tranche of 3,356,634...

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VMS Ventures and operating partner HudBay Minerals to commence production at the Reed Mine in 2013

Jan 3, 2013

Summary of the Reed Mine’s Economic Assessment Initial production at Reed is expected by Q 4 – 2013 and will ramp up to full production of approximately 1,300 tonnes per day by Q1 – 2014. Average expected reserve ore grades of 3.83% copper, 0.48 g/t gold and 6.02 g/t silver, slightly better than PEA due to the exclusion of the inferred resources in the pre-feasibility study. Assumed metal recoveries in HudBay’s Flin Flon Concentrator of 94% copper, 58% gold and 62%...

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Cavan Ventures Inc.: First Phase of Pythonga Project Completed

Jan 3, 2013

VANCOUVER, BRITISH COLUMBIA–(Marketwire – Jan. 3, 2013) – Cavan Ventures Inc. (“Cavan” or the “Company”) (TSX VENTURE:CVN) announces it has completed a first phase ground program on its 100% owned Pythonga rare earth property located in Quebec. The program, completed in Q4 2012, consisted of channel sampling, limited line cutting, limited radiometric survey, surface delimiting for future stripping and prospecting under the guidance of C.D.G.C. inc....

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