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ECU Silver Mining Inc. (TSE:ECU) announced assay results from the Santa Juana mine.
The press release is quoted as saying:
These assays are consistent with those of the A4 vein found and mined in the lower levels of the active portions of the Santa Juana mine, 1,200 meters (3,937 feet) above these intercepts but over a wider true width of 6 meters compared to the 0.5 to 2.0 meters normally encountered in the mine workings.
Click here to read the entire news release.
The Street reported on the upside potential of investing in Coeur d’Alene Mines (NYSE:CDE).
The market news is quoted as saying:
Although it cost $4 to mine an ounce of silver in the second quarter, down 50% from a year earlier, Coeur’s cost to mine an ounce of gold at Kensington was $924 due to lower grade gold.
To read the full market news, click here.
Mineweb reported on analyst John Embry’s claim that surging gold and silver prices indicate an unsustainable global debt situation.
The market news is quoted as saying:
While this rather bleak scenario does not bode well for the financial system as a whole, gold’s performance over time [as well as that of silver] is likely to “knock your socks off”, Embry says. But, he adds, especially after this latest move, he would prefer to see a correction in prices before that happens.
To read the full market news, click here.
Meadow Bay Gold Corporation (CVE:MAY,OTC:MAYGF) announced it has finished consolidating its gold and silver claims in Nevada.
The press release is quoted as saying:
The package now includes over 10,000 acres of mining and exploration claims divided amongst four main projects – The Atlanta Gold Mine, Western Knolls, PEG and Limestone Hills.
Click here to read the entire news release.
Avrupa Minerals Ltd. (CVE:AVU) reports an update for the ongoing Marateca drill project in the Pyrite Belt of southern Portugal.
The press release is quoted as saying;
To date, three holes have been completed, and despite difficult drilling conditions in fault zones and silicified rock units, the program is continuing. Avrupa commenced drilling in the Serrinha District on the Marateca license in late 2010 with a 3-hole, 1300-meter campaign to upgrade the understanding of two classic massive sulfide targets (São Martinho and Monte de Volta) and one stockwork sulfide target (Serrinha).
Avrupa Minerals’ President and CEO, Paul Kuhn says:
“Both the geological and geochemical results from the Serrinha hole surpassed expectations for a first-pass attempt at understanding the potential targets in the Serrinha District at Marateca. The drilling at Serrinha is a real step-out in the northern Pyrite Belt, as the nearest previously known mineralization is located some 30 kilometers to the south of Serrinha at Lagoa Salgada. In addition to the Serrinha District drill targets, there are at least six other target areas around the license that have not yet been advanced to the level of the Serrinha District.”
Click here to access the entire news release.
Click here to access Avrupa’s company profile.(CVE:AVU)
CNBC News reported on the potential for silver as an investment alternative to gold.
The market news is quoted as saying:
Although silver prices collapsed in late April and early May following margin hikes, Gavin Wendt, Senior Resources Analyst at Mine Life thinks the metal is likely to outperform gold over the next 6 months.
To read the full market news, click here.
NQ Exploration Inc. (CVE:NQE) reports early results of the new drilling program at its Carheil project.
The press release is quoted as saying:
The first hole of the planned 20,000-metre program is revealing more and more of the potential of the near-surface silver zone about 30 metres down, just under the overburden, once again boosting the assessment of the open-pit potential. This hole returned the highest grade of all the shallow holes, with a total of 58.3 g/t Ag over 32 metres, including a higher grade zone of 93.1 g/t Ag over 16 metres.
These results would tend to confirm that a “low-grade” zone over 10 metres thick could be outlined between surface and the 200-metre level, within a 25 to 30-metre mineralized envelope. These results call for a review of the deposition model and the metallogenic control of the silver zones, which appear to be larger than anticipated, with rich zones in both the silicified and the sericitized areas, with or without the presence of zinc and copper sulphides.
Click here to access the entire news release.
Click here to access NQ Exploration’s company profile.(CVE:NQE)
