Argentina Mining's Blog I Latest news on Mining in Argentina

Este blog fue creado para publicar novedades sobre la mineria en Argentina, complementando así nuestro web y presencia en redes sociales. Como todas nuestras actividades, apunta a conectar a la comunidad minera argentina y establecer un ámbito de promoción de la actividad en el mundo, generando oportunidades de negocios.
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This blog was created to publish news on argentinean mining, thus complementing our website and presence in social networks. As all of our activities, it intends to connect the mining community in Argentina and provide a place to promote the activity in the world, developing business opportunities.

31 dic 2009

Golden Minerals Announces Strategic Private Placement


GOLDEN, CO--(Marketwire - December 30, 2009) - Golden Minerals Company ("Golden Minerals" or the "Company") (TSX: AUM) (PINKSHEETS: GDMN) is pleased to announce that the Company has entered into an agreement to sell, on a private placement basis, 745,318 shares of common stock of the Company to The Sentient Group ("Sentient"), an independent private equity firm that manages over $1.3 billion of investments in the global resources industry, at a price of C$7.06 per share. Upon closing of the placement, Sentient will become the Company's largest stockholder, holding 19.9% of the Company's unrestricted common stock. Completion of the transaction is subject to several customary closing conditions, including final Toronto Stock Exchange ("TSX") approval. The proceeds of this offering will be used primarily for the advancement of the El Quevar project, the Company's advanced stage silver exploration project in northwestern Argentina.

The Company and Sentient have been in discussions since April 2009 regarding a potential investment in the Company. The price of the placement was established on December 7, 2009 under price protection rules of the TSX and reflects a premium to the 5-day volume weighted average price on that day.

As part of the placement, Sentient will have the right to purchase additional shares concurrent with the Company's proposed public offering pursuant to a long form prospectus that has been filed with securities administrators in certain provinces in Canada and a Registration Statement on Form S-1 that has been filed with the Securities and Exchange Commission in the United States (the "Public Offering"). Sentient has expressed its intention to purchase an amount of common stock necessary to maintain its pro-rata ownership concurrent with the closing of the Public Offering.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the private placement purchase of common stock of the Company by Sentient, the proposed use of proceeds from the private placement and Sentient's intention to purchase common stock concurrent with the proposed Public Offering to maintain its pro rata ownership. Factors that could cause actual results to differ materially include the approval of the private placement by the TSX and the parties' satisfaction of other closing conditions, whether the Company commences or completes the proposed Public Offering, whether Sentient purchases additional common stock concurrent with the Public Offering and how much common stock it purchases, and changes in U.S. and Canadian capital markets. In addition, the Company has broad discretion in its use of proceeds from the private placement and may decide to use the proceeds for other purposes based on valid business considerations. Additional risks relating to Golden Minerals Company may be found in the periodic and current reports filed with the Securities Exchange Commission by Golden Minerals Company, including the Annual Report on Form 10-K of its predecessor for reporting purposes under the securities laws, Apex Silver Mines Limited, for the year ended December 31, 2008.
For additional information please contact:
Golden Minerals Company
Jerry W. Danni
(303) 839-5060

Panthera Exploration Inc. Announces Private Placement


Panthera Exploration Inc. (the "Company") (PNX-TSX.V; PNXLF-OTC; OAY-Frankfurt) is pleased to announce a non-brokered private placement financing of up to 4,200,000 units ("Units") at a price of $0.13 per Unit, subject to regulatory approval. Each Unit will consist of one common share and one common share purchase warrant. Each full warrant will entitle the holder thereof to purchase one additional common share in the capital of the Company at a price of $0.18 per share in year one and $0.22 per share in year two.

This financing is subject to regulatory approval and a four-month hold period.

The proceeds from this financing will be used for general working capital.

.
ON BEHALF OF THE BOARD

"Bruce Winfield"

Bruce Winfield, President & CEO


For further information please contact, Bruce Winfield at 1-800-901-0058 or 604-687-1828, or fax 604-687-1858, or by email info@pantheraexploration.com, or visit the Company's web site at http://www.pantheraexploration.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or the accuracy of this release.


For more information on Mining in Argentina, active companies, projects and operating mines, statistics and much more, please visit our website: http://www.argentinamining.com/

28 dic 2009

Mega Uranium Ltd. Releases Audited Results for the Year Ended September 30, 2009



TORONTO, ONTARIO--(Marketwire - Dec. 22, 2009) - Mega Uranium Ltd. ("Mega") (TSX:MGA) announces its audited results for the year ended September 30, 2009.

SUMMARY FINANCIAL RESULTS
As at September 30, 2009, Mega had cash, cash equivalents and marketable securities totaling $22.3 million, as compared to $49.0 million at the end of September 30, 2008, a decrease of 55%. The decrease reflects Mega's project expenditures principally on the Lake Maitland resource development in Western Australia and also on priority exploration projects in Australia, Argentina and Cameroon. Subsequent to the year end, Mega completed a financing raising approximately $50 million.

As at September 30, 2009, the Company had mineral properties and related expenditures of $295.0 million, as compared to $285.7 million as at September 30, 2008. The increase is due to Mega's cash expenditures for exploration activities, primarily on its mineral properties in Australia, South America and Africa.

Summary results for the year ended September 30, 2009, as compared to the year ended September 30, 2008:

Income from financial and trading activities for the year was $6.7 million, most of which relates to unrealized gain on investments in public companies, as compared to a financial loss of $12.7 million last year.
Total expenses, excluding write-downs of mineral properties and related expenditures, were $17.8 million as compared to $31.8 million in the prior year.
Write-downs of mineral properties and related expenditures totaled $6.3 million in fiscal 2009 as compared to $233.4 million last year.
Net income in the year was $21.5 million ($0.11 per common share), as compared to a net loss of $195.5 million in the previous year ($1.07 per common share).
"During fiscal 2009, we concentrated our exploration activities on those properties that we felt represented the best opportunities for the Company in 2010, and secured an excellent partner for our Lake Maitland project in Western Australia", said Sheldon Inwentash, Mega's CEO. "Having raised $50 million just after the 2009 year-end, we are very well financed and now look forward to advancing our Lake Maitland project and continuing our focused exploration activities."

PROJECT ACTIVITY
In the fourth quarter of 2009, Mega continued its feasibility studies of its Lake Maitland uranium resource in Western Australia and progressed exploration of priority projects in Australia, Argentina, Colombia and Cameroon. Progress is summarized below and further details can be found in the relevant news releases on www.megauranium.com

A revised ore resource estimate was received for the Lake Maitland deposit based on extensive drilling conducted in 2007/2008. The new estimate showed an increase in the contained uranium and an upgrade of over 90% of the resource from the Inferred to the Indicated category (refer to Mega's news release of July 8 2009).
Notification was received from the Foreign Investment Review Board of Australia that there are no objections to the investment by the Japan Australia Uranium Resources Development Company Ltd ("JAURD") and by ITOCHU Corporation to acquire, respectively, a 30% interest and 5% interest in the Lake Maitland resource (news release of August 7 2009).
Mega's joint venture partner, Aura Energy Ltd. (ASX:AEE) announced the intersection of a uranium-bearing palaeochannel in its reconnaissance drilling of its Junction tenements in the Gunbarrel Basin of Western Australia (news release of August 10 2009)
In Cameroon, Mega reported encouraging downhole gamma probe eU3O8 results in its initial drilling of the Salaki prospect within the Kitongo Project. Intersections included 54.1 meters @ 206ppm eU3O8, 14.7 meters @ 258ppm eU3O8 and 12.6 meters @ 461ppm eU3O8 (news release of September 24 2009).
Stewart Taylor, Mega's President and Qualified Person under NI 43-101, has reviewed the technical information in this release and has verified the contents disclosed.

ABOUT MEGA URANIUM
Mega Uranium Ltd. is a Toronto-based mineral resources company with a focus on uranium properties in Australia, Argentina, Cameroon, Canada and Colombia. Further information on Mega can be found on the company's website at www.megauranium.com. Mega Uranium's Ben Lomond and Maureen properties in Queensland, Australia, are subject to a State policy which presently prohibits the mining of uranium.

NOTE REGARDING FORWARD-LOOKING INFORMATION

Certain information contained in this press release constitutes "forward-looking information", which is information regarding possible events, conditions or results of operations that is based upon assumptions about future economic conditions and courses of action. All information other than matters of historical fact may be forward-looking information. In some cases, forward-looking information can be identified by the use of words such as "seek", "expect", "anticipate", "budget", "plan", "estimate", "continue", "forecast", "intend", "believe", "predict", "potential", "target", "may", "could", "would", "might", "will" and similar words or phrases (including negative variations) suggesting future outcomes or statements regarding an outlook. Forward-looking information in this press release includes, but is not limited to, statements about our plans regarding future acquisitions and property development, our expectations regarding the uranium market, global growth and the use of nuclear power, our drill results, commodity prices and core intersection lengths, in that they constitute estimates, based on certain assumptions of mineralization that may be encountered if a deposit were to be mined.

By its nature, forward-looking information involves known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or industry results, to differ materially from those expressed or implied by such forward-looking information. Some of the risks and other factors that could cause actual results to differ materially from those expressed in the forward-looking information contained in this release include, but are not limited to: risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits and conclusions of economic evaluations; results of initial feasibility, pre-feasibility and feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations; risks relating to possible variations in reserves, grade, planned mining dilution and ore loss, or recovery rates and changes in project parameters as plans continue to be refined; mining and development risks, including risks related to accidents, equipment breakdowns, labour disputes (including work stoppages and strikes) or other unanticipated difficulties with or interruptions in exploration and development; the potential for delays in exploration or development activities or the completion of feasibility studies; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; risks related to commodity price and foreign exchange rate fluctuations; the uncertainty of profitability based upon the cyclical nature of the industry in which the Company operates; risks related to failure to obtain adequate financing on a timely basis and on acceptable terms or delays in obtaining governmental approvals or in the completion of development or construction activities; risks related to environmental regulation and liability; political and regulatory risks associated with mining and exploration; and other risks and uncertainties related to the Company's prospects, properties and business strategy.

Although we have attempted to identify important factors that could cause actual results or events to differ materially from those described in the forward-looking information, readers are cautioned that this list is not exhaustive and there may be other factors that we have not identified. Readers are cautioned not to place undue reliance on forward-looking information contained in this release. Forward-looking information is based upon our beliefs, estimates and opinions as at the date of this release, which we believe are reasonable, but no assurance can be given that these will prove to be correct. Furthermore, we undertake no obligation to update or revise forward-looking information if these beliefs, estimates and opinions or other circumstances should change, except as otherwise required by applicable law.

All forward-looking information contained in this release is expressly qualified by this cautionary note.

NOTE REGARDING DISCLOSURE FOR MINERAL PROJECTS

This press release contains disclosure regarding our mineral resources. Mineral resources are not mineral reserves and do not have demonstrated economic viability. Mineral resources may never be converted into reserves. Furthermore, inferred resources are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. Further exploration will be required to upgrade the inferred resources to a higher resource category.



For more information, please contact

Investor Relations
Mega Uranium Ltd.
Richard Patricio, VP Corporate and Legal Affairs
(416) 643-7630
info@megauranium.com
www.megauranium.com


For more information on Mining in Argentina, active companies, projects and operating mines, statistics and much more, please visit our website: http://www.argentinamining.com/

TNR Gold Corp. Closes 10,000,000 Units Private Placement


VANCOUVER, BRITISH COLUMBIA--(Marketwire – Dec. 21, 2009) - TNR Gold Corp. (TSX VENTURE:TNR) ("TNR" or the "Company") and wholly-owned International Lithium Corp. ("ILC") are pleased to announce TNR has closed its non-brokered private placement previously announced on December 8, 2009, which has resulted in gross proceeds to the Company of $3,000,000 (the "Offering").

The offering consisted of the issuance of 10,000,000 units of the Company (the "Units") at a price of $0.30 per unit for gross proceeds of $3,000,000. Each Unit consists of one common share and one-half common share purchase warrant. Each whole warrant entitles the holder to purchase one additional common share of the Company at a price of $0.40 for a period of twenty four months from December 17, 2009. There are no finder's fees payable for the placement.

All securities issued pursuant to this Offering are subject to a 4-month hold period from December 17, 2009.

TNR's Non-Executive chairman Mr. Kirill Klip has subscribed for 5,000,000 units with the remaining 5,000,000 units subscribed for by a strategic energy sector investor.

Proceeds of the Offering will be used to fund the evaluation of TNR's Lithium, other Rare Metals and Rare Earth Elements properties, implement the proposed spin-off of International Lithium Corp. and for general corporate purposes.

ABOUT TNR GOLD CORP./INTERNATIONAL LITHIUM CORP.

TNR is a diversified metals exploration company focused on exploring existing properties and identifying new prospective projects globally. TNR has a total portfolio of 33 properties, of which 16 will be included in the proposed spin-off of International Lithium Corp.

It is anticipated that TNR shareholders of record will receive up to one share and one full tradable warrant of International Lithium Corp. for every 4 shares of TNR held as of the yet determined record date. This will result in TNR shareholders owning shares in both TNR and International Lithium. For further details of the spin-off please refer to TNR's April 27, 2009 news release or visit http://www.internationallithium.com.

The recent acquisition of lithium, other rare metals and rare-earth elements projects in Argentina, Canada, USA and Ireland confirms the company's commitment to generating projects, diversifying its markets, and building shareholder value.

On behalf of the board,

Gary Schellenberg, President

Statements in this press release other than purely historical information, historical estimates should not be relied upon, including statements relating to the Company's future plans and objectives or expected results, are forward-looking statements. News release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company's business, including risks inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.

CUSIP: #87260X 109

SEC 12g3-2(b): Exemption #82-4434



The TSX Venture Exchange does not nor does its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release.


For more information, please contact

TNR Gold Corp.
Gary Schellenberg
President
(604) 687-7551 or 1-800-667-4470
(604) 687-4670 (FAX)
info@tnrgoldcorp.com
www.tnrgoldcorp.com

Calypso Uranium Appoints Jon Thorson as Director


VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 23, 2009) -

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES

Calypso Uranium Corp. (TSX VENTURE:CLP) ("Calypso" or the "Company") is pleased to announce the appointment of Jon Thorson to the board of directors. Mr. Thorson holds a PhD in geology and is a Certified Professional Geologist based in Colorado with over 44 years experience providing geological mapping services, exploration advice and management for major and junior exploration companies in the minerals and petroleum industries. Mr. Thorson is experienced in the interpretation of sedimentary environments and the inter-relation of tectonic activity and stratigraphy and has a broad background in geology, geochemistry, petrology, stratigraphy, paleontology, and structural geology, including 18 years as a consultant and 5 years in petroleum exploration.

Stephen Barley, President of Calypso stated: "Jon Thorson is a respected senior geologist with specific skill sets that will be very beneficial to the Company based on our intention to become increasingly active in 2010. Jon has previously consulted to Calypso and is therefore familiar with both our large mineral properties and our exploration team in Mendoza. He will be an excellent addition to our Board of Directors."

Calypso is an uranium exploration and development company with over 447,000 hectares of highly prospective uranium properties known as the Huemel, Campesino Norte, La Pintada, Rahueco and Central Block located in three separate provinces of Argentina.

CALYPSO URANIUM CORP.

Per:

Stephen Barley, President & CEO

This press release does not constitute an offer to purchase securities. The securities to be offered in the offering have not been and will not be registered under the United States Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold in the United States or to, or for the benefit or account of, a U.S. person, except pursuant to an available exemption from such registration requirements.

This news release may contain forward-looking statements based on assumptions and judgments of management of the Company regarding future events or results. Such statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements. The Company disclaims any intention or obligation to revise or update such statements except as may be required by law.

Shares Outstanding: 50,630,819



Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


For more information, please contact

Calypso Uranium Corp.
Investor Relations
1-604-639-4671
1-604-639-4670 (FAX)
info@calypsouranium.com
http://www.calypsouranium.com/


For more information on Mining in Argentina, active companies, projects and operating mines, statistics and much more, please visit our website: http://www.argentinamining.com/

Valley High Completes Non-Brokered Private Placement for Proceeds of $1.575 Million


VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 24, 2009) - Valley High Ventures Ltd. ("Valley High" or the "Company") (TSX VENTURE:VHV) and Coro Mining Corp. ("Coro") (TSX:COP) are pleased to announce that Valley High has closed its previously announced non-brokered private placement for gross proceeds to the Company of $1,575,000 through the issuance of 3,500,000 units ("Units") Each Unit was priced at $0.45 and comprised one common share and one-half of one transferable common share purchase warrant. Each full warrant entitles the holder to purchase one additional common share of Valley High at a price of $0.65 for a period of 18 months from closing of the private placement.

Further to Coro's new release dated December 22, 2009, Coro subscribed for 3,050,000 Units of Valley High pursuant to the non-brokered private placement.

All securities issued pursuant to the private placement will be subject to a four month hold period under applicable securities laws expiring April 25, 2010. The aggregate net proceeds raised from the issuance of the units under the Company's previously announced brokered offering and this non-brokered offering will be used to fund a proposed exploration program at Cordero and for general working capital purposes.

About Valley High:
Valley High is a Canadian based precious and base metal exploration company with projects located in Mexico, British Columbia and Yukon. The Company's Cordero property in Mexico is being evaluated for large bulk mineable silver, gold, zinc and lead deposits geologically similar to the large Penasquito deposit currently being developed by Goldcorp Inc. Recent drill results from Cordero include the discovery of a new zone at Pozo de Plata wherein drill hole C09-5 returned 152 metres grading 80.64 g/T Ag, 0.61 g/T Au, 1.41% Zinc and 1.22% lead. Levon Resources Ltd. has an option to earn a 51% interest in the project by funding exploration work totaling Cdn. $1,250,000 plus their proportion of the underlying option and property maintenance costs.

The Company's Mount Polley project is located in British Columbia adjacent to Imperial Metals Corp.'s ("Imperial") Mt. Polley copper-gold mine. Valley High has recently optioned its interest in one portion of this property, the 37 hectare Boundary Zone, to Imperial in return for a production royalty. Valley High also has an option to acquire a 100% interest in the Flume gold property in the Yukon which is located within the newly recognized White Gold District some 30 kilometres from the new Golden Saddle discovery of Underworld Resources Inc.

About Coro Mining Corp.:
Coro was founded with the goal of building a mining company focused on medium-sized base and precious metals deposits in Latin America. Coro intends to achieve this through the exploration for, and acquisition of, projects that can be developed and placed into production. Coro's core property is the advanced San Jorge copper-gold project, in Argentina, and the Coro holds other earlier stage exploration properties located in Chile.

VALLEY HIGH VENTURES LTD.VALLEY HIGH VENTURES LTD. CORO MINING CORP.
"Robert Cameron" "Alan Stephens"
Robert Cameron Alan Stephens
President and CEO President and CEO

This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. Such forward-looking statements or information, including but not limited to those with respect to the prices of copper, estimated future production, estimated costs of future production, permitting time lines, involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of Valley High to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such factors include, among others, the actual prices of copper, the factual results of current exploration, development and mining activities, changes in project parameters as plans continue to be evaluated, as well as those factors disclosed in documents filed from time to time with the securities regulators in the applicable Provinces of British Columbia and Alberta.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


For more information, please contact

Valley High Ventures Ltd.
Robert Cameron
President and CEO
(604) 682 5546
http://www.valleyhighventures.com/

or

Coro Mining Corp.
Michael Philpot
Executive Vice-President
(604) 682 5546
investor.info@coromining.com
http://www.coromining.com/



For more information on Mining in Argentina, active companies, projects and operating mines, statistics and much more, please visit our website: http://www.argentinamining.com/

23 dic 2009

Panthera Signs Letter of Intent to Acquire the Laguna Caro Lithium Property


Panthera Exploration Inc. (the "Company") (PNX-TSX.V; PNXLF-OTC; OAY-Frankfurt) is pleased to announce that it has executed a binding Letter of Intent (LOI) to acquire the Salar de la Laguna Caro property in the western part of Salta Province, Argentina. A payment of US$10,000 was made on execution of the LOI.

The property consists of two exploration concessions totaling 3000 ha covering a significant portion of the Salar de la Laguna Caro which Panthera believes has potential to host a lithium bearing, saline brine deposit.

Terms of the LOI provide for an initial 60 day standstill period, during which the Company will conduct a due diligence review of the project. If satisfactory, the Company may elect to negotiate and execute a definitive Option to Purchase Agreement to acquire a 100% interest in the property by making payments comprised of: US$50,000 on signing; US$90,000 after 6 months; and further escalating payments over a 30 month period for an aggregate US$900,000. The vendor will retain a 1% sales royalty which can be purchased by the Company at any time for US$1.0 million.

ON BEHALF OF THE BOARD

"Bruce Winfield"

Bruce Winfield, President & CEO

For further information please contact, Bruce Winfield at 1-800-901-0058 or 604-687-1828, or fax 604-687-1858, or by email info@pantheraexploration.com, or visit the Company's web site at http://www.pantheraexploration.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or the accuracy of this release.

For more information on Mining in Argentina, active companies, projects and operating mines, statistics and much more, please visit our website: http://www.argentinamining.com/

Pan American Silver Increases Ownership of Aquiline Resources to 92.4%


Extended Offers Have Expired

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 22, 2009) - Pan American Silver Corp. ("Pan American") (TSX:PAA)(NASDAQ:PAAS) is pleased to announce that it has been advised by Kingsdale Shareholder Services Inc. (the "Kingsdale") that an additional 5,403,461 common shares (the "Aquiline Shares") of Aquiline Resources Inc. ("Aquiline") (TSX:AQI) have been deposited to Pan American's extended offer to acquire all of the issued and outstanding Aquiline Shares (the "Share Offer") (representing approximately 6.7% of the Aquiline Shares issued and outstanding as of December 22, 2009). Together with the Aquiline Shares owned by Pan American prior to the making of the Share Offer, Pan American, following the take up of Aquiline Shares deposited to the Share Offer to date, owns 74,270,417 Aquiline Shares, representing approximately 92.4% of the Aquiline Shares issued and outstanding as at December 22, 2009.

In addition, Pan American has been advised by Kingsdale that an additional 206,366 of Aquiline's February 2008 series of common share purchase warrants and Aquiline's outstanding convertible debenture have been deposited to Pan American's offers to acquire each outstanding series of Aquiline's common share purchase warrants (the "Aquiline Warrants") and the Aquiline convertible debenture (together with the Share Offer, the "Offers"). As a consequence, Pan American now owns 100% of the outstanding Aquiline Warrants issued in October 2008 and 86.9% of the outstanding Aquiline Warrants issued in February 2008.

All of the conditions to the Offers have been satisfied and, accordingly, Pan American has taken up all Aquiline Securities deposited to the Offers. The Offers expired in accordance with their terms at 9:00 pm (Eastern time) on December 22, 2009.

Since the Share Offer has been accepted by the holders of more than 90% of the Aquiline Shares, Pan American intends to exercise its right to acquire the remaining approximately 6,094,955 outstanding Aquiline Shares pursuant to a compulsory acquisition under the Business Corporations Act (Ontario). Pan American expects to complete the compulsory acquisition within the next 90 days.

About Pan American

Pan American's mission is to be the world's largest and lowest cost primary silver mining company by increasing its low cost silver production and silver reserves. The Company has eight operating mines in Mexico, Peru, Argentina and Bolivia.

About Aquiline

Aquiline is an exploration and development company advancing one of the world's largest undeveloped silver deposits (Navidad), as well as a gold/silver deposit (Calcatreu), both of which are situated in southern Argentina, as well as a gold deposit in Peru (Pico Machay).

Additional Information About The Transaction And Where To Find It


In connection with the proposed transaction, Pan American has filed a registration statement on Form F-80 with the United States Securities and Exchange Commission (the "SEC"), including the take-over bid circular (which constitutes the "prospectus" for U.S. federal securities law purposes), letters of transmittal, notice of guaranteed delivery and other information relating to the Offers, including a notice of variation and extension filed on an Amendment No. 1 to the Form F-80. Investors and security holders are urged to read these documents and any other relevant documents filed by Pan American with the SEC, as well as any amendments or supplements to these documents because they will contain important information. Investors and security holders may obtain these documents free of charge at the SEC's website at www.sec.gov. In addition, the documents filed with the SEC by Pan American may be obtained free of charge by directing such request to: Kingsdale Shareholder Services at 1-888-518-6824 or from Pan American's website at www.panamericansilver.com. Investors and security holders are urged to read these documents before making any investment decision with respect to the proposed transaction. Security holders who have questions about the Offers can also contact Kingsdale. Kingsdale has been retained by Pan American to act as Information Agent for the Offers.

This communication shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.

Cautionary Note Regarding Forward-Looking Statements

Certain of the statements and information in this news release constitute "forward looking statements" within the meaning of the United States' Private Securities Litigation Reform Act of 1995 and "forward looking information" within the meaning of applicable Canadian provincial securities laws relating to Pan American, Aquiline and their respective operations. All statements, other than statements of historical fact, are forward looking statements. These forward looking statements or information relate to, among other things: the prospects for the compulsory acquisition of the remaining Aquiline Shares that are not owned by Pan American. These statements reflect the current views of Pan American with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by Pan American are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward looking statements contained in this news release and Pan American has made assumptions based on or related to many of these factors. Such factors include without limitation: the fluctuations in spot and forward markets for silver, gold, base metals and certain other commodities (such as natural gas, fuel oil and electricity); fluctuations in currency markets (such as the Argentine peso, Peruvian sol, Mexican peso and Bolivian boliviano versus the U.S. dollar); risks related to the technological and operational nature of Pan American and Aquiline's businesses, respectively; changes in national and local government, permitting, legislation, taxation, controls or regulations and political or economic developments in Canada, the United States, Argentina, Mexico, Peru, Bolivia or other countries where Pan American and Aquiline may carry on business in the future; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected geological or structural formations, pressures, cave-ins and flooding); inadequate insurance, or inability to obtain insurance, to cover these risks and hazards; employee relations; availability and increasing costs associated with mining inputs and labor; the speculative nature of mineral exploration and development, including the risks of obtaining necessary licenses and permits; diminishing quantities or grades of mineral reserves as properties are mined; global financial conditions; business opportunities that may be presented to, or pursued by Pan American or Aquiline; Pan American's ability to complete and successfully integrate acquisitions; challenges to Pan American's or Aquiline's title to properties; litigation, the actual results of current exploration activities, conclusions of economic evaluations, and changes in project parameters to deal with unanticipated economic or other factors; discrepancies between actual and estimated production, price volatility, increased competition in the mining industry for properties, equipment, qualified personnel, and their costs; and those factors identified under the captions "Business Combination Risks" in the take-over bid circular and "Risks Related to Pan American's Business" in Pan American's most recent Form 40-F and annual information form filed with the SEC and Canadian provincial securities regulatory authorities and those factors identified under the caption "description of business - risk factors" in Aquiline's annual information form filed with certain Canadian provincial securities regulatory authorities and elsewhere in Aquiline documents filed from time to time with applicable regulatory authorities. Investors are cautioned against attributing undue certainty or reliance on forward-looking statements. Although Pan American has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described or intended. Pan American does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements or information, other than as required by applicable law.



For more information, please contact

Pan American Silver Corp.
(604) 684-1175
www.panamericansilver.com
or
Aquiline Resources Inc.
(416) 599-4133
www.aquiline.com

For more information on Mining in Argentina, active companies, projects and operating mines, statistics and much more, please visit our website: http://www.argentinamining.com/

22 dic 2009

Minera IRL Acquisition of Hidefield Effective


LONDON, UNITED KINGDOM and LIMA, PERU--(Marketwire - Dec. 21, 2009) - Minera IRL (AIM:MIRL)(BVLAC:MIRL) and Hidefield are pleased to announce that further to the announcement released on 20 October 2009, all of the conditions to the scheme of arrangement ("Scheme") between Hidefield and its shareholders have been satisfied and the Scheme has become effective as of today.

The key assets in this transaction are the Don Nicolas Project where approximately 360,000 ounces of gold has been defined and a large exploration holding of some 250,000 hectares containing a number of promising exploration prospects. These are located in the mining friendly state of Santa Cruz in Southern Argentina.

Courtney Chamberlain, Executive Chairman of Minera IRL stated: "The completion of the Hidefield transaction provides Minera IRL with an excellent opportunity to extend its business of gold mining, development and exploration into Argentina. We believe there is excellent potential to extend the resource base at the Don Nicolas Project and to advance this project rapidly toward development. To achieve this, and also explore for new discoveries within this emerging gold district, the Minera IRL Board has approved a substantial budget of approximately US$5 million for 2010. The Board of Directors will also be strengthened with the inclusion of Kenneth Judge, the former Chairman of Hidefield. I extend him a warm welcome."

In accordance with the Scheme, a total of 9,767,291 new shares of Minera IRL ("New Minera Shares") were issued today to Hidefield Shareholders on the register at 6.00 p.m. (UK) on 17 December 2009 ("Scheme Shareholders") on the basis of 1 New Minera Share for every 42 Scheme Shares held at that time. The New Minera Shares will rank pari passu with the existing issued ordinary shares of Minera IRL and trading of these shares on AIM is expected to commence at 8:00 a.m. (UK) on 22 December 2009.

The total number of Minera IRL ordinary shares in issue following this issue is 85,575,173.

The CREST accounts of Scheme Shareholders holding Scheme Shares in uncertificated form are expected to be credited on 22 December 2009. Share certificates for the New Minera Shares will be dispatched to Scheme Shareholders holding Scheme Shares in certificated form on or before 5 January 2010.

Hidefield Shares are currently suspended from trading on AIM and Hidefield has applied for their admission to AIM to be cancelled on 22 December at 7:00 a.m. (UK). Euroclear UK & Ireland Limited, as operator of the CREST system, will be instructed to cancel Scheme Shareholders' entitlements to Scheme Shares held in uncertificated form. All certificates representing Scheme Shares have ceased to be valid.

Any term used but not defined in this announcement is as defined in the scheme document sent to shareholders of Hidefield on 3 November 2009.

Minera IRL Limited ("MIRL") is the AIM and BVL, Lima, Peru listed holding company of precious metals mining and exploration companies focused in Latin America. MIRL is led by an experienced senior management team with extensive industry experience, particularly in operating in South America. The Group operates the Corihuarmi Gold Mine and the emerging Ollachea Gold Project in Peru.

www.minera-irl.com



For more information, please contact

Minera IRL
Courtney Chamberlain
Executive Chairman
+511 4181230
or
Minera IRL
Trish Kent
Vice President, Corporate Relations
+511 4181230
or
Hidefield
Ken Judge, Chairman
+44 (0) 7733001002
or
Arbuthnot Securities (Nominated Adviser & Broker to Minera
IRL, London), John Prior
+ 44 (0)20 7012 2000
or
Arbuthnot Securities (Nominated Adviser & Broker to Minera
IRL, London), Edward Burbidge
+ 44 (0)20 7012 2000
or
Fox-Davies Capital (Co-broker to Minera IRL London)
James Hehn
+ 44 (0)20 7936 5200
or
Westhouse Securities (Financial Adviser, Nominated Adviser &
Broker to Hidefield), Tim Feather or Matthew Johnson
+44 (0)20 7601 6100
or
Bankside Consultants (Financial PR, London)
Simon Rothschild
+ 44 (0)20 7367 8888
or
Bankside Consultants (Financial PR, London)
Louise Mason
+ 44 (0)20 7367 8888
or
Synergy Asociados (Public Relations, Lima)
Magaly Villena
+ 511 628 6300 or + 511 99855 2232


For more information on Mining in Argentina, active companies, projects and operating mines, statistics and much more, please visit our website: http://www.argentinamining.com/

21 dic 2009

Golden Minerals Announces Additional El Quevar Drill Results and Initial Drill Results for Panuco Project




GOLDEN, CO--(Marketwire - December 18, 2009) - Golden Minerals Company (TSX: AUM) (PINKSHEETS: GDMN) ("Golden Minerals" or "the Company") is pleased to provide additional drill results from its 2009 drill program at the El Quevar silver project in northwestern Argentina. Results from an initial reconnaissance drill test at the Company's Panuco silver-gold project in the Zacatecas District in Mexico are also being provided.

EL QUEVAR PROJECT

The Company has recently completed a 50 hole diamond core drilling program totaling about 12,200 meters that is an extension of the program previously reported in our news release dated July 29, 2009. Four drills were utilized during the drilling program. The drill program was focused on providing infill drill intercepts in the central area and defining strike extensions of the high-grade Yaxtché mineralized zone to support an updated resource estimation and provide information for preliminary engineering studies. The recent drill program is part of the Company's ongoing exploration program at the El Quevar project. A total of approximately 38,100 meters in 191 holes have been drilled to date. Of the 171 holes for which assays have been received, 121 holes intersected greater than 100 gram per tonne silver mineralization.

Selected drill results not previously reported are shown in the table below.

























(*) - Drill holes from previous program; results not previously reported
Drill intercept lengths are down-hole lengths reflecting apparent widths of mineralization with true widths ranging from 75% to 90% of the reported down-hole lengths.

A drill hole location map and listing of all drill intercepts for the holes at El Quevar for which we have received and verified results are available at http://www.goldenminerals.com/.

The El Quevar project is located in Salta Province in northwestern Argentina, where the Company controls mineral and surface rights to approximately 64,200 hectares. Golden Minerals' exploration activities and the majority of drilling to date have been concentrated on the Yaxtché structure, an east-west trending, northerly dipping zone of mineralization hosted in volcanic and intrusive rocks of Tertiary age. The Yaxtché zone is located on mining claims that are part of a joint venture with Hochschild Mining. Golden Minerals has earned a 65% interest in the joint venture and can increase this interest to 80% by completing a feasibility study by year-end 2010 and commencing production by year-end 2012.

The current infill program achieved nominal spacing of approximately 25 to 30 meters for intercepts in the main zone and 50 to 100 meters on the east and west extensions. The drill holes are generally angle holes oriented perpendicular to the interpreted trend of the mineralized zone. Prior to the current drilling program, the Yaxtché mineralized zone had been defined along about 725 meters of strike length, and to a depth of 150 to 250 meters down-dip. The current drilling has confirmed that the Yaxtché mineralization continues at least 950 meters west of the previously defined central zone. Drill holes QVD-079 and -080, reported previously, have confirmed that the Yaxtché zone also extends at least 600 meters east of the central zone. The total strike length of the Yaxtché zone is now more than 2.2 kilometers, remaining open laterally and at depth.

The Company has also identified, but not yet tested, additional target areas on the El Quevar project area. An initial nine hole drilling program totaling approximately 630 meters was conducted on the Viejo Campo target, located about six kilometers to the north of the Yaxtché zone. Silver intersections from the drilling program included 7.8 meters with 200 grams per tonne and 1.9 meters with 395 grams per tonne. An additional program of drilling designed to test the structures at greater depth is planned for early 2010.

PANUCO PROJECT, ZACATECAS, MEXICO

In addition to work at the El Quevar project, the Company continues to advance several other projects located in Mexico, Peru and Chile. We have completed a 10 hole drill test of our Panuco silver-gold target, located north of the city of Zacatecas, Mexico, with encouraging initial results. The Panuco area is one of several targets identified within our 14,900 hectare property holdings in the area.

The Panuco target area is comprised of two main veins hosted in sedimentary rocks that outcrop for an aggregate of about five kilometers in a northwesterly direction. Vein widths range from one to three meters. Several small pits indicate mining of high-grade silver from oxidized surface rocks during Colonial times. There has been no modern exploration at Panuco. The Company has mapped the area in detail and collected approximately 400 samples from the veins and wall rocks. The sample results indicated silver values in the range of 30 to 500 grams per tonne with gold values in the trace to 2.5 grams per tonne range.

The initial ten holes, totaling about 2,300 meters, were drilled on horizontal spacing of 100 meters or more in order to obtain a generalized test of the veins over a broad area. Four holes have been drilled on the Tres Cruces vein and six on the Panuco vein. Once areas of significant interest are identified, the Company plans to drill more closely spaced holes to better define the mineralization. Six out of the ten holes drilled had silver and gold mineralization, with silver values in the mineralized intercepts ranging from 0.84 meters at 63 grams per tonne to 1.7 meters at 1,588 grams per tonne. Gold values in the mineralized holes ranged from 0.16 to 1.27 grams per tonne. All drill intercepts for the holes at Panuco for which we have verified results will be available at http://www.goldenminerals.com/.

Review by Qualified Person, Quality Control and Reports

Results of the Company's drilling programs reported in this press release have been reviewed, verified, and compiled under the direction of the Company's Senior Vice President of Exploration, Robert Blakestad, M.Sc., P.Geo, L.P.G.; a Qualified Person for the purpose of National Instrument 43-101. Mr. Blakestad has over 35 years of mineral exploration experience, is a Professional Geoscientist registered in Nova Scotia and a Licensed Professional Geologist in the state of Washington.

To ensure reliable sample results, Golden Minerals has a QA/QC program in place that monitors the chain-of-custody of samples and includes the insertion of blanks, duplicates, and certified reference standards in each batch of samples. Core is photographed and sawn in half with one half retained in a secured facility for verification purposes.

About Golden Minerals

Golden Minerals is a Delaware corporation based in Golden, Colorado, primarily engaged in the advancement of its exploration projects and in providing mine management services. The Company has a portfolio of 35 exploration projects, primarily located in Argentina, Peru and Mexico, including the advanced stage El Quevar project in the Salta Province of northwestern Argentina. The Company's experienced management team has proven in house ability to explore, develop and operate mining projects. Golden Minerals operates the San Cristóbal mine in Bolivia for Sumitomo Corporation under a Management Services Agreement.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act, including statements regarding the exploration results and programs at the El Quevar and Panuco projects, results and interpretation of results of exploration activities, planned commencement of a pre-feasibility study at El Quevar, the possibility of earning an additional interest in El Quevar and planned exploration activities. These statements are subject to risks and uncertainties, including financial market conditions, increases in costs of materials and supplies used in mining and exploration activities, future results of exploration at El Quevar and Panuco, variations in ore grade and types, fluctuations in the prices of silver, gold and other metals, technical and permitting issues, and the ability and success of the Company in raising adequate capital. Golden Minerals Company assumes no obligation to update this information. Additional risks relating to Golden Minerals Company may be found in the periodic and current reports filed with the Securities Exchange Commission by Golden Minerals Company, including the Annual Report on Form 10-K of its predecessor for reporting purposes, Apex Silver Mines Limited, for the year ended December 31, 2008.

For additional information please visit http://www.goldenminerals.com/ or contact:
Golden Minerals Company
Jerry W. Danni
(303) 839-5060
Sr. Vice President Corporate Affairs


For more information on Mining in Argentina, active companies, projects and operating mines, statistics and much more, please visit our website: http://www.argentinamining.com/

Troy Secures Right to Earn 100% Interest in the Castano Nuevo Low Sulphidation Epithermal Project Located 22km North of the Casposo Mine, San Juan Pro


PERTH, WESTERN AUSTRALIA--(Marketwire - Dec. 20, 2009) - Troy Resources NL ("Troy") (TSX:TRY)(ASX:TRY) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES FOR OF DISSEMINATION IN THE UNITED STATES

HIGHLIGHTS

- Troy secures deal to acquire the historic Castano Nuevo high grade, low sulphidation epithermal gold -silver vein project located 22km to the northeast of the Casposo Mine.

- Troy has entered into an earn-in option agreement with the owners of the Castano Nuevo Property whereby Troy can earn a 100% interest in the project through a series of staged cash payments and in-ground exploration expenditures totaling USD$1.1M over 4 years. The project is one of the best outcropping, low sulphidation epithermal vein occurrences in the Casposo District outside Troy's existing tenements and within trucking distance of the Casposo Mill.

Troy Resources NL ("Troy") is pleased to announce that it has entered into an earn-in option agreement with the owners of the Castano Nuevo Property whereby Troy can earn a 100% interest in the project through a series of staged cash payments and in-ground exploration expenditures totalling USD$1.1M over a 4 year period. Troy's first year commitment includes in-ground exploration expenditure of US$100,000 as well as cash payments totaling US$100,000.

Commenting on the deal Troy's CEO, Paul Benson, said: "This is an exciting and significant step as it is Troy's first exploration play in Argentina outside of the Casposo leases. Importantly, with its close proximity to Casposo, we can leverage our infrastructure and local knowledge to quickly assess the project's potential.

"With this deal we have secured the rights to explore and develop the Castano Nuevo Project which, in our view, represents one of the best outcropping low-sulphidation epithermal vein occurrences in the Casposo district outside our existing tenements. Being within trucking distance of our Casposo Mill, the project has potential as a satellite ore source to supplement our current Resource and Reserve inventory and extend the Casposo Life of Mine production.

"Exploration will commence in early 2010 with a detailed geological mapping and rock sampling program that will be followed by drilling later in the year".

The Castano Nuevo Property comprises a series outcropping, gold and silver bearing low sulphidation epithermal quartz-amethyst-adularia veins which were first discovered in 1885. This historic high grade gold-silver vein district is located 22km to the northeast; about 45km by road from Troy's Casposo plant site (see Figure 1).

CASTANO NUEVO PROPERTY

During the late 1800s the Dios Protege, San Antonio, Andacollo, San Pedro and San Agustin Mines, were operated by the London Registered Rio Del Oro Mining Company. A 1914 Argentina government Census report noted that the site saw continuous production over a 20 year period through 1914 and in 1909, 2200 tons of ore were treated, which produced 62,693g of gold (2,106oz gold) and 381,222g of silver (12,256oz silver), giving an average of 28 gold grams (recovered) per ton.

The most recent exploration in the area was undertaken between 1997 and 2005 by two junior explorers. Both programs included geological mapping, rock sampling, geophysical surveys (magnetics and Induced Polarization) as well as limited shallow drilling.

Like Casposo to the south, the Castano Nuevo Project is situated within a northwest – southeast trending regional structural corridor. The low sulphidation vein system is genetically very similar to the Casposo Deposit (see Photos 1 and Photo 2).

At surface the veins, with the exception of the main historic producer (Dios Protege), are narrow ( less than 1.5m) and low grade (2g/t gold) but historic surface rock grab sampling has produced values of up to 30g/t gold and 50g/t silver. The veins form a north trending open fan pattern over strike lengths of up to 700m, with vein widths ranging from 1m up to 5m.

This vein system is hosted in propylitic altered and locally silicified andesite. The veins have been dated at 265Ma, which is about 15Ma younger than the Casposo veins.

An area of advanced argillic altered siliceous tuffs and hydrothermal milled breccias, with minor vuggy silica occur above the veins. This area is interpreted as a silicified cap "high level hot springs style alteration" that is broadly similar to the Rosarita Hill style alteration near Casposo. The current interpretation of the presence of the silicified cap suggests that the Castano Nuevo outcropping veins represent a high level expression of a low sulphidation epithermal system with good exploration potential.

Information of a scientific or technical nature in this report was prepared under the supervision of Peter J. Doyle, Vice President Exploration and Business Development of Troy, a "qualified person" under National Instrument 43-101 – "Standards of Disclosure for Mineral Projects", a member of the Australasian Institute of Mining and Metallurgy. Mr. Doyle has sufficient experience, which is relevant to the style of mineralisation and type of deposit under consideration, and to the activity he is undertaking, to qualify as a "competent person" as defined in the 2004 edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves". Mr. Doyle has reviewed and approved the information contained in this report. For further information regarding the Casposo project, including a description of quality assurance programs, quality control measures, the geology, samples collection and testing procedures in respect of the Casposo project please refer to the technical report entitled Troy Resources NL: Casposo Project, Argentina" dated June 2009, which is available under the Company's profile at www.sedar.com.

This report contains forward-looking statements. These forward-looking statements reflect management's current beliefs based on information currently available to management and are based on what management believes to be reasonable assumptions. A number of factors could cause actual results, performance, or achievements to differ materially from the results expressed or implied in the forward looking statements. Such factors include, among others, future prices of gold, the actual results of current production, development and/or exploration activities, changes in project parameters as plans continue to be refined, variations in ore grade or recovery rates, plant and/or equipment failure, delays in obtaining governmental approvals or in the commencement of operations.

To view the maps and photos accompanying this release please click on the following link: http://media3.marketwire.com/docs/try1220mps.pdf

ABN 33 006 243 750

For more information, please contact

Troy Resources NL
Paul Benson
Chief Executive Officer
(61 8) 9481 1277
troy@troyres.com.au
www.try.com.au
or
Purple Communications
Annette Ellis / Warrick Hazeldine
Media Relations
(61 8) 6314 6399
aellis@purplecom.com.au


For more information on Mining in Argentina, active companies, projects and operating mines, statistics and much more, please visit our website: http://www.argentinamining.com/

G4G Resources Concludes Agreement to Acquire Geothermal Property in Salta Province, Argentina


VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 18, 2009) - G4G Resources Ltd. (TSX VENTURE:GXG) announces that it has entered into an agreement with Area Geofisica ENG s.a. (AG) to acquire 100% of the Anetta geothermal property located in the province of Salta, Argentina. Details of the agreement will be forthcoming upon completion of due diligence.

The Anetta property covers an area of 6,555 hectares and is located 170 kilometres south of the city of Salta, which is the capital of the province of Salta. In close proximity to Anetta is the city of Rosario de la Frontera, which has population of approximately 30,000.

"G4G Resources is extremely pleased with the agreement to acquire the Anetta geothermal property," stated Basil Botha, President & CEO. The property is adjacent to established electricity lines and roads, and close to markets for power. We look forward to developing the project to its full potential."

Based on previous work that has been conducted, Anetta is characterized by surface occurrences of hot water, with temperatures at surface ranging from 50 degrees C to 99 degrees C. Geothermometers indicate reservoir temperatures in the range of 150 degrees C to 170 degrees C.

Following completion of the acquisition, G4G will commence a field program to verify the geothermal capacity of the Anetta property, with a view to developing a geothermal power project.

The acquisition is subject to approval by the TSX Venture Exchange.

G4G also announces that it will not pursue the definitive agreement to acquire a 90% interest in a geothermal property in the province of San Juan, Argentina under the Letter of Intent announced on September 8, 2009.

About G4G Resources

G4G Resources is a Canadian-based mineral exploration and development company focused on a number of resource projects, including iron sands, alternative fuels and geothermal power.

Forward-Looking Statement

This document may contain or refer to forward-looking information based on current expectations, including, but not limited to timing of mineral resource estimates, future exploration or project development programs and the impact on the Company of these events. Forward-looking information is subject to significant risks and uncertainties, as actual results may differ materially from forecasted results. Forward-looking information is provided as of the date hereof and we assume no responsibility to update or revise them to reflect new events or circumstances. For a detailed list of risks and uncertainties, as it relates to G4G Resources Ltd., please refer to the Company's 2008 Annual Report filed with SEDAR on April 23, 2009.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


For more information, please contact

G4G Resources Ltd.
Basil Botha
President & CEO
604-602-9868
ir@g4g4resources.com
www.g4gresources.com

For more information on Mining in Argentina, active companies, projects and operating mines, statistics and much more, please visit our website: http://www.argentinamining.com/

Minera IRL Limited Appoints Kenneth Judge as Non-Executive Director


LONDON, UNITED KINGDOM and LIMA, PERU--(Marketwire - Dec. 21, 2009) - Minera IRL Limited ("Minera IRL" or the "Company") (AIM:MIRL)(BVLAC:MIRL) is pleased to announce today's appointment of Kenneth Judge to the board as a Non-Executive Director.

Courtney Chamberlain, Executive Chairman of Minera IRL commented:

"I am pleased to welcome Ken Judge to the Board. His extensive corporate experience in the mining industry will provide valuable assistance to the Minera IRL Board.

The successful acquisition of Hidefield Gold plc (of which Ken Judge was the Executive Chairman), provides Minera IRL with a well established advanced project in the exciting Santa Cruz gold region of Argentina and diversifies our project portfolio further within Latin America."

Mr. Judge has extensive business management experience having held a number of public company directorships and more recently having been engaged in the establishment or corporate restructure of technology, mining and oil and gas companies in Australia, the UK, US, Brazil, Argentina, Canada and the Philippines.

Mr. Judge completed degrees in Commerce, Jurisprudence and Law at the University of Western Australia before qualifying as a Barrister and Solicitor specialising in international mergers and acquisitions law. Mr. Judge is a resident of Monaco where he is involved in private investment and restructuring technology, resource and oil and gas companies.

Further information on Kenneth Judge

Kenneth Peter Judge, aged 54, has a beneficial interest in 1,389,062 ordinary shares in the Company representing 1.62 per cent. of the issued ordinary share capital of Minera IRL.

Mr. Judge is, or has been within the previous five years, a director of the following companies:

Current Directorships or partnerships Past Directorships held within the last five years
18 Brechin Place Limited Block Shield Corporation
Agett Investments Pty Ltd Columbus Gold Corporation
Alto Ventures Limited Columbus Silver Corporation
Brazilian Diamonds Limited Empire International Mining Corp
Carnarvon Petroleum Ltd Empire Mining Corporation
Euphrates Petroleum Inc Forum Uranium Corp
Euphrates Petroleum Inc. Hidefield Gold Limited
Euphrates Petroleum Ltd Latin America Minerals Inc
Gulfsands Petroleum Iraq Ltd Piper Capital Inc
Gulfsands Petroleum Ltd
Gulfsands Petroleum plc
Gulfsands Petroleum Syria Ltd
Hamilton Capital Partners Ltd
Hamilton Marine Ltd
Hamilton Property Holdings (Brazil) Limited
Hamilton Resource Group
Iraq Holdings Inc
Iraq Holdings Ltd (BVI)
Iraq Holdings Ltd (UK)
Karratta Pty Ltd
Marinaside Developments Inc
Medcenter Holdings Inc.
Rio Gold Limited

There are no other matters which are required to be announced with regard to this appointment under paragraph (g) of Schedule Two of the AIM Rules.

Minera IRL Limited ("MIRL") is the AIM and Lima, Peru listed holding company of precious metals mining and exploration companies focused in Latin America. MIRL is led by an experienced senior management team with extensive industry experience, particularly in operating in South America. The Group operates the Corihuarmi Gold Mine and the emerging Ollachea Gold Project in Peru.

http://www.minera-irl.com/


For more information, please contact

Minera IRL
Courtney Chamberlain
Executive Chairman
+511 4181230
or
Minera IRL
Trish Kent
Vice President, Corporate Relations
+511 4181230
or
Arbuthnot Securities (Nominated Adviser & Broker, London)
John Prior
+ 44 (0)20 7012 2000
or
Arbuthnot Securities (Nominated Adviser & Broker, London)
Edward Burbidge
+ 44 (0)20 7012 2000
or
Fox-Davies Capital (Co-broker, London)
James Hehn
+ 44 (0)20 7936 5200
or
Bankside Consultants (Financial PR, London)
Simon Rothschild
+ 44 (0)20 7367 8888
or
Bankside Consultants (Financial PR, London)
Louise Mason
+ 44 (0)20 7367 8888
or
Synergy Asociados (Public Relations, Lima)
Magaly Villena
+ 511 628 6300 or + 511 99855 2232


For more information on Mining in Argentina, active companies, projects and operating mines, statistics and much more, please visit our website: http://www.argentinamining.com/

18 dic 2009

Gold Resource Corporation Closes $16 Million Private Placement With Hochschild Mining to Accelerate Underground Development


DENVER, CO--(Marketwire - December 18, 2009) - Gold Resource Corporation (GRC) (OTCBB: GORO) (FRANKFURT: GIH) is pleased to announce that Hochschild Mining plc (Hochschild) has invested $16 million in a private placement, purchasing 1,954,795 restricted shares of GRC's common stock with no warrants. Funding will be used at GRC's Aguila Project in the state of Oaxaca, Mexico. Commissioning of the El Aguila mill is underway and concentrate production is anticipated soon. Hochschild is a leading mid-tier precious metals producer and expert underground miner, based in Lima, Peru and listed on the London Stock Exchange. Hochschild has mining operations and projects in five countries in the Americas including Mexico. This placement has increased Hochschild's total holding in Gold Resource Corporation to approximately 27%.

Of the total $16 million funding, $8 million will be used at the El Aguila Project for working capital during commissioning, training and start-up and continued construction of the Phase 2 tailings facility. The remaining $8 million will be used exclusively for the acceleration of the Arista underground mine development.

William W. Reid, President of Gold Resource Corporation, said, "We are pleased Hochschild is supportive of our need to accelerate the underground development. We must have the Arista underground mine developed sufficiently over the next twelve months to deliver sustainable polymetallic vein ore to the mill on a daily basis by the time the open pit mine is finished. If we had to rely solely on the ramping up of sufficient cash flow this important aspect of the project could have been delayed. The previous $4 million escrowed for exploration and underground development, of which $3.5 million remains, will now be used solely for exploration."

Mr. Reid stated, "We are pleased to have the continued support and financial assistance of Hochschild Mining as we make the transition from an explorer to producer. Hochschild continues to assist us in many ways, in addition to financial support, which has been much appreciated."

Mr. Reid continued, "Our exploration this past year has doubled the Project's mine life to an estimated 9 years and has showed us tremendous upside potential beyond that. We have navigated and adjusted to the demands of project construction and are excited to be joining the ranks of a producer during this time of historic gold prices. Equally as important is the $8 million for accelerated underground development of the Arista deposit so the Company can make a seamless transition from the Project's El Aguila open pit mining in year one to La Arista underground mining in year two and beyond."

About GRC:

Gold Resource Corporation is a mining company focused on production and pursuing development of gold and silver projects that feature low operating costs and produce high returns on capital. The Company has 100% interest in five potential high-grade gold and silver properties in Mexico's southern state of Oaxaca. The company has 48,050,284 shares outstanding and no warrants. For more information, please visit GRC's website, located at www.Goldresourcecorp.com and read the Company's 10-K for an understanding of the risk factors involved.

About Hochschild Mining plc:

Hochschild Mining plc is a leading precious metals company listed on the London Stock Exchange (HOCM.L / HOC LN) with a primary focus on the exploration, mining, processing and sale of silver and gold. Hochschild has over forty years' experience in the mining of precious metal epithermal vein deposits and currently operates four underground epithermal vein mines, three located in southern Peru, one in southern Argentina and one open pit mine in northern Mexico. Hochschild also has numerous long-term prospects throughout the Americas.

Hochschild Mining plc, and its affiliates do not accept responsibility for the use of project data or the adequacy or accuracy of this release.

This press release contains forward-looking statements that involve risks and uncertainties. The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. When used in this press release, the words "plan", "target", "anticipate," "believe," "estimate," "intend" and "expect" and similar expressions are intended to identify such forward-looking statements. Such forward-looking statements include, without limitation, the statements regarding Gold Resource Corporation's strategy, future plans for production, future expenses and costs, future liquidity and capital resources, and estimates of mineralized material. All forward-looking statements in this press release are based upon information available to Gold Resource Corporation on the date of this press release, and the company assumes no obligation to update any such forward-looking statements. Forward-looking statements involve a number of risks and uncertainties, and there can be no assurance that such statements will prove to be accurate. The Company's actual results could differ materially from those discussed in this press release. In particular, there can be no assurance that commercial production at the El Aguila Project will be achieved in the time frames estimated, at the rates and costs estimated, or even at all. Factors that could cause or contribute to such differences include, but are not limited to, those discussed in the company's 10-K filed with the Securities and Exchange Commission

Contact:
Jason Reid
VP / Corporate Development
303-320-7708



For more information on Mining in Argentina, active companies, projects and operating mines, statistics and much more, please visit our website: http://www.argentinamining.com/

17 dic 2009

Coro Receives $1,008,000 From Exercise of Warrants From Benton Resources Inc.


VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 16, 2009) - Coro Mining Corp. ("Coro" or the "Company") (TSX:COP) is pleased to announce that its major shareholder, Benton Resources Corp. ("Benton"), has exercised 5,600,000 warrants at an exercise price of $0.18.

The proceeds from the exercise of warrants will be used for working capital purposes including advancing the San Jorge project in Mendoza, Argentina where the Company previously announced the positive conclusions from the Independent Review of the San Jorge project by National Technological University ("UTN") of Mendoza. The Environmental Impact Study ("EIS") is currently subject to a review by various governmental organizations in Mendoza. This review is nearing completion and will be followed by a formal public hearing. The EIS will then be considered for approval by the Mendoza provincial government and if approved, submitted for ratification by the provincial legislature. The Company anticipates that this process will be completed in the first quarter of 2010.

As announced in its April 22, 2008 press release, the Company has completed an independent Preliminary Economic Assessment ("PEA") of the San Jorge Project which contemplates the production of an average of 39,500 metric tonnes per year of copper and 39,000 ounces per year of gold contained in concentrate for a period of 16 years. The PEA concluded that the project would require an initial investment of $277 million, and at prices of $2.00/ lb copper and $600 per ounce of gold, would have an after tax NPV (10%) of $220 million and an IRR of 28.6%. Upon the approval of the EIS the Company will look to fast track the project through the completion of a definitive feasibility study.

For a full update on the Company's San Jorge project and its other exploration properties, the Company encourages interested parties to review its new corporate presentation available on its website at www.coromining.com.

Alan Stephens, President and CEO, commented, "The Company appreciates the continuing support of its largest shareholder, Benton Resources Inc., and the early exercise of these warrants is testament to the confidence that Coro and its major shareholder have in the permitting process in Mendoza."

CORO MINING CORP.

Alan Stephens President and CEO

About Coro Mining Corp.:

The Company was founded with the goal of building a mining company focused on medium-sized base and precious metals deposits in Latin America. The Company intends to achieve this through the exploration for, and acquisition of, projects that can be developed and placed into production. Coro's core property is the advanced San Jorge copper-gold project, in Argentina, and the Company holds other earlier stage exploration properties located in Chile.

This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. Such forward-looking statements or information, including but not limited to those with respect to the prices of copper, estimated future production, estimated costs of future production, permitting time lines, involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such factors include, among others, the actual prices of copper, the factual results of current exploration, development and mining activities, changes in project parameters as plans continue to be evaluated, as well as those factors disclosed in the Company's documents filed from time to time with the securities regulators in the Provinces of British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, New Brunswick, Nova Scotia, Prince Edward Island and Newfoundland and Labrador.



For more information, please contact

Coro Mining Corp.
Michael Philpot
Executive Vice-President
(604) 682 5546
investor.info@coromining.com
www.coromining.com



For more information on Mining in Argentina, active companies, projects and operating mines, statistics and much more, please visit our website: http://www.argentinamining.com/