Selwyn Resources Ltd. advises that it has completed its technical due diligence activities for the ScoZinc Limited assets. Selwyn and Acadian Mining Corporation (“Acadian”) have mutually agreed to extend the deadline to complete the transaction to May 31, 2011. The transaction provides Selwyn the right to acquire the zinc and lead assets of Acadian for a cash consideration of $Cad10 million. [Read more...]
Selwyn Resources Ltd.: Closing of the Acquisition of the Assets of ScoZinc Extended to May 31, 2011
Filed Under: Lead Mining, Mining Market, Zinc Mining Tagged With: ScoZinc, Selwyn Project, Selwyn Resources, zinc
Formation Metals’ Mexican Subsidiary Acquires Central Core Land Position on El Milagro Silver Project
Formation Metals Inc. is pleased to announce that its 100% owned Mexican subsidiary, Minera Terranova, S.A. de C.V. has recently acquired a central core land package that is surrounded by its 100% owned Mexican silver / lead / zinc El Milagro Project. The Company has been working towards gaining control of the entire land package for over five years and its acquisition is fortuitous considering current silver prices. Initial stages of review are now in progress and existing data is being compiled to develop a systematic surface sampling and mapping program which will delineate future potential drill targets. [Read more...]
Filed Under: Lead Mining Tagged With: El Milagro Silver Project, Formation Metals Inc