The thoughts of millions of ice hockey fans turned to silver this week - more specifically, to the nearly 35 pounds of silver in the National Hockey League's Stanley Cup, the century-old championship symbol of professional hockey. The Los Angeles Kings ultimately lifted high the iconic trophy made of sterling silver.
MAX Resource Corp. has completed eight holes (872 meters) of the Phase III core drilling program at its Majuba Hill silver/copper/gold project in Nevada. Of these eight holes, the first hole (MM-21) was drilled to a depth of 351 m and tested the southeast extension of near-surface high-grade supergene oxide mineralization identified by Max at the historic Majuba Hill mine during 2011. The remaining seven holes followed up on the discovery hole (MM-18) at the DeSoto zone 1.4 km to the northwest, where MAX intercepted 29.2 m of 98.3 g/t Ag silver equivalent ("AgEq").
Oremex Silver announced that it has released encouraging results from a surface outcrop sampling campaign carried out at the El Doctor zone, located in the San Lucas silver project. Surface sampling was not formerly performed at the El Doctor zone.
Mirasol Resources has declared that a 2,600 m of diamond drilling campaign has been completed at the Rio Seco gold-silver vein prospect, which is a part of the Claudia project situated near the Cerro Vanguardia gold mine.
Boxxer Gold Corp. is pleased to provide an update on drilling activities at its East Breccia copper-molybdenum-silver project located in the Sault Ste. Marie Mining Division in south-central Ontario. Six of the proposed eight diamond drill holes have been completed with detailed logging and sampling of the core underway. The drilling program is being completed in the most logistically efficient manner as possible which necessitates drilling holes out of the normal sequence. Highlights of the first three holes are as follows:
Golden Reign Resources, a mineral exploration company, has announced that it has released the results of the current 2012 trenching campaign being carried out at the Las Conchitas region of the company’s San Albino-Murra gold property in Nicaragua.
Mines Management has declared that the company has started a drilling program at the La Estrella project, containing gold and silver, which is situated in central Peru.
Today, Dallas-based Dillon Gage Metals opened its newest subsidiary, International Depository Services of Canada (IDS) in Mississauga, Ontario, a suburb of Toronto. IDS is Canada's first, full-service metals depository designed to meet the diverse needs of all precious metal market participants, from commercial entities to private investors. IDS will provide clients with secure precious metals storage and global distribution for bullion bars and coins, and certified coins.
Silver Bull Resources Inc. is pleased to provide an update on a planned 3,000 meter underground drill program to target a high grade zone of silver within the "Shallow Silver Zone".
In the middle of last week, silver prices began to surge slightly as suspected. Early last week silver was seen trading around that sweet spot, enticing investors to increase their silver portfolios and lowering the barriers to entry for first time investors. Silver responds similarly to gold; however its influential ties to industrial growth and manufacturing separate it, making it a wise investment choice with stimulus efforts and worldwide economic rebounding.
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