Azteca's Bunker Hill option terminated

http://www.azteca-au.com/july242008newsrelease.html


News Update
Bunker Hill Mine option terminated
July 24, 2008107,385,751
Symbol: TSX-V:AZG
Spokane, Washington – Matthew Russell, President of Azteca Gold Corp. (the "Company" or "Azteca") announces that the Company has let lapse its option agreement in respect to the Bunker Hill Mine property located in Kellogg, Idaho as a result of being unable to come to a commercially acceptable arrangement with the United States Environmental Protection Agency and the owner, with whom the Company is continuing to negotiate with respect to a potential new acquisition structure.
Azteca continues to be optimistic in the development potential of it's wholly owned projects: Tres de Mayo, Geroe Creek, and Marietta as well as its Two Mile joint venture. Geological evaluation work on these projects has continued and management is formalizing a technical and financial plan to move them ahead.For further information, please contact:Azteca Gold Corp.Matthew Russell, PresidentTelephone: 1-509-464-0172 Email: info@azteca-au.comWebsite: www.azteca-au.com

Wow! Minco to buy SRLM!

Canadian-based silver producer in China rescues SRLM! MGH has a C$95M Market Cap and SRLM.OB has ~$50M as of yesterday's close. Should be interesting to see the commentary from other silver bugs and see if Minco's cash and skills can bring back the "mighty Sunshine" to it's previous glory.

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Press Release
Source: Sterling Mining Company
Sterling Mining and Minco Silver Announce Proposed Business CombinationWednesday July 23, 8:11 am ET
WALLACE, IDAHO--(MARKET WIRE)--Jul 23, 2008 -- Sterling Mining Company (Toronto:SMQ.TO - News)(OTC BB:SRLM.OB - News)(Frankfurt:SMX.F - News) and Minco Silver Corporation ("Minco Silver") (Toronto:MSV.TO - News) are pleased to announce that they have signed a letter of agreement whereby Minco Silver will acquire 100% of the issued and outstanding shares of Sterling (the "Transaction"). The transaction will result in Minco Silver controlling two world class silver deposits including the Fuwan Silver property in China and the Sunshine Mine in Idaho, USA.
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Transaction
Under the terms of the Transaction, Minco Silver has offered 0.51 of a share for each one Sterling share which equates to an offer of US$1.58 per Sterling share based on Minco Silver's July 21, 2008 closing price. The offer values Sterling at US$62.3 million.
Upon completion of the Transaction, the combined company will have approximately 52 million common shares issued and outstanding, plus options and warrants. Minco Silver shareholders will own 61% and former Sterling shareholders will own 39% of the combined company.
Minco Silver has extended a US$15 million line of credit to Sterling, of which US$5 million is to be funded immediately, bearing 10% annual interest compounded monthly, to be used for continued operations at the Sunshine Mine.
A management committee has been established to supervise the day-to-day operations of Sterling during the transaction period. It is comprised of seven members, four from Minco Silver and three from Sterling.
The Transaction is subject to completion of confirmatory due diligence, definitive documentation, regulatory approvals, and obtaining shareholder approval at a special meeting of the shareholders of Sterling. The letter agreement includes a commitment by Sterling to not solicit alternative transactions to the Transaction. A break fee of US$2 million is payable to Minco Silver under certain conditions. The Transaction is expected to close by December, 2008.
Subject to regulatory approval, Minco Silver will pay at closing a finders' fee of 50,000 common shares to an arms-length third party related to the Transaction.
Compelling Combination
The combination will bring significant benefits to each of the companies and their shareholders. The Boards of Directors of each company have supported the proposed combination and management of the two companies believe that the Transaction will provide the shareholders of each company an opportunity to participate in the future growth of a larger and more established company with a broader range of prospects, a more diversified asset base, and a management team that has a proven ability to execute.
Upon completion of the Transaction, the combined company will have:
- Two world-class silver deposits containing 418 million ounces of silver resources;
- Potential annual silver production in excess of 10 million ounces by 2011;
- Solid platform for profitable growth and increased shareholder value; and
- Reduced risk profile.
Minco Silver's Chairman and CEO, Dr. Ken Cai, commented: "The combination of these companies will bring together two world-class silver deposits with significant exploration upside. The integrated board and management team is well positioned to build one of the world's leading primary silver producing companies through synergies in China and North America. Further, this consolidation should appeal to a broader investor audience and greater market liquidity."
Sterling's Interim President, Ken Berscht, added: "This merger represent the culmination of the strategic review process announced on June 4 and completed with the assistance and advice of our financial advisor TD Securities Inc. It provides the financial resources to fund the immediate requirements of Sterling and ensures that the Sunshine Mine will be a significant contributor going forward. We are excited about the premium offer and the opportunity for Sterling shareholders to participate in the new silver focused entity."
Minco Silver Conference Call
Minco Silver will host a conference call on Wednesday, July 23, at 9:00 AM Eastern or 6:00 AM Pacific Time. To participate, please dial 1-888-300-0053 for North American callers and 1-647-427-3420 for international callers. The ID# for the conference call is 57248259.
To view the new corporate presentation concerning this Transaction, please visit Minco Silver's website: www.mincosilver.ca.
About Minco Silver
Minco Silver Corporation (Toronto:MSV.TO - News) is a TSX listed company focusing on the acquisition and development of silver dominant projects. Minco Silver owns 100% interest in the World Class Fuwan Silver Deposit, situated along the northeast margin of the highly prospective Fuwan Silver Belt. Minco Silver is the exclusive vehicle for pursuing silver opportunities in China pursuant to a strategic alliance agreement between Minco Gold Corporation (Toronto:MMM.TO - News)(AMEX:MGH - News)(Frankfurt:MI5.F - News) and Silver Standard Resources (Toronto:SSO.TO - News).
About Sterling Mining Company
Sterling Mining controls the Sunshine Mine, which began initial production in December 2007, and related exploration lands in the prolific Silver Valley of northern Idaho. Sterling Mining also holds several silver properties in Mexico, including the Barones Tailings Project in the Zacatecas Silver District. Shares of Sterling Mining Company trade on the TSX under the symbol "SMQ", on the OTCBB under the symbol "SRLM", and also on the Frankfurt Stock Exchange under the trading symbol "SMX".
ON BEHALF OF THE BOARD
Dr. Ken Z. Cai, Chairman & CEO, Minco Silver Corporation
ON BEHALF OF THE BOARD
Ken Berscht, Interim President, Sterling Mining Company
To receive Sterling news via email, please email supertina@sterlingmining.com and specify "SMQ news" in the subject line.
Cautionary Language and Forward Looking Statements
This press release may contain "forward-looking statements", which are subject to various risks and uncertainties that could cause actual results and future events to differ materially from those expressed or implied by such statements. Investors are cautioned that such statements are not guarantees of future performance and results. Risks and uncertainties about the Company's business are more fully discussed in the Company's disclosure documents filed from time to time with the Canadian securities authorities.
This press release does not constitute an offer to sell or a solicitation to buy securities, and contains forward-looking statements regarding the Company within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. These statements are based on assumptions that the Company believes are reasonable but that are subject to uncertainties and business risks. Actual results relating to any and all of these subjects may differ materially from expected results. Factors that could cause results to differ materially include economic and political events, the ability to raise capital in the financial markets, and other factors discussed in the Company's periodic filings with the Securities and Exchange Commission, including its annual report on Form 10-K for the year ended December 31, 2007 and subsequent 10-Q and 8-K filings.
Contact: Contacts:
Minco Silver Corporation
Ute Koessler
Director Investor Relations
1-888-288-8288 or (604) 688-8002
Email: ir@mincomining.ca
Website: http://www.mincosilver.ca

Sterling Mining Company
Monique Hayes
Investor Relations
(208) 699-6097
Website: http://www.SterlingMining.com

Source: Sterling Mining Company

ASLM drill results (still) coming soon

I just called U.S. Silver Investor Relations at (604) 805-3530. The ASLM drill results are "coming soon". When I mentioned that's what I heard 2 months ago, he said it will happen, but it's not a priority right now. (...which I understand, unless ASLM was a real bonanza that can be used at the right time to boost the price...)

ASLM

SRLM.OB grants options

A normal action for new management, but "Mister Market" trimmed 8% off the share price this morning. Down 10 cents to $1.14

http://biz.yahoo.com/iw/080717/0416934.html

...now, tell me about pouring dore bars and tell me about positive cash flow...then maybe I'll buy back in!

SRLM up 18% (21 cents) to $1.33

http://finance.yahoo.com/q?s=SRLM.OB

Sounds like somebody wanted "in" when spot silver rallied today, or rumors of positive news in SRLM's situation...a cash lifeline, perhaps?

Silverstar Mining and NJMC

New company in town, including David Bond and a JV with New Jersey Mining. Should be interesting to follow!

http://www.silverstarmining.com/


It is our pleasure to announce the launch of Silverstar Mining Corp. We are also proud to have Mr. David Bond as our chairman of the board. This is Mr. Bond’s first venture into the public market. Silverstar Mining Company (SLVM.OB) is in the business of acquiring and developing late-stage precious and strategic base metals exploration properties in the Americas with an eye toward putting them into near-term production, either by our own unique management team or in cooperation with joint-venture partners. We are proud of our success thus far. There is an old axiom amongst miners: If you want to hunt for elephants, you must first be in elephant country. Silverstar Mining Co. is there. Our first property, the Corby Mine in northern Idaho's fabled Silver Valley, represents production potential of immense value that was overlooked entirely by all but a handful of qualified geologists, overshadowed by its more famous neighbours, the Bunker Hill, Sunshine, Crescent and Page mines. It's now Corby's turn to be in the sun. We intend to acquire more properties like the Corby in ore-rich districts such as the Coeur d'Alenes. We have the expertise, the relationships, the financing and the enthusiasm to bring these valuable properties into production.

On July 9th 2008 Silverstar Mining Corp announced the entry into of a joint venture agreement with New Jersey Mining Co. whereby Silverstar will become a 50-50 partner with New Jersey in the Silver Strand silver mine in the Coeur d'Alene Mining District. The joint venture agreement is to close on or before July 31, 2008. New Jersey describes the Silver Strand as thus: “An underground gold and silver mine with exciting exploration potential, the Silver Strand is an intriguing deposit. Hosted by the prolific silver-producing Revett formation of the Coeur d’Alene Mining District, the Silver Strand is unique in its high gold content.”

Please visit our web site www.silverstarmining.com and register to receive updates on this exciting project as well as upcoming literature and events.

Yours sincerely

Jim MacKenzie
CEO
Silverstar Mining Corp
jim@silverstarmining.com
604 960 0535

SRLM announces anti-takeover payoff for management

SRLM guys get $150K cash in case they get taken-over. I guess this is to keep them on-board for the duration?

http://biz.yahoo.com/e/080707/srlm.ob8-k.html

USA.V Management changes

Management team now a bit more sparse and they have some new cheap shares in their pocket. "Mister Market" votes with high volume and a share price down 14% late in the day to C$0.34.

http://biz.yahoo.com/iw/080708/0413813.html