Issue link: http://resourceworld.uberflip.com/i/198816
gold mine in Argentina. The company also holds Calcatreu and Navidad, two silver development projects also in Argentina. Total H1 production for South American operations stood at 6.3 million oz silver. Polar Star Mining Corp. [PSR-TSX] announced on August 26 that BHP Billiton has decided to advance four out of five project blocks offered under an agreement signed between the two companies in April 2012. The projects are located south of Polar Star's wholly-owned Montezuma property in Chile. Under the first option framework, BHP Billiton will secure a 51% stake in the blocks by investing $3.5 million in exploration for each one. On July 24, Polar Star also announced encouraging results from trenching and surveying work at Montezuma's Melisa target. Red Eagle Mining [RD-TSXV] unveiled a positive preliminary feasibility study on September 19 for the San Ramon deposit at its wholly-owned Santa Rosa gold project in Colombia. Effective September 10, the project contains 446,000 oz gold measured and indicated and 111,000 oz gold inferred. Permitting, including the filing of an Environment Impact Assessment, is also being prepared. In addition, Red Eagle is developing the Colombia-located Pavo Real gold project into which it can earn a 70% interest. Rodinia Lithium Inc. [RM-TSXV; RDNAF-OTCQX] is advancing the flagship Salar de Diablillos lithium project in Salta Province, Argentina. On August 29, Rodinia reiterated its goal to finalize a revised reserve estimate during Q4 2013. In addition, work will continue on finalizing the project's feasibility study. Discussions relating to strategic off-take arrangements are also on-going. On June 11, Rodinia noted that a second batch of lithium carbonate had been produced at its pilot system, the purity reaching 99.79% Li2CO3. Sacre Coeur Minerals Ltd. [SCM-TSXV] reported on September 20 that it had entered negotiations for a $10 million financing in the form of an interest-free secured loan that will be converted into a production royalty once the company's Million Mountain Project in Guyana comes on stream. On June 10, Sacre Coeur also unveiled its latest november 2013 TSX-V: MRZ; Frankfurt: M8R NEW DISCOVERIES – NEW HORIZONS Invest in a proven generative explorer in precious metals • Well funded from sale of Joaquin silver project to partner Coeur for $60M in cash and stock in December 2012 • Highly qualified technical team delivering exploration success in underexplored regions • Advancing the Titan and Atlas gold-silver projects and seven portfolio properties • Discovered high-grade silver, resource-ready Virginia deposit in Santa Cruz, Argentina • Rubi Chile Cu-Au porphyry optioned to First Quantum Minerals, $6.5M over 4 years Mirasol Resources Ltd. 600 – 890 West Pender Street, Vancouver, B.C. V6C 1J9 T: 604 602 9989 www.mirasolresources.com www.resourceworld.com 15