Day: January 20, 2012

Copper Creek to Begin Drilling on Santa Lucia Gold-Silver Project

Copper Creek Gold Corp. is pleased to announce that the Company will soon commence a core drilling program on its Santa Lucia gold-silver project located 200 kilometres southeast of Hermosillo in Sonora, Mexico. Copper Creek may earn a 60% interest in Santa Lucia from Kootenay Gold Inc. (KTN-V) by spending $2,000,000.00 in exploration and making modest cash and share payments to Kootenay over a 4 year period. It is anticipated that drilling will begin in the second week of February, 2012.

Bearing Resources Closes $180,000 Private Placement Financing

Bearing Resources Ltd. is pleased to announce the Company has closed the $180,000 private placement announced on December 19, 2011. The non-brokered private placement consisted of 428,572 units. Each Unit is comprised of one common share of the Company and one half of a common share purchase warrant. The Units were offered at a price of $0.42 per Unit. Each whole Warrant will be exercisable for one common share of the Company until January 18, 2013 at an exercise price of $0.60. The securities bear a four month and one day hold period.

US Gold and Minera Andes Shareholders Vote to Approve Business Combination

TORONTO, ONTARIO, Jan 20, 2012 (MARKETWIRE via COMTEX) — US Gold Corporation (“US Gold”) and Minera Andes Inc. (“Minera Andes”) are pleased to announce that at each of their respective meetings on January 19, 2012, shareholders voted in favour of the proposed business combination between US Gold and Minera Andes, pursuant to which US Gold will acquire Minera Andes and be renamed McEwen Mining Inc. (“McEwen Mining”).

Catalyst Copper announces a 71% resource increase for La Verde copper porphyry

Catalyst Copper Corp. today announced an updated Measured plus Indicated Resource of 354.1 million tonnes grading 0.41% Cu; 0.043 g/t Au; 2.3 g/t Ag at its La Verde copper porphyry deposit in Michoacán State, Mexico. This represents a 71% increase in tonnage and 54% in contained copper over the previous resource released in January, 2011 (Table 1)

San Marco Drills Los Hondidos Zone at Tecomate

San Marco Resources has completed approximately 1625m of drilling at its 100% owned Tecomate property in Sinaloa State, Mexico. Exploration to date has focused on a 200 hectare area (Main Zone) of this 12,300 hectare property. The primary target area was the Los Hondidos Zone, where recent surface exploration indicated a 60 – 80m wide mineralized shear structure. This drill campaign is the first program to test the vertical extent of surface mineralization discovered by Company geologists over the last year. Tecomate is believed to be an intermediate sulphidation system, where gold, silver, zinc, copper and lead appear to be collectively important to potentially economic mineralization. Drilling in the Los Hondidos Zone indicates the shear structure is 80m wide, where drilling intersected it 80 -120m below surface. Three of five drill holes intersected significant mineralization in various parts of the structure. Preliminary analysis indicates a specific fault/feeder zone hosts higher grade mineralization which is flanked by parallel precious and base metal mineralization, and is open along strike and at depth. Drill intercepts are in oxide or mixed oxide/sulphide zones.

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Maza Drilling is a Mexican company established in 2007 in Mazatlán, Sinaloa. Our Canadian founder, Mr. Guy de Launiere, has over 20 years of international experience managing diverse drilling operations. Maza Drilling strives to compete at the highest levels in terms of recovery, effectiveness, efficiency, and affordability at every project while keeping at the forefront of technology to meet our customer’s needs in this demanding market.