Further to the Company’s news releases dated November 28, 2011 and January 6, 2012 announcing a private placement of 2,866,666 units, the Company is pleased to announce it has received TSX Venture Exchange approval for and closed the private placement of 2,866,666 units, at a price of $0.12 per unit each with half a warrant at $0.15 excisable for two years, to raise proceeds of $344,000.
Santa Fe Metals Corp. is pleased to report assay results from the November/December 2011 phase of the ongoing sampling program on its Don Indio project at Cuatro Ciénegas, Coahuila, Mexico.
VANCOUVER, BRITISH COLUMBIA, Jan 18, 2012 (MARKETWIRE via COMTEX) — Baja Mining (otcqx:BAJFF) today announced that its 70 per cent-owned Mexican subsidiary, Minera y Metalurgica del Boleo S.A de C.V. (MMB) drew a further US$ 100 million on January 17, 2012, the third draw on its senior debt facilities to date.
Urastar Gold Corp. launches 1500m RC drilling on El Jabali (7ha, 6km from Mulatos mine) and Juliana (700ha, 7km west) in Sonora, Mexico’s Mulatos Belt. Tests extensions of historic La Dura mine (vuggy silica breccias) and shallow native gold pits in silicified veins, akin to Alamos Gold’s operations.
Pan American Goldfields Ltd. is pleased to announce that work on the Cieneguita project NI43-101 compliant Preliminary Economic Assessment is on schedule for its expected completion in the second quarter of 2012. The PEA was started in October 2011 and the primary consultant is M3 Engineering and Technology based in Tucson, Arizona.
Avino Silver & Gold Mines Ltd. is pleased to announce results of further drilling at the San Gonzalo zone on the company’s property north-east of Durango, Mexico.
Production Report for the 12 months ended 31 December 2011
Argonaut Gold Inc. is pleased to announce gold production for Q4 2011 of 19,700 ounces and a total of 72,000 ounces for 2011. These are records for both quarterly and annual production. The Company is also providing production guidance range for 2012 of 85,000 to 95,000 ounces of gold.
TORONTO, ONTARIO Seafield Resources Ltd. (Seafield or the Company) (TSX-V: SFF) is pleased to report the appointment of Elina Chow as Vice President of Corporate Development, effective immediately. She will report to Seafields CEO, Cesar Lopez, and will be based in Toronto, Canada.
Kootenay Gold Inc. is pleased to announce assay results from an additional 20 drill holes from its 25,000 meter, ongoing, multi-phase, step out drill and resource definition program on its Promontorio Silver Project in Sonora, Mexico.
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