Month: February 2012

Dia Bras Drilling Programme Discovers More Wide Mineralized Zones With High Grades of Silver at Its Promontorio Mine, Cusi Property

Dia Bras Exploration Inc. is pleased to report that continued drilling from the surface at its Promontorio mine (“figure 1:Cusi Project Map View”) has discovered more wide zones of disseminated silver mineralization. Additionally, the Company has provided an update on its pilot mining operations at the Cusi property for December 2011 and January 2012.

Mexico’s Mining Output Jumped 18% in 2011

Mexico’s mining production rose 5.4% in December from the year-ago month, led by output of copper and coal, with smaller gains in silver, the National Statistics Institute, or Inegi, said Wednesday.

Soltoro and Argentum Silver drilling intercepts

Soltoro Ltd. and Argentum Silver Corp. are pleased to announce assay results from the first four diamond drill holes completed on the El Tajo vein at the Coyote property located in Jalisco, Mexico.

Golden Goliath Exploration Update

Golden Goliath is pleased to announce that exploration work on the Company’s wholly-owned Nopalera property is progressing very well. Surface work, including geology, geophysics and geochemistry is delineating targets for the first ever diamond drilling program on the property, to be undertaken as soon as drill target definition is complete.

Zinco Proposes Drilling Program to Calculate Resource Estimate

Zinco Mining Corporation has completed an in-house technical review of its Cuale VMS Camp and proposes a drilling program that will allow it to calculate an initial resource estimate on at least one of the prospects. This proposal is a follow-up to the drilling program in 2011 when the Company completed 1534.8 metres of HQ diamond drilling in 14 holes. The drilling was split between San Juan (955.3 m in 9 holes) and Jesus Maria (579.5 m in 5 holes) in the Cuale VMS camp, one of several VMS camps in the Company’s Jalisco VMS Project concessions.

Geologix Acquires Option To Earn 100% Of La Carreta Property In Michoacán State, Mexico

Geologix Explorations Inc. is pleased to announce the acquisition of an option to earn a 100% interest in the La Carreta gold-copper-silver property in Michoacán State Mexico. La Carreta property is located approximately 20 km north-east of the Company’s Tepal project. The concession covers 207 hectares (2.07 square km) and is proximal to water and power, and accessible via paved highway and agricultural roads.

Aurion Amends Financing

Aurion Resources Ltd. (“Aurion” or “Company”) (TSX VENTURE:”AU”) is pleased to report that it has increased the size of its previously announced non-brokered private placement, to 8,571,428 million units at a price of CDN$0.35 per unit to raise aggregate gross proceeds of CDN$3,000,000. Each unit will consist of one common share of Aurion and one full share purchase warrant of Aurion. Each whole share purchase warrant will entitle the holder thereof to acquire one additional common share of Aurion at an exercise price of CDN$0.45 cents per share for three years. Aurion can elect to accelerate the exercise of the warrants if Aurion’s volume-weighted average share price is at or above CDN$0.70 per share, based on the preceding 20 day closing share price. Finder fees may be paid pursuant to this financing.

San Marco Grants Option on La Buena Property

San Marco Resources Inc. is pleased to report it has granted an option to Skanderbeg Capital Partners Inc. of Vancouver, BC to acquire a 50% interest in San Marco’s La Buena property, Zacatecas, Mexico.

Arian Silver’s MD&A and Results for the Financial Year Ended 31 December 2011

Arian Silver Corporation (“Arian” or the “Company”) (TSX VENTURE:AGQ)(AIM:AGQ)(PLUS:AGQ)(FRANKFURT:I3A), a silver exploration, development and production company with a focus on projects in the silver belt of Mexico, today announced the release of its Management’s Discussion and Analysis (“MD&A”) and audited Financial Statements (“Financials”) for the year ended 31 December 2011.

War Eagle Announces $194,250 Private Placement and Proposed New Director

VANCOUVER, BRITISH COLUMBIA, Feb 28, 2012 (MARKETWIRE via COMTEX) — War Eagle Mining Company Inc. (“War Eagle” or the “Company”) proposes to raise gross proceeds of $194,250 by way of a non-brokered private placement offering of the Company’s common shares. Mr. Danny Wettreich will be the sole subscriber of the private placement.

Goldgroup Responds to Mexican Newspaper Articles

Goldgroup Mining Inc. is responding to recent unconfirmed Mexican newspaper articles quoting certain statements by the Governor of the State of Veracruz on the environmental permitting regarding Goldgroup’s Caballo Blanco project. Goldgroup has not been directly contacted by, or been in communication with, any State officials in relation to the statements recently reported.

Chesapeake Raises $35.2 Million From Warrant Exercises

Chesapeake Gold Corp. is pleased to announce that it has raised $35,241,240 from the exercise of 4,405,155 warrants at $8.00 per share prior to the expiry date on February 23, 2012. The warrants were issued on February 23, 2007 in connection with Chesapeake’s business combination with American Gold Capital Corporation.

Soltoro intercepts 9.8 metres of 119 gpt Silver at

Soltoro Ltd. recently completed seven diamond drill holes beneath the historical mine workings in the Catarina zone. The focus in the Catarina mine area was to confirm the historic resource defined in the 1980’s by the Consejo de Recursos Minerales (CRM), the equivalent of the Mexican geological survey. The historic Catarina mine and associated workings can be traced for roughly 500 metres along strike and high grade silver mineralization has been encountered to a depth of 125 metres. From 1978 through 1981 the CRM carried out extensive surface trenching, underground sampling and development work, as well as surface and underground drilling.

Bell Copper Announces Changes to Board of Directors

Toronto, Ontario — Bell Copper Corporation (“Bell Copper” or the “Company”) (TSX-V: BCU) announces the resignation of Mr. Stan Bharti from the Board of Directors. Bell Copper remains a member of the Forbes & Manhattan Group of Companies and continues to receive all of the benefits of such membership, including access to a world-class team of geologists, advice from Mr. Bharti and other Forbes & Manhattan capital market professionals and strategic advice from the Forbes & Manhattan Board of Advisors.

Minaurum Announces Drill Program at Adelita Project, Mexico

Minaurum Gold Inc. is pleased to announce that Ocean Park Ventures Corp. has begun a Phase 1, 2500 metre diamond drilling program at the Adelita project, southern Sonora, Mexico. The Adelita project hosts skarn mineralization with strong copper, gold and silver values, flanking a 10 square kilometre copper, gold, silver and molybdenum-in-soil anomaly which has a porphyry signature.

First Mexican Drills 3105 Silver Equivalent over 9.7 metres

First Mexican Gold Corp. is pleased to report results of drilling on its Guadalupe property in Sonora State, Mexico.

— Drills 9.7 metres of 3105 silver equivalent g/t comprised of 9.70 metres
of 6.22 g/t gold, 1853 g/t silver & 12.62% copper

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