Day: February 28, 2012

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.

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.

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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.