Month: April 2012

Gold Resource Corporation Reports Preliminary Independent Resource Estimate; Announces Company Conference Call

Gold Resource Corporation is pleased to report preliminary results from an independent resource estimate compiled from drilling data at the Company’s La Arista vein system at its El Aguila Project in Mexico. Measured and indicated resources include approximately 1.4 million gold equivalent ounces (all metals) at 1 gram gold equivalent cutoff. The estimate is being prepared by the Denver engineering firm of Pincock, Allen & Holt in compliance with the standards established by Canadian Securities Administrators’ National Instrument 43-101 and are considered preliminary until the technical report is finalized.** Investors are urged to read the report when it is completed. The Company commissioned the report under NI 43-101 in an effort to provide resource estimates similar to those provided by its industry peer group, most of which report under NI 43-101. The resource estimates provided in this study are not considered “reserves” as defined by the U.S. Securities and Exchange Commission in Industry Guide 7 and U.S. investors are strongly cautioned not to assume that all or any part of measured, indicated or inferred resources will ever be converted into reserves as defined by the SEC. Gold Resource Corporation is a low-cost gold producer with operations in the southern state of Oaxaca, Mexico.

Lincoln Mining Summarizes Drilling Program La Bufa Property, Chihuahua, Mexico

Lincoln Mining Corporation reports that in December 2011 it completed 5,091.3 m of core drilling in 20 angle holes at its 100% owned La Bufa property in Chihuahua State, Mexico. The property is located in the Guadalupe y Calvo mining district which encompasses a large, northeast-trending epithermal gold-silver system. Gold-silver mineralization is hosted in quartz-breccia veins and stockworks that are localized in a complex zone of high-angle structures. Core drilling focused on two target areas which were defined by geologic mapping, surface sampling, and geophysics. Drilling commenced in mid July 2011 and was completed in early December. Core recovery was excellent. All assays have been received. Drill hole intercepts reported here are apparent and do not represent true thicknesses.

QRS Capital Corp. Announces Changes to Previously Announced Non-Brokered Private Placement

QRS Capital Corp. announces that, further to its press release dated April 2, 2012, in connection with its previously announced non-brokered private placement, QRS intends to issue up to 11,250,000 units (the “Units”) to subscribers resident in Canada and certain offshore jurisdictions at a price of $0.40 per Unit. Each Unit will consist of one common share and one half of one common share purchase warrant. Each such Warrant will entitle the holder to purchase one common share of the Company at a price of $0.70 per common share for a period of 24 months from the closing date of the Offering. Securities issued under the Offering will be subject to a four month hold period which will expire four months from the date of closing.

Aurcana Reports: Record Silver Production at La Negra Mine

Aurcana Corporation is pleased to report silver production for Q1 2012 of 287,486 ounces compared to 240,275 in Q1 2011 , the largest quarter for silver production in Aurcana’s history. Silver production for the first quarter of 2012 increased 19.6% compared to Q1, 2011. Silver Equivalent increased 29.3% to 492,864 for Q1 2012, compared to 381,146 in Q1 2011.

Stroud Appoints New Director

Stroud Resources Ltd. is pleased to announce that, subject to regulatory approval, Kerry D. Smith, P. Eng, MBA has been appointed to the board of directors of the Company joining George Coburn and Lonnie Kirsh on the board.

Goldcorp Reports 2012 First Quarter Results

GOLDCORP INC. today reported that adjusted net earnings1 in the quarter increased to $404 million, or $0.50 per share, compared to $392 million, or $0.49 per share, in the first quarter of 2011. Reported net earnings were $479 million compared to $651 million in the first quarter of 2011. Operating cash flows before working capital changes2 were $480 million. Gold production totaled 524,700 ounces at a total cash cost3 of $251 per ounce.

Kootenay Hits 18 Meters of 254 gpt Silver Eqv Within 89 Meters of 84 gpt Silver Eqv

Kootenay Silver Inc. is pleased to announce results from an additional 10 holes from its current 25,000 meter drill program on its Promontorio Silver Project in Sonora, Mexico. The Company reports the two-phase 35,000 meter in-fill drill and resource definition program, comprised of 25,000 meters of core drilling and 10,000 meters of RC drilling is now complete. Work on an independent NI 43-101 resource update to incorporate results from drilling is underway.

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