Lone Star Gold, Inc. is pleased to provide an update on its Tailings Project wash plant construction progress and other project developments, and on its La Candelaria gold-silver project drilling progress and sample results. Both projects are located in the state of Chihuahua, Mexico.
Fresnillo plc is pleased to announce the appointment of Ms María Asunción Aramburuzabala and Mr Alejandro Baillères as non-executive Directors of Fresnillo.
Golden Tag Resources Ltd. is pleased to announce that a 5,000 metre program of diamond drilling with an estimated budget of $1.8 million including related expenditures, is planned to commence in May, 2012 on the San Diego Property in Durango State, Mexico. The recently revised joint venture agreement with partner Golden Minerals Company (see press release:March 28)(see press release:2012), gives Golden Tag the right to increase its interest in the joint venture from 50% to 60% by funding the next US$3 million of exploration expenditures and to assume the role as designated operator of the JV. While the joint venture was scheduled to issue an updated NI 43-101 resource report in April, 2012, this will now be delayed, as recent developments provide Golden Tag an opportunity to focus immediately on Resource growth at San Diego. The objective of the 2012 drilling program is to further delineate and potentially extend, several new discoveries which were the result of drilling in 2011 (see press releases:October 27)(see press releases:2011)(see press releases:November 15)(see press releases:2011)(see press releases:December 12)(see press releases:2011)(see press releases:January 31)(see press releases:2012). Upon completion, the results from the new Phase 6 drilling program will be incorporated into new models for geology and mineral resources on the San Diego Property and a new updated 2012 Resource Report will be issued, now targeted for October, 2012.
Evrim Resources Corp. is pleased to announce the start of the 2012 exploration program at the Cumobabi copper — molybdenum porphyry project in Sonora, Mexico. The exploration program is a joint effort between Inmet Mining and Evrim and is subject to an option agreement announced in February 2011.
Argonaut Gold Inc. announced today that the Company produced 21,084 gold ounces during the 1st quarter of 2012 (ended March 31, 2012) at its 100% owned El Castillo Mine (“El Castillo” which is located 100 km north of the city of Durango, Mexico) and 100% owned La Colorada Mine (“La Colorada” which is located 50 kilometers southeast of Hermosillo, Mexico).
Galore Resources Inc. is pleased to announce the appointment of Mr. Al Fabbro and Mr. Charles Troup to the Company’s Board of Directors. Mr. Fabbro has more than 30 years experience in finance and mining while Mr. Troup has over 25 years of successful experience investing and managing a diverse portfolio in the mining and oil and gas sectors.
Endeavour Silver Corp (EDR.TO), fresh off announcing a $250 million deal to buy AuRico Gold Inc’s AUG.TO El Cubo silver-gold mine in Mexico, is open to more acquisitions, though its immediate focus is on unlocking El Cubo’s value, the company’s CEO said on Monday.
Fortunate Sun Mining Company Ltd. is pleased to announce the appointment of Mr. Kristian Whitehead P.Geo. as Fortunate Sun’s Vice President of Exploration.
First Mexican Gold Corp., on a best efforts basis, is arranging a non-brokered private placement of up to $300,000 through the sale of one million units at 10 cents per unit. Each unit consists of one common share and one-half of one non-transferable share purchase warrant, with each whole warrant being exercisable at a price of 12 cents per share, for a period of two years. The financing is subject to regulatory approval.
Kimber Resources Inc. is pleased to announce further high-grade drill results from its gold-silver Monterde property in the prolific Sierra Madre belt of Mexico. MTC-151 intercepted 4.2 metres of 6.2 g/t gold and 47 g/t silver while MTC-157 intercepted 4.5 metres of 4.9 g/t gold and 124 g/t silver.
Globexplore is a customer focused, technology driven mineral exploration drilling contractor devoted to top of class drilling methods and techniques that only years of experience can achieve. Every day we strive to be the industry leader by providing the highest rate of performance, professionalism, safety and environmental responsibility.
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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