Month: April 2012

Vatic Ventures Corp. Signs Option for La Silla Gold & Silver Property in Mexico

Vatic Ventures Corp is pleased to announce that it has entered into an agreement with Minera Meridian Minerales S.R.L. de C.V. whereby the Company has acquired the right to earn an undivided 100% interest in and to certain mineral claims located in Sinaloa, Mexico. The claims are called the La Silla claims. The property is located some 65 km north of Mazatlan in the State of Sinaloa and encompasses about 14,426.7 hectares. It is part of the Trans Mexican Volcanic Belt. Some parts of these structures have been historically mined on a small scale.

Great Panther Silver Reports First Quarter 2012 Production

Great Panther Silver Limited reports first quarter production at its two wholly-owned Mexican silver mining operations, Guanajuato and Topia. Metal production continues to improve and, at 557,667 silver equivalent ounces, was up 2% over the fourth quarter of 2011. Silver production totaled 359,526 oz and silver metal recovery at the Guanajuato plant reached an all-time high of 90.1%. As well, a quarterly record of gold production was achieved with 2,729 ounces produced.

Oremex Silver Announces Private Placement Offering

TORONTO, ONTARIO–(Marketwire – April 16, 2012) – Oremex Silver Inc. (“Oremex” or the “Company”) (TSX VENTURE:OAG)(OTCQX:ORAGF)(FRANKFURT:OSI) announces that it intends to complete a non-brokered private placement of up to 10,000,000 units (the “Units”) from treasury at a price of $0.15 per Unit for aggregate proceeds of up to $1,500,000 (the “Offering”).

Excellon Reports First Quarter Production

Excellon Resources Inc. Mexico’s highest grade silver producer, is pleased to report March and the first quarter 2012 production results from its La Platosa operations in Durango State, Mexico.

Aurcana Reports Record 2011 Results

Aurcana Corporation is pleased to report its audited financial results for December 31, 2011. The summary of the selected financial information should be read in conjunction with the audited financial statements and the related management’s discussion and analysis dated April 12, 2012 together referred to as the “Financial Statements”, which have been filed on SEDAR (www.sedar.com) and the Company’s website (http://www.aurcana.com). All figures are in US dollars unless otherwise noted.

Fortuna Reports Record Silver Production of 953,091 Ounces and 5,137 Ounces of Gold for First Quarter 2012

Fortuna Silver Mines Inc. announces production figures for the first quarter of 2012 from its two operating mines in Latin America, the San Jose mine in Mexico and the Caylloma mine in Peru. Both mines are performing above planned production levels and the Company is on schedule to deliver 3.7 million ounces of silver and 17,400 ounces of gold or 4.6 million ounces of silver equivalent plus significant base metal by-product in 2012.

Goldex Releases Assays from Phase One Drill Program at El Arco

Goldex Resources Corporation today announced results from the phase one drill program on its Mexican property, El Arco. El Arco represents a newly discovered gold-silver system that has seen no previous exploration activity. The property is located in the Central Plateau gold and silver belt, near the historic silver-lead-zinc district of Tejamen in the state of Durango, Mexico. El Arco demonstrates low sulphidation epithermal-style banded quartz veinlets similar to those found at the surface in the La Cienga district also located in Durango. The project consists of two mineral exploration licenses that cover 3,381 hectares. Surface samples have confirmed the presence of both high-grade gold and silver values.

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.