Eugene Hodgson joins the Pacific Cascade Advisory Board
May 31, 2012
Pacific Cascade Minerals Inc. is pleased to announce Mr. Eugene Hodgson has agreed to join the Company’s Advisory Board.
Pacific Cascade Minerals Inc. is pleased to announce Mr. Eugene Hodgson has agreed to join the Company’s Advisory Board.
Gold Resource Corp declared after markets closed Tuesday its monthly dividend of six cents per share for May.
International Millennium Mining Corp. reports its 1st Quarter 2012 financial statements and MD&A for the 1st Quarter ended March 31, 2012 (BC Form 51-102F1). Pursuant to the requirements of National Instrument 54-102, this news release provides a summary of the information contained in the Quarterly Report.
New soil anomalies indicate gold potential over 650 meters of strike length at Santa Catarina gold project
The Company is securing drill permits for the commencement of the first phase of drilling at Santa Catarina gold project
A ground geophysical survey prior to initial drill testing is planned to assist in target definition
Dia Bras Exploration Inc. is pleased to announce the filing of its audited Financial Statements and Management Discussion and Analysis for the first quarter of 2012. All amounts are presented in Canadian dollars unless otherwise stated. For the full Financial Statements or MD&A please visit the Company’s website www.diabras.com or SEDAR at www.sedar.com
Cayden Resources Inc. is pleased to announce that it has received new trench assays from the La Magnetita prospect at its Morelos Sur Gold Project. Highlights include 24m of 1.65 g/t Au, 25m of 0.72 g/t Au, and 25m of 0.52 g/t Au. The intercepts are in the western part of the five km long soil anomaly (see NR dated May 16, 2012). To date, approximately one km of the anomaly has had extensive road and trench construction with the mineralized trenches occurring over a 700m strike length (please see www.caydenresources.com for a trench location map). An additional 363 trench samples are pending assay and will be released shortly. In addition, Cayden has also been constructing a detailed geologic map of the La Magnetita area and has begun drill pad construction. The Company expects to begin drilling at La Magnetita within a week’s time.
Golden Minerals Company is pleased to announce the sale of the Company’s 1% net smelter royalty interest in the Platosa property to Excellon Resources Inc. for US$2.4 million. The Platosa property, which is located north of Torreon, Mexico, is a silver, lead and zinc mine owned by Excellon. At current metal prices, the Company was realizing approximately $400,000 per year in royalty payments. Closing of the transaction is anticipated within thirty days with an effective date of June 1, 2012.
Skeena Resources Limited announces that it is proceeding with the shareholder approved consolidation of the outstanding common shares of the Company as per the Company’s AGM held on September 7, 2011. The consolidation of Skeena Resources Limited’s common shares on the basis of one postconsolidation common share for every five preconsolidation common shares will be effective as of the market open on Friday, June 1, 2012, under the current stock symbol of SKE.
Minaurum Gold Inc. is pleased to report that Ocean Park Ventures Corp has released significant additional copper- silver intercepts from the third and fourth holes of their Phase 1 drilling program on Minaurum’s Adelita Project. (see Ocean Park news release dated May 31, 2012) Drill hole (CGDD12-012) cut 201.4 metres of 0.52% Copper from 27 to 228.4 metres downhole, including 69.3 m of 1.28% Copper; 0.36 g/t Gold and 32.6 g/t Silver.
Baja Mining Corp., which raised going concern doubts earlier this month, will cut 40 percent jobs at its headquarters in Vancouver as it does not expect additional funding for its copper-cobalt-zinc project in Mexico by mid-June.
Aura Silver Resources Inc. announces that it intends to raise up to a maximum of $500,000 by way of a non-brokered private placement of units. Each unit will consist of one common share and one common share purchase warrant. Each Unit will be offered at a price of $0.05 per Unit. Each Unit will contain a whole warrant to be exercisable for a period of two years from the closing of the offering at $0.10 per common share. This offering of Units would give rise to the issuance of a maximum of 10,000,000 Units.
IMPACT Silver Corp. reports financial and production results for the first quarter 2012, ended March 31. The first quarter results were lower compared to the same period in 2011 due to unfavorable foreign exchange fluctuations relative to the Canadian and U.S. dollars and the Mexican peso, and the decreasing silver grades at depth in the Chivo Mine, which is currently being addressed by accelerating plans to bring the high-grade Oscar Mine into production before year-end.
Hole LP1008 drilled at Rincon del Caido near previously disclosed hole LP986 and testing the same stratigraphy has encountered two mineralized zones separated by 100 metres within the same marble unit. The upper zone assayed 332 g/t (9.7 oz/T) Ag, 11.40% Pb, 9.74% Zn over 1.91 m. A narrow felsic dyke, another indication of a Source environment was found between the two intersections;
Tara Minerals Corp. is pleased to announce that its subsidiary, Adit Resources Corp., has entered into an agreement for the sale of American Copper Mining S.A. de C.V., the holder of Adit’s Picacho group of concessions, to Yamana Mexico Holdings B.V., a subsidiary of Yamana Gold Inc.
Cerro Resources NL is pleased to announce the findings of the independent definitive Feasibility Study (“FS”) for the 4.5Mtpa open pit, First Stage Heap Leach component of the Cerro del Gallo gold/silver project, located in Guanajuato State, Mexico.
Baja Mining Corp. provides the following update on liquidity and recent corporate developments.
Vista Gold Corp. today announced the appointment of John F. (“Jack”) Engele as Sr. Vice President – Chief Financial Officer of the Corporation. Ms. Terri Eggert, Interim Chief Financial Officer, will continue with the Corporation for a short period to ensure a smooth transition.
Scorpio Mining Corporation is pleased to report initial results from the recently completed drill program at its 100% owned El Cajón Project near Cosalá, Sinaloa, Mexico.
Bell Copper Corporation announces that a consolidation of its common shares will be proposed to its shareholders at the upcoming annual and special meeting of shareholders scheduled to be held on June 26, 2012.
High Desert Gold Corporation reports that it has released its unaudited condensed interim consolidated financial statements for the three months ended March 31, 2012 and the related management’s discussion and analysis of financial position and results of operations (“MD&A”).
Galore Resources Inc. has closed its non-brokered private placement offering of CDN $750,000 announced on Wednesday May 2, 2012. The total number of securities issued in the financing consists of 7,500,000 Units priced at $0.10 per unit.
Victory Resources Corp. is pleased to announce that it has completed the 1st stage drill program on the Matanza tailings pond located at the Reforma mine.
Kimber Resources Inc. is pleased to announce the results from two drill holes designed to test for new structures in the “Carmen East” area on its 100%-owned Monterde property. Drill hole MTC-163 intercepted multiple mineralized structures, including two with high-grade gold-silver mineralization: one returning 4.3 g/t gold and 166.6 g/t silver over 2.1 metres and the other grading 3.2 g/t gold and 222.0 g/t silver over 1.5 metres.
Arian Silver Corporation, 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 and unaudited Financial Statements for the three months ended 31 March 2012.
Westridge Resources Inc. announces that the cumulative strike length of all mineralized vein structures on the Charay Property is now approximately 4,000 meters compared to 250 meters when the project was acquired. This has been accomplished through ongoing interpretation of the results of drilling, geological mapping, trenching and sampling, all of which continues to identify new epithermal veins.
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