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.
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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.
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