Day: May 1, 2012

Cangold Commences Field Work At Plomo And Updates Ixhuatan Metallurgical Testing Program

May 1, 2012

Cangold Limited is pleased to announce that field work has commenced on the Plomo gold project in northern Sonora, Mexico. The Plomo Project has five gold zones associated with low angle faulting within a one by five kilometre area. Geological mapping and detailed surface rock sampling are being carried out to locate and delineate complex structural zones and associated low grade bulk tonnage gold mineralization for follow-up drill testing. Both northwest and northeast trending structures on the property have been shown to be mineralized and the areas where the two intersect are a priority for detailed field work.

QRS Capital Corp. Closes First Tranche of Previously Announced Non-Brokered Private Placement

May 1, 2012

QRS Capital Corp. announces the closing on April 30, 2012 of the first tranche of its previously announced non-brokered private placement of units of the Company at a price of $0.40 per Unit. The first tranche represented 1,598,850 Units for aggregate gross proceeds of $639,540. Each Unit consisted 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 until April 29, 2014.

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Major Drilling Group International Inc.

Major Drilling Group International Inc. is one of the world’s largest drilling services companies primarily serving the mining industry. Established in 1980, Major Drilling has over 1,000 years of combined experience and expertise within its management team alone.

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Maza Diamond Drilling

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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