Month: May 2012

Southridge Signs Letter of Intent to Purchase El Horconcito Gold Mine

Southridge Enterprises Inc. is pleased to announce that the Company has signed a Letter of Intent with San Dimas Mineria S.A. to acquire a 100% interest in the El Horconcito Gold Mine, in the state of Durango, Mexico. El Horconcito is located in the San Dimas mining municipality of Durango, close to the Sinaloa border.

Dia Bras expands silver mineralization at the Promontorio and Santa Eduwiges mines, Cusi Property

Dia Bras Exploration Inc. is pleased to report that continued surface and underground drilling at its Promontorio mine (figure 1:Cusi Project Map View) has expanded the Promontorio disseminated silver deposit and the El Gallo veins while development work on Level 9 of Promontorio mine has encountered good grades of silver in the disseminated zone. Additionally, drilling at Santa Eduwiges has cut several new zones of high grade silver mineralization.

Premier Announces Proposed Changes to Board of Directors Ebe Scherkus to Become Corporate Chairman

PREMIER GOLD MINES LIMITED announces proposed changes to the Company’s Board of Directors, to be effective at the upcoming Annual General Meeting of Shareholders scheduled for 4:00pm, June 28, 2012, at the Toronto Board of Trade. Proposed additions to the Premier team include Mr. Ebe Scherkus as Director and Chairman and Mr. Claude Lemasson as Director. Premier’s current Chairman, Mr Richard J. (Ritch) Hall and Director John A. Pollock will not be standing for re-election.

Capstone Reports Board Change

Capstone Mining Corp. today announced that Korea Resources Corporation’s representative on Capstone’s board of directors has changed. Pursuant to formation of the strategic partnership for the development of the Santo Domingo project and Shareholders Agreement for the project between Capstone and KORES dated June 17, 2011, KORES is entitled to appoint one representative to Capstone’s board.

Avino Updates Progress at San Gonzalo

Avino Silver & Gold Mines Ltd. is pleased to provide the following update on the progress made at its San Gonzalo Mine located 82 KM NE of Durango, Mexico.

Azure Minerals Limited : Promontorio Update

Azure Minerals Limited, the Mexican-focused minerals exploration company, is pleased to provide an update of recent activities from its high grade copper-gold-silver Promontorio Project, located in Chihuahua Mexico.

Mercator Minerals Reports First Quarter 2012 Results

Mercator Minerals Ltd today announced its financial results for the three months ended March 31, 2012. Revenues in the first quarter 2012 were $65.2 million, an increase of 17% over the first quarter 2010, while gross profit was $17.9 million in the first quarter 2012, an increase of 12% over the comparable three months of 2011. Cash flow from operations (before changes in non-cash working capital items) was $7.1 million in first quarter 2012 as compared to $0.2 million in the same quarter of 2011 and net loss in the first quarter 2012 was $20.5 million ($0.08 per share, basic) or $1.5 million ($nil per share, basic) on an adjusted net income basis*.

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.