Day: June 20, 2012

Guerrero Announces Amendment to Financing, Extension of Warrants

Guerrero Exploration Inc. announces that it has, subject to regulatory approval, amended the terms of its previously announced non-brokered private placement of up to $250,000 by issuing 5,000,000 units at $0.05 each by amending the terms of the warrants being offered.

AuRico Gold CEO Says It Will Be ‘Opportunistic’ in M&A

AuRico Gold Inc. (AUQ), the Canadian miner that bought Northgate Minerals Corp. for C$1.34 billion ($1.31 billion) in October, said it will be “opportunistic” in considering further deals after gold-asset valuations fell.

Soltoro Intercepts 18 Metres of 161 g/t Silver Including 4.5 Metres of 378 g/t Silver in Discovery Zone at El Rayo Project

Soltoro Ltd. has completed in excess of 10,000 metres of this year’s planned 20,000 metre drill program at its El Rayo primary silver project in Jalisco, Mexico. Results from the latest round of drillinginclude high-grade silver intercepts of 1.2 metres of 706 g/t silver at the La Soledad West deposit and 4.5 metres of 378 g/t silver in a newly discovered zone east of the Matachines mine at the south end of the Las Bolas structure. Drilling continues in order to expand existing silver resources along extensions of known resource areas and at newly identified prospective exploration target areas.

Candente Gold Advises 70% Interest Earned in on El Oro Gold-Silver Project Mexico

Candente Gold Corp. is pleased to announce that the Company has fulfilled all requirements necessary to complete the exercise of its second option to earn an undivided 70% interest in the El Oro Gold Project located in Mexico and Michoacan States of Mexico, from Goldcorp S.A. de C.V. (“Goldcorp Mexico”, formerly Luismin S.A. de C.V.) a subsidiary of Goldcorp Inc.

Camino Outlines 1.5 km By 2 km Area of Anomalous Gold And Silver at El Secreto Gold-Silver-Copper Project

Camino Minerals Corporation is pleased to announce that a soil geochemical survey has outlined a large area, approximately 1.5 km by 2 km, of anomalous gold and silver values at the recently optioned El Secreto Gold, Silver and Copper Project located Sinaloa State, Mexico. The area, known as the El Secreto Zone is located in the northeastern part of the property. Rock samples taken from the ELZ have returned up to 6.31 g/t gold and up to 178 g/t silver.

Yale Sells Guadalupe Property to Penoles

Yale Resources Ltd. is pleased to report it has sold its interest in the Guadalupe Property to Exploraciones Minera Parreña S.A. de C.V., a company owned by Industrias Peñoles S.A. de C.V. for the gross amount of US$ 135,920.

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.