Day: July 18, 2012

San Marco Closes First Tranche of $306,000 in Private Placement

San Marco Resources Inc. has completed the first tranche of its non-brokered $700,000 private placement of units announced June 20, 2012 by selling 3,060,000 units at $0.10 per unit for gross proceeds of $306,000. The proceeds of the placement will be used for continued drill target definition on San Marco’s 100% owned Los Carlos II gold-silver property, drill target identification on its recently acquired Angeles property, and general working capital.

Timmins Gold announces Commencement of Drill Program on its Zacatecas Claim Package

Timmins Gold Corp. announces that it has started an initial 5,000 metre core drill program at its San Onesimo project in Zacatecas, Mexico. The San Onesimo project consists of 5 claims covering a surface of approximately 6,400 ha. The project is in a prolific mining district and is located 16 km to the northeast of Goldcorp’s Camino Rojo project and 80 km southeast of Goldcorp’s Penasquito mine.

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.