Day: July 24, 2012

Guerrero Issue Further Shares to Acquire Chapalota Gold Property in Sinaloa, Mexico

Guerrero Exploration Inc. announces that it has applied for regulatory approval to issue a total of 300,000 common shares at a deemed issue price of $0.06 per share in respect to its previously described Letter Agreement with Riverside Resources Inc. dated March 3, 2011, and outlined in further detail in the press release dated March 7, 2011. The agreement provides for 150,000 shares to be issued 12 months and 18 months from the effective date. The shares will be subject to a 4 month hold period.

Torex Receives Water Usage Permit For Mining Operations

Torex Gold Resources Inc. is pleased to announce that its wholly owned subsidiary, Minera Media Luna S.A. de C.V., has received the water concession required for the future operations of its proposed mine and mill at its Morelos Gold Project in Mexico. The permit was issued by the Ministry of Environment and Natural Resources (SEMARNAT), through its National Water Commission (CONAGUA) and provides for the annual use of up to five million cubic meters of water from an underground aquifer.

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 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.