Month: August 2012

Investiga Profepa legalidad de empresa de Slim en Puebla

La Procuraduría Federal de Protección al Ambiente (Profepa) dará un resolutivo respecto a la legalidad con la que la Minera Frisco realiza estudios en Tetela de Ocampo, con el fin de ubicar yacimientos de oro y plata.

Corex Announces Non-Brokered Private Placement for 13,500,000 Units

Corex Gold Corp. is pleased to announce a non-brokered private placement for up to 13,500,000 units at a price of $0.08 per Unit for aggregate proceeds of up to $1,080,000. Each Unit consists of one common share and one share purchase warrant. Each Warrant entitles the holder to subscribe for one common share at a price of $0.15 for a period of twenty four months following the closing of the Financing.

Newstrike Capital Intersects 103.11 Meters of 5.06 g/t Au at the Ana Paula Project

Newstrike Capital Inc. announces the results from 3,973 meters of drilling completed this period as part of the 2012 drill program in progress at the Company’s 100%-owned Ana Paula Project in the Guerrero Gold Belt. The results are from the ongoing delineation program in the southeast quadrant and from new exploration in the southwest quadrant. Results from the Breccia zone delineation program indicate that mineralization still remains open in several directions and at depth. New step out drill holes are planned to follow up on these results.

Primero Reports Record Second Quarter 2012 Results; and Increases 2012 Production Guidance

Primero Mining Corp. today reported financial results for the second quarter ended June 30, 2012. The Company reported net earnings of $15.0 million ($0.17 per share) with adjusted net earnings(1) of $15.4 million ($0.17 per share) and record operating cash flows(2) of $35.8 million ($0.41 per share). The Company also announced that it has increased 2012 annual production guidance by 10% to between 110,000 and 120,000 gold equivalent ounces.

Arco Extends Expiry Date of Warrants

Arco Resources Corp. announces that it has extended the expiry date of its unexercised share purchase warrants, issued August 3, 2010 to February 3, 2013. The extension, which is subject to the approval of the TSX Venture Exchange, applies to the 5,500,000 Warrants still outstanding, which have an exercise price of $0.10 each.

Serengeti Completes Drill Program and Reports Results from Cuates Property, Mexico; Plans Drill Program at Kwanika

Serengeti Resources Inc. reports the completion of a reverse circulation drill program on three properties in Chihuahua, Mexico, and reports the results from two of these. Results were previously reported from the third property, Victoria, where drilling encountered gold-silver with associated zinc +/- lead mineralization hosted in silicified sediments within a 500 metre long zone open laterally and at depth.

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