Day: October 22, 2012

Almaden Drilling Hits 25.7 Meters of 3.4 g/t AuEq (0.86 g/t Au, 127.8 g/t Ag) on Northeast Extension, Hits on Ixtaca North Zone and Expands Main Ixtaca Zone to Northeast

Almaden Minerals Ltd. is pleased to announce further results from the on-going exploration drill program at the Company’s 100% owned Tuligtic project, Mexico with holes TU-12-176, 181, 186, 188 to 195, 197 to, 200, 203, 205, 206, 209 and 216. The holes were drilled as part of Almaden’s on-going four drill exploration program which has been designed to enable the calculation of a preliminary resource estimate. The intersections reported today demonstrate the continuity of the known mineralisation as well as the presence of high grades locally. Highlights from the holes released today include the following intercepts:

Paramount Gold and Silver Climbs 3% on Gold Project Results

Paramount Gold and Silver Corp. ( PZG ) is up 3.23% to $2.56 after announcing that it has received the final results from a large-scale, comprehensive metallurgical test program for its 100%-owned San Miguel Project in northern Mexico.

Galore’s Warrant Extension Accepted

Galore Resources Inc. announces that the TSX Venture Exchange has granted its acceptance to extend warrants issued in connection with a non-brokered private placement originally completed in October, 2009. The original expiry date of these warrants was October 27, 2011 and they had been extended to expire October 27, 2012. The expiry of these warrants will now be extended by an additional six months.

First Mexican Announces Equity Financing

First Mexican Gold Corp. has entered into a letter of engagement with Euro Pacific Canada Inc. pursuant to which the Agent has agreed to place, on a commercially reasonable best efforts basis, up to ten million units of the company at a price of $0.10 per unit for gross proceeds of up to $1.0 million dollars. Each unit consists of one common share plus one-half of one common share purchase warrant, with each whole purchase warrant exercisable into a common share at a price of $0.14 for a period of 24 months from closing.

Bandera Announces $600,000 Private Placement

Bandera Gold Ltd. announced today a proposed non-brokered private placement of up to of 12,000,000 units of Bandera at a price of $0.05 per unit, for proceeds of up to $600,000. Each unit will consist of one common share and a half warrant. Each whole warrant entitles the holder to purchase an additional common share at a price of $0.10 per share for a period of two years from closing of the private placement.

Canasil Reviews La Esperanza and Other Mexico Projects

Canasil Resources Inc. announces that Canasil was featured in the Korelin Economics Report radio show on Saturday October 20, 2012. Al Korelin and Bahman Yamini, President & CEO of Canasil, discussed the Company’s La Esperanza silver-lead-zinc project, where MAG Silver Corp. has mobilized for a 3,500 metre diamond drill program under an option agreement to earn a 60% interest through CAD$ 5,000,000 in exploration expenditures from September 2010 to September 2014. The interview also covered Canasil’s Salamandra silver-copper-zinc and Sandra-Escobar silver-gold projects in Durango State, Mexico, both hosting potentially large mineralized systems with significant exploration completed to date.

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.

All News

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.