Kootenay Gold Inc. is pleased to announce name change to Kootenay Silver Inc. as Company reports 25,000 meter in-fill drill and resource definition program nears completion on Promontorio Silver Project in Sonora, Mexico.
El Tigre Silver Corp. is pleased to report that all assaying has been completed on its tailings silver-gold recovery project. The assay results from the auger holes continue to confirm the results from previous sampling programs and the overall silver-gold content of the tailings from 35 years of high grade silver/gold mining. The El Tigre tailings are located on concessions that are part of the Company’s 431 square kilometer concession ownership in Sonora, Mexico.
Westridge Resources Inc. announces that the strike length of the high grade epithermal gold and silver El Padre Vein system in the Charay Project in northern Sinaloa State, Mexico has expanded from 240 metres to nearly 1,000 metres through a recent trenching and surface sampling program.
Lone Star Gold, Inc. is pleased to announce that on January 26, 2012, the Company signed a Joint Venture Agreement with the specially formed Mexican subsidiary company, AMIKO KAY, S de RL de CV, and Miguel Jaramillo to process 1.2 million tons of mine tailings at the San Antonio del Potrero mine tailings project. Lone Star acquired an undivided 65% interest in the Tailings Project, which is located in the city of Hidalgo Del Parral in the state of Chihuahua, Mexico.
Vancouver, B.C. – Starcore International Mines Ltd. (the “Company”) is pleased to announce that after payment of the final forward sales contract for the sale of gold at $731 on January 31, 2013, the Company expects to be in a position of generating significant net cash flow. At such point, the Board of Directors anticipates that it will use its surplus funds to expand its exploration and development program to increase reserves at San Martin Mine. The Board also intends to mark the end of its hedge obligations to Investec Bank (U.K.) Limited by declaring dividends to its shareholders in 2013.
GREAT PANTHER SILVER LIMITED advises that R. W. (Bob) Garnett, CA, ICD.D., has been appointed Independent Chairman of the Company’s Board of Directors, replacing Kaare Foy, who has stepped aside after serving more than 18 years as a Director of the Company and almost eight years as Executive Chairman. Mr. Foy will continue as a consultant to the Company.
Newstrike Capital Inc. announces that its wholly-owned Mexican subsidiary, Minera Aurea, has entered into a purchase option agreement for certain privately held land parcels at the Ana Paula Project in Guerrero State, Mexico. The Company will acquire 100% ownership in approximately 935.85 hectares by making staged payments over the next four years for a total of C$983,624 (based on a 13.32 Mexican peso exchange rate the day of signing). This agreement is pending final registration with the Mexican Government.
Lincoln Mining Corporation announces that further to its news release of January 30, 2012, the Company plans to increase its non-brokered private placement to up to 4,666,667 units at a price of $0.075 per unit (“Units”) for total proceeds of up to $350,000. Each Unit will be comprised of one common share of the Company and one half of one non-transferable common share purchase warrant. Each whole purchase warrant will entitle the holder to acquire one additional common share of the Company at a price of $0.10 per share for a period of one year from closing.
Soltoro Ltd. has filed its NI 43-101 resource estimate for its 100% owned El Rayo silver project on SEDAR and made it available on the Company’s website. The report was prepared by Roscoe Postle Associates Inc. The El Rayo property is located approximately 110 km west-northwest of Guadalajara, Jalisco State, Mexico. The NI 43-101 compliant Mineral Resources were estimated by RPA and include an updated estimate for the Las Bolas and Highway Zone structures and an initial estimate for the La Soledad structure.
VANCOUVER, BRITISH COLUMBIA, Feb 02, 2012 (MARKETWIRE via COMTEX) — El Tigre Silver Corp. (“El Tigre” or the “Company”) (otcqx:EGRTF)(frankfurt:5RT) is pleased to announce that it will be applying to the TSX Venture Exchange for approval to the extension of the expiry date of 4,087,569 common share purchase warrants issued on February 11, 2010 from February 11, 2012 to February 11, 2013. These warrants were issued as part of a private placement transaction and are exercisable at $0.60 into 4,087,569 common shares of the Company.
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