First Mexican Gold Corp. would like to announce that it has received partial results from the recent drill program with results from its first two step out holes on the Karen zone with two holes yet to be reported. These holes were drilled some 36 meters above the fourth and fifth holes.
Southridge Enterprises Inc. is pleased to announce today that Southridge Minerals, Inc., its wholly owned subsidiary, has signed a definitive agreement with San Dimas Mineria S.A. to acquire a 100% interest in the “La Canita” Gold property, in the state of Durango, Mexico. The Purchase Price for the assets comprising the mineral concessions “La Canita” shall be USD$3,550,000. La Canita is located in the San Dimas mining municipality of Durango, in close proximity to the Sinaloa border.
Mr. George A. Brown, President of MacMillan Minerals Inc., is pleased to announce additional results from the diamond drilling, trenching, and sampling programs at the Las Cucharas Gold and Silver Project in Mexico. Mr. William Hamilton, P. Geo., Manager of Exploration, is a Qualified Person under the meaning of National Instrument 43-101 and is responsible for all technical information contained in this news release.
Scorpio Mining Corporation reported that production in the third quarter ended September 30, 2012 from its Nuestra Senora operations totalled 534,075 silver equivalent ounces.
US-based mining company Golden Minerals has reported an increase in its gold, silver production at its Velardeña Operations in Mexico for the third quarter of 2012 .
San Marco Resources Inc. announces that it is arranging a non-brokered private placement of 8,000,000 units at $0.13 per unit for gross proceeds of $1,040,000.
Endeavour Silver Corp. announces that the Company’s silver and gold production from the Company’s three operating silver mines in Mexico, the Guanacevi Mine in Durango State and the Bolanitos and El Cubo Mines in Guanajuato State, continued to climb in the Third Quarter, 2012.
Mexus Gold received a geological report prepared by an independent geologist covering part of the Julio Property near the current placer plant and northward toward the Julio Vein. The property is situated on or near the Mojave-Sonora Mega Shear Zone which is well known as a major source of gold bearing zones presently being mined by several major gold production companies. The following is a summary of the findings of the report:
Goldgroup Mining Inc. announced today that its Board of Directors has appointed Executive Chairman, Gregg J. Sedun, to also fill the role of President and Interim Chief Executive Officer, replacing Mr. Keith Piggott. Mr. Piggott is a major shareholder of the Company and continues to serve on the Company’s Board of Directors. This leadership appointment is effective immediately.
QRS Capital Corp. announces the closing on October 11, 2012 of its previously announced non-brokered private placement. The Company issued 2,625,000 units (representing an additional 125,000 Units than previously announced) at a price of $0.20 per Unit, for aggregate gross proceeds of $525,000. Each Unit consisted of one common share and one half of one common share purchase warrant. Each whole Warrant will entitle the holder to purchase one common share of the Company at a price of $0.40 per common share for a period of 24 months from the closing date of the Private Placement.
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