Year: 2012

Santacruz Announces NI 43-101 Resource at San Felipe

Santacruz Silver Mining Ltd. is pleased to announce an update regarding its activities in Mexico at the San Felipe project, including an initial independent National Instrument 43-101 Mineral Resource estimate. The Mineral Resource estimate was completed by Kelsey Zabrusky under the supervision of Zachery Black SME-RM and Donald E. Hulse PE and SME-RM, of Gustavson Associates, LLC, both of whom are independent “qualified persons” under NI 43-101.

Arian Silver – Operations Update

Arian Silver Corporation a silver exploration, development and production company with a focus of projects in the silver belt of Mexico, announces its wholly owned subsidiary, Arian Silver de Mexico SA de CV is in dispute with the owner of the toll mill which is contracted to process ore from the trial mining operation at the San José mine in Zacatecas State in Mexico; this has resulted in the suspension of milling operations. Detailed discussions to resolve the dispute are under way.

“Quieren destruir una parte de la Sierra Norte de Puebla”

Minera Meteoro. Grupo Frisco: El incremento de la exploración, a finales de diciembre de 2011, en las más de 10 mil hectáreas concesionadas a la empresa puso en alerta a los habitantes del municipio, quienes constituyeron una organización para frenar la extracción de oro y plata.

Baja Mining Provides Update

In May, Baja retained BMO Capital Markets to assist in considering financing options and possible sources of funding. Non-disclosure agreements were signed by a number of interested parties, who were granted access to Baja’s data room and attended management presentations. A draft independent engineering report prepared by SRK was recently provided to parties participating in the BMO process.

Endeavour Silver and AuRico Gold Complete the Purchase/Sale of the El Cubo Mine and Guadalupe y Calvo Project in Mexico

Endeavour Silver Corp. and AuRico Gold Inc. are pleased to announce that they have completed the acquisition by Endeavour of 100% interests in AuRico Gold’s El Cubo silver-gold mine in Guanajuato State, Mexico and the Guadalupe y Calvo silver-gold exploration project in Chihuahua State, Mexico. Total consideration paid at closing by Endeavour was US$200 million comprised of US$100 million in cash and US$100 million in Endeavour common shares (11,037,528 shares). AuRico will also be entitled to receive up to an additional US$50 million in cash payments from Endeavour conditional on the occurrence of certain events during the next three years. Endeavour will provide more details on its plans for El Cubo and Guadalupe y Calvo next week.

Almaden Hits 11.00 Meters of 1.09 g/t Au and 580.7 g/t Ag (12.7 g/t AuEq) in Ixtaca North Zone

Almaden Minerals Ltd. is pleased to announce further results from the on-going four drill exploration program on the Company’s 100% owned Tuligtic project, Mexico with hole TU-12-145 drilled into the Ixtaca North Zone, a developing parallel zone to the Main Ixtaca Zone. The intercept in hole TU-12-145 includes high grades and expands the known extent of Ixtaca North Zone. Highlights from hole TU-12-145 include the following intercepts (a more complete list of intercepts is shown in the table below):

Sierra Madre Developments and Partner Riverside Resources Announce Additional Drill Results From El Capitan in Durango, Mexico

Sierra Madre Developments and its partner, Riverside Resources Inc. are pleased to announce additional drill results from the 2012 drill program at the El Capitan Target (a near surface, shallow dipping, oxide gold deposit), which forms part of the Company’s Peñoles Project in Durango, Mexico. Drilling in 2011 (18 holes) indicated potentially economic grade mineralization over significant widths (30 to 110 meters) and good continuity of the mineralized zone over a strike length of approximately 700 meters (referred to as the Main zone – see press release dated October 24, 2011). The El Capitan Zone is exposed in the side of a low ridge and most of the 2011 program consisted of inclined holes drilled from the top of the ridge at an azimuth of 030 degrees (perpendicular to the strike of El Capitan). The current program consists of an additional 20 holes (funded by Sierra Madre) designed to test the down dip extent of mineralization and provide sufficient drill hole density for an initial resource calculation.

All News