Lone Star Gold, Inc. is pleased to announce that on April 30, 2012, the Company signed an Investment Agreement with Fairhills Capital Offshore LTD outlining the terms and conditions under which the Investor has agreed to provide the aggregate amount of up to $24 million to the Company in exchange for the purchase of Lone Star’s Common Stock.
International Millennium Mining Corp. reports its financial statements and MD&A (the “Quarter and Annual Report”) for the 4th Quarter and Year Ended December 31, 2011 (BC Form 51-102F1). Pursuant to the requirements of National Instrument 54-102, this news release provides a summary of the information contained in the 2011 Audited Consolidated Financial Statements for the year ended December 31, 2011.
Southern Silver Exploration Corp. reported today that drilling on the Cerro Las Minitas project, located in Durango State, Mexico, continues to extend laterally and to depth, projections of the known mineralized structures at both the Blind Zone and El Sol deposits.
Paramount Gold and Silver Corp. today reported outstanding new assays from the southward extension of the high-grade La Union zone which could have major consequences for its 100%-owned San Miguel Project in Mexico.
Alamos Gold Inc. reports operating and financial results for the first quarter of 2012 and provides a review of its operations, exploration and development activities.
Oro Mining Ltd. announces that at the Annual General Meeting of Shareholders held today, May 1, 2012, Messrs. Robert Kendrick, Ron Ewing, Stuart Rogers and John Brownlie were elected to serve as directors of the Company. In addition, all other motions put forth at the Meeting were approved, including the re-appointment of DeVisser Gray LLP as auditors of the Company and the ratification and re-approval of the Company’s 10% rolling stock option plan (subject to TSX Venture Exchange approval).
Cangold Limited is pleased to announce that field work has commenced on the Plomo gold project in northern Sonora, Mexico. The Plomo Project has five gold zones associated with low angle faulting within a one by five kilometre area. Geological mapping and detailed surface rock sampling are being carried out to locate and delineate complex structural zones and associated low grade bulk tonnage gold mineralization for follow-up drill testing. Both northwest and northeast trending structures on the property have been shown to be mineralized and the areas where the two intersect are a priority for detailed field work.
International Northair Mines Ltd. is pleased to announce the assay results from five additional core holes completed at its La Cigarra silver project, located in north central Mexico. Two holes were completed within a previously untested area between the San Gregorio and Las Carolinas zones and three holes are from in-fill drilling within the Las Carolinas Zone.
Amato Exploration Ltd. announced today that effective immediately, the Company has terminated its agreement with its Investor Relations consultant, Mr. Jose Perez. This action was done as a cost cutting measure to preserve the Company’s working capital. The Company thanks Mr. Perez for his service and wishes him well in his future endeavours. In the interim, all future Investor Relations activities will be handled by Amato’s President & CEO, Mr. James D. Romano.
Orex Minerals Inc. announces that it has engaged Jada Jennings as a Senior Communications & Investor Relations Consultant pursuant to an agreement dated May 1st, 2012. Ms. Jennings will be based out of the Vancouver head office, and will report to Gary Cope, President.
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