Torex Gold Resources Inc. is pleased to announce that its wholly-owned subsidiary, Minera Media Luna S.A. de C.V., has signed a long-term, common land lease agreement with the Real del Limon Ejido for all of the remaining common use land that is required (222 hectares) for the future construction, mining, and processing of gold at its Morelos Gold Project in Guerrero State, Mexico.
Pan American Goldfields Ltd. is pleased to announce the mineral production and revenues received from its Cieneguita Project located in Chihuahua, Mexico for the third quarter ending November 30th, 2011.
California Gold Corp. recently announced that it is planning to start a drilling program at its AuroTellurio Project located near the town of Moctezuma in Sonora, Mexico. Diamond drilling operations, involving a total of 3,000 meters of core drilling aimed to test three specific targets, are scheduled to commence in April 2012.
Bell Copper Corporation is providing the following update on its La Balsa project in Michoacan, Mexico.
Fresnillo has no plans for a special dividend despite strong cash position, no debt
-Fresnillo plans to use cash to fund a 54% rise in its 2012 capex plan
-Fresnillo on track to open every year a new mine or complete expansion project over next 5 years
Guerrero Exploration Inc. (“Guerrero” or the “Company”) (TSX-V: “GEX”) announces that the Company has amended the terms the previously announced private placement being brokered by Euro Pacific Canada Inc. (the Agent). Subject to regulatory approval, the placement now consists of up to 12,000,000 Units at $0.125 per Unit for total gross proceeds of $1,500,000. Each Unit will consist of one common share and one-half of a common share purchase warrant (a “Warrant”). In addition, the Company will grant the Agent an option to sell up to 15% additional Units under the same terms to raise additional gross proceeds of $225,000. Each whole Warrant will entitle the holder to purchase one common share at $0.25 for a period of 12 months from the date of closing.
El Tigre Silver Corp. is pleased to report that its 2012 core drilling program at its El Tigre silver project has started on schedule. The El Tigre silver project is located on concessions that are part of the Company’s 431 square kilometer concession ownership in Sonora, Mexico.
The company has hired Gerado Tarin Zapata as its Senior Geologist. Mr. Zapata has over 20 years of experience including 6 years at the Dolores project, which included exploration of the epithermal – hydrothermal ore deposit resulting from the Sierra Madre volcanics.
Newstrike Capital Inc. is pleased to announce that it has closed its previously announced C$24.8 million bought deal private placement of common shares. Newstrike issued a total of 8,000,000 common shares at a price of C$3.10 per common share raising gross proceeds of C$24.8 million. The private placement financing was placed by a syndicate of underwriters led by Cormark Securities Inc. and including GMP Securities L.P., Scotia Capital Inc., Euro Pacific Canada Inc., Desjardins Securities Inc., Macquarie Capital Markets Canada Ltd. and Raymond James Ltd.
Southern Silver Exploration Corp. reported today that recently received assays from 2012 drilling have identified silver-enriched high-grade polymetallic mineralization in several separate target areas on the Cerro Las Minitas project, located in Durango State, Mexico.
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