HIGHLIGHTS
Considerable growth in underlying EBITDA despite a volatile market environment
· Underlying EBITDA of EUR 265 million, up 26% in 2011 compared to 2010.
· Solid financial position with gearing1 of 35% as at 31 December 2011.
· Proposed distribution of EUR 0.16 per share via a share capital reduction.
Yale Resources Ltd. is pleased to report that a comprehensive work program is now underway at the Urique Project, located in Chihuahua State, Mexico, immediately north of Goldcorp’s El Sauzal gold mine and immediately south of Kimber Resources’ Monterde Property. Work at Urique is being performed on behalf of optionee Mammoth Resources Ltd.
Geologix Explorations Inc. is pleased to announce results from the property-wide airborne geophysical survey completed over the Company’s entire 172 square kilometre Tepal project in Michoacán State, Mexico (see the Company’s news release dated December 2, 2011). Results of the survey have identified multiple new prospective exploration targets warranting immediate follow-up. See the attached geophysical map or visit the Company’s website at www.geologix.ca for more details.
Silver Bull Resources, Inc. is pleased to announce the appointment of Joshua Crumb and John McClintock to the Board of Directors. With the addition of Mr. Crumb and Mr. McClintock, Silver Bull increased the size of the Board from six to eight members. Two current Board members, Dr. Nicole Adshead-Bell and Duncan Hsia will not stand for reelection to the Board at the next annual meeting of shareholders planned for April of this year thereby reducing the Board back to six members after the AGM. In advance of the AGM Silver Bull would like to thank Dr. Adshead-Bell and Mr. Hsia for their very valuable input as directors of Silver Bull and wish them well for their future endeavours.
We are pleased to present a review of Avino’s achievements in 2011 and outlook for 2012. Last year was a mile stone year for Avino despite the turmoil witnessed in the global financial markets. Considerable progress was made towards our goal of becoming a multi-million ounce annual silver producer.
Silver Bull Resources Inc. (TSX:SVB, NYSE AMEX:SVBL) is a Vancouver, British Columbia based mineral exploration and development company. The Companys prime asset is the Sierra Mojada Project located in the State of Coahuila, North Mexico.
Garibaldi Resources Corp. is pleased to announce the appointment of Dr. Craig Gibson to its Board of Directors. Dr. Gibson holds a Ph.D. in Economic Geology & Geochemistry from Mackay School of Mines, University of Nevada, Reno and is a Certified Professional Geologist and member of the American Institute of Professional Geologists.
High Desert Gold Corporation is pleased to report that it has closed its previously announced private placement of 20,928,394 units of the Company at a price of $0.225 per share for total gross proceeds of $4,708,888 million.
Bowmore Exploration Ltd. is pleased to announce the start of a Phase One 2,500 meter diamond drill program on the CHIVAS property located in Sonora, Mexico.
Kootenay Gold Inc. is pleased to announce that the Company has completed all necessary application processes and obtained regulatory approval to change its name to “Kootenay Silver Inc.” from “Kootenay Gold Inc.”. The Company’s shares will trade on the TSX Venture Exchange under the new name at market open on Tuesday, February 21, 2012. The trading symbol of the Company will remain as “KTN”.
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