Oro Mining Ltd. is pleased to announce that the Company has received the Preliminary Economic Assessment for its 100% held Taunus project in Sinaloa, Mexico. The PEA was prepared by SRK Consulting (U.S.) Inc. and was based on the following Mineral Resource Statement dated November 29, 2011:
Cangold Limited is pleased to announce that metallurgical testing for the Ixhuatan Gold-Silver Project in Chiapas, Mexico has been advanced to a pre-feasibility level. Phase 1 metallurgical testing at SGS Lakefield, Canada consisted of a scoping level gold recovery test program to define the plant process flowsheet. Testwork results indicated recoveries averaging 87% (range of 82-93%). The average grade obtained by SGS Lakefield for the four drill core samples tested (see news release May 1, 2012) was 2.77g/t gold.
International Northair Mines Ltd. is pleased to announce that Coeur d’Alene Mines Corporation has agreed to terms for a $3 million investment in Northair.
Patriot Minefinders Inc. is pleased to announce the appointment of four new Directors in concert with its focus on the exploration of the La Buena mining project located 5.6 miles north of Goldcorp’s Penasquito Mine and less than 2.5 miles from Goldcorp’s Noche Buena resource area, located in the mining friendly jurisdiction of Zacatecas, Mexico.
Sierra Madre Developments Inc. and its partner Riverside Resources Inc. have announced drill results including 20.9 meters of 1.01 g/t gold from the first two drill holes completed as part of the 2012 drill program at the El Capitan Target (a bulk tonnage oxide gold deposit), which forms part of the Company’s Penoles Project in Durango, Mexico. Drilling in 2011 tested approximately 60% of the strike extent of the zone and the objective of the current drill program (funded by Sierra Madre) is to test the down dip extent, possible extensions to the west and provide sufficient drill hole density for an initial resource calculation for El Capitan.
Highvista Gold Inc. is pleased to report that it has commenced its 2012 drill program at its Canasta Dorada Gold Project, located within the Sonoran Gold Belt, in Sonora State, Mexico. This phase of drilling will include up to thirty-two reverse circulation drill holes totaling 4,500 meters.
A $2.03 billion judgment in a lawsuit brought by shareholders of Southern Copper Corp should be overturned because a key witness from deal adviser Goldman Sachs Group Inc was excluded from the trial, lawyers challenging the ruling argued in Delaware’s Supreme Court on Thursday.
El Tigre Silver Corp. is pleased to provide an update report along with assays from the next three holes from the ongoing Gold Hill core drilling program at its 100% owned El Tigre silver project in Sonora, Mexico.
Bearing Resources Ltd. announces results from its 1,172 metre (7 hole) diamond drill program at the Parrandera gold-copper property located in the Mapimi region of Durango, Mexico. The Parrandera property was the initial and smallest property optioned when establishing the Mapimi project (40,000 hectares). The drill program was highlighted by drill hole PA12-01 which returned 12.95 metres grading 0.858 grams per tonne (g/t) gold beginning at a down hole depth of 16.3 metres. While the drill program identified gold and copper mineralization over narrow intercepts, the results did not meet Bearing’s exploration target criteria therefore the Parrandera property will be returned to the property vendors.
International Northair Mines Ltd. is pleased to announce that Focus Ventures Ltd. has reported to Northair that an exploration program has commenced at the Company’s El Reventon Property located in the State of Durango, Mexico.
Major Drilling Group International Inc. is one of the world’s largest drilling services companies primarily serving the mining industry. Established in 1980, Major Drilling has over 1,000 years of combined experience and expertise within its management team alone.
Maza Drilling is a Mexican company established in 2007 in Mazatlán, Sinaloa. Our Canadian founder, Mr. Guy de Launiere, has over 20 years of international experience managing diverse drilling operations. Maza Drilling strives to compete at the highest levels in terms of recovery, effectiveness, efficiency, and affordability at every project while keeping at the forefront of technology to meet our customer’s needs in this demanding market.
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