Silver Standard Resources Inc. announced 2012 production at the Pirquitas mine in Jujuy, Argentina and provided production and cost guidance for 2013.
Alamos Gold Inc. today reported record fourth quarter and annual gold production, achieving its production guidance for the year of 200,000 ounces of gold. The Company also provided guidance on 2013 production and operating, development and exploration budgets.
San Marco Resources Inc. has received notification from Patriot Minefinders Inc. that they will not be proceeding with the La Buena property option.
Catalyst Copper Corp. announces that it has provided Minera Torre de Oro SA de CV, a Mexican subsidiary of Teck Resources Limited, Notice that it has incurred +US$10 million of Expenditures and completed the required Work Commitments in accordance with the agreement, dated December 21, 2009, between Teck and Minera Hill 29 SA de CV (Catalysts wholly owned Mexican subsidiary).
Lone Star Gold, Inc. is pleased to announce the effectiveness of its Form S-1 dated December 20, 2012, which outlines the details of the Company’s $15 million common-stock-purchase investment agreement with Deer Valley Management, LLC.
Bacanora Minerals Ltd. announces a correction to the Internal Rate of Return (“IRR”) calculation reported in connection with its announcement of the results of its Preliminary Economic Assessment on the Company’s Cajon Borate deposit in Sonora, Mexico. On Friday, January 4, 2013, Bacanora issued a press release announcing the PEA with a Net Present Value for the Cajon project of $US113 million, discounted at 8%. In that announcement, the Company erroneously reported an IRR calculation of 248.5%, which should have read 24.8%. The balance of the information reported remains unchanged. For further details, please refer to the Company’s press release of January 4, 2013. The highlights of the PEA are reiterated below for the benefit of readers.
Avino Silver & Gold Mines Ltd. is pleased to announce the following December production results from its San Gonzalo mine operation located on the Avino property near Durango, Mexico.
SilverCrest Mines Inc. is pleased to announce results of further drilling at the Santa Elena Mine in Sonora, Mexico. Eighty seven holes of a planned 100 holes have been completed to re-categorize Indicated and Inferred Resources to Probable Reserves and expand current underground Resources (see attached Figures: http://media3.marketwire.com/docs/svl107_F1-2.pdf). This drill program continues to be extremely successful and several recent holes have identified multiple bonanza grade intercepts and a new high grade gold and silver zone that lies below and is sub-parallel to the Main Mineralized Zone currently being mined. All holes included in this program will assist with resource confirmation and reclassification which will be included in the upcoming Pre-Feasibility Study for the Santa Elena Expansion Project.
Focus Ventures Ltd. is pleased to provide its shareholders with an update on exploration at its Santa Cruz silver project in Mexico. Focus controls a district-scale land position covering a number of silver discoveries made since late 2011 and is currently preparing for a drill program.
Orex Minerals Inc. is pleased to announce the results of the second batch of holes from the 12,000 metres Phase-II diamond drilling program on the Coneto Gold-Silver Project in Durango, Mexico. A technical committee, with representation of Orex and its project partner Fresnillo PLC, is managing this Phase-II program.
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