Corex Gold Corp. is pleased to announce that Goldcorp Inc. has commenced a follow-up phase diamond drill program on the Company’s Zuloaga property, Zacatecas State, Mexico.
Dia Bras Exploration Inc. is pleased to report that development of the ramp at the Promontorio Mine has reached the outer portion of the disseminated zone on Level 5 and is being extended to Level 6. In addition, geologic mapping in the Company’s core area of interest has been completed.
El Tigre Silver Corp. is pleased to report on exploration progress at its El Tigre silver and gold project. El Tigre is located on concessions that are part of the Company’s 431 square kilometer concession ownership in Sonora, Mexico. The El Tigre mine was operated from 1903 to 1938, and it is estimated to have produced 70 to 75 million ounces of silver and 325,000 and 350,000 ounces of gold.
Drilling Continues to Extend High Grade Silver-Gold Mineralization at Milache, Intersects 1,885 gpt Silver and 6.8 gpt Gold Over 0.19 m True Width
Bearing Resources Ltd. is pleased to announce that the Company has executed a letter of intent with Patriot Minefinders Ltd whereby Patriot may earn up to a 75% interest in the 13,400 hectare Kilometer 66 silver-gold-lead-zinc property located in Durango, Mexico.
Animas Resources Ltd. announces that, in line with the Company’s focus on moving the Santa Gertrudis Gold Project towards a production plan, the Company has reduced its operating costs, granted options to a recently appointed director who is also a mining engineer, and dropped a project which is no longer considered a core project.
SilverCrest Mines Inc. is pleased to announce the results of an additional 15 holes (LJ DD12-75 to LJ DD12-89) of the Phase II drill program nearing completion at its La Joya Property in Durango, Mexico. Phase II drilling reported to date has extended the Main Mineralized Trend beyond the area containing the current Inferred Resource of 101.9 million ounces Ag Eq.(i)(see News releases dated March 20 and May 7, 2012 and attached Figure: http://media3.marketwire.com/docs/silvercrestmap1.pdf ). Drilling and surface sampling has extended the Trend to approximately 2.5 kilometres with an average width of approximately 700 metres. Please reference our website at www.silvercrestmines.com for more information, photos and figures on La Joya.
San Marco Resources Inc. is continuing exploration at its 100% optioned Angeles property in Sonora State, Mexico. Detailed geological mapping and hand trenching is being carried out, approximately 1.5 km to the west from the old underground workings, where significant gold and silver assays were reported.
Kootenay Silver Inc. is pleased to announce that, further to its press release dated October 31, 2012, announcing that the Company had closed a fully subscribed, $8,253,000 brokered private placement financing, it has secured drilling contracts and has begun mobilizing drill rigs to commence a major, multi-phase, 30,000 meter drill and resource expansion program on its flagship Promontorio Silver Project in Sonora, Mexico. The upcoming drill and resource expansion program is expected to employ up to five drill rigs at full capacity, representing the single largest drilling campaign conducted on the Promontorio project to date.
Arian Silver Corporation, a silver exploration, development and production company with a focus on projects in the silver belt of Mexico, is pleased to announce the signing of a definitive contract for exclusive use of a newly refurbished processing plant located close to the City of Zacatecas. The Plant has a rated capacity of 500 tonnes per day and is expected to become operational during December.
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