Oroco Resource Corp. is pleased to announce that its ownership of a 100% interest in the Celia Gene (100 ha) and Celia Generosa (93 ha) concessions has now been registered with the Mexican Public Registry of Mining. The Xochipala Property is located in the highly prospective Guerrero Gold Belt in the Morelos region of Guerrero State, in central Mexico.
Prospero Silver Corp. is pleased to announce that its wholly owned Mexican subsidiary Minera Fumarola, SA de CV, and underlying claimholder Compañia Minera Terciario, SA de CV, have signed a joint venture agreement with Minera Hochschild Mexico, SA de CV (“Hochschild”, a subsidiary of Hochschild Mining, PLC), to advance Prospero’s Baborigame project in southwestern Chihuahua State, Mexico.
Silver Bull Resources, Inc. is pleased to announce the drill results for the first 6 holes of the underground drill program (see June 12, 2012 news release) twinning a series of holes in a high grade zone defined by a historical “long hole” data set at the eastern end of the Shallow Silver Zone on the Sierra Mojada Project in Coahuila, Northern Mexico.
Candente Gold Corp. is pleased to announce that Goldcorp S.A. de C.V. a subsidiary of Goldcorp Inc., has advised the Company that it has elected to retain its 30% interest in the entirety of the El Oro Gold-Silver Project in Mexico by participating pro-rata in all future expenditures.
Vista Gold Corp. today reported further assay results from the final 25 holes of its 48 hole drilling program at the Guadalupe de los Reyes gold/silver project in Sinaloa, Mexico.
Victory Resources Corp. is pleased to announce the initial results on their ongoing underground work program conducted on the Company’s La Reforma property located north of Choix, Sinaloa State, Mexico.
Arian Silver Corporation, a silver exploration, development and production company with a focus on projects in the silver belt of Mexico, is pleased to report that the Company has signed a letter of intent, which reflects the Company’s intention to sign a definitive contract for exclusive use of a newly refurbished and soon to be re-commissioned 500 ton per day (“tpd”) toll mill. This mill, which is located on the outskirts of the City of Zacatecas, is currently expected to be operational within ten to twelve weeks.
McEwen Mining Inc. is pleased to provide a summary of the second quarter, including operational and development updates, for its projects in Argentina, Mexico and Nevada. During the six months ending June 30th, the Company’s attributable production was 47,640 ounces of gold and gold equivalent and remains on schedule to produce a total of 105,000 ounces in 2012. Production was up 9% over the previous quarter and up 17% over second quarter 2011.
Canasil Resources Inc. announces completion of the $1 million expenditure requirement to earn 51% interest in Pan American Silvers Escobar claims at the Sandra-Escobar silver-gold project in Durango State, Mexico. As required under the option and joint venture agreement dated March 24, 2009, Canasil has delivered to Pan American a formal notice of earn-in on June 22, 2012, based on expenditures under the agreement of $1,107,008. Data and reports covering the exploration programs up to December 2011 were delivered to Pan American in January 2012, and the final reports and data covering the exploration work from January to June 2012 were delivered on July 20, 2012.
Canasil Resources Inc. announces completion of the 2012 exploration program at the Sandra-Escobar silver-gold project in northern Durango State, Mexico, outlining seven significant silver-gold targets over an area of 25 square kilometres. The 2012 program included an ASTER satellite alteration survey, surface mapping and sampling including collection of 370 surface samples, and an 11.8 line-kilometre ground IP geophysical survey, complementing previous mapping and sampling, airborne ZTEM geophysical survey and 1,849 metres of diamond drilling in 11 drill holes completed up to December 2011. These programs have confirmed evidence of a large hydrothermal system centred on an intrusive source and surrounded by mineralized zones observed at surface with veins and outcrops returning high silver, gold, copper, lead and zinc mineralization, with the potential for hosting both high grade vein style and disseminated mineralization. The results are consistent with earlier interpretations based on the project’s geologic setting and similarities with some major silver and gold deposits in northern Durango State such as La Pitarrilla, San Agustin and El Cairo, as outlined prior to these programs in Canasil’s news release dated July 14, 2009.
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