The La Negra Mine has successfully completed its second consecutive mine expansion from 1,500 tonnes per day (tpd) to 2,000 tpd capacity on time and on budget for a cost of $4.5M. Production is anticipated to increase from 130,500 tons at 1500 tpd from Q1 2012 to 176,000 tons at 2,000 tpd for Q2 2012.
Arco Resources Corp. announces that based on the recommendation of the board of directors of Argentum Silver Corp., the optionee of Arco’s Lachiguiri, Silacayoapan and Nino Perdido properties located in Oaxaca, Mexico, Arco filed with the General Direction of Mines in Mexico to reduce the size of the Silacayoapan claim from 20,788 hectares to 3,475 hectares. Further, Arco’s land team determined that it will not renew the claims comprising the Nino Perdido property after discussions regarding Argentum’s decision to drop the claims from the option agreement between Arco and Argentum.
Goldgroup Mining Inc. is pleased to announce further assay results from the continuation of underground tunnel development at the Company’s 100%-owned Caballo Blanco gold project in Veracruz, Mexico. Both the main tunnel and a new crosscut tunnel to the west of the main tunnel continue to encounter mineralized, massive and brecciated massive silica. Assay results from the channel sampling in the main tunnel returned 49.40 metres of 1.13 g/t gold and 28.25 metres of 1.26 g/t gold from channel sampling in the crosscut tunnel. The average gold grades of the mineralized zones in the tunnel continue to correspond well with the grades of the drill holes completed in the area surrounding the tunnel. These results provide indirect confirmation for a robust resource model, serving to de-risk the Caballo Blanco project.
Baja Mining Corp. today provided a project update for its 70 percent-owned Boleo copper-cobalt-zinc project located near Santa Rosalia, Baja California Sur, Mexico.
Primero Mining Corp. today announced updated Mineral Resources and Mineral Reserves for its San Dimas mine, a new high-grade discovery and also provided a summary of its planned 2012 exploration program.
Lone Star Gold, Inc. is pleased to announce the Company has agreed to move forward with the second year program of exploration at the La Candelaria property in Chihuahua State, Mexico.
Esperanza Resources Corp. is pleased to report its most recent drill results including the latest drilling in the Southwest Extension area. Gold mineralization has been encountered in new drill holes in this zone. This effectively extends the mineralization beyond the limits of the defined resource (News Release Sept 16, 2010 – http://www.epzresources.com/release.php?R_ID=237) and provides support to deduce it will increase in subsequent estimates.
Alamos Gold Inc. reports positive drill results from the El Victor North exploration program, continuing to expand the El Victor deposit. In addition, the Company is reporting mineral reserves and resources for the Mulatos Mine in Mexico and mineral resources for the Agi Dagi and Kirazli projects in Turkey as at December 31, 2011.
Yale Resources Ltd. is pleased to report that sampling at the Los Amoles Silver Property, located in central Sonora, continues to show the potential for multiple sampling techniques within the property as a test sampling of select shafts has returned the widest and highest grade results to date from the property. Work at Los Amoles is being performed by Yale on behalf of Sonora Resources, who by funding the exploration have the right to earn a 70% interest in the property.
Fortuna Silver Mines Inc. is pleased to announce updated Mineral Reserve and Mineral Resource estimates for the Caylloma Mine located in southern Peru and for the San Jose Mine located in southern Mexico.
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