Fortunate Sun Mining Company Ltd. is pleased to announce that the Company has completed a diamond drilling program on its Golconda gold project located in Southern Sonora State, Mexico. Fortunate Sun may earn a 100% interest in Golconda from Minera Coplau, S.A. de C.V. by spending $2,500,000 in exploration and making cash and share payments to Minera Coplau over a four year period.
Tara Minerals Corp. is pleased to announce it is implementing an aggressive path for growth with near-term iron ore production as its initial focus. This aggressive time line is now possible through the leverage of up to $35.6 million to be received from the sale of the Picacho concessions to Yamana Gold Inc. An initial payment of $7.5 million has already been received (goo.gl/e7YO4) and is being utilized.
Colibri Resource Corporation is pleased to report results from the 2012 diamond drilling program at the Ramard Project near the town of Carbo in Sonora, Mexico. Drilling began at Ramard in the La Bronca Zone on March 6th and was completed on May 5th, 2012. A total of 2,291.8 metres were drilled in 13 holes by contractor Major Drilling de Mexico S.A. de C.V. Targets were tested over a 500 metre strike length in the La Bronca Zone.
Kootenay Silver and Pinecrest Resources reported Friday initial phase 1 drill results from the Espiritu polymetallic property in Sonora, Mexico.
Paramount Gold and Silver Corp. reported today that Mine Development Associates ( www.mda.com ) of Reno, Nevada is currently preparing an updated National Instrument 43-101-compliant mineral resource estimate for its 100%-owned San Miguel Project in Mexico for expected release in August, 2012. The updated estimate, originally scheduled for June, will cover five of the Project’s resource areas and will incorporate the results from over 33,000 meters of new drilling in 120 drill holes completed in these areas in 2011 and 2012. The new drill results increase by 41% the total amount of drill core available from these areas for inclusion in the updated resource estimate, compared to the last estimate released on December 28, 2011.
Mexus Gold US is a company engaged in the evaluation, acquisition, exploration, development and production of mining properties and conducts exploration activities for the salvage of precious metals contained in submarine communication cable.
Torex Gold Resources Inc. is pleased to announce that it has filed a technical report prepared in accordance with National Instrument 43-101 (“NI 43-101”) in support of the Company’s May 4, 2012 news release, which included an updated mineral resource estimate at its Morelos Gold Project in Mexico.
San Marco has acquired an option to purchase 100% interest in the 362 ha. Angeles property in Sonora State, Mexico. The property has many old historical workings and according to locals, hosted a high grade underground copper, gold and silver mine at the beginning of the 20th century as indicated by remnants of milling, mining facilities as well as tailings.
Urastar Gold Corp. is pleased to provide an update on drilling results at the El Antimonio property located in Sonora State, Mexico.
Pinecrest Resources Ltd. and Kootenay Silver Inc. report initial Phase 1 drill results from the Espiritu polymetallic vein/breccia project, Sonora, Mexico. Five diamond drill holes totaling 409 metres were completed on two of seven known silver-rich mineralized areas outlined to date. Two holes tested the Road Show Zone and three the Molinos Zone.
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