Lone Star Gold, Inc. is pleased to provide an overview of the Company’s planned activities related to ongoing production from its Tailings Project, drilling on its La Candelaria gold-silver project, and other potential project acquisitions.
Oremex Silver Inc. is pleased to announce the completion of the underground and surface mapping and sampling at the Chalchihuites silver project held by its wholly owned Mexican subsidiary, Minera Mantos S. de R.L. de C.V. Nine mantos and four structures were identified. The combined surface and underground sampling indicated grades of up to 3,450 g/t silver, 3.4 g/t gold, 0.30% copper, 20.6% lead and 12.5% zinc, over channel sample lengths ranging from 0.22 meters to 3.90 meters.
International Northair Mines Ltd. and its wholly owned subsidiary Grupo Northair de Mexico, S.A. de C.V. announces that the Company has signed a binding agreement with Focus Ventures Ltd. whereby Northair will grant Focus and its subsidiary the option to acquire 65% interest in the Company’s El Reventon Silver Project located in the State of Durango, Mexico.
The independent mineral resource estimate for Nuevo Milenio continues to be advanced. Challenges encountered in providing data to the consultant in a timely manner have impacted progress on the mineral resource estimate. Given the large amount of data involved including over 32,000 metres of drilling, a significant volume of surface samples, trench samples, underground channel samples as well as properly identified location coordinates for all but the drilling data combined with reviews and fact checks were significantly more time consuming than anticipated. The Company anticipates the release of the mineral resource by May month end 2012.
Victory Resources Corp is pleased to announce that it has begun asystematic drilling program to determine the potential size and grade values of the Matanza and Altamira historic Reforma tailings deposit located beside the Reforma historic mine site.
Quaterra Resources Inc. today announced it has concluded an Amended and Restated Investment Agreement with Goldcorp Inc. The agreement is an amendment and restatement of the Investment Framework Agreement dated January 29, 2010, the terms of which were outlined in the Company’s news release dated February 10, 2010.
Orko Silver Corp. Orko Silver Corp. announces today that Pan American Silver Corp. has provided notice to Orko that it has decided not to deliver a feasibility study before April 13, 2012 for the La Preciosa project as required under the terms of the joint venture agreement between Orko and Pan American. As a result, Pan American is relinquishing its right to earn a 55% interest in the La Preciosa project and Orko will retain 100% of the project.
Avino Silver & Gold Mines Ltd. is pleased to announce the results from first hole of the 2012 drill program on the Elena — Tolosa (“ET”) zone at its main mine located 80 km NE of Durango, Mexico.
Camino Minerals Corporation is pleased to announce that it has signed a definitive option agreement with Arcelia Gold Corp., pursuant to which the Company can acquire from Arcelia up to an 80% interest in the El Secreto Gold, Silver and Copper project located Sinaloa State, Mexico.
Dia Bras Exploration Inc. is pleased to announce that its drilling programme for resource expansion at the El Gallo mine of the Bolivar project has expanded the boundaries of the current resource. In addition, drilling at El Salto has shown that the Upper and Lower Skarns extend to this area, which is 600 m east of the current mining area.
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