VANCOUVER, BRITISH COLUMBIA, Apr 10, 2012 (MARKETWIRE via COMTEX) — Quaterra Resources today provided a corporate update including anticipated timing for the completion of work on projects listed below.
Golden Minerals Company is pleased to report first quarter 2012
results for the Velardena Operations that continue to reflect
significant operational improvements and the ramp up of production.
From January 1 through March 31, 2012, month over month during the
quarter, gold production increased by approximately 25% and silver
production increased by more than 40%.
Vancouver, British Columbia – Cortez Gold Corp (TSXV: CUT) (“Cortez” or the “Company”) announces that it has delivered its notice to Cortez Minera Mexicana S.A de C.V (“Minera Mexicana”), notifying them that the Company will not be proceeding with the transaction to acquire 100% of the issued and outstanding shares of Minera Mexicana. Minera Mexicana is a private Mexican company that holds the option to purchase a 100% interest in the Petlacala gold/silver project in Guerrero State, Mexico (see press releases of April 12 and August 23, 2010).
Vancouver, B.C. — Starcore International Mines Ltd. (the “Company”) is pleased to announce that Serge Depatie of Montreal, Quebec has joined the Board of Directors as a ninth director. The Starcore Board now includes four independent Directors.
VVC EXPLORATION CORPORATION announces the amendment of the expiry date and exercise price of 9,521,429 Series S Warrants to purchase 9,521,429 shares @ $0.12 per share, as permitted under the new TSX Venture Exchange Policy. The warrants, which were expiring on April 11, 2012, will now expire on April 11th, 2013, and will be exercisable at $0.12 per share up to April 11th, 2012 and thereafter at $0.18 per share. These warrants were attached to a private placement of $770,000 approved by the TSXV in April 2011. The warrants are not currently in-the-money, however, since November 2011, two warrant holders exercised an aggregate of 1,478,571 warrants. The TSXV consented to this warrant extension and price adjustment on April 5.
Gold Resource Corporation announced its preliminary production results for the first quarter ended March 31, 2012 of approximately 30,500 ounces precious metal gold equivalent (AuEq). Production increased approximately 53% from the previous quarter, and 308% from first quarter of 2011, establishing new record production for the Company. Gold Resource Corporation is a low-cost gold producer with operations in the southern state of Oaxaca, Mexico. The Company has returned over $43 million to shareholders in monthly dividends since declaring commercial production July 1, 2010 and now offers shareholders the option to convert their cash dividends into physical gold or silver.
Primero Mining Corp. announced today that it plans to release its first quarter 2012 results on Thursday, May 3, 2012. The Company also announced that it will host its Annual General and Special Meeting of Shareholders on Monday, May 28, 2012. Primero has filed its 2011 management’s discussion and analysis of financial condition and results of operations and 2011 audited financial statements on SEDAR (www.sedar.com) and Edgar (www.sec.gov). Shareholders may request, free of charge, a hard copy of the audited financial statements upon request to [email protected].
GREAT PANTHER SILVER LIMITED is pleased to announce the appointment of Ms. Rhonda Bennetto to the position of Vice President, Corporate Communications effective April 12, 2012.
Geologix Explorations Inc. is pleased to announce that on Thursday, April 5th, 2012 the Company’s shares will commence trading in the United States on the OTCQX under the symbol “GIXEF”.
Mercator Minerals Ltd. announces the appointment of Mr. Daniel Tellechea to the Company’s board of directors and the resignation of Mr. Gavin Thomas from the board, both effectively immediately.
Maza Drilling is a Mexican company established in 2007 in Mazatlán, Sinaloa. Our Canadian founder, Mr. Guy de Launiere, has over 20 years of international experience managing diverse drilling operations. Maza Drilling strives to compete at the highest levels in terms of recovery, effectiveness, efficiency, and affordability at every project while keeping at the forefront of technology to meet our customer’s needs in this demanding market.
Maza Drilling is a Mexican company established in 2007 in Mazatlán, Sinaloa. Our Canadian founder, Mr. Guy de Launiere, has over 20 years of international experience managing diverse drilling operations. Maza Drilling strives to compete at the highest levels in terms of recovery, effectiveness, efficiency, and affordability at every project while keeping at the forefront of technology to meet our customer’s needs in this demanding market.
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