AuRico Gold Provides an Update on the 2012 El Chanate Exploration Program
October 22, 2012
AuRico Gold Inc. is pleased to provide an update on its exploration program at the El Chanate mine located in Sonora, Mexico.
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AuRico Gold Inc. is pleased to provide an update on its exploration program at the El Chanate mine located in Sonora, Mexico.
Mercator Minerals Ltd. is pleased to announce today that its wholly-owned subsidiary, Mercator Minerals (Barbados) Ltd, has a non-binding letter of intent with Silver Wheaton (Caymans) Ltd., a subsidiary of Silver Wheaton Corp., to amend the silver purchase agreement.
Paramount Gold and Silver Corp. announced today that it has received the final results from a large-scale,comprehensive metallurgical test program for its 100%-owned SanMiguel Project in northern Mexico. The results predict highrecoveries of gold and silver from either a milling/cyanide leach orconventional milling/flotation process. The data will now beevaluated by Scott E. Wilson Consulting for inclusion in theirPreliminary Economic Assessment of the San Miguel Project scheduledfor the end of this year.
NSX Silver Inc. has, subject to regulatory approval, retained Venture Liquidity Providers Inc. to initiate its market-making service to provide assistance in maintaining an orderly trading market for the common shares of the company.
Camino Minerals Corporation is pleased to announce that it has selected Major Drilling Group International Incorporated to carry out a 2,000 metre reverse circulation drill program at the El Secreto Gold, Silver and Copper Project located in Sinaloa State, Mexico. This will be the first ever drill program to be carried out at El Secreto. Drilling is expected to commence within the next several weeks.
Oremex Silver Inc. announced that it has closed the first tranche of the non-brokered private placement previously disclosed by the Company on October 1, 2012. The first tranche of the Private Placement raised gross proceeds of $318,850 through the issue of 5,314,166 units of the Company, each Share Unit consisting of one common share and one common share purchase warrant, at a purchase price of $0.06 per Share Unit. Each Warrant is exercisable into Shares at a price of $0.10 per Share, expiring in five (5) years from the date of issue.
Mercator Minerals Ltd. is pleased to announce today, further to the September 4, 2012 press release, it has filed an updated El Pilar National Instrument 43-101 compliant Feasibility Study Technical Report on SEDAR (www.sedar.com). The 2012 FS is an update to the Feasibility Study completed November 2011, which further enhances the potential development of a robust, large-scale, low-cost copper mine at the El Pilar project, located in the mining friendly jurisdiction of the northern Mexican state of Sonora.
Westminster Resources Ltd., which is trading near year lows, said it has successfully completed its 2012 Phase One $1.6 million exploration program at the Cumbral-San Bartolo property. Located in Sonora, Mexico, work included a 3D-Induced Polarization and ground magnetic geophysical survey covering 219 line kilometers of survey grid, over 5,000 soil geochemical samples, rock prospecting-geological mapping (over 700 samples) and a diamond drill program of seven holes (total 1,641 meters) on the Cumbral trend. The exploration program was funded by Capstone Mining Corp. in accordance with a $9.3 million agreement that was announced in April 2012.
Noront Resources Ltd. is pleased to announce the appointment of Mr. Tom Anselmi to the Board of Directors of Noront subject to approval by the TSX Venture Exchange.
Gold Resource Corporation reported on Thursday that it has picked Jesus Rivera, a mining and metallurgy engineer with experience in underground mining operations, as general manager of its Mexican Oaxaca mining business, which is in charge for companys El Aguila project.
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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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