Golden Goliath is pleased to announce that exploration work on the Company’s wholly-owned Nopalera property is progressing very well. Surface work, including geology, geophysics and geochemistry is delineating targets for the first ever diamond drilling program on the property, to be undertaken as soon as drill target definition is complete.
Zinco Mining Corporation has completed an in-house technical review of its Cuale VMS Camp and proposes a drilling program that will allow it to calculate an initial resource estimate on at least one of the prospects. This proposal is a follow-up to the drilling program in 2011 when the Company completed 1534.8 metres of HQ diamond drilling in 14 holes. The drilling was split between San Juan (955.3 m in 9 holes) and Jesus Maria (579.5 m in 5 holes) in the Cuale VMS camp, one of several VMS camps in the Company’s Jalisco VMS Project concessions.
Geologix Explorations Inc. is pleased to announce the acquisition of an option to earn a 100% interest in the La Carreta gold-copper-silver property in Michoacán State Mexico. La Carreta property is located approximately 20 km north-east of the Company’s Tepal project. The concession covers 207 hectares (2.07 square km) and is proximal to water and power, and accessible via paved highway and agricultural roads.
San Marco Resources Inc. is pleased to report it has granted an option to Skanderbeg Capital Partners Inc. of Vancouver, BC to acquire a 50% interest in San Marco’s La Buena property, Zacatecas, Mexico.
Formation Metals Inc. announced today that the Company’s shares have commenced trading on the OTCQX(r), the United States Over-the-Counter market’s highest tier, under the symbol FMETF.
Aurion Resources Ltd. (“Aurion” or “Company”) (TSX VENTURE:”AU”) is pleased to report that it has increased the size of its previously announced non-brokered private placement, to 8,571,428 million units at a price of CDN$0.35 per unit to raise aggregate gross proceeds of CDN$3,000,000. Each unit will consist of one common share of Aurion and one full share purchase warrant of Aurion. Each whole share purchase warrant will entitle the holder thereof to acquire one additional common share of Aurion at an exercise price of CDN$0.45 cents per share for three years. Aurion can elect to accelerate the exercise of the warrants if Aurion’s volume-weighted average share price is at or above CDN$0.70 per share, based on the preceding 20 day closing share price. Finder fees may be paid pursuant to this financing.
Arian Silver Corporation (“Arian” or the “Company”) (TSX VENTURE:AGQ)(AIM:AGQ)(PLUS:AGQ)(FRANKFURT:I3A), a silver exploration, development and production company with a focus on projects in the silver belt of Mexico, today announced the release of its Management’s Discussion and Analysis (“MD&A”) and audited Financial Statements (“Financials”) for the year ended 31 December 2011.
Caballo Blanco es punta de lanza, otras vienen a Perote y Los Tuxtlas. Servicio Geológico Mexicano promueve el territorio ante transnacionales.
VANCOUVER, BRITISH COLUMBIA, Feb 28, 2012 (MARKETWIRE via COMTEX) — War Eagle Mining Company Inc. (“War Eagle” or the “Company”) proposes to raise gross proceeds of $194,250 by way of a non-brokered private placement offering of the Company’s common shares. Mr. Danny Wettreich will be the sole subscriber of the private placement.
Goldgroup Mining Inc. is responding to recent unconfirmed Mexican newspaper articles quoting certain statements by the Governor of the State of Veracruz on the environmental permitting regarding Goldgroup’s Caballo Blanco project. Goldgroup has not been directly contacted by, or been in communication with, any State officials in relation to the statements recently reported.
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