Baja Mining Corp. announced today that Louis Dreyfus Commodities Metals Suisse, S.A. has commenced litigation against it in the Supreme Court of British Columbia.
Mr. Thomas Skimming, CEO of MacMillan Minerals Inc. is pleased to announce that the Company has completed an initial Phase 1 three hole diamond drilling program on the La Raizura Target at the Las Cucharas Gold and Silver Project. Mr. William Hamilton, P. Geo., Manager of Exploration, is a Qualified Person under the meaning of National Instrument 43-101 and is responsible for all technical information contained in this news release.
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.
Copper Creek Gold Corp. is pleased to announce the appointment of Mr. Peter Robinson to the Company’s Advisory Board. Mr. Robinson will work closely with the Board of Directors of Copper Creek to help secure future financing for its exploration projects.
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.
Sierra Iron Ore Corp. is pleased to announce that it has begun trading on the OTCQX-International under the symbol “SIOCF.” The OTCQX is the highest tier of the OTC Markets and the Company is pleased to increase accessibility for U.S. investors. The OTCQX membership was sponsored and facilitated by Kenneth I. Denos, P.C. who will act as the Company’s Principal American Liaison.
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.
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