Mundoro Capital Inc. is pleased to announce an update on the exploration activity on the Company’s mineral properties along the Meso Central Belt in northwestern Mexico.
Levon Resources Ltd is pleased to provide an update on Phase 4 resource expansion and exploration drilling at Cordero. The 2012 Cordero drilling program follows the M3 Engineering & Technology (Tucson, Arizona) recommendations on how to improve project economics in their favorable Preliminary Economic Assessment at the Cordero Project (see Levon’s January 30, 2012 news release). The project is located 35 km northeast of Hidalgo Del Parral in southern Chihuahua, Mexico. (target location map attached).
Goldgroup Mining Inc. is pleased to announce that additional diamond drill holes at the Company’s 100% wholly owned Caballo Blanco gold project in Veracruz, Mexico have yielded significant gold intercepts. All diamond drill holes encountered completely oxidized, vuggy and siliceous rock occurring within and peripheral to the La Paila Zone, which lies within the Northern Zone. 16 of the 19 drill holes reported below (see Tables 1 and 2, and the drill hole location map) contain intervals above the established cut-off grade and are part of the ongoing drill program intended to increase mineral resources at Caballo Blanco. Of the 19 drill holes reported below, seven of these drill holes further define the La Paila mineral resource, and the remaining 12 drill holes were drilled to expand the southwestern flank of the La Paila Zone. The zone currently remains open to the south and southwest.
Excellon Resources Inc. (“Excellon” or “the Company”), Mexico’s highest grade silver producer, is pleased to report January production results from its La Platosa silver, lead and zinc mining operations in Durango Mexico. The Company is also pleased to announce updates on Operations, Mexican and Canadian exploration and to provide a general corporate update.
Aurcana Corporation (AUN.V) is up 5 cents at 89 cents and has touched a day high 90 cents, compared to a year high $1.10 with nearly 3 million shares traded although there is no apparent fresh stocks specific news around.
Cream Minerals Ltd. is pleased to announce a new discovery at Nuevo Milenio. Drill hole VT 07-11, an exploration drill hole, oriented NE from the higher grade Veta Tomas vein, intercepted three previously unknown quartz zones with the widest being 4.46 metres. These quartz veins are within a broader intercept of approximately 72 metres.
Golden Goliath is pleased to report that preparatory work is underway for exploration programs to be conducted on two of the Company’s properties, in addition to the ongoing exploration program on Nopalera. All properties are 100% owned by the Company.
Wealth Minerals Ltd. is pleased to report, the acquisition of an option to acquire the Valsequillo Silver project, southern Chihuahua state, Mexico. The property is located approximately 40 kilometres southeast of the city of Hidalgo Del Parral within the pre-eminent Altiplano Polymetallic Belt of north-central Mexico. Initial reconnaissance work has identified two significant northwest trending structural corridors characterized by extensive artisanal workings, en echelon and segmented precious and base metal bearing vuggy quartz-sulphide (pyrite, galena, sphalerite and chalcopyrite) veins and a broad colour anomaly (gossan). The mineral-alteration system(s) identified to date remain open for expansion in all directions.
Bell Copper Corporation is pleased to announce a brokered private placement by D&D Securities Inc. to raise up to $2,000,000 on a best efforts basis. Pursuant to the Financing, the Company will offer for sale through the Agent up to 25 million units at a price of $0.08 per Unit, with each Unit consisting of one common share and one-half of one common share purchase warrant. Each Warrant will entitle the holder thereof to acquire one common share of the Company at a price of $0.12 for a period of 18 months from the closing date of the Financing.
ALBUQUERQUE, N.M., Feb 09, 2012 (BUSINESS WIRE) — Santa Fe Gold Corporation is pleased to announce the financial results for its 2012 fiscal first half ending December 31, 2011.
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