Endeavour VP Hugh Clarke on Mexico assays of 1.71 g/t gold, 244.1 g/t silver over 5.8m
Endeavour Silver Corp TSX:EDR announced drill results from its Guanajuato Mines project in Guanajuato State, Mexico. Highlights include
Endeavour Silver Corp TSX:EDR announced drill results from its Guanajuato Mines project in Guanajuato State, Mexico. Highlights include
TORONTO, ONTARIO, Dec 14, 2011 (MARKETWIRE via COMTEX) — Argonaut Gold Inc (“Argonaut Gold”, “Argonaut” or the “Company”) has named Mr. Richard Rhoades as the new Chief Operating Officer for the Company. This is in conjunction with the retirement of Mr. Edgar Smith, the current COO. Mr. Rhoades is the former General Manager of the Mission Complex in Sahuarita, AZ for Asarco LLC. He will take over duties as Argonaut’s COO on January 3, 2012.
December 14, 2011 – Mr. Thomas Skimming, CEO of MacMillan Minerals Inc., is pleased to announce that the Company has signed a consent for the assignment of the property rights for the La Violetta Properties from Lake Shore Gold Corp.and West Timmins Mining Inc. to Revolution Resources Corp. as news released by Lake Shore Gold Corp. on December 14, 2011. The consent by the Company included a transaction specific waiver of the Company’s right of first refusal to allow this transaction to proceed.
Revolution Resources Corp. reported that it has signed a formal option agreement with Lake Shore Gold Corp. to acquire up to 100% of Lake Shore Gold’s four large properties in Mexico formerly held by West Timmins Mining Inc. Lake Shore Gold acquired West Timmins Mining in November 2009.
El Tigre Silver Corp. is pleased to announce significant progress on its tailings recovery project, which is located on concessions that are part of El Tigre’s 431 square kilometer concession ownership in Sonora, Mexico. The company has now received all channel sample assay results, completed an aerial survey for new topography and drilled 46 holes for metallurgical and assay samples from within the pile.
Golden Fame Resources Corp. announces significant progress with respect to diamond drilling at its Algun Dia Cu-Ag-Au prospect located near the mining center of Guanajuato, in the State of Guanajuato, Mexico. Algun Dia is located approximately 20 kilometers from the world-class silver deposits of Guanajuato which, over approximately 400 years of mining history, having produced over 2 billion ounces of silver (refer to www.goldenfameresources.com for details).
Silver Sun Resource Corp. announces today that it has granted an aggregate of 1,300,000 stock options to a director, officer and consultants of the Company. Each option is exercisable at $0.32 per common share, the Company’s closing price on December 12th, 2011 and is exercisable at any time until December 12th, 2016. All of the options granted vest immediately and are exercisable in accordance with the terms of the Company’s stock option plan.
Golden Goliath is very pleased to announce that it has signed the final Earn-in and Shareholders Agreement with a Mexican subsidiary of Agnico-Eagle Mines Limited (“Agnico”) for the exploration and development of the Company’s Las Bolas/Los Hilos property (see map: http://www.goldengoliath.com/pdf/URUACHIC%20MINING%20DISTRICT%20Dec%2013%202011%20gng%20maps%20%282%29.pdf ). Under the terms of the agreement, which is subject to conditions, including TSX-V approval, Agnico’s Mexican subsidiary has the right to earn a 51% interest in the property by spending $5,000,000 on the property over a period of 5 years. The first year’s work commitment is a firm commitment of $500,000 with expenditure requirements increasing each year thereafter. Upon exercising its option, Agnico will have the right to earn an additional 20% interest by spending $4 million over another period of four years and completing a feasibility study or by spending $10 million over a longer period of eight years.
Sonora Resources Corp., a mineral exploration and development Company focused on the acquisition of international silver and gold mining properties, is pleased to advise that recent activities in Mexico have resulted in the completion of a preliminary NI 43-101 report regarding the Los Amoles project in the State of Sonora.
U.S. Precious Metals, Inc. today reports that over the past several months, USPR has hosted a number of site visits to its 37,000 acre mining concessions located in Michoacán, Mexico. The visits were undertaken by mining, consulting and investment banking entities, and were carried out by USPR’s President and Senior Geologist, Mr. David Burney.
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