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 a program of measuring and sampling of the extensive historic surface dumps at the Ayones Project was undertaken November 8-13, 2011.
WestStar Resources Corp. has received the first batch of assays for a rock sampling program recently completed on its La Paloma property. The Property is located approximately 70 kilometers west of the city of Guadalajara in the State of Jalisco, Mexico. The most prospective sample was an outcrop rock chip sample collected from a mineralized quartz vein hosted within silica and carbonate altered rhyolite tuff. This sample (sample 11DMP135) assayed 311 grams-per-tonne (“g/t”) silver and 7.81 g/t gold. Continuous rock channel sampling across this partially exposed zone of mineralization returned assays of 64.1 g/t silver and 0.84 g/t gold over a true width of 6.0 metres (sample Channel 2). These results outline the potential for the Property which is encouraging for the Company. Table 1 below outlines the distribution of gold and silver grades by sample type.
Vancouver, British Columbia — Silver Bull Resources, Inc. (TSX: SVB, NYSE Amex: SVBL) (“Silver Bull”) is pleased to announce it has brought on Dr. Chris Fleming Ph.D from SGS Canada Inc. (“SGS”), and Independent Consultant George Rawsthorne P.Eng. to lead the metallurgical program on the “Shallow Silver Zone” at Silver Bull’s Sierra Mojada project in Coahuila, Mexico.
Great Panther Silver Ltd. is pleased to announce that it has finalized arrangements to sell all available concentrate inventories from Guanajuato before year end and is well advanced in securing new contracts for fiscal 2012 concentrate sales for both the Guanajuato and Topia Mines. This will ensure strong fourth quarter revenues which will balance out the previous revenue shortfall in the second quarter. Precious metal rich lead and zinc concentrates from Topia are typically sold to traders, destined for the Asian smelting market, whereas precious metal rich concentrates from Guanajuato are typically sold directly to smelters.
CANGOLD LIMITED (TSX-V: CLD, the “Company”) is pleased to announce the election of Ken Major, P. Eng., to the Board of Directors of the Company at today’s Annual and Special General Meeting of shareholders.
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.
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