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.
Torex Gold Resources Inc. is pleased to announce that it has filed a technical report prepared in accordance with National Instrument 43-101 (“NI 43-101”) in support of the Company’s May 4, 2012 news release, which included an updated mineral resource estimate at its Morelos Gold Project in Mexico.
San Marco has acquired an option to purchase 100% interest in the 362 ha. Angeles property in Sonora State, Mexico. The property has many old historical workings and according to locals, hosted a high grade underground copper, gold and silver mine at the beginning of the 20th century as indicated by remnants of milling, mining facilities as well as tailings.
Starcore International Mines Ltd. has filed the results for the quarter and nine months ended April 30, 2012, for the Company and its mining operations. Over the third quarter ended April 30, 2012, the Company is pleased to report revenues of $14.0 million, earnings from mining operations of $5.0 million and earnings for the period of $4.17 million, which includes a net $1.93 million gain in financing costs due to gains in the Company’s gold forward sales contracts. The basic and diluted income per share for the quarter ended April 30, 2012 was $0.03. Over the nine months ended April 30, 2012, the Company reports revenues of $49.4 million, earnings from mining operations of $17.8 million and earnings for the period of $10.8 million, which includes a net $1.95 million loss in financing costs due to net losses in gold forward sales contracts over the period. The basic and diluted income per share for the nine month period ended April 30, 2012 was $0.09 and $0.08, respectively.
Mexico Mining Center © 2021 / All Rights Reserved
