Vancouver, B.C. – Further to its press releases of January 24th and January 31st, 2012, Starcore International Mines Ltd. (the “Company”) announces that it has repaid its outstanding loan with Investec Bank (U.K.) Limited (“Investec”) of approximately US$3.2 million, which funds were used to acquire the San Martin Mine in Queretaro, Mexico.
Goldex Resources Corporation is pleased to announce that drills have started turning at El Arco for the planned 4000m drill program.
Kootenay Gold Inc. is pleased to announce assay results from an additional 6 drill holes from its 25,000 meter, ongoing, multi-phase, step out drill and resource definition program on its Promontorio Silver Project in Sonora, Mexico.
Astral Mining Corporation is pleased to report the third and final batch of results from drilling at the Los Crestones property, Sinaloa state, Mexico. Highlights from Phase One drilling include previously announced 5m averaging 39.1 g/t gold, 93.3 g/t silver and 2.13% copper from drillhole 11 (see December 12th 2011 news release). Intervals stated represent core length, true widths are not stated as mineralization geometry is not clear at this time.
Silver Bull Resources, Inc. is pleased to announce drill results from the 2011 drill campaign on the “Shallow Silver Zone”.
Highlights include;
Excalibur Resources Ltd. (“Excalibur” or the “Company”) has granted an aggregate of 1,650,000 incentive stock options to purchase common shares at $0.12 per share to directors, officers and consultants, for a period of five years, in accordance with its Stock Option Plan.
Cerro Resources NL is pleased to announce nine additional core hole drill results from the Namiquipa Silver Project, in Chihuahua state, Mexico. Currently 57 holes have been completed for a total of 21,256m of core, with further assays pending.
Vancouver, B.C. — Further to its press release of January 24, 2012, Starcore International Mines Ltd. (the “Company”) announces that it has closed its non-brokered financing for gross proceeds of $2,252,500. The financing was in the form of 9,010,000 Units at $0.25 per Unit (a “Unit”), each Unit comprised of one common share of the Company (a “Common Share”) and one-half of one transferable share purchase warrant (a “Warrant”). Each whole Warrant entitles the holder to acquire one common share of the Company at a price of $0.35 to January 30, 2014.
Paramount Gold and Silver Corp. today reported new assay results from ongoing core drilling at its 100%-owned San Miguel Project in Mexico. The reported drill holes come from the high-grade gold and silver deposits of Don Ese North and La Union.
Cerro Resources NL is pleased to release a summary of the Company’s quarterly activities. The detailed Quarterly Report which includes the financial statements for the period ending December 31, 2011, has been filed on www.sedar.com and on the Company’s website, www.cerroresources.com . The Company’s cash position was $11.3M as of December 31, 2011.
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