Vancouver, January 24, 2012 — The Board of Directors of First Point Minerals Corp. (FPX-TSX.V) (“First Point” or the “Company”) is pleased to announce the appointment of Mr. James S. Gilbert as President and CEO, and a Director of the Company. Dr. Peter Bradshaw, CEO of First Point since its formation, has been elected Non-Executive Chairman of the Board of Directors of the Company.
VANCOUVER, B.C. Catalyst Copper Corp. (TSXV: CCY) (the “Company” or Catalyst) is undertaking a non- brokered private placement (the “Offering”) of up to 33,500,000 units at a price of $0.105 per unit for gross proceeds of Cdn $3,517,500.
VANCOUVER, BRITISH COLUMBIA, Jan 23, 2012 (MARKETWIRE via COMTEX) — Aura Minerals Inc. (“Aura Minerals” or the “Company”) today provided operating results for the full year 2011 and production guidance for 2012.
Soho Resources Corp. (CVE:SOH) plans to raise $750,000 through a non-brokered private financing, the company said Monday.
Impact Silver Corp. is pleased to provide a summary of its 2011 exploration program at the Royal Mines of Zacualpan Silver District and the adjacent Mamatla Mineral District in Mexico. IMPACT has over five years of consistently profitable operations, with 2011 being a record breaking year for revenues and earnings.
Soltoro Ltd. has received results for an additional twelve diamond drill holes at the El Rayo primary silver deposit in Jalisco, Mexico. All twelve holes were completed on the Soledad structure. The Soledad structure is one of three deposits that make up the existing 77.4 million ounce measured and indicated in-pit silver resource. The east-west trending Soledad deposit was recently added to the resource where an initial 13 million ounces of silver has been defined to date. None of the drill results reported in this release were included in the existing resource. To date at Soledad, two high-grade silver zones (Central and Western) have been identified.
Lone Star Gold, Inc has filed an amendment to its La Candelaria Definitive Agreement in order to extend the Company’s work commitment to the project until March 11, 2012. With the extension in place until March 11, Lone Star will have the opportunity to drill 3-4 deep core holes to add to the Company’s understanding of the Mexico-based project’s mineral potential.
The Company signed a surface access rights agreement covering 129 hectares with a 30 year duration – The Company is securing drill permits for the commencement of the first phase of drilling at Santa Catarina gold project – A ground geophysical survey is anticipated to commence in Q1, 2012 – Initial drill testing is planned for Q2, 2012
SilverCrest Mines Inc. is pleased to provide an updated summary of its corporate mineral resources. The Company now has reported NI 43-101 compliant resources at the Santa Elena Mine, Cruz de Mayo property and La Joya property in Mexico (see table below). The addition of the initial La Joya Inferred Resources of 101.9 million ounces silver equivalent resulted in corporate Inferred Resources increasing by 424% from 24.0 million to 126.0 million silver equivalent ounces. The Companys combined Probable and Indicated Resources (based on US$18 per ounce silver, US$1000 per ounce gold, and Ag:Au at 55:1) declined by 14.7% from 36.2 million to 30.9 million silver equivalent ounces as a result of production at the Santa Elena Mine in 2010 and 2011.
Excellon Resources Inc. (“Excellon” or “the Company”) is pleased to report fourth quarter and year end production updates for 2011 and that it has exceeded both fourth quarter and annual silver production targets for 2011 by approximately 40% and 4.5% respectively. The Company also reports that at year-end, it held approximately US$22 million in cash.
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