Cayden Identifies Significant Gold in Soil Anomaly at La Magnetita

Cayden Resources Inc. is pleased to announce that it has now received over 1,200 assays from its La Magnetita and La Joya soil program (see website for map) which indicate an extensive gold anomalous area that is up to 5 km in an EW direction by 2 km in a NS direction. the soil anomaly strongly suggests that the La Magnetita and La Joya targets are part of the same very large hydrothermal system. Cayden is currently planning a drill program in the western portion of the La Magnetita anomaly where the most extensive surface work has been completed. There are presently over 2,000 meters of trench samples in the assay lab and the Company is creating a detailed geologic map from outcrop and trench exposures that it will use to refine drill targets. The Company anticipates drilling a minimum of 6,000 meters by reverse circulation once all the trench assays have been received.

Arco Establishes Silver Mineral Resource Estimate at Taviche Property in Oaxaca, Mexico

Arco Resources Corp. is pleased to announce that Micon International Ltd. has completed an independent technical report under National Instrument 43-101 that includes a mineral resource estimate on the Company’s 100%-owned Taviche property located near Oaxaca City, Mexico. The Inferred Mineral Resource estimate is 160,000 tonnes grading 197.8 g/t Silver (Ag) and 0.85 g/t Gold (Au), at a 100 g/t Silver Equivalent (AgEq) cut-off. This equates to 1,017,000 ounces of silver and 4,400 ounces of gold at a 100 g/t AgEq cut-off. This is the first mineral resource estimate ever on the Taviche Property. The report has now been filed on SEDAR and recommends a two-phase property-wide exploration program with a budget of $556,000.

Goldgroup Files Updated NI 43-101 Technical Report on the Cerro Colorado Gold Mine

Goldgroup Mining Inc. announces that the technical report on the updated mineral resource estimate on the Cerro Colorado gold mine titled “NI 43-101 Technical Report, Cerro Colorado Gold Mine, Sonora, Mexico” effective February 29, 2012 and dated May 14, 2012, has been filed on the Company’s website and on SEDAR in compliance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects requirements.

Pan American Silver Increases Quarterly Silver Production and Mine Operating Earnings

Pan American Silver Corp. today reported strong operational and financial results for the first quarter of 2012. In addition, the Company provided an update on its operations and on its development projects, as well as a revised forecast for consolidated silver production and cash costs for 2012, which now includes production from the recently acquired Dolores mine for the period April 1, 2012 to December 31, 2012.

Aurion Resources Ltd.: La Bandera Update

Aurion Resources Ltd. reports that its partner AuRico Gold Inc has terminated the option and joint venture agreement on Aurion’s wholly owned La Bandera gold project in Durango, Mexico.

All News