International Northair Mines Ltd. is pleased to report that two geologists and support personnel have commenced an extensive exploration program at its 50% owned Sierra Rosario silver and gold project, located in Sinaloa State, Mexico.
Results from 62 diamond core drill holes into the “Shallow Silver Zone”, equating to 11,024 meters of the 36,800 meter drill campaign completed in 2011.
80% of the drill holes intersected zones of silver oxide mineralization >30g/t Ag, including; 144g/t Ag over 31 meters, 109.3g/t over 12.55 meters and 89.4g/t Ag over 36.25 meters.
Significant zinc intercepts including; 19.9% Zn over 10.85 meters, 4.57% Zn over 15 meters and 3.14% Zn over 57.70 meters.
Westridge Resources Inc. announces a diamond drill program has commenced on its Charay Project in western Mexico. Westridge Resources has contracted Major Drilling Group International to undertake a 2,000 meter core drilling program.
Vancouver, BC – February 14, 2012 – Corex Gold Corp. (the “Company”) further to its news release of January 20, 2012 is pleased to advise it has received TSX Venture Exchange (“Exchange”) approval on the Amendment Agreement for the acquisition of the Hilda 35 Fraccion 1 mining concession.
The key terms of the Amending Agreement, and exercise of the Final Contract include:
US$150,000 to be paid on or before December 9, 2011 (paid); and
US$569,000 to be paid on or before January 23, 2012 (paid).
Vancouver, British Columbia – Further to its press release of February 8, 2012, Cortez Gold Corp. (TSXV:CUT) (“Cortez” or the “Company”) announced today that it has closed its non-brokered private placement with the issuance of 4,145,351 Units (the “Units”) priced at $0.10 per Unit, for gross proceeds of $414,535.10.
VANCOUVER, BRITISH COLUMBIA, Feb 13, 2012 (MARKETWIRE via COMTEX) — Southern Silver Exploration Corp. (frankfurt:SEG) reported today that new assays from 2011 drilling have identified silver-enriched high-grade polymetallic mineralization in two separate target areas on the Cerro Las Minitas project, located in Durango State, Mexico.
Comstock Metals Ltd. is pleased to announce that the Company has mobilized its exploration team and commenced the first phase of a planned 7,000 metre drill program on its Corona Gold-Silver Project in the Uruachic District of Chihuahua, Mexico.
Lone Star Gold, Inc. is pleased to announce the Company plans to begin its initial shipments of 1.2 million tons of mine tailings from the San Antonio del Potrero mine tailings project ahead of schedule. Lone Star acquired an undivided 65% interest in the Tailings Project on January 26, 2012, when the Company signed a Joint Venture Agreement with the specially formed Mexican subsidiary company, AMIKO KAY, S de RL de CV, and Miguel Jaramillo. The project is located near the city of Hidalgo Del Parral in the state of Chihuahua, Mexico.
Southridge Enterprises Inc. announced that it has initiated plans for further exploration at Cinco Minas to increase the Company’s current mineral resource calculation. The exploration program will be led by Company geologist and advisory board member Juan Eduardo Lopez Romero. Mr. Lopez Romero will also be responsible for the qualification and selection of a consulting firm to assist in the design, implementation and fulfillment of the work program, which will focus on the known vein system and identify high grade gold and silver targets to further supply the Company’s ore processing mill at Cinco Minas.
Mundoro Capital Inc. is pleased to announce an update on the exploration activity on the Company’s mineral properties along the Meso Central Belt in northwestern Mexico.
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