Fortuna Silver Mines Inc. is pleased to announce updated Mineral Reserve and Mineral Resource estimates for the Caylloma Mine located in southern Peru and for the San Jose Mine located in southern Mexico.
Geologix Explorations Inc. is pleased to announce an updated resource estimate for its Tepal Project in Michoacán State, Mexico which incorporates the results from drilling 41,247.5 metres at the North, South, and Tizate zones during 2011. The updated resource estimate was completed by Micon International Ltd. and reports a 324% tonnage increase in the resource Measured and Indicated categories compared to the previous resource of March 16, 2011. A pre-feasibility study utilizing the results from this March 2012 resource estimate is targeted to be completed by the end of the second quarter of 2012.
Bell Copper Corporation announces that it is amending the terms of its previously announced brokered private placement. The Company will now proceed with the private placement on a non-brokered basis and offer for sale up to 50,000,000 units at a price of $0.05 per Unit for total gross proceeds of up to $2,500,000. Each Unit will consist of one common share of the Company and one-half of one common share purchase warrant. Each Warrant will entitle the holder thereof to acquire one common share of the Company at a price of $0.10 for a period of 24 months from the closing date of the Financing.
Pan American Silver Corp. and Minefinders Corporation Ltd. are pleased to announce the positive results of their respective shareholder votes to approve the previously announced plan of arrangement (the “Arrangement”) whereby Pan American will acquire all of the issued and outstanding common shares of Minefinders.
Almaden Minerals Ltd.(“Almaden” or “the Company”) is pleased to announce further results from the on-going 4 drill exploration program on the Company’s 100% owned Tuligtic project, Mexico with holes TU-11-95, TU-12-97 and TU-12-99 to 105. Holes TU-12-100 and 103 were drilled on the Northeast Extension Zone, along strike and north of the Main Ixtaca Zone. Both these holes intersected significant gold grades with TU-12-103 returning the highest grades encountered to date from the Northeast Extension Zone. Holes TU-11-95, TU-12-97, 101 to 104 were drilled into the Main Ixtaca Zone. Hole TU-12-99 was drilled to the south of the Main Ixtaca Zone and hole TU-12-105 was drilled on the Southeast Extension Zone. Final assays are pending for holes TU-12-96 (Main Ixtaca Zone) and 98 (Northeast Extension Zone).
One of Mexico’s three copper refineries owned by Mexican billionaire Carlos Slim’s Grupo Carso shut earlier this month, causing a rash of enquiries from domestic consumers looking for material, according to U.S. and Mexico-based market participants.
Silvermex Resources Inc. announces surface drill results from its producing La Guitarra property, located in the Temascaltepec Mining District, in the State of Mexico. To the end of January 2012, 59 holes had been completed totaling 7,633 m in 2011 and 2,290 m in January 2012 for a total of 9,923 m of the originally programmed 7,500 m surface diamond drilling program announced in September 2011. Assay results have been received for 40 of those completed holes, eight of which were announced in November 2011. Thirty-two additional holes are presented below in Table B.
Baja Mining Corp. today reported that Glass Lewis & Co., a leading independent proxy advisory firm, has recommended that Baja shareholders vote the GOLD proxy in support of Baja’s Board.
Mexus Gold US is a company engaged in the evaluation, acquisition, exploration, development and production of mining properties and conducts salvage operations for the recovery of precious metals.
Lake Shore Gold Corp. today announced details of the Company’s financial and operating results for the fourth quarter and full-year 2011. Key accomplishments for 2011 include significant growth in resources, including releasing initial resources for both Thunder Creek and Fenn-Gib, doubling production from a year earlier and continuing to achieve significant exploration success with a number of new discoveries and extensions announced during the year.
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