CM11-390: 274 g/t (8.0 opt) silver with 5.5% lead and 17.2% zinc over 8.08 metres.
Including: 778 g/t (22.7 opt) silver with 14.9% lead and 18.2% zinc over 1.63 metres.
Rome Resources Ltd. is pleased to announce that it, through its wholly-owned subsidiary Roma Recursos de Mexico, S.A. de C.V. has entered into an agreement with Riverside Resources Mexico, S.A. de C.V., the subsidiary of Riverside Resources Inc., whereby Riverside Mexico can earn up to a 75% interest in six mineral concessions comprising 6,539 hectares located in the Inguaran Project, Michoacan, Mexico. In order to exercise its initial option to acquire a 51% interest in the Property, Riverside Mexico must complete at least $3,000,000 worth of exploration expenditures on the Property by March 2, 2015. If this first option is exercised, Riverside Mexico will then have a second option to increase its interest to 75% by incurring an extra $2,000,000 in exploration expenditures by the second anniversary of the date the Initial Option was exercised.
I recently attended the annual PDAC convention in Toronto and met with a number of shareholders. We always welcome the opportunity to directly answer questions and discuss company plans with our shareholders. We believe in being accessible, accountable and responsive.
Torex Gold Resources Inc. is pleased to announce that its wholly-owned subsidiary, Minera Media Luna S.A. de C.V., has signed a long-term, common land lease agreement with the Real del Limon Ejido for all of the remaining common use land that is required (222 hectares) for the future construction, mining, and processing of gold at its Morelos Gold Project in Guerrero State, Mexico.
Pan American Goldfields Ltd. is pleased to announce the mineral production and revenues received from its Cieneguita Project located in Chihuahua, Mexico for the third quarter ending November 30th, 2011.
California Gold Corp. recently announced that it is planning to start a drilling program at its AuroTellurio Project located near the town of Moctezuma in Sonora, Mexico. Diamond drilling operations, involving a total of 3,000 meters of core drilling aimed to test three specific targets, are scheduled to commence in April 2012.
Bell Copper Corporation is providing the following update on its La Balsa project in Michoacan, Mexico.
Fresnillo has no plans for a special dividend despite strong cash position, no debt
-Fresnillo plans to use cash to fund a 54% rise in its 2012 capex plan
-Fresnillo on track to open every year a new mine or complete expansion project over next 5 years
Guerrero Exploration Inc. (“Guerrero” or the “Company”) (TSX-V: “GEX”) announces that the Company has amended the terms the previously announced private placement being brokered by Euro Pacific Canada Inc. (the Agent). Subject to regulatory approval, the placement now consists of up to 12,000,000 Units at $0.125 per Unit for total gross proceeds of $1,500,000. Each Unit will consist of one common share and one-half of a common share purchase warrant (a “Warrant”). In addition, the Company will grant the Agent an option to sell up to 15% additional Units under the same terms to raise additional gross proceeds of $225,000. Each whole Warrant will entitle the holder to purchase one common share at $0.25 for a period of 12 months from the date of closing.
El Tigre Silver Corp. is pleased to report that its 2012 core drilling program at its El Tigre silver project has started on schedule. The El Tigre silver project is located on concessions that are part of the Company’s 431 square kilometer concession ownership in Sonora, Mexico.
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