Fortunate Sun Mining Company Ltd. is pleased to announce that the Camacho and Pirelli projects 100% owned by the Company have been returned to Fortunate Sun by Kinross Gold’s Mexican Subsidiary, KG Exploracion Mexico S.A de C.V. effective today, as Kinross has elected to terminate the options.
Aurion Resources Ltd. is pleased to announce the signing of a Letter of Intent with Golden Minerals Company whereby Aurion will have the right to earn a 100% interest in the El Teyra and Rubi-Esmeralda gold projects in Mexico as further described below. The acquisition is subject to exchange approval.
Cangold Limited is pleased to provide a progress report on the initial steps being taken in advancing the Ixhuatan Gold Project in Chiapas, Mexico through to feasibility study and on its other projects. Cangold is earning a 75% interest in the Ixhuatan project through its own wholly-owned Mexican subsidiary, Coboro Minerales de Mexico, S.A. de C.V.
AuRico Gold Inc. is pleased to provide highlights of the 2011 exploration programs completed at the Company’s expanded asset base in Canada , Mexico and Australia . The Company expects to release a company-wide reserve and resource update in the first quarter of 2012.
AuRico Gold Inc. is pleased to provide highlights of the 2011 exploration programs completed at the Company’s expanded asset base in Canada, Mexico and Australia. The Company expects to release a company-wide reserve and resource update in the first quarter of 2012. (Refer to Tables in the Appendix for selected drilling results).
Revolution Resources Corp TSX:RV is pleased to announce that Mr. Terry Bell has been appointed to the Board of Directors.
Riverside Resources Inc. is set to deliver strong growth catalysts and bring value for its shareholders in 2012. Drilling Riverside owned prospects and pushing for discovery will continue to be a main focus for the Company. Riverside anticipates results from five different partner-funded drill programs over the course of the year, and the Company is constantly evaluating new potential deals and partnerships to further increase the junior and alliance partner spending already expected on the portfolio in 2012. The upcoming year will build upon 2011 where Riverside successfully delivered on its goals to:
Minefinders Corporation Ltd. is today reporting its production and sales results for the quarter ended December 31, 2011 and for the full 2011 year. Full 2011 financial and operating results will be released after market close on Thursday, February 23, 2012.
SilverCrest Mines Inc. is pleased to announce that it has retired the Project Loan Facility with Macquarie Bank Limited related to the construction of the Santa Elena Mine located in Sonora, Mexico. The original amount of the loan was $12.5 million USD and the principal balance outstanding at September 30, 2011 was $7.1 million USD. The loan retirement was funded entirely with cash flow from operations and was repaid 21 months ahead of schedule.
United States Antimony Corporation reported that the flotation mill in Guanajuato, Mexico has been completed and is ready for production. To start milling operations, dump rock was hauled from older workings at the Los Juarez antimony/silver/gold property in Queretaro, Mexico. Six samples were taken on a regular basis from approximately 19 truckloads or 420 metric tons from dump rock from an open pit called “Minas Grande.” The significance of this dump is that it was mined to a depth of 40 meters indicating that the deposit is not just a layered, “Manto”, deposit of 5 meters thickness.
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