Animas Resources Ltd. has closed on $1.2 million of the financing with Ernesto Echavarria as the sole participant. Mr. Echavarria may fund Animas with additional funds at a future date as approved by the shareholders for up to a 39.1% interest in Animas. Mr. Echavarria now owns approximately 27.7% of the issued and outstanding common shares of Animas.
Further to the Company’s news releases dated November 28, 2011 and January 6, 2012 announcing a private placement of 2,866,666 units, the Company is pleased to announce it has received TSX Venture Exchange approval for and closed the private placement of 2,866,666 units, at a price of $0.12 per unit each with half a warrant at $0.15 excisable for two years, to raise proceeds of $344,000.
Santa Fe Metals Corp. is pleased to report assay results from the November/December 2011 phase of the ongoing sampling program on its Don Indio project at Cuatro Ciénegas, Coahuila, Mexico.
VANCOUVER, BRITISH COLUMBIA, Jan 18, 2012 (MARKETWIRE via COMTEX) — Baja Mining (otcqx:BAJFF) today announced that its 70 per cent-owned Mexican subsidiary, Minera y Metalurgica del Boleo S.A de C.V. (MMB) drew a further US$ 100 million on January 17, 2012, the third draw on its senior debt facilities to date.
Urastar Gold Corp is pleased to announce that it is starting a drill program to test its two gold properties located in the Mulatos Gold Belt in Sonora State, Mexico. A total of 1500 m of reverse circulation drilling is planned for the Jabali and Juliana gold properties.
Avino Silver & Gold Mines Ltd. is pleased to announce results of further drilling at the San Gonzalo zone on the company’s property north-east of Durango, Mexico.
Pan American Goldfields Ltd. is pleased to announce that work on the Cieneguita project NI43-101 compliant Preliminary Economic Assessment is on schedule for its expected completion in the second quarter of 2012. The PEA was started in October 2011 and the primary consultant is M3 Engineering and Technology based in Tucson, Arizona.
Production Report for the 12 months ended 31 December 2011
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