Excalibur Resources Ltd. is pleased to announce that it has completed a non-brokered private placement of 4,833,331 common shares at $0.30 per share for a total of $1,450,000. Proceeds will be applied to the Company’s Catanava gold production project in Mexico, for potential acquisitions and to working capital.
Canasil Resources Inc. announces that in 2011 the Company completed exploration programs on 7 precious and base metal projects, 5 in Mexico and 2 in BC, Canada, including diamond drilling, airborne geophysical surveys, satellite imaging and geological mapping and sampling programs. Total expenditures by Canasil and partners in 2011 amounted to over $1.75 million. The 2012 exploration program has started with MAG Silver resuming drilling at the La Esperanza silver-lead-zinc project in Zacatecas, Mexico, to complete up to 5,000 metres of diamond drilling. Pan American Silver is also expecting approval of the drill permit for the Carina silver-gold-base metal project in Durango State, Mexico, and plans to start a drill program following receipt of the permit for up to 2,900 metres of diamond drilling. These drill programs will provide for an immediate start during this quarter to Canasil’s 2012 exploration activities.
Galore Resources Inc announces the acquisition of surface rights to 110 hectares of privately owned land known as Rancho Duraznillo that cover an important portion of the Dos Santos project Los Gemelos gold target.
COEUR D’ALENE, Idaho, Jan 19, 2012 (BUSINESS WIRE) — Coeur d’Alene Mines Corporation today announced the appointment of Randy Buffington to the position of Senior Vice President of Operations. In this role, Mr. Buffington will oversee the Company’s silver and gold mining operations worldwide.
Vista Gold Corp. is pleased to announce the results of its initial drilling program for the Guadalupe de los Reyes gold-silver project in Sinaloa, Mexico. In November 2011, Vista initiated an exploration drilling program on the project. With the results of the first 10 core holes, we have begun to achieve our objectives of:
Torex Gold Resources Inc. is pleased to report numerous high grade gold intercepts at its El Limon deposit. These step-out drill results extend the known mineralization to the east and west of the El Limon deposit and defined several areas requiring additional step-out drill testing, which will be conducted over the next four weeks. The 2011 drill program north of the Balsas River was extended into 2012 and is expected to be completed within the next four weeks. The very successful results of the 2011 drill program on all three known deposits north of the Balsas River will be combined with previous drill results to allow the preparation of new ‘North of the Balsas River’ resource estimates, which are expected to be completed in late March of this year.
Vancouver, B.C. — January 19, 2012: San Marco Resources Inc. (SMN: TSX-V) has completed its non-brokered unit private placement announced December 16, 2011. The private placement was oversubscribed and a total of 5,176,250 units at $0.10 per unit were issued in two tranches for gross proceeds of $517,625. The shares, including any shares issued on exercise of the warrants and as finder’s fees, are subject to transfer restrictions until April 24, 2012 (first tranche of 1,226,250 Units) and May 20, 2012 (second tranche of 3,950,000 Units).
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