Sonora Resources Corp., a mineral exploration and development Company focused on the acquisition and development of international silver and gold mining properties, is pleased to advise that underground fieldwork is currently underway at the Los Amoles silver project in the State of Sonora.
Drill Hole RCHE-11-220 intersected two separate intervals with 22.5 meters containing 2.5 grams of gold per tonne and 30 meters containing 1.1 grams of gold per tonne.
Drill Hole RCHE-11-221 intersected two separate intervals with 10.5 meters containing 1.7 grams gold per tonne and 18 meters containing 1.0.
Drill Hole RCHE-11-222 intersected 40.5 meters containing 1.6 grams gold per tonne.
THUNDER BAY, ONTARIO, Jan 04, 2012 (MARKETWIRE via COMTEX) — SOURCE EXPLORATION CORP. (the “Company” or “Source”) /quotes/zigman/510127 CA:SOP +6.98% announced today that Mr. Paul Huet has been appointed as a Director of the Company.
Key developments for Phase 1 construction and exploration results include:
– Construction of Phase 1 remains on time and budget and is scheduled to be completed by mid-2012. Phase 1 production is expected to average 30,000 ounces of gold per year. Phase 2, for which a feasibility study is being completed, is expected to contribute an additional 5 million ounces of silver and 5,000-10,000 ounces of gold per year.
– The mining fleet for Phase 1 has arrived and pre-stripping of the open pit mine began on December 9th and will continue during the first half of the year. Stockpiling of ore is expected to begin in the coming weeks. Ore is expected to be delivered to the heap leach pad by mid-2012.
– Engineering for the crushing, process plant and heap leach facilities has been completed. Pre-existing equipment has been disassembled and removed from site. The new crushing and process plant is expected to be completed by May-2012. (A photo library showing bi-weekly progress can be viewed by clicking here).
Prospero Silver Corp. announced today the results of an 870m diamond drill program at its Campana project in central Durango State, Mexico. Holes CAM-11-01 and CAM-11-02 focussed to the east and north of historic drilling (2007) that showed disseminated gold and silver mineralization over intersections up to 330m in length. The two-hole program, just finished, tested a zone characterized by chargeability and resistivity highs (Figure 1) as outlined by Z-TEM and IP surveys conducted earlier this year (refer to news releases of July 13, 2011 and August 29, 2011).
Vancouver, British Columbia (January 4, 2012) – Sutter Gold Mining Inc. (TSXV: SGM; OTCQX: SGMNF) (“Sutter” or the “Company”) is pleased to announce that it commenced trading today on OTCQX, the top tier of the U.S. Over-the-Counter (“OTC”) market, under the symbol SGMNF.
First Majestic Silver Corp. (“First Majestic” or the “Company”) is pleased to announce the appointment of Mr. Martin Palacios to the position of Chief Information Officer (“CIO”).
VANCOUVER, BRITISH COLUMBIA–(Marketwire – Jan. 3, 2012) – Aura Minerals Inc. (TSX:ORA) (“Aura Minerals” or the “Company”) is pleased to announce the appointment of Ian Stalker to the Company’s Board of Directors.
Baja Mining Provides Update on Governance and Boleo Project Independent Chair of the Board Appointed Boleo Project Progress Continues Drilling Program Advances, With Assays Expected in Q1 2012 Vancouver, January 3, 2012 – Baja Mining Corp. today announced the appointment of former independent Lead Director Giles Baynham as independent Chair of Baja’s Board of Directors, the adoption of several new policies relating to corporate governance, and provided an update on the Company’s 70% owned, Boleo copper-cobalt-zinc project located in Baja California Sur, Mexico.
COUER D’ALENE, Idaho, Jan 03, 2012 (BUSINESS WIRE) — Star Gold Corp. (“Star Gold” or the “Company”) (otc markets:SRGZ) is pleased to announce the appointment of David Segelov to the Company’s Board of Directors. David Segelov is a Chartered Financial Analyst (CFA) and earned a Masters of Business Administration from Columbia University in New York. He also holds a law degree from Sydney University. He is the sole partner of Reverse Swing Capital, a financial consulting firm. Reverse Swing Capital provides financial analysis of investments and ideas for hedge funds. Prior to starting Reverse Swing Capital, Segelov was an analyst at various hedge funds including, for five years, at Para Partners in New York. Mr. Segelov currently holds no other management positions with any other public companies. For the past six years Mr. Segelov has primarily focused on resource companies in the USA, Australia and Canada with an emphasis in gold investments. Mr. Segelov has invested in a range of early stage projects encompassing various types of metals; including being an early investor in open pittable gold mines in Mali and Ghana and projects developing silver in New South Wales. Mr. Segelov’s personal philosophy as an investor is to identify long range “holds” in an attempt to capture value along the curve as companies are able to find and add resources and prove those resources into a viable mine.
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