San Marco Resources Inc. is continuing exploration on its Los Carlos gold/silver prospect in Sonora, Mexico. The property is located 40 km west of the town of Trincheras, 18km south of GoldGroup’s Cerro Colorado mine and 85 km west of Timmins Gold’s San Francisco mine.
International Millennium Mining Corp. is pleased to announce that First Mexican Gold Corp has completed its 80% option earn-in on the Hilda/Guadalupe property in Sonora State, Mexico, from the Company’s wholly owned subsidiary, Minera Internacional Milenio S.A. de C.V. The option agreement was subject to FMG spending a total of US$4 million dollars on the project.
Galore Resources Inc. completed a track-drill sampling program on its El Álamo claim, part of the Company’s 100%-owned Dos Santos project in the Mazapil-Camino Rojo trend of the Concepción del Oro district, Zacatecas, Mexico. The program results produced strong gold numbers that justify a more extensive exploration program at El Álamo.
Amex Exploration inc. is pleased to announce that all necessary permitting have been obtained and all road access have been completed on the Chivas property in Sonora, Mexico. The Chivas property, optioned to Bowmore Exploration Inc., is composed of two claims covering over 24,841 hectares situated at 15 kilometres to the west of the Dolores Mine owned by Minfinders Corporation Ltd. Geologically, the property is located within the Sierra Madre Occidental gold belt of Mexico wich hosts reserves of more than 40 million ounces of gold and 2 billion ounces of silver.
Agnico-Eagle Mines Limited (“Agnico-Eagle”) announced today that it has acquired the remaining 5,032,139 common shares (the “Shares”) of Grayd Resource Corporation (“Grayd”) not already owned by Agnico-Eagle, representing approximately 5.23% of the outstanding Shares on a fully-diluted basis, pursuant to a previously announced compulsory acquisition carried out under the provisions of the Business Corporations Act (British Columbia) (the “Compulsory Acquisition”). Following completion of the Compulsory Acquisition, Agnico-Eagle now owns 96,261,039 Shares, representing 100% of the outstanding Shares on a fully-diluted basis.
Oro Mining Ltd. announces the results of the sonic drilling campaign conducted in 2011.
First Mexican Gold Corp. is pleased to announce that it has completed its 80% option earn-in on the Guadalupe property in Sonora State, Mexico, from Minera Internacional Milenio S.A. de C.V., a wholly owned subsidiary of International Millennium Mining Corp. The option agreement was subject to First Mexican Gold having to spend a total of US$4 million dollars on the project.
Vendome Resources Corp. is pleased to announce additional high grade chip and channel samples from its San Javier Mine property located within the municipality of Malinaltepec, State of Guerrero, Mexico.
Riverside Resources Inc. is pleased to report positive results from excavator trenching reporting assays up to 1.4 g/t Au and providing further evidence to support the model that trenching has exposed the upper levels of a newly discovered, low sulfidation epithermal district. Trench results included 3.4 metres @ 0.65 g/t Au (including 1.7m of 1.2 g/t) and 15.89 metres @ 0.18 g/t Au (including 3.1m of 0.53 g/t). Results showed very encouraging dissemination beyond vein controls. Riverside and partner Mexigold Corp. are set to commence drilling shortly on the trench and rock assay target areas.
Almaden Minerals Ltd. (AMM.TO), which lost more than 4% yesterday, announced results from the 2011 drilling program on the company’s 100% owned Tuligtic project, Mexico, with holes TU-11-69, 75, 77 to 80, 82 To 87 and 89 to 92.
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