VANCOUVER, BRITISH COLUMBIA, Feb 06, 2012 (MARKETWIRE via COMTEX) — Chesapeake Gold Corp. (“Chesapeake”) announces key appointments in corporate finance and special advisory in Mexico.
REAL DE CATORCE, San Luis Potosi, Mexico – A quiet but excited buzz hums through the streets of this normally sleepy ghost town turned tourist attraction. Hotels that languished for months are filled to bursting and people are camping on every spare piece of real estate. Everyone is awaiting the arrival of hundreds of Wixarika pilgrims from their homelands in the Western Sierra Madre — a historic mass pilgrimage to connect with the spirits of their ancestors and to pray for the renovation of the fading candles of life that reside in this place, the depleting water supply and the continued equilibrium of all life on Earth.
Focus Ventures Ltd. is pleased to announce encouraging results from its first-phase exploration program at its 13,050 hectare Santa Cruz property in Durango, Mexico. The recent work has significantly upgraded the potential of Santa Cruz, which is now a priority project for Focus.
Guerrero Exploration Inc. (“Guerrero” or the “Corporation”) (TSX-V: “GEX”) is pleased to announce that Ms. Michelle Robinson has joined its Advisory Board. Ms. Robinson is a Geological Engineer, University of British Columbia (B.A.Sc. 1992, M.A.Sc. 1994) and has 21 years of exploration experience in Canada and Latin America. Prior to moving to Mexico, Ms. Robinson authored technical papers on volcanogenic massive sulfide deposits and was the recipient of several awards in the mining industry.
Kootenay Gold Inc. is pleased to announce name change to Kootenay Silver Inc. as Company reports 25,000 meter in-fill drill and resource definition program nears completion on Promontorio Silver Project in Sonora, Mexico.
El Tigre Silver Corp. is pleased to report that all assaying has been completed on its tailings silver-gold recovery project. The assay results from the auger holes continue to confirm the results from previous sampling programs and the overall silver-gold content of the tailings from 35 years of high grade silver/gold mining. The El Tigre tailings are located on concessions that are part of the Company’s 431 square kilometer concession ownership in Sonora, Mexico.
Westridge Resources Inc. announces that the strike length of the high grade epithermal gold and silver El Padre Vein system in the Charay Project in northern Sinaloa State, Mexico has expanded from 240 metres to nearly 1,000 metres through a recent trenching and surface sampling program.
Lone Star Gold, Inc. is pleased to announce that on January 26, 2012, the Company signed a Joint Venture Agreement with the specially formed Mexican subsidiary company, AMIKO KAY, S de RL de CV, and Miguel Jaramillo to process 1.2 million tons of mine tailings at the San Antonio del Potrero mine tailings project. Lone Star acquired an undivided 65% interest in the Tailings Project, which is located in the city of Hidalgo Del Parral in the state of Chihuahua, Mexico.
GREAT PANTHER SILVER LIMITED advises that R. W. (Bob) Garnett, CA, ICD.D., has been appointed Independent Chairman of the Company’s Board of Directors, replacing Kaare Foy, who has stepped aside after serving more than 18 years as a Director of the Company and almost eight years as Executive Chairman. Mr. Foy will continue as a consultant to the Company.
Vancouver, B.C. – Starcore International Mines Ltd. (the “Company”) is pleased to announce that after payment of the final forward sales contract for the sale of gold at $731 on January 31, 2013, the Company expects to be in a position of generating significant net cash flow. At such point, the Board of Directors anticipates that it will use its surplus funds to expand its exploration and development program to increase reserves at San Martin Mine. The Board also intends to mark the end of its hedge obligations to Investec Bank (U.K.) Limited by declaring dividends to its shareholders in 2013.
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