Gold Resource Corporation today announced record 2011 production, fourth quarter results and provides its 2012 production outlook which continues to target an aggressive low-cost growth profile. Gold Resource Corporation is a low-cost gold producer with operations in the southern state of Oaxaca, Mexico.
Dia Bras Exploration Inc. is pleased to report that continued drilling from the surface at its Promontorio mine (“figure 1:Cusi Project Map View”) has discovered more wide zones of disseminated silver mineralization. Additionally, the Company has provided an update on its pilot mining operations at the Cusi property for December 2011 and January 2012.
Mexico’s mining production rose 5.4% in December from the year-ago month, led by output of copper and coal, with smaller gains in silver, the National Statistics Institute, or Inegi, said Wednesday.
Soltoro Ltd. and Argentum Silver Corp. are pleased to announce assay results from the first four diamond drill holes completed on the El Tajo vein at the Coyote property located in Jalisco, Mexico.
Golden Goliath is pleased to announce that exploration work on the Company’s wholly-owned Nopalera property is progressing very well. Surface work, including geology, geophysics and geochemistry is delineating targets for the first ever diamond drilling program on the property, to be undertaken as soon as drill target definition is complete.
Zinco Mining Corporation has completed an in-house technical review of its Cuale VMS Camp and proposes a drilling program that will allow it to calculate an initial resource estimate on at least one of the prospects. This proposal is a follow-up to the drilling program in 2011 when the Company completed 1534.8 metres of HQ diamond drilling in 14 holes. The drilling was split between San Juan (955.3 m in 9 holes) and Jesus Maria (579.5 m in 5 holes) in the Cuale VMS camp, one of several VMS camps in the Company’s Jalisco VMS Project concessions.
Aurion Resources Ltd. (“Aurion” or “Company”) (TSX VENTURE:”AU”) is pleased to report that it has increased the size of its previously announced non-brokered private placement, to 8,571,428 million units at a price of CDN$0.35 per unit to raise aggregate gross proceeds of CDN$3,000,000. Each unit will consist of one common share of Aurion and one full share purchase warrant of Aurion. Each whole share purchase warrant will entitle the holder thereof to acquire one additional common share of Aurion at an exercise price of CDN$0.45 cents per share for three years. Aurion can elect to accelerate the exercise of the warrants if Aurion’s volume-weighted average share price is at or above CDN$0.70 per share, based on the preceding 20 day closing share price. Finder fees may be paid pursuant to this financing.
Formation Metals Inc. announced today that the Company’s shares have commenced trading on the OTCQX(r), the United States Over-the-Counter market’s highest tier, under the symbol FMETF.
San Marco Resources Inc. is pleased to report it has granted an option to Skanderbeg Capital Partners Inc. of Vancouver, BC to acquire a 50% interest in San Marco’s La Buena property, Zacatecas, Mexico.
Geologix Explorations Inc. is pleased to announce the acquisition of an option to earn a 100% interest in the La Carreta gold-copper-silver property in Michoacán State Mexico. La Carreta property is located approximately 20 km north-east of the Company’s Tepal project. The concession covers 207 hectares (2.07 square km) and is proximal to water and power, and accessible via paved highway and agricultural roads.
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