Lone Star Gold, Inc. announced yesterday that they plan to begin initial shipments of tailings from their San Antonio del Potrero project for processing one week ahead of schedule. The company has also announced that unofficial results of samples of ore from the project show higher than reported amount of minerals (Gold, Silver, Lead and Zinc).
For the Huichol Indians, the desert mountains here are sacred, a cosmic portal with major mojo, where shamans collect the peyote that fuels the waking dreams that hold the universe together. For a Canadian mining company, these same hills look like a billion dollars worth of buried silver.
United States Antimony Corporation reported that the flotation mill in Guanajuato, Mexico is now operating on feed from the Soyatal District containing 5-6% antimony. Initial concentrates assayed 66% antimony.
Candente Gold Corp is pleased to announce that additional gold and silver mineralization has been intersected well below the historical workings of the San Rafael Vein on the El Oro gold project, Mexico. Drilling by Candente has now shown that the San Rafael Vein extends over a minimum of 3.5 kilometres in strike length and 500 meters vertical.
Vancouver, British Columbia – Further to its press release of February 8, 2012, Cortez Gold Corp. (TSXV:CUT) (“Cortez” or the “Company”) announced today that it has closed its non-brokered private placement with the issuance of 4,145,351 Units (the “Units”) priced at $0.10 per Unit, for gross proceeds of $414,535.10.
Vancouver, BC – February 14, 2012 – Corex Gold Corp. (the “Company”) further to its news release of January 20, 2012 is pleased to advise it has received TSX Venture Exchange (“Exchange”) approval on the Amendment Agreement for the acquisition of the Hilda 35 Fraccion 1 mining concession.
The key terms of the Amending Agreement, and exercise of the Final Contract include:
US$150,000 to be paid on or before December 9, 2011 (paid); and
US$569,000 to be paid on or before January 23, 2012 (paid).
Results from 62 diamond core drill holes into the “Shallow Silver Zone”, equating to 11,024 meters of the 36,800 meter drill campaign completed in 2011.
80% of the drill holes intersected zones of silver oxide mineralization >30g/t Ag, including; 144g/t Ag over 31 meters, 109.3g/t over 12.55 meters and 89.4g/t Ag over 36.25 meters.
Significant zinc intercepts including; 19.9% Zn over 10.85 meters, 4.57% Zn over 15 meters and 3.14% Zn over 57.70 meters.
International Northair Mines Ltd. is pleased to report that two geologists and support personnel have commenced an extensive exploration program at its 50% owned Sierra Rosario silver and gold project, located in Sinaloa State, Mexico.
Westridge Resources Inc. announces a diamond drill program has commenced on its Charay Project in western Mexico. Westridge Resources has contracted Major Drilling Group International to undertake a 2,000 meter core drilling program.
VANCOUVER, BRITISH COLUMBIA, Feb 13, 2012 (MARKETWIRE via COMTEX) — Southern Silver Exploration Corp. (frankfurt:SEG) reported today that new assays from 2011 drilling have identified silver-enriched high-grade polymetallic mineralization in two separate target areas on the Cerro Las Minitas project, located in Durango State, Mexico.
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