Month: February 2012

Goldgroup Mining Inc. is pleased to announce that the assay results from the initial 175 metres of underground tunnel development at the Company’s 100%-owned Caballo Blanco gold project in Veracruz, Mexico, confirm past drilling results, thereby providing additional confidence to the Company’s mineral resources announced on February 16th, 2012. The tunnel at the La Paila Zone is being driven to collect bulk-sample material for ongoing metallurgical test work. The tunnelling also provides direct access to the mineralized zone allowing the Company to enhance its understanding of the geological and geotechnical characteristics of the mineralized silica body. Assay highlights from the tunnel include 34.2 metres of 0.77 g/t Au and 30.9 metres of 0.68 g/t Au from channel sampling in the main tunnel, and 42.2 metres of 0.46 g/t Au from sampling in the cross cut off the main tunnel. The results to date show good correlation between the channel sample results and blast material sample results. Moreover, the average gold grades of the mineralized zones in the tunnel correspond well with the grades of the drill holes completed in the area surrounding the tunnel.

Cream Minerals Ltd. is pleased to announce in-fill drill results for four holes testing the Once Bocas North Zone at Nuevo Milenio. Drill holes OBN 09-11 to OBN 12-11 tested the central section of Once Bocas North returning good values over widths ranging from four metres to 22 metres.

Camino Minerals Corporation is pleased to announce that it has entered into a Purchase of Rights Agreement with Silver Standard Resources Inc. pursuant to which the Company has agreed to acquire the back-in right that Silver Standard holds with respect to each of the El Rincon Gold Project and the Mecatona Gold-Silver Project, and Silver Standard’s right of first offer with respect to the Rodeo Gold Project.

Un canadiense y un estadounidense son averiguados por intimidar a un hombre y a su madre

Colibri Resource Corporation is pleased to announce progress on its Ramard silver project located near the municipality of Carbo, State of Sonora, Mexico. Colibri recently completed a comprehensive exploration program over the Ramard property, which included geologic mapping, a systematic rock and soil geochemical sampling program, and a ground-based 3D Induced Polarization geophysical survey.

ABOT Mining is pleased to announce potential production of up to 900,000 ounces of Au from processing of approximately 400,000 tons ores available on our JV Partner Mexican gold property. As reported earlier, initial flotation engineering results from the surface of the ore indicated a recovery value of 89.00% of the Au and showed 2.51 ounces of Au per metric ton of ore. This cumulative ore tonnage represents possible production of over $1.5 billion in today’s gold prices.

ASX-listed Azure Minerals has started a prefeasibility study (PFS) on its Promontorio copper-gold-silver project, in Mexico.