The ongoing, violent conflict around the Fortuna Silver’s Trinidad/Cuzcatlán Mine in SanJosé del Progreso, Oaxaca, Mexico
“One thing is clear: this was a political hit. Bernardo was murdered because he dared to speak out.” (Dawn Paley)
HALIFAX, March 30, 2012 /CNW/ – GoGold Resources Inc. (TSXV: GGD) (“GoGold”) is pleased to announce that it has entered into a letter agreement with Absolute Gold Holdings Incorporated (“Absolute”) effective March 30, 2012, relating to a transaction pursuant to which GoGold would acquire all of the issued and outstanding common shares of Absolute in exchange for the issuance of 0.81 of a common share of GoGold by way of a share exchange, merger, amalgamation, arrangement, share purchase or other similar form of transaction (the “Transaction”). Upon completion of the Transaction GoGold will continue to operate under the name “GoGold Resources Inc.” (the “Resulting Issuer”).
Dia Bras Exploration Inc. is pleased to announce that its board has approved a new exploration/development budget of $7 million primarily to drill the Promontorio, Santa Eduwiges and La India silver deposits in light of recent positive exploration results in these three areas.
Riverside Resources Inc. and its partner, Sierra Madre Developments are pleased to announce positive assay results including greater than 1 g/t gold in soils from a detailed soil sampling program designed to assess potential western extensions of the El Capitan oxide gold zone at the Penoles Project in Durango, Mexico.
Excellon Resources Inc., Mexico’s highest grade silver producer, is pleased to provide this summary of its financial and operating results for 2011. A copy of the Company’s consolidated financial statements for the year ended December 31, 2011, along with Management’s Discussion and Analysis in respect thereof has been filed on SEDAR and is also available on the Company’s website at www.excellonresources.com . All figures unless otherwise noted are in US$.
New Millennium Iron Corp. (“NML” or the “Corporation”) (TSX:NML) announced today its financial results for the fourth quarter and year ended December 31, 2011.
Argonaut Gold Inc. is pleased to announce its financial and operating results for the fourth quarter and year ended December 31, 2011. All dollar amounts are expressed in United States dollars unless otherwise specified.
Goldgroup Mining Inc. has filed its audited financial results for the year ended December 31, 2011. The consolidated financial statements along with management’s discussion and analysis are available on SEDAR at www.sedar.com and on the Company’s website at www.goldgroupmining.com. All currency references are in United States dollars, unless otherwise noted.
VANCOUVER, BRITISH COLUMBIA, Mar 29, 2012 (MARKETWIRE via COMTEX) — Elgin Mining Inc. (“Elgin Mining” or the “Company”) reported today the release of its financial results for the year ended December 31, 2011 along with an update on the Company’s project development activities. The Company’s consolidated financial statements for the years ended December 31, 2011 and 2010 and notes thereto, along with its Management’s Discussion and Analysis are available at www.sedar.com and www.elginmining.com . Unless otherwise noted, all financial information is expressed in U.S. dollars.
The La Negra Mine has successfully completed its second consecutive mine expansion from 1,500 tonnes per day (tpd) to 2,000 tpd capacity on time and on budget for a cost of $4.5M. Production is anticipated to increase from 130,500 tons at 1500 tpd from Q1 2012 to 176,000 tons at 2,000 tpd for Q2 2012.
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