Day: March 29, 2012

Elgin Mining Releases Full Year 2011 Financial Results

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.

Baja Mining Announces Further US$ 80 Million Draw of Senior Debt for Boleo

VANCOUVER, BRITISH COLUMBIA, Mar 29, 2012 (MARKETWIRE via COMTEX) — Baja Mining /quotes/zigman/31250 CA:BAJ 0.00% (otcqx:BAJFF) announces that its 70 percent-owned Mexican subsidiary, Minera y Metalurgica del Boleo S.A de C.V (MMB) drew down a further US$ 80 million on March 28, 2012, the fourth draw on the Company’s senior loans to date.

DynaResource Files National Instrument 43-101 Technical Report for San Jose de Gracia

DynaResource, Inc., a Resource Investment and Management Company based in Irving, Texas, with a current focus on the San Jose de Gracia Project in Sinaloa, Mexico, targeting growth in the defining and production of gold and silver resources, is pleased to announce that it has filed with SEDAR a National Instrument 43-101 compliant Technical Report for the San Jose de Gracia Project (the “2012 DynaMexico Luna-CAM SJG Technical Report”, the “Technical Report”), as received from and approved by DynaResource de Mexico, SA de CV., the 100% owner of SJG.

Goldgroup Announces Tunnel Assays Confirming Drilling Results at Caballo Blanco

Goldgroup Mining Inc. is pleased to announce further assay results from the continuation of underground tunnel development at the Company’s 100%-owned Caballo Blanco gold project in Veracruz, Mexico. Both the main tunnel and a new crosscut tunnel to the west of the main tunnel continue to encounter mineralized, massive and brecciated massive silica. Assay results from the channel sampling in the main tunnel returned 49.40 metres of 1.13 g/t gold and 28.25 metres of 1.26 g/t gold from channel sampling in the crosscut tunnel. The average gold grades of the mineralized zones in the tunnel continue to correspond well with the grades of the drill holes completed in the area surrounding the tunnel. These results provide indirect confirmation for a robust resource model, serving to de-risk the Caballo Blanco project.

Argentum Option Update

Arco Resources Corp. announces that based on the recommendation of the board of directors of Argentum Silver Corp., the optionee of Arco’s Lachiguiri, Silacayoapan and Nino Perdido properties located in Oaxaca, Mexico, Arco filed with the General Direction of Mines in Mexico to reduce the size of the Silacayoapan claim from 20,788 hectares to 3,475 hectares. Further, Arco’s land team determined that it will not renew the claims comprising the Nino Perdido property after discussions regarding Argentum’s decision to drop the claims from the option agreement between Arco and Argentum.

Parlane Closes Private Placement

Vancouver, British Columbia — Further to its press release of February 16, 2012, Parlane Resource Corp. (TSXV:PPP) (“Parlane” or the “Company”) announced today that it has closed its non-brokered private placement with the issuance of 11,000,000 Units (the “Units”) priced at $0.15 per Unit, for gross proceeds of $1,650,000.

Timmins Gold reports Financial Results for the nine months and year ended December 31, 2011

Vancouver, BC – Timmins Gold Corp. (TSX:TMM, NYSE.A:TGD) is pleased to report its financial results for the nine months and year ended December 31, 2011. All results are presented in United States dollar (“US Dollars” or “USD”) unless otherwise stated. Readers should refer to the 2011 year end management discussion and analysis (MD&A) and audited financial statements for more complete information.*

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