Stroud Resources Ltd. announced today that Herbert Gasser has resigned as a director of the Company. Stroud wishes to thank Mr. Gasser for his valuable contributions to the Company during his five years of service on the board. The Company has initiated a search for a new director to fill the vacancy created by Mr. Gasser’s resignation.
Bacanora Minerals Ltd. is pleased to report the final results obtained from its second round of drilling at its “Ventana” lithium property located in eastern Sonora, Mexico, which consisted of 1,465 metres in 8 NQ-Core holes. The Company is also pleased to announce the launch of the third round of drilling at its 100% owned “Ventana” and “El Sauz” properties.
Westminster Resources Ltd. has closed an agreement with Capstone Mining Corp. originally announced on February 9, 2012 (see NR #WMR 12-01) whereby the Company has granted Capstone an option to acquire up to a 70% interest in the Cumbral-San Bartolo prospect area of the El Cobre property through staged exploration expenditures totaling $9.3 million by December 31, 2015, and delivering a scoping study by June 30, 2016.
Colibri Resource Corporation is pleased to update exploration activities at the Ramard property near the town of Carbo and at the Colibri project located approximately 40 kilometers north of the city of Caborca in northern Sonora, Mexico.
Southridge Enterprises Inc. is pleased to announce potential asset value in excess of twelve million dollars ($12,000,000USD) from the processing of approximately 35,000 tons stockpile ores available on our Cinco Minas property. The Company has completed rock sampling of the ore stockpiles at Cinco Minas and confirmed the grades cited in the 2007 Behre Dolbear Report to be accurate.
Lone Star Gold, Inc. is pleased to provide an update on its Tailings Project wash plant construction progress and other project developments, and on its La Candelaria gold-silver project drilling progress and sample results. Both projects are located in the state of Chihuahua, Mexico.
Fresnillo plc is pleased to announce the appointment of Ms María Asunción Aramburuzabala and Mr Alejandro Baillères as non-executive Directors of Fresnillo.
Golden Tag Resources Ltd. is pleased to announce that a 5,000 metre program of diamond drilling with an estimated budget of $1.8 million including related expenditures, is planned to commence in May, 2012 on the San Diego Property in Durango State, Mexico. The recently revised joint venture agreement with partner Golden Minerals Company (see press release:March 28)(see press release:2012), gives Golden Tag the right to increase its interest in the joint venture from 50% to 60% by funding the next US$3 million of exploration expenditures and to assume the role as designated operator of the JV. While the joint venture was scheduled to issue an updated NI 43-101 resource report in April, 2012, this will now be delayed, as recent developments provide Golden Tag an opportunity to focus immediately on Resource growth at San Diego. The objective of the 2012 drilling program is to further delineate and potentially extend, several new discoveries which were the result of drilling in 2011 (see press releases:October 27)(see press releases:2011)(see press releases:November 15)(see press releases:2011)(see press releases:December 12)(see press releases:2011)(see press releases:January 31)(see press releases:2012). Upon completion, the results from the new Phase 6 drilling program will be incorporated into new models for geology and mineral resources on the San Diego Property and a new updated 2012 Resource Report will be issued, now targeted for October, 2012.
Evrim Resources Corp. is pleased to announce the start of the 2012 exploration program at the Cumobabi copper — molybdenum porphyry project in Sonora, Mexico. The exploration program is a joint effort between Inmet Mining and Evrim and is subject to an option agreement announced in February 2011.
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