Elgin Mining Inc. released today financial results for the first quarter of 2012. The Company’s unaudited interim consolidated financial statements for the quarter ended March 31, 2012 and 2011 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.
McEwen Mining Inc. is pleased to provide an exploration update for its El Gallo Complex in Sinaloa State, Mexico. Recent exploration drilling has focused on two targets. The first is a new gold vein that returned multiple intersections of high-grade gold over narrow intersections, including 27.5 gpt gold over 2.1 meters. The second target is located inside of the Phase 1 area, which is permitted for mining and scheduled to begin production during the second half of 2012, where wide intersections of low-grade gold mineralization have been encountered including 0.45 gpt gold over 77.6 meters.
Comstock Metals Ltd is pleased to announce the assay results received from core hole CO-12-71, the first hole ever drilled to test the Esperanza Showing at the Corona Project in the Uruachic-Ocampo District of western Chihuahua, Mexico.
Lone Star Gold, Inc. is pleased to provide an update on the Company’s Tailings Project wash plant in terms of operation, ongoing development and further concentrate testing results. Lone Star has an undivided 65% interest in the Tailings Project, which represents 1.2 million tons of mine tailings.
Oroco Resource Corp. is pleased to report additional results from the 2011 and 2012 exploration and infill drill program at its Cerro Prieto Project in northern Sonora State, Mexico.
Southridge Enterprises Inc. is pleased to announce that the Company has signed a Letter of Intent with San Dimas Mineria S.A. to acquire a 100% interest in the El Horconcito Gold Mine, in the state of Durango, Mexico. El Horconcito is located in the San Dimas mining municipality of Durango, close to the Sinaloa border.
Dia Bras Exploration Inc. is pleased to report that continued surface and underground drilling at its Promontorio mine (figure 1:Cusi Project Map View) has expanded the Promontorio disseminated silver deposit and the El Gallo veins while development work on Level 9 of Promontorio mine has encountered good grades of silver in the disseminated zone. Additionally, drilling at Santa Eduwiges has cut several new zones of high grade silver mineralization.
Capstone Mining Corp. today announced that Korea Resources Corporation’s representative on Capstone’s board of directors has changed. Pursuant to formation of the strategic partnership for the development of the Santo Domingo project and Shareholders Agreement for the project between Capstone and KORES dated June 17, 2011, KORES is entitled to appoint one representative to Capstone’s board.
PREMIER GOLD MINES LIMITED announces proposed changes to the Company’s Board of Directors, to be effective at the upcoming Annual General Meeting of Shareholders scheduled for 4:00pm, June 28, 2012, at the Toronto Board of Trade. Proposed additions to the Premier team include Mr. Ebe Scherkus as Director and Chairman and Mr. Claude Lemasson as Director. Premier’s current Chairman, Mr Richard J. (Ritch) Hall and Director John A. Pollock will not be standing for re-election.
Avino Silver & Gold Mines Ltd. is pleased to provide the following update on the progress made at its San Gonzalo Mine located 82 KM NE of Durango, Mexico.
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