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.
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.
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.
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.
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.
A Mexican mining company is seeking a multi-million dollar judgment against Coeur d’Alene Mines Corporation as compensation for the Idaho company’s alleged breach of contract, according to a lawsuit filed in a Mexican court.
Avino Silver & Gold Mines Ltd., as a result of a review by the British Columbia Securities Commission, issues this news release to clarify and retract certain disclosures made pertaining to conceptual exploration targets and economic analyses of mineral resources at the Company’s Avino property in Durango, Mexico.
Azure Minerals Limited, the Mexican-focused minerals exploration company, is pleased to provide an update of recent activities from its high grade copper-gold-silver Promontorio Project, located in Chihuahua Mexico.
Mercator Minerals Ltd today announced its financial results for the three months ended March 31, 2012. Revenues in the first quarter 2012 were $65.2 million, an increase of 17% over the first quarter 2010, while gross profit was $17.9 million in the first quarter 2012, an increase of 12% over the comparable three months of 2011. Cash flow from operations (before changes in non-cash working capital items) was $7.1 million in first quarter 2012 as compared to $0.2 million in the same quarter of 2011 and net loss in the first quarter 2012 was $20.5 million ($0.08 per share, basic) or $1.5 million ($nil per share, basic) on an adjusted net income basis*.
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