Galore Resources Inc. has closed its non-brokered private placement offering of CDN $750,000 announced on Wednesday May 2, 2012. The total number of securities issued in the financing consists of 7,500,000 Units priced at $0.10 per unit.
Kimber Resources Inc. is pleased to announce the results from two drill holes designed to test for new structures in the “Carmen East” area on its 100%-owned Monterde property. Drill hole MTC-163 intercepted multiple mineralized structures, including two with high-grade gold-silver mineralization: one returning 4.3 g/t gold and 166.6 g/t silver over 2.1 metres and the other grading 3.2 g/t gold and 222.0 g/t silver over 1.5 metres.
Victory Resources Corp. is pleased to announce that it has completed the 1st stage drill program on the Matanza tailings pond located at the Reforma mine.
International Northair Mines Ltd. is pleased to report that a core drill program has commenced at its Sierra Rosario silver/gold project located in Sinaloa State, Mexico.
American Consolidated Minerals Corp. is pleased to report that a core drill program has commenced at its Sierra Rosario Silver/Gold Property, located in Sinaloa State, Mexico.
Arian Silver Corporation, a silver exploration, development and production company with a focus on projects in the silver belt of Mexico, today announced the release of its Management’s Discussion and Analysis and unaudited Financial Statements for the three months ended 31 March 2012.
Westridge Resources Inc. announces that the cumulative strike length of all mineralized vein structures on the Charay Property is now approximately 4,000 meters compared to 250 meters when the project was acquired. This has been accomplished through ongoing interpretation of the results of drilling, geological mapping, trenching and sampling, all of which continues to identify new epithermal veins.
Mr. Thomas Skimming, CEO of MacMillan Minerals Inc., is pleased to announce that the Company has commenced a diamond drilling program on the La Raizura Target at the Las Cucharas Gold and Silver Project. Mr. William Hamilton, P. Geo., Manager of Exploration, is a Qualified Person under the meaning of National Instrument 43-101 and is responsible for all technical information contained in this news release.
Aura Silver Resources Inc. is pleased to announce that Mr. Alain Vachon has accepted the position of Vice President Exploration of Aura Silver. In addition, Mr. Nick Tintor has accepted an appointment to the Board as an independent Director. Alain replaces Mr. Eric Craigie who has retired from his management position but who will remain with the Board as a Director.
Excalibur Resources Ltd. is pleased to provide an update on the progress towards production in its 49% subsidiary, Minera Catanava S.A. de C.V. The land use environmental permit received in November 2011 allowed the construction and installation of the plant. The ball mill, jaw and cone crushers and ore bins were installed in December. The conveyors, belts and motors were delivered, installed and tested in January-March and all are operational. In April, 100 tons of dump material was loaded into the raw ore storage bin and 50 tons was crushed to 1/4 inch material into the fine ore hopper that is being batch tested on the three recently installed Action Mining Micron Wave tables. The material is being tested by increasing the size of the batches in order to optimize the flow, the grind and the gold recoveries. Various adjustments have been made including installing feeders for the wave tables and a holding tank.
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