San Marco Resources Inc. is pleased to report results from the first phase of core drilling at its 100% optioned Los Carlos property in the “Sonora Mojave Megashear”, Sonora State, Mexico.
Goldgroup Mining Inc. has had its Change of Soil Use Permit, also known as the “Estudio Técnico Justificativo para Cambio de Uso de Suelo”, returned to the Company, for its 100% owned Caballo Blanco gold project, from the Ministry of Environment and Natural Resources, also known as the Secretaría de Medio Ambiente y Recurso Naturales (“SEMARNAT”). Goldgroup submitted the ETJ to SEMARNAT, which is the federal environmental regulatory agency in Mexico, on December 16, 2011. The ETJ is evaluated by the regional office of SEMARNAT in Veracruz. Comments by SEMARNAT request that the Company provide further details on the following information for its ETJ application:
Argonaut Exploration Inc. announces that it intends to complete a non-brokered private placement of up to 10,000,000 units at a price of $0.05 per Unit for gross proceeds of up to $500,000. Each Unit shall be composed of one common share in the capital of the Company and one flow-through Common Share purchase warrant. Each Warrant shall be exercisable into one Common Share issued on a tax “flow-through” basis at an exercise price of $0.10 per Flow-Through Share until December 31, 2012.
Golden Tag Resources Ltd. is pleased to announce that a 5,000 metre diamond drilling program has commenced on the San Diego Property, Velardena Mining District, Durango State, Mexico. The program, which is the 6th phase of drilling on the property, is budgeted at $US1.8 million and is being wholly-funded by Golden Tag as part of a recently revised joint venture agreement with Golden Minerals Company whereby Golden Tag has the right to increase its interest in the joint-venture from 50% to 60% by funding the next $US3 million of exploration expenses. Golden Tag is the operator.
New mineralized structure up to 12 meters wide includes 3 meter intercept of 4.24 g/T Au and 817 g/T Ag
International Northair Mines Ltd. is pleased to announce assay results from seven core holes recently completed in the Las Carolinas Zone of its La Cigarra silver project, located in north central Mexico.
Santacruz Silver Mining Ltd. Santacruz is pleased to provide an update on its Rosario project, located in the mining district of Charcas, San Luis Potosi, Mexico. The environmental permits for both the underground development and mine construction have been received for the Rosario project. This is a positive development for the project as it is the Company’s intention to commission the mill within the first quarter of 2013. Detailed engineering and construction work continues on the project and is on schedule for the Company’s production target timeline.
First Majestic Silver Corp. is pleased to announce a new NI 43-101 Technical Report (TR) and Pre-Feasibility Study (PFS) for the Del Toro Silver Mine.
Silver Bull Resources, Inc. is pleased to provide the results that will be reported in the updated NI43-101 Technical Report currently being completed by SRK Consulting Inc. on the silver mineralization of the “Shallow Silver Zone” at the Sierra Mojada Project in Coahuila, Mexico.
Endeavour Silver Corp. announces that exploration drilling at the San Sebastian property in Jalisco State, Mexico has discovered a new high grade silver-gold mineralized zone in the Terronera vein.
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