Aura Minerals Inc. today announced financial and operating results for the first quarter of 2012. All dollar amounts are expressed in US dollars unless otherwise specified.
Silvermex Resources Inc. reported today its unaudited financial results for the quarter ended March 31, 2012.
Aurion Resources Ltd. reports that its partner AuRico Gold Inc has terminated the option and joint venture agreement on Aurion’s wholly owned La Bandera gold project in Durango, Mexico.
MAG Silver Corp. announces the Company’s unaudited financial results for the three months ended March 31, 2012. For complete details of the first quarter unaudited Condensed Interim Consolidated Financial Statements and related Management’s Discussion and Analysis, please see the Company’s filings on SEDAR ( www.sedar.com ) or on EDGAR ( www.sec.gov ). All amounts herein are reported in United States dollars unless otherwise specified.
Kimber Resources Inc. today announced its financial results for the three and nine months ended March 31, 2012. All amounts in this news release are in Canadian dollars. The Company’s condensed consolidated interim financial statements have been prepared in accordance with International Financial Reporting Standards. Kimber’s condensed consolidated interim financial statements and management’s discussion & analysis for the three and nine months ended March 31, 2012 are now available on SEDAR at www.sedar.com and on EDGAR at www.sec.gov/edgar.com .
Westminster Resources Ltd. has recently completed an extensive program of geological mapping, prospecting and soil and rock geochemical sampling at the Cumbral-San Bartolo property located near Obregon, Sonora, Mexico. The original Cumbral exploration program conducted by Westminster in 2011 included an airborne VTEM/MAG geophysical survey with grid-controlled ground follow-up 2D-IP and MAG geophysical surveys over selective anomalies. These surveys identified a series of coincident IP chargeability-resistivity and magnetic patterns which were further defined with anomalous copper and silver trends from the 2012 soil geochemical sampling program.
Columbus Silver Corporation provides an update on the proposed acquisition of the Company by Santa Fe Gold Corporation. Under the definitive agreement governing the Acquisition, the Company and Santa Fe agreed to use best efforts to complete the Acquisition on or before March 31, 2012, with a final deadline of May 31, 2012. Though Columbus Silver has successfully completed all of its obligations to close the Acquisition, Santa Fe has not yet completed the conditions necessary to draw-down funds under its financing agreement with Waterton Global Value (Luxembourg) Sarl. Santa Fe has informed the Company that it is evaluating the aforementioned financing conditions and also exploring alternative methods of financing the Acquisition. Because Santa Fe has yet to provide funding for the Acquisition, it is unclear whether the Acquisition will complete by the Deadline or at all. The Company will provide further updates when additional information becomes available.
Levon Resources Inc. is pleased to announce the appointment of Carlos H. Fernandez Mazzi to its Board of Directors. Mr. Fernandez Mazzi will also head our newly-established Project Development Committee. His development experience at the San Cristobal Project, the world’s third-largest silver mine, makes him the ideal candidate to lead us toward pre-feasibility. The initial task of the committee is to review our development initiatives currently underway and establish optimization objectives that can bring immediate value to Levon.
California Gold Corp. has elected to conduct a more detailed geophysics analytical program at its AuroTellurio project near Moctezuma in Sonora, Mexico, before commencing its previously announced drilling program at the project this month.
SilverCrest Mines Inc. is pleased to announce its financial results for the first quarter ended March 31, 2012 (all figures in U.S. dollars unless otherwise specified.)
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