AuRico Gold Inc. (AUQ), the Canadian miner that bought Northgate Minerals Corp. for C$1.34 billion ($1.31 billion) in October, said it will be opportunistic in considering further deals after gold-asset valuations fell.
Soltoro Ltd. has completed in excess of 10,000 metres of this years planned 20,000 metre drill program at its El Rayo primary silver project in Jalisco, Mexico. Results from the latest round of drillinginclude high-grade silver intercepts of 1.2 metres of 706 g/t silver at the La Soledad West deposit and 4.5 metres of 378 g/t silver in a newly discovered zone east of the Matachines mine at the south end of the Las Bolas structure. Drilling continues in order to expand existing silver resources along extensions of known resource areas and at newly identified prospective exploration target areas.
Baja Mining Corp said lenders have agreed to a 45-day standstill for its Boleo project financing, giving the company more time to arrange for funds for its cash-strapped flagship project in Mexico.
Candente Gold Corp. is pleased to announce that the Company has fulfilled all requirements necessary to complete the exercise of its second option to earn an undivided 70% interest in the El Oro Gold Project located in Mexico and Michoacan States of Mexico, from Goldcorp S.A. de C.V. (“Goldcorp Mexico”, formerly Luismin S.A. de C.V.) a subsidiary of Goldcorp Inc.
Camino Minerals Corporation is pleased to announce that a soil geochemical survey has outlined a large area, approximately 1.5 km by 2 km, of anomalous gold and silver values at the recently optioned El Secreto Gold, Silver and Copper Project located Sinaloa State, Mexico. The area, known as the El Secreto Zone is located in the northeastern part of the property. Rock samples taken from the ELZ have returned up to 6.31 g/t gold and up to 178 g/t silver.
Yale Resources Ltd. is pleased to report it has sold its interest in the Guadalupe Property to Exploraciones Minera Parreña S.A. de C.V., a company owned by Industrias Peñoles S.A. de C.V. for the gross amount of US$ 135,920.
Focus Ventures Ltd. is pleased to announce encouraging results from surface sampling at the Don Blas target located on its Santa Cruz property, Durango, Mexico. The results of Focus’s initial sampling were announced on March 19, 2012 and included a 22m section that averaged 377.8 g/t Ag.
San Marco Resources Inc. announces that it is arranging a non-brokered private placement of 7,000,000 units at $0.10 per unit for gross proceeds of $700,000.
Pobladores de los municipios de Tetela de Ocampo y de la comunidad de Xochicuautla, en el municipio de Ahuacatlán, denunciaron afectaciones a consecuencia de la explotación de minas a cielo abierto en la Sierra Norte, por lo que se mantendrán en resistencia.
NWM Mining Corporation announces that it has agreed to purchase a SART plant from BioteQ Environmental Technologies, Inc., located at its Lluvia de Oro property in Sonora, Mexico, for US$650,000. The Company will make a cash payment of US$650,000 by June 22, 2012, and ownership of the equipment will be transferred to the Company on an “as is” basis.
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