Torex Gold Resources Inc. is pleased to announce that it has filed a technical report prepared in accordance with National Instrument 43-101 (“NI 43-101”) in support of the Company’s May 4, 2012 news release, which included an updated mineral resource estimate at its Morelos Gold Project in Mexico.
Starcore International Mines Ltd. has filed the results for the quarter and nine months ended April 30, 2012, for the Company and its mining operations. Over the third quarter ended April 30, 2012, the Company is pleased to report revenues of $14.0 million, earnings from mining operations of $5.0 million and earnings for the period of $4.17 million, which includes a net $1.93 million gain in financing costs due to gains in the Company’s gold forward sales contracts. The basic and diluted income per share for the quarter ended April 30, 2012 was $0.03. Over the nine months ended April 30, 2012, the Company reports revenues of $49.4 million, earnings from mining operations of $17.8 million and earnings for the period of $10.8 million, which includes a net $1.95 million loss in financing costs due to net losses in gold forward sales contracts over the period. The basic and diluted income per share for the nine month period ended April 30, 2012 was $0.09 and $0.08, respectively.
Pacific Comox Resources Ltd. reports the resignation of James Janzen from his position as CFO and V.P. Exploration and from the Board of Directors effective December 31, 2011 as a result accepting an appointment as an officer with a major gold mining Company.
Torex Gold Resources Inc. announced today its financial results for the three and six months ended April 30, 2012.
Urastar Gold Corp. is pleased to provide an update on drilling results at the El Antimonio property located in Sonora State, Mexico.
Pinecrest Resources Ltd. and Kootenay Silver Inc. report initial Phase 1 drill results from the Espiritu polymetallic vein/breccia project, Sonora, Mexico. Five diamond drill holes totaling 409 metres were completed on two of seven known silver-rich mineralized areas outlined to date. Two holes tested the Road Show Zone and three the Molinos Zone.
War Eagle Mining Company Inc. provides an update on its corporate activities and business development strategy.
Cortez Gold Corp. is pleased to report that it has commenced construction to complete the gold-silver processing plant situated in Matehuala, Mexico. The Company recently closed the transaction to acquire 100% of the issued and outstanding shares of Altiplano Goldsilver S.A. de C.V. of Mexico by issuing 6,000,000 shares of Cortez to the shareholders of Altiplano Goldsilver with a commitment to spend US$1.3 million to develop and complete construction of the processing plant.
Oremex Silver Inc. is pleased to report positive results from a recently completed surface outcrop sampling program in the El Doctor zone of the wholly-owned San Lucas silver project. The El Doctor zone had not been previously sampled at the surface. In 2007, the Company completed drilling nearby that is being re-examined for a better understanding of the potential of the previously unrecognized gold-silver mineralization and to plan a drilling program.
Catalyst Copper Corp. today released the results of the final seven holes (6,771 meters) of its 2012 diamond drill program at the La Verde copper porphyry project in Michoacán state, Mexico.
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