Esperanza Resources Corp. is pleased to report recent drill results from its Cerro Jumil gold project in Morelos, Mexico. The reported results are primarily from in-fill drill holes designed to upgrade previously reported inferred and indicated resources. Highlights of the drill results are as follows:
Mercator Minerals Ltd. is pleased to announce production for the three months ended June 30, 2012 from its wholly-owned Mineral Park Mine was 21.4 million pounds of copper equivalent*, which consisted of 9.5 million pounds of copper in concentrates and cathode copper, 2.6 million pounds of molybdenum and 155,000 ounces of silver.
NSX Silver Inc. is pleased to announce additional results from its recently completed Phase 1 drilling program at the Dios Padre Silver Project located in Sonora State, Mexico. These results are from holes DP-13-2012 through DP-16-2012 which were drilled in and beneath the area of historic mining. These drill holes were sited over a 120 meter by 70 meter area that constitutes only part of the surface foot print of the historic workings.
Golden Goliath Resources Ltd. is pleased to provide an update on some of the activity in and around its Uruachic Mining Camp. Over the years the entire Camp has been covered by mineral claims. While Golden Goliath was first to the Camp and believes it has the best ground, the most significant work is being done adjacent to Golden Goliath’s Nopalera property by Fresnillo PLC who drilled 37,580 metres in 51 holes and constructed the first 300 metres of an exploration adit in 2011 on their Orisyvo project.
Oremex Silver Inc. announced today that its Board of Directors has determined to defer, until further notice, the payment of the dividend-in-kind of 14,000,000 common shares it holds in the capital of Oremex Gold Inc. previously announced on April 2, 2012.
Silver Sun Resource Corp. announces the commencement of a non-brokered private placement offering of up to 10,000,000 units at a price of $0.12 per unit for gross proceeds of up to $1,200,000. Under the terms of the Offering each unit will consist of one common share in the capital of the Company and one non-transferable common share purchase warrant. Each Warrant shall entitle the holder to purchase one additional common share of the Company for a period of two years from the date of issue, at a price of $0.17 per Warrant Share during the first year, at a price of $0.25 per Warrant Share during the second year.
Cayden Resources Inc. is pleased to announce that it has received additional drilling results from its Las Calles target at the Morelos Sur Gold project, central Guerrero State, Mexico. The drilling highlights at Las Calles include 28.5 meters of 3.21 g/t Au including 10.8 m of 7.81 g/t Au, including 2 m of 26.3 g/t Au (LCDD0101), 7.7 m of 2.44 g/t Au (LCDD0096), and 39.3 m of 0.65 g/t Au (LCDD0102). The results occur in the same extremely fractured and iron oxide-rich diorite sill from which earlier significant results were previously reported (see NR dated March 5, 2012) as well as historical results reported by IMMSA, a subsidiary of Grupo Mexico (see 43-101 technical report filed on www.sedar.com ). The aggregate results indicate the potential for a deeper, lateral extension of the ore body currently being mined by a subsidiary of Goldcorp, at the adjacent Los Filos mine. At present, Las Calles mineralization is open in all directions. Drill hole locations are shown at www.caydenresources.com . Cayden is currently drilling at its La Magnetita target and expects to release results in the near future.
Endeavour Silver Corp. announces that the Company’s silver and gold production from the Company’s two operating silver mines in Mexico, the Guanacevi Mine in Durango State and the Guanajuato Mine in Guanajuato State, continued to climb in the Second Quarter, 2012.
Timmins Gold Corp. reports record gold production of 23,203 gold ounces for its Q2 2012 fiscal quarter ended June 30. Timmins Gold also produced 14,453 ounces of silver during the quarter.
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