Month: September 2012

Minera San Jorge S.A. de C.V. Clarifies, it has No Ownership of Cinco Minas or Gran Cabrera Mineral Concessions

Minera San Jorge S.A. de C.V. has issued a statement regarding the ownership of Cinco Minas and Gran Cabrera. MSJ wants to make public the fact that the Company no longer has an ownership interest in either Cinco Minas or Gran Cabrera, two mineral properties located in Jalisco, Mexico. MSJ was removed from the mineral rights ownership of these two properties due to a labor dispute and is now owned by a non-related third party company.

Guerrero Closes Financing

Guerrero Exploration Inc. announces that it has closed its previously announced financing by issuing a total of 9,650,000 Units at $0.05 each, for total gross proceeds of $482,500.

Carmen Gold Project Site Construction Underway, Sonora Mexico

Silver Scott Mines, Inc. is pleased to announce the initiation of construction at the Carmen mine and processing site. Construction with heavy equipment has been focused working there for about 2 weeks preparing leach pad and ponds. Additionally, the Merrill-Crowe gold silver recovery plant and other plant equipment has been moved to the site ready for set-up.

Timmins Gold Intersects 9.14 Meters of 10.5 gpt Gold in Ongoing Drill Program at San Francisco Gold Mine

Timmins Gold Corp. is pleased to announce that its ongoing drill program continues to extend and expand the mineralization at the San Francisco Gold Mine, located in the State of Sonora, Mexico. The San Francisco Gold Mine is comprised of two pits, the larger San Francisco pit (SF Pit) and the La Chicharra Pit located approximately 1.5 km to the west. A total of 31,680 meters in 166 holes were drilled from February to the end of June, 2012. Timmins Gold is continuing with its ongoing drill program and currently has four reverse circulation rigs and one core drill rig working on site.

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