Month: October 2012

San Marco Samples 8.0 g/t Gold; 42.6 g/t Silver; 0.83% Copper and 1.87% Lead/Zinc at Angeles

San Marco Resources Inc. has received additional assay results from underground sampling of old workings and reports on additional exploration activities at its Angeles property in Sonora state, Mexico. As previously reported (News Release dated September 10, 2012), the Company’s geologists had accessed old underground workings and commenced channel sampling across structures as well as adjacent footwall breccia. Most of these workings (apparently 90 – 100 years old) have collapsed, however 2 levels below the main access adit were sampled along approximately 20 meters of strike. Where possible, the adjacent footwall breccia and the hanging wall shear zones were sampled.

Aurcana Files Technical Report on Updated Resource Estimate for La Negra Mine

Aurcana Corporation is pleased to announce that it has filed a technical report on SEDAR updating the resource estimate for La Negra Mine, the Company’s silver, zinc, lead, and copper mining operation in the State of Queretaro, Mexico (see AUN news release dated August 28, 2012). The updated mineral resource has been completed to NI 43-101 standards.

Capstone 2012 Third Quarter Production Results on Track

Capstone Mining Corp. today announced its operating results for the three and nine months ended September 30, 2012 for its two operating mines, Cozamin and Minto. Combined production totalled 22.6 and 63.1 million pounds of copper in concentrates in the third quarter and first nine months, respectively, with additional by-products of lead, zinc, silver and gold.

Exploration at Reventon Outlines 1,300m x 500m Silver-in-Soil Anomaly

Focus Ventures Ltd. is pleased to announce an update on exploration at its El Reventon project, located in the western half of its Santa Cruz project in Durango, Mexico. Focus controls a district-scale land position covering a number of silver discoveries made since late 2011, which includes the 4,430 hectare El Reventon property.

Aurico Gold Soars on Mine Sale

Shares in AuRico Gold Inc. are soaring today, up more than 15 per cent on the TSX, as investors cheer the company’s decision to sell off a troubled Mexican gold mine to a company owned by Carlos Slim, one of the world’s richest men.

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