Month: November 2012

Canasil Identifies Potential for Large Scale Silver, Zinc, Copper Mineralization at the Salamandra Project in Durango State, Mexico

Canasil Resources Inc. announces that the exploration program at the Salamandra silver-zinc-copper project in Durango State, Mexico, continues to indicate the potential for a buried intrusive and carbonate hosted massive sulphide skarn/manto replacement system. Significant silver-zinc intercepts from prior drilling, results of both airborne and surface geophysical surveys, discovery of a high grade silver-copper-zinc vein outcrop, and widespread silver-copper-lead-zinc-arsenic-antimony geochemical anomalies observed in the 2011/2012 surface sampling programs indicate the potential for a large silver-zinc-copper mineralized system at the Salamandra project. The project geology and results from the exploration program to date show similarities to the San Martin mine located 80 km to the southeast of the project area, which is one of the largest silver – base metal mines in Mexico. A plan view of the project showing the previous 3D-IP geophysical and ZTEM airborne survey areas, past drill program and areas of surface geochemical anomalies is attached below, together with a conceptual section model of the potential mineralized system for reference.

Golden Tag Extends Warrant Expiry Dates

Golden Tag Resources Ltd. announces that subject to regulatory approval, it has extended the expiry dates of certain outstanding warrants as detailed below. The subject warrants were originally issued in November 30, 2010, with an original expiry date of two years. The new expiry date will provide a two year extension. These warrants continue to be exercisable at their original exercise prices.

Goldgroup Announces Senior Management Changes

Goldgroup Mining Inc. is pleased to announce the appointment of Dustin VanDoorselaere as the Company’s Vice President, Operations. Mr. VanDoorselaere brings 17 years of mining experience with a diverse background in both open pit and underground operations in a variety of jurisdictions, including Canada, Australia, Ghana and Mexico. He provides extensive expertise in starting up new mines and streamlining existing operations.

Alliance Mining Corp. Acquires Claims Contiguous With Agnico-Eagle’s Las Bolas Property and Fresnillo’s Orisyvo Discovery, Mexico

Alliance Mining Corp. is pleased to announce that it has signed a binding Letter of Intent with a private Canadian company to acquire 22 mineral claims totaling nearly 50 square kilometres (4,872 hectares) primarily in the Uruachic district of northwestern Mexico. The land package puts Alliance in the heart of a prolific gold exploration area and includes the closest privately held claims, within four kilometres, to Fresnillo PLC’s important Orisyvo discovery (www.fresnilloplc.com). Fresnillo is the second-largest gold producer in Mexico and the world’s largest primary silver producer.

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