Argonaut Gold Inc. announced today that the Company achieved record gold production of 32,000 ounces during the 4th quarter ended December 31, 2012. This included 25,805 ounces at its 100% owned El Castillo Mine in Durango, Mexico and 6,195 ounces at its 100% owned La Colorada Mine in Sonora, Mexico. All dollar amounts are in US dollars except as otherwise noted.
Riverside Resources Inc. is progressing and set to deliver value and growth for its shareholders in 2013. The Company is strategically advancing and improving its portfolio with a strong partnership network and significant exploration activity planned for the upcoming year. In 2012, a challenging year for Junior Resource companies, Riverside still managed to deliver six completed drill programs while conserving capital and maintaining a tight share structure with only 35,200,000 shares outstanding and over $7M in cash reserves with no debt.
Excellon Resources Inc., Mexico’s highest grade silver producer, is pleased to report results for diamond drill hole EX12LP1038, completed in late 2012 in the Rincon del Caido area, less than one km northwest of the Platosa Mine. LP1038 encountered Source-style sulphide-mineralized skarn typical of the eight other significant intersections reported in the Rincon area since spring 2012. Each of these holes intersected skarn alteration and significant metal values, including persistent anomalous gold, indicating that Rincon lies on the edge of a proximal carbonate replacement deposit, the possible Source of the Platosa mantos. The Au values encountered in LP1038, however, are far higher than those encountered previously and suggest that the Source itself will contain a significant gold component.
Minaurum Gold Inc. is pleased to report that it has regained 100% control of the 12,291-ha Adelita gold-silver-copper project in southern Sonora, Mexico from its joint venture partner, Ocean Park Ventures Corp.
Telson Resources Inc. announces that its common shares (Symbol: TSN) will be posted for trading at the opening of business on January 17, 2013, on a one-for-eight consolidated basis, resulting in 26,636,584 issued and outstanding Shares, under the new CUSIP number 87973V 10 1. The Consolidation was previously announced on December 24, 2012 and was approved by the shareholders of Soho on December 21, 2012.
Excellon Resources Inc., Mexico’s highest grade silver producer, is pleased to report fourth quarter and December 2012 production from the La Platosa Mine in the state of Durango, Mexico and a general outlook on production for 2013.
Tara Minerals Corp. is pleased to provide a corporate update regarding its Gold, Silver, Zinc, and Lead properties located in Mexico.
Southern Silver Exploration Corp. plans to issue up to 15,000,000 units in a non-brokered private placement at a price of $0.05 per Unit to raise $750,000. Each Unit will consist of one common share and one share purchase warrant, with each warrant exercisable to purchase one additional common share for a period of three years at an exercise price of $0.10 per share.
Great Panther Silver Limited today reports fourth quarter and annual 2012 production at its two wholly-owned Mexican silver mining operations, Guanajuato and Topia.
SilverCrest Mines Inc. is pleased to announce full year and Q4 production figures for 2012 from its 100% owned Santa Elena Mine located in Sonora, Mexico and provide production and cost guidance for 2013.
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