Month: June 2013

Guerrero Exploration and its JV partner first initiated a field exploration program at the Cerro Azul property in February 2011. The program consisted of prospecting, geochemical sampling and induced polarization/resistivity geophysics. Seven anomalies were identified on the Property: Cerro Azul, Las Trojas, El Pedrillo, La Palma, Las Minillas, Loma Coyote and Llano Grande (GEX News Release 26 May 2011). Of these, three have been selected for drill testing: Las Trojas, Las Minillas and Loma Coyote. Collectively, these three anomalies define a northwest trending zone 5000 meters long and 600 meters wide hosted in Cretaceous sedimentary rocks on the southern portion of the concession. Mineralization consists mainly of chalcocite in veinlets and disseminations with minor disseminated pyrite. On surface, this is oxidized to malachite, azurite, chrysocolla, jarosite, goethite and hematite.

Freyja Resources Inc. is pleased to announce that it has entered into a pre-acquisition agreement with Cyprium Mining Corporation dated June 14, 2013, pursuant to which Freyja has agreed to make an offer, on or before July 15, 2013, to acquire, by way of a take-over bid, all of the issued and outstanding common shares of Cyprium in exchange for common shares of Freyja on a one for one basis. Freyja has also agreed to exchange all of the currently issued and outstanding shares purchase warrants of Cyprium for warrants to purchase Freyja Shares which have identical terms. As at the date hereof, there are 7,480,000 Cyprium Shares and 2,860,000 Cyprium Warrants issued and outstanding.

Torex Gold Resources Inc. is pleased to report that the resource drilling program at its Media Luna target in Mexico, continues to intersect high grade Au-Ag-Cu mineralization over significant widths, including, in the West Zone, 27.02 g/t Au eq. over 5.2m in borehole WZML-28 located outside the magnetic anomaly, and 17.54 g/t Au eq. over 5.2m in borehole WZML-24. Highlighted intercepts in the North East Zone include, 7.68 g/t Au eq. over 16.7m in borehole NEZML-04A; 3.91 g/t Au eq. over 49.5m in borehole NEZML-20 and 13.61 g/t Au eq. over 8.4m in borehole NEZML-27.

Fortuna Silver Mines Inc. is pleased to release a new production plan for the San Jose Mine in Mexico based on the mill’s expansion to be commissioned in the third quarter of this year.

Tarsis Resources Ltd. is pleased to announce that it has begun exploration at the newly acquired BP property, located 60 km south of Carlin, Nevada. The BP property is being explored for Carlin-style gold mineralization along the Rain Trend.