Bearing Resources Ltd. is pleased to announce that the Company has executed a letter of intent with Patriot Minefinders Ltd whereby Patriot may earn up to a 75% interest in the 13,400 hectare Kilometer 66 silver-gold-lead-zinc property located in Durango, Mexico.
Animas Resources Ltd. announces that, in line with the Company’s focus on moving the Santa Gertrudis Gold Project towards a production plan, the Company has reduced its operating costs, granted options to a recently appointed director who is also a mining engineer, and dropped a project which is no longer considered a core project.
SilverCrest Mines Inc. is pleased to announce the results of an additional 15 holes (LJ DD12-75 to LJ DD12-89) of the Phase II drill program nearing completion at its La Joya Property in Durango, Mexico. Phase II drilling reported to date has extended the Main Mineralized Trend beyond the area containing the current Inferred Resource of 101.9 million ounces Ag Eq.(i)(see News releases dated March 20 and May 7, 2012 and attached Figure: http://media3.marketwire.com/docs/silvercrestmap1.pdf ). Drilling and surface sampling has extended the Trend to approximately 2.5 kilometres with an average width of approximately 700 metres. Please reference our website at www.silvercrestmines.com for more information, photos and figures on La Joya.
San Marco Resources Inc. is continuing exploration at its 100% optioned Angeles property in Sonora State, Mexico. Detailed geological mapping and hand trenching is being carried out, approximately 1.5 km to the west from the old underground workings, where significant gold and silver assays were reported.
Kootenay Silver Inc. is pleased to announce that, further to its press release dated October 31, 2012, announcing that the Company had closed a fully subscribed, $8,253,000 brokered private placement financing, it has secured drilling contracts and has begun mobilizing drill rigs to commence a major, multi-phase, 30,000 meter drill and resource expansion program on its flagship Promontorio Silver Project in Sonora, Mexico. The upcoming drill and resource expansion program is expected to employ up to five drill rigs at full capacity, representing the single largest drilling campaign conducted on the Promontorio project to date.
Arian Silver Corporation, a silver exploration, development and production company with a focus on projects in the silver belt of Mexico, is pleased to announce the signing of a definitive contract for exclusive use of a newly refurbished processing plant located close to the City of Zacatecas. The Plant has a rated capacity of 500 tonnes per day and is expected to become operational during December.
Golden Tag Resources Ltd. is pleased to provide additional results from the recently completed 5,500 metre program of diamond drilling on the San Diego Property, Durango State, Mexico. New assay results are now available for SD-12-50A, from 944 metres to 1049.10 metres (EOH.); and, for SD-12-50W, a wedge-cut from -50A. Hole -50W is the fifth and final hole of the current program. All five holes confirm strong continuity to Silver-, Lead- and Zinc-rich mineralization within a broad zone of stockwork veining and alteration along the Southeast Contact of the Central Diorite Intrusion. Mineralization remains open for further extension and additional drilling will be needed to establish the exact geometry of this new zone.
Almaden Minerals Ltd. is pleased to announce the discovery of a new volcanic hosted high-grade area along the trend of the Main Ixtaca Zone with holes TU-12-222, 224, 225 and 227, all drilled from the same pad. These holes were drilled on section 11+000E, outside of the resource shell, and located 50 meters northeast of the closest holes that will be part of Almaden’s maiden resource report. For the first time in the Ixtaca drill program visible gold has been identified in a high grade sample from hole TU-12-224.
IMPACT Silver Corp. is pleased to provide results from the first drill holes in the newly discovered Mirasol prospect, located 5.5 kilometers southeast of IMPACT’S 500-tpd Guadalupe processing plant at the Royal Mines of Zacualpan Silver-Gold District in central Mexico.
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 35,455 meters in 148 holes were drilled from July to the end of September, 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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