Primero Mining Corp. is pleased to announce the discovery of a new high-grade vein in the West Block which has been named the Alexa vein. The discovery currently comprises five high-grade intercepts that include 16.0 grams per tonne (g/t) of gold (Au) and 508 g/t of silver (Ag) over 2.9 metres, 13.4 g/t of Au and 543 g/t of Ag over 2.9 metres and 7.4 g/t of Au and 188 g/t of Ag over 4.1 metres.
Paramount Gold and Silver has reported that it has validated the mineralization continuity along the Guazapares Megastructure, through the results obtained from four new near-surface holes drilled at its San Miguel Project, Mexico.
International Northair Mines Ltd. is pleased to announce that it has reached an agreement to purchase the surface rights to approximately 1,098 hectares adjoining the La Cigarra Project, located in the north central Mexico.
Riverside Resources Inc. reports that the option agreement whereby Mexigold Corp. could earn an interest in the Catrina, Pedernal and Escondida projects is being terminated and Riverside will retain 100% interest in the projects. Riverside is pleased to move ahead with the Durango Properties, while Mexigold has elected to pursue other business opportunities during these difficult market conditions. Two of the properties, Catrina and Pedernal, have been drilled with an aggregate $1.83 million in exploration funding from Mexigold, which builds upon the earlier exploration investment made by Kinross and Riverside.
Para la exploración y barrenamiento que realiza la empresa Minera Frisco SA de CV, en Tetela de Ocampo, no es necesario que cuente con el manifiesto de impacto ambiental, ya que la actividad se encuentra bajo la Norma Oficial Mexicana NOM-120-SEMARNAT-2011.
Paramount Gold and Silver Corp. reported today that results from four new shallow core holes on its 100%-owned San Miguel Project in Mexico confirm the continuity of mineralization along the 7.5 km. long Guazapares Megastructure. These holes were drilled into the 1.2 km untested gap separating the San Antonio and La Veronica deposits. (See maps below) The results demonstrate that San Miguel’s Guazapares is one of the longest continuously mineralized structures in the Sierra Madre Metallogenic Belt.
Soltoro Ltd. has completed in excess of 10,000 metres of this years planned 20,000 metre drill program at its El Rayo primary silver project in Jalisco, Mexico. Results from the latest round of drillinginclude high-grade silver intercepts of 1.2 metres of 706 g/t silver at the La Soledad West deposit and 4.5 metres of 378 g/t silver in a newly discovered zone east of the Matachines mine at the south end of the Las Bolas structure. Drilling continues in order to expand existing silver resources along extensions of known resource areas and at newly identified prospective exploration target areas.
Candente Gold Corp. is pleased to announce that the Company has fulfilled all requirements necessary to complete the exercise of its second option to earn an undivided 70% interest in the El Oro Gold Project located in Mexico and Michoacan States of Mexico, from Goldcorp S.A. de C.V. (“Goldcorp Mexico”, formerly Luismin S.A. de C.V.) a subsidiary of Goldcorp Inc.
Focus Ventures Ltd. is pleased to announce encouraging results from surface sampling at the Don Blas target located on its Santa Cruz property, Durango, Mexico. The results of Focus’s initial sampling were announced on March 19, 2012 and included a 22m section that averaged 377.8 g/t Ag.
Camino Minerals Corporation is pleased to announce that a soil geochemical survey has outlined a large area, approximately 1.5 km by 2 km, of anomalous gold and silver values at the recently optioned El Secreto Gold, Silver and Copper Project located Sinaloa State, Mexico. The area, known as the El Secreto Zone is located in the northeastern part of the property. Rock samples taken from the ELZ have returned up to 6.31 g/t gold and up to 178 g/t silver.
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