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.
Pobladores de los municipios de Tetela de Ocampo y de la comunidad de Xochicuautla, en el municipio de Ahuacatlán, denunciaron afectaciones a consecuencia de la explotación de minas a cielo abierto en la Sierra Norte, por lo que se mantendrán en resistencia.
NWM Mining Corporation announces that it has agreed to purchase a SART plant from BioteQ Environmental Technologies, Inc., located at its Lluvia de Oro property in Sonora, Mexico, for US$650,000. The Company will make a cash payment of US$650,000 by June 22, 2012, and ownership of the equipment will be transferred to the Company on an “as is” basis.
Southridge Enterprises Inc. is pleased to announce that Southridge Minerals, Inc., its wholly owned subsidiary, today has executed an agreement with Duvernoi Capital Investments Inc. providing for a $3,500,000 financing. This financing is in the form of a convertible debenture with terms stipulating an interest rate of 8.8% and a loan repayment term of 32 months from the date of execution of the agreement, by way of cash or through the conversion of shares of Southridge stock. The repayment terms of the financing are amenable to the Company’s property development schedule and to future financings plans to retire the debt.
Riverside Resources Inc. and its partner, Guerrero Exploration have agreed to terms on a transaction that will result in Guerrero owning a 100% interests in the Cerro Azul and Chapalota Projects with Riverside receiving $2,000,000 in Guerrero shares. After the transaction is complete, Riverside will become the largest single shareholder of Guerrero.
Victory Resources Corp. is pleased to announce that it has reached an agreement with Minera Copper Canyon S.A. de C.V., a private Mexican corporation, which will allow the Company to acquire up to a 100% interest in a property known as ‘el Boleo’. El Boleo is located adjacent to the historic Reforma Mine, the Santo Tomas Copper-Gold deposit, and in close proximity to the Bahuerachi Copper Deposit.
Endeavour Silver Corp. announces that it has acquired an option to purchase the Lourdes silver-gold property in the Sierra del Cubo area, located about 40 kilometers northeast of Guanajuato City in Guanajuato State, Mexico. The property is readily accessed by paved state highways about a one hour drive from Guanajuato City, where Endeavour owns and operates its Guanajuato Mine.
International Northair Mines Ltd. is pleased to announce assay results from three infill core drill holes completed in the Las Carolinas Zone and four infill core holes completed in the San Gregorio Zone at its La Cigarra silver project, located in north central Mexico.
Levon Resources Ltd. is pleased to provide an update on advancing the Cordero NI 43-101 resource (news release of June, 21, 2011) with additional infill and step out delineation drilling to improve modeling confidence and expand the resource. The Cordero project is located 35 km northeast of Hidalgo Del Parral, southern Chihuahua state, Mexico. Independent Mining Consultants of Tucson reports an additional 33,380m of core drilling (41 holes) were modeled along with holes of the first resource that shows an increase in the Indicated Resource of 53 million (M) ounces of silver (Ag), 37 thousand (K) ounces of gold (Au), 0.8 billion (B) pounds (lbs) of zinc (Zn) and 0.4 billion (B) lbs of lead (Pb) with improved grades in Ag, Zn and Pb. Table 1 summarizes the current mineral resource compared to the June 2011 mineral resource at a $6.00/t NSR cutoff grade. Table 2 shows the current mineral resource at higher NSR cutoff grades. The NSR inputs and calculation method used for the current Mineral Resource is the same as used for the 2011 Mineral Resource estimate.
Newstrike Capital Inc. announces the results from 5,720 meters of drilling completed this period as part of the 2012 drill program in progress at the Company’s 100%-owned Ana Paula Project in the Guerrero Gold Belt. This series of results are from the ongoing delineation program in the southeast quadrant and from new exploration holes in the northeast and southwest quadrants. Breccia zone delineation continues to indicate that mineralization remains open in several directions and at depth.
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