Camino Minerals Corporation is pleased to announce that it has signed a definitive option agreement with Arcelia Gold Corp., pursuant to which the Company can acquire from Arcelia up to an 80% interest in the El Secreto Gold, Silver and Copper project located Sinaloa State, Mexico.
Orko Silver Corp. Orko Silver Corp. announces today that Pan American Silver Corp. has provided notice to Orko that it has decided not to deliver a feasibility study before April 13, 2012 for the La Preciosa project as required under the terms of the joint venture agreement between Orko and Pan American. As a result, Pan American is relinquishing its right to earn a 55% interest in the La Preciosa project and Orko will retain 100% of the project.
Avino Silver & Gold Mines Ltd. is pleased to announce the results from first hole of the 2012 drill program on the Elena — Tolosa (“ET”) zone at its main mine located 80 km NE of Durango, Mexico.
Dia Bras Exploration Inc. is pleased to announce that its drilling programme for resource expansion at the El Gallo mine of the Bolivar project has expanded the boundaries of the current resource. In addition, drilling at El Salto has shown that the Upper and Lower Skarns extend to this area, which is 600 m east of the current mining area.
Southern Silver Exploration Corp. reported today that newly received assays results continue to extend both the on-strike and depth projection of high-grade silver-polymetallic mineralization at the Blind and El Sol zones on the Cerro Las Minitas project, located in Durango State, Mexico.
Canasil Resources Inc. announces that MAG Silver Corp. has completed 8 additional drill holes on the Esperanza Vein at Canasil’s La Esperanza silver-zinc-lead project in Durango and Zacatecas States, Mexico. These holes were blind step-outs on projection of the vein located 400 metres northwest, 350 metres southeast and 1,000 metres southeast of the previously drilled high-grade ore shoot, which returned very encouraging silver, zinc and lead intercepts in MAG’s initial 3 drill holes, previously reported on February 22, 2012, as well as in previous drilling by Canasil. The latest holes did not intercept the vein, most probably due to apparent post-mineral faulting that has displaced the vein, which will be investigated in future exploration and drilling. MAG interprets the large aeromagnetic anomaly observed in the Esperanza vein zone, measuring approximately 5 kilometres by 3 kilometres, as a possible signature of a significant mineralized system which will continue to be explored.
Oremex Gold Inc. is pleased to announce additional rock sampling results from its 100% owned Cerro del Oro gold project, located in the Melchor Ocampo mining district in northern Zacatecas State, Mexico. Furthermore, rehabilitation of two underground workings to facilitate the commencement of an underground drilling program is currently underway.
Paramount Gold and Silver Corp. today reported more high grade assay results from its Don Ese North deposit located less that 1 km east of the Guadalupe underground mine operated by Coeur d’Alene Mines Corporation. The Don Ese high-grade gold and silver deposit was discovered by Paramount on its 100%-owned San Miguel Project in Mexico in December, 2010.
American Consolidated Minerals Corp. is pleased to report that it has met all of the terms of its agreement with Sparton Resources Inc. and has completed the acquisition of Sparton’s 50% interest in the 500-hectare Sierra Rosario Property located in the state of Sinaloa, Mexico. International Northair Mines Ltd. is the owner of the other 50% of Sierra Rosario and the project operator.
Highlights: — Three drill hole assays received to date; two drill holes (CO-12-60 & CO-12-62)were drilled along strike and one drill hole (CO-12-61) was a confirmation drill hole — Drill hole CO-12-60 intersected high gold grades of 5.89 g/t gold over 3.5 m including 21.9 g/t Au over 0.50m in oxides — Drill hole CO-12-62 intersected wider gold zone grading 1.39 g/t gold over 10.0 m including 3.14 g/t Au over 1.0 m in oxides — Drill hole CO-12-61 confirmed historic drilled mineralized zone — Four Drill holes were drilled into Low-grade gold high sulphidation “lithocap” sitting atop an igneous intrusion-driven hydrothermal system identified by the exploration team this year
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