Yale Resources Ltd. is pleased to report that a comprehensive work program is now underway at the Urique Project, located in Chihuahua State, Mexico, immediately north of Goldcorp’s El Sauzal gold mine and immediately south of Kimber Resources’ Monterde Property. Work at Urique is being performed on behalf of optionee Mammoth Resources Ltd.
Geologix Explorations Inc. is pleased to announce results from the property-wide airborne geophysical survey completed over the Company’s entire 172 square kilometre Tepal project in Michoacán State, Mexico (see the Company’s news release dated December 2, 2011). Results of the survey have identified multiple new prospective exploration targets warranting immediate follow-up. See the attached geophysical map or visit the Company’s website at www.geologix.ca for more details.
Bowmore Exploration Ltd. is pleased to announce the start of a Phase One 2,500 meter diamond drill program on the CHIVAS property located in Sonora, Mexico.
Comstock Metals Ltd. declared that it has started the first phase of a drilling program on its Corona Gold-Silver Project located in the Uruachic District of Chihuahua, Mexico.
Defiance Silver Corp is pleased to announce the acquisition by staking of the 24,500 hectare blanket claim covering the historic Minerva Mining District in northern Coahuila State, Mexico. The Minerva Mining District is located 5 km west of the La Encantada Silver mine owned by First Majestic Silver Corp. which is projected to produce over 4 million oz of silver in 2012.
Southridge Enterprises Inc. announced that it will conduct additional rock sampling of the ore stockpiles at Cinco Minas to confirm the grades and tonnage cited in the 2007 Behre Dolbear Report, as part of the recently announced exploration program.
Camino Minerals Corporation is pleased to announce that it has signed a Letter of Intent with Arcelia Gold Corp. that sets out the terms upon which the Company can acquire from Arcelia the sole and exclusive right and option to acquire up to an 80% interest in the El Secreto Gold, Silver and Copper project located in Sinaloa State, Mexico.
Evrim Resources Corp. is pleased to announce the commencement of exploration work in the Trans Mexican Volcanic Belt in Mexico. The program is being jointly operated and funded by Evrim and regional exploration partner Newmont Ventures Limited.
Aurcana Corporation is pleased to report it has increased its ownership in Real de Maconi S.A. de C.V. from 92% to 99.86% as a result of a recent capital restructure of Real de Maconi. Real Maconi holds a 99.99% interest (one share representing a .00002% interest is held by a third party) in Minera La Negra S.A. de C.V. which has a 100% interest in the La Negra Mine.
A federal agency created by the Conservative government to mediate complaints about Canadian mining operations abroad has spent more than $1.1 million in the past two years, but has yet to mediate anything.
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