Geologix Explorations Inc. announces the completion of a second phase drill program at the Libertad project in Sonora, Mexico. The program consisted of five holes totaling approximately 1,150 metres and targeted an untested central portion of a larger structure mineralized at surface.
Colibri Resource Corporation is pleased to update activities at the Ramard silver property located 100 km northeast of the city of Hermosillo, Sonora. In April and May of this year, a 2400 meter drill program was completed at the site. This fall, soil and rock chip grid sampling has been completed on over 10 square kilometers. This information is in addition to soil and rock chip sampling previously completed on the site.
Oroco Resource Corp. is pleased to announce the commencement of an exploration and condemnation drilling program on its Cerro Prieto Property located in Sonora State, Mexico.
Sonora Resources Ltd. has committed to the second year of the option for the Los Amoles silver property and Yale has received an additional 200,000 shares of Sonora Resources. The second year’s commitment at Los Amoles is US $300,000 in expenditures. A work program that will concentrate on sampling a number of the main underground workings in order to trace the continuation of the silver rich veins to depth is currently underway. This is an important step to define the potential for the veins in advance of a drill program expected in 2012.
Galore Resources Inc. is pleased to announce gold assay results from 15 holes of its ongoing shallow percussion drill sampling program on the El Alamo claim, part of the Company’s 100% owned Dos Santos project in the Mazapil-Camino Rojo trend of the Concepcion del Oro district in Zacatecas, Mexico.
Endeavour Silver Corp. announces that exploration drilling in the Lucero South area of Endeavour’s Guanajuato Mines project in Guanajuato State, Mexico continues to intersect high silver and gold grades over mineable widths in the recently discovered Daniela vein.
Cream Minerals Ltd. is pleased to announce in-fill drill results for the Once Bocas North Zone at Nuevo Milenio. OBN 02-11 tested the up dip section of the mineralized zone defined by DDH 09-06 intersecting a broad zone 18 metres wide returning good values including 118.8 g/t Ag and 9.240 g/t Au over 2 metres. The mineralization contained within Once Bocas North comprises 15.6 million ounces silver equivalent of Nuevo Milenio’s 54.6 million ounce silver equivalent Inferred Mineral Resource. The December 2008 NI 43-101 Technical Report employed a cut-off grade of approximately 131 g/t silver equivalent. In-fill drilling of Once Bocas North is one aspect of the 20,292 metre diamond drill program completed in early October at the 100% owned Nuevo Milenio Silver-Gold Project, Nayarit State, Mexico. Nuevo Milenio covers a low sulphidation, epithermal precious metal prospect containing silver-gold mineralization in quartz vein quartz stock work zones hosted within a collapsed caldera.
Canasil Resources Inc. is pleased to report that MAG Silver Corp. has started the planned diamond drill program at the La Esperanza silver-lead-zinc project in Durango and Zacatecas States, Mexico. The drill program is planned for up to 5,000 metres in 16 drill holes to test two of the veins in the project area, including extensions of the La Esperanza vein previously drill tested by Canasil with encouraging results. MAG is earning a 60% interest in the property from Canasil under an option agreement dated August 19, 2010. Expenditures on the project reported by MAG up to September 30, 2011, were $831,681.
Great Panther Silver Ltd. is pleased to provide an update on a further 12 surface diamond drill holes from the ongoing program at the Company’s wholly-owned San Ignacio Project in Guanajuato, Mexico. Drill-holes ESI11-039 to ESI11-050, inclusive, were drilled from section 450N to section 700N, confirming vein continuity with mineralized vein widths of up to nine metres, and in-filling the Intermediate zone extension to the south, and defining the Nombre de Dios zone. Assays from drill core continue to demonstrate higher gold:silver ratios than at the main Guanajuato Mine.
Geologix Explorations Inc. is pleased to announce additional assay results from the Company’s resource expansion and infill drilling program completed at its 100% owned Tepal gold-copper project in the state of Michoacán, Mexico.
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