VANCOUVER – Scorpio Mining Corp. (TSX: SPM) says it booked a net loss of $1 million in the fourth quarter of 2011 with no corresponding loss in share price.
Lone Star Gold, Inc. is pleased to announce the Company has agreed to move forward with the second year program of exploration at the La Candelaria property in Chihuahua State, Mexico.
Esperanza Resources Corp. is pleased to report its most recent drill results including the latest drilling in the Southwest Extension area. Gold mineralization has been encountered in new drill holes in this zone. This effectively extends the mineralization beyond the limits of the defined resource (News Release Sept 16, 2010 – http://www.epzresources.com/release.php?R_ID=237) and provides support to deduce it will increase in subsequent estimates.
COLORADO SPRINGS, Colo., March 27, 2012 — /PRNewswire/ — Gold Resource Corporation (NYSE Amex: GORO) declares its instituted monthly dividend of $0.05 per common share for March 2012 payable on April 23, 2012 to shareholders of record as of April 10, 2012. Gold Resource Corporation is a low-cost gold producer with operations in southern Mexico.
Alamos Gold Inc. reports positive drill results from the El Victor North exploration program, continuing to expand the El Victor deposit. In addition, the Company is reporting mineral reserves and resources for the Mulatos Mine in Mexico and mineral resources for the Agi Dagi and Kirazli projects in Turkey as at December 31, 2011.
Yale Resources Ltd. is pleased to report that sampling at the Los Amoles Silver Property, located in central Sonora, continues to show the potential for multiple sampling techniques within the property as a test sampling of select shafts has returned the widest and highest grade results to date from the property. Work at Los Amoles is being performed by Yale on behalf of Sonora Resources, who by funding the exploration have the right to earn a 70% interest in the property.
Fortuna Silver Mines Inc. is pleased to announce updated Mineral Reserve and Mineral Resource estimates for the Caylloma Mine located in southern Peru and for the San Jose Mine located in southern Mexico.
Geologix Explorations Inc. is pleased to announce an updated resource estimate for its Tepal Project in Michoacán State, Mexico which incorporates the results from drilling 41,247.5 metres at the North, South, and Tizate zones during 2011. The updated resource estimate was completed by Micon International Ltd. and reports a 324% tonnage increase in the resource Measured and Indicated categories compared to the previous resource of March 16, 2011. A pre-feasibility study utilizing the results from this March 2012 resource estimate is targeted to be completed by the end of the second quarter of 2012.
Bell Copper Corporation announces that it is amending the terms of its previously announced brokered private placement. The Company will now proceed with the private placement on a non-brokered basis and offer for sale up to 50,000,000 units at a price of $0.05 per Unit for total gross proceeds of up to $2,500,000. Each Unit will consist of one common share of the Company and one-half of one common share purchase warrant. Each Warrant will entitle the holder thereof to acquire one common share of the Company at a price of $0.10 for a period of 24 months from the closing date of the Financing.
Pan American Silver Corp. and Minefinders Corporation Ltd. are pleased to announce the positive results of their respective shareholder votes to approve the previously announced plan of arrangement (the “Arrangement”) whereby Pan American will acquire all of the issued and outstanding common shares of Minefinders.
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