Cream Minerals Ltd. is pleased to provide results for seven exploration drill holes completed on Cafetal-Veta Olvidada, The Cafetal-Veta Olvidada zone is located to the east of Once Bocas South and trends SE/NW. This new zone is not included in the current NI 43-101 Inferred Mineral Resource.
Paramount Gold and Silver said Thursday it has discovered a new high-grade gold zone, or ‘Clavo’, on the southern edge of the La Union deposit at its wholly-owned, 150,000-hectare San Miguel project in northern Mexico.
American Consolidated Minerals Corp. announces it has arranged a non-brokered private placement of up to 20,000,000 Units at a price of $0.05 per Unit for gross proceeds of $1,000,000.
Vancouver, B.C. – Orex Minerals Inc. – (REX: TSX-V) (“Orex” ) announces that it has granted incentive stock options to investor relations consultant Sigorex Management GmbH to purchase 75,000 shares in the capital of Orex for a period of two years at $0.74 per share, being the closing price of the Orex shares today. The options will vest at 25% per quarter over a period of twelve months and will be fully vested by February 17, 2013.
VANCOUVER, Feb. 16, 2012 /CNW/ – Victory Resources Corporation (the “Company”) is pleased to announce that it has established a geological Advisory Board and that it has appointed Tim Hawthorne, P. Eng. as the first member.
President/CEO Tim Barry tells ResourceClips.com, �Sierra Mojada has been a historical mining district for the last 100 years. Silver Bull emerged from a merger between Metalline Mining and Dome Ventures. When Metalline had the property, they had it for over 16 years and focused almost exclusively on the zinc resource there. When the merger was done, and we got to the project, we noted there was significant at-surface silver mineralization kicking around that had never been tested. Zinc at the time was living in the 50-cent range, so we changed direction for the company and started focusing on the silver mineralization. To date, we�ve put out two resource updates. The resource right now is sitting at 47.8 million ounces indicated and 13.8 million ounces inferred, and that�s out of a global resource of 84 million ounces.
The United Steelworkers is again criticizing Excellon Resources management for refusing to engage in constructive dialogue to end a host of problems plaguing their only operating mine in Mexico. The latest example is breaking off discussions with a group of small landowners from whom Excellon had leased land for exploration, the USW says.
Chesapeake Gold Corp. is pleased to announce the results of a new NI 43-101 compliant resource estimate for its 100% owned Metates gold-silver project located in Durango State, Mexico. The resource estimate was prepared by Independent Mining Consultants (“IMC”) of Tucson, Arizona and incorporates 53 core holes totalling 23,500 meters completed by Chesapeake in 2011. The previous resource estimate for the Metates deposit was announced in April 2010 and was based on a gold equivalent cutoff grade of 0.40 g/t gold and assumed metal prices of $900 per ounce gold and $14 per ounce silver. The new resource is based on assumed metal prices of $1,200 per ounce gold and $24 per ounce silver and a cutoff grade of 0.35 g/t gold equivalent(i).
El Tigre Silver Corp., which has almost touched 20-day SMA 28 cents at yesterday’s close, announced today that its 2012 core drilling program at its El Tigre silver project is now scheduled to test the Gold Hill target with an anticipated start of around mid-March.
SilverCrest Mines Inc. is pleased to announce that it continues to validate the results of 56 historic core holes drilled on its La Joya Property between 1979 and 2003 by previous operators. The historic holes included 37 holes on the Main Mineralized Trend, 6 holes on the adjacent Coloradito target and 4 and 1 on each of the Santo Nino and Esperanza targets respectively, and 8 holes outside of target areas. Archived core is available and being split for geochemical analysis for the entire length of the drill holes at Coloradito. Due to low metals prices at the time of the historical drilling, only sections of potentially high grade mineralization were of interest and assayed while large lower grade intercepts were ignored and not assayed. As announced on January 5, 2012, SilverCrest’s drilling on the Main Mineralized Trend to date has demonstrated intercepts of potentially economic mineralization over widths up to 230 metres. Please reference our website at www.silvercrestmines.com for more information, photos and figures on La Joya.
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