Vancouver, British Columbia – Further to its press release of February 8, 2012, Cortez Gold Corp. (TSXV:CUT) (“Cortez” or the “Company”) announced today that it has closed its non-brokered private placement with the issuance of 4,145,351 Units (the “Units”) priced at $0.10 per Unit, for gross proceeds of $414,535.10.
VANCOUVER, BRITISH COLUMBIA, Feb 13, 2012 (MARKETWIRE via COMTEX) — Southern Silver Exploration Corp. (frankfurt:SEG) reported today that new assays from 2011 drilling have identified silver-enriched high-grade polymetallic mineralization in two separate target areas on the Cerro Las Minitas project, located in Durango State, Mexico.
Comstock Metals Ltd. is pleased to announce that the Company has mobilized its exploration team and commenced the first phase of a planned 7,000 metre drill program on its Corona Gold-Silver Project in the Uruachic District of Chihuahua, Mexico.
Lone Star Gold, Inc. is pleased to announce the Company plans to begin its initial shipments of 1.2 million tons of mine tailings from the San Antonio del Potrero mine tailings project ahead of schedule. Lone Star acquired an undivided 65% interest in the Tailings Project on January 26, 2012, when the Company signed a Joint Venture Agreement with the specially formed Mexican subsidiary company, AMIKO KAY, S de RL de CV, and Miguel Jaramillo. The project is located near the city of Hidalgo Del Parral in the state of Chihuahua, Mexico.
Southridge Enterprises Inc. announced that it has initiated plans for further exploration at Cinco Minas to increase the Company’s current mineral resource calculation. The exploration program will be led by Company geologist and advisory board member Juan Eduardo Lopez Romero. Mr. Lopez Romero will also be responsible for the qualification and selection of a consulting firm to assist in the design, implementation and fulfillment of the work program, which will focus on the known vein system and identify high grade gold and silver targets to further supply the Company’s ore processing mill at Cinco Minas.
Mundoro Capital Inc. is pleased to announce an update on the exploration activity on the Company’s mineral properties along the Meso Central Belt in northwestern Mexico.
Levon Resources Ltd is pleased to provide an update on Phase 4 resource expansion and exploration drilling at Cordero. The 2012 Cordero drilling program follows the M3 Engineering & Technology (Tucson, Arizona) recommendations on how to improve project economics in their favorable Preliminary Economic Assessment at the Cordero Project (see Levon’s January 30, 2012 news release). The project is located 35 km northeast of Hidalgo Del Parral in southern Chihuahua, Mexico. (target location map attached).
Goldgroup Mining Inc. is pleased to announce that additional diamond drill holes at the Company’s 100% wholly owned Caballo Blanco gold project in Veracruz, Mexico have yielded significant gold intercepts. All diamond drill holes encountered completely oxidized, vuggy and siliceous rock occurring within and peripheral to the La Paila Zone, which lies within the Northern Zone. 16 of the 19 drill holes reported below (see Tables 1 and 2, and the drill hole location map) contain intervals above the established cut-off grade and are part of the ongoing drill program intended to increase mineral resources at Caballo Blanco. Of the 19 drill holes reported below, seven of these drill holes further define the La Paila mineral resource, and the remaining 12 drill holes were drilled to expand the southwestern flank of the La Paila Zone. The zone currently remains open to the south and southwest.
Excellon Resources Inc. (“Excellon” or “the Company”), Mexico’s highest grade silver producer, is pleased to report January production results from its La Platosa silver, lead and zinc mining operations in Durango Mexico. The Company is also pleased to announce updates on Operations, Mexican and Canadian exploration and to provide a general corporate update.
Aurcana Corporation (AUN.V) is up 5 cents at 89 cents and has touched a day high 90 cents, compared to a year high $1.10 with nearly 3 million shares traded although there is no apparent fresh stocks specific news around.
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