Cerro Resources NL is pleased to release a summary of the Company’s quarterly activities. The detailed Quarterly Report which includes the financial statements for the period ending December 31, 2011, has been filed on www.sedar.com and on the Company’s website, www.cerroresources.com . The Company’s cash position was $11.3M as of December 31, 2011.
Argentum Silver Corp. reports that it has commenced the first phase of its drilling program at the 1053-hectare Coyote Property, located in the State of Jalisco, Mexico. Argentum has planned a 2000-metre diamond drill program consisting of nineteen holes ranging in depth from 80 to 130 metres. These holes are targeted to test six of the identified mineralized veins from surface. Argentum can extend this drill program to 3000 metres or more without re-mobilizing the drill crew. This decision will be made based on initial results of the drilling.
Source Exploration Corp. is pleased to announce that due to strong investor demand for its recently announced non-brokered private placement of up to 10,000,000 units of the Company at a price of $0.26 per Unit, the Company has agreed to increase the size of the Offering to raise up to $2,990,000. The Offering will now include the issuance of an additional 1,500,000 Units, for a total of up to 11,500,000 Units.
Golden Tag Resources Ltd. is pleased to report the results from hole SD-11-46, the final hole of a 10,400 meter, Phase 5 surface exploration program on the San Diego Property, Durango State, Mexico. The property is a 50/50 joint venture between Golden Tag and Golden Minerals Company headquartered in Golden, Colorado.
AuRico Gold Inc. (TSX: AUQ) (NYSE: AUQ), (“AuRico” or “AuRico Gold” or the “Company”)provides operating and capital expenditure guidance for 2012. All amounts are in U.S. dollars unless otherwise indicated.
A dispute over a water pipeline in San José del Progreso, a municipality in the Ocotlán district of the southern Mexican state of Oaxaca, turned deadly on Jan. 18 when supporters of Mayor Alberto Mauro Sánchez Muñoz reportedly opened fire on demonstrators. Protesters Bernardo Méndez Vásquez and Abigail Vásquez Sánchez were wounded; Méndez Vásquez died the next day in a hospital in Oaxaca city, the state capital. Both were members of the United Peoples of the Ocotlán Valley Coordinating Committee (COPUVO), which has been engaged in a three-year struggle against the Trinidad silver mine owned by Compañia Minera Cuzcatlan S.A. de C.V., a subsidiary of Vancouver-based Fortuna Silver Mines Inc.
Riverside Resources Inc. is pleased to report that an initial five hole drill program has commenced at the Pedernal Project in Durango, Mexico. The main focus of the program will be the Tablones Norte Vein, where the recent trenching and soil sampling returned encouraging results (News release January 24, 2012). The program also proposes to test the Milpas Vein structure with at least a single drill hole. Drill holes will vary from 200 to 400 metres in depth with angles of -50 degrees to -60 degrees.
International Northair Mines Ltd. is pleased to announce that its Board of Directors has approved a significant exploration budget for the coming year. Work will focus on the Company’s 100% owned La Cigarra silver project, located in the state of Chihuahua and its 50% owned Sierra Rosario silver/gold project located in the state of Sinaloa, Mexico.
Endeavour Silver Corp. announced today that it is forecasting its eighth consecutive year of production growth for 2012. The Company owns and operates two high grade, underground, silver-gold mines in Mexico, the Guanacevi Mine in Durango State and the Guanajuato Mine in Guanajuato State.
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 are contained in completely oxidized, vuggy and siliceous rock occurring within and peripheral to the La Paila Zone, which lies within the Northern Zone. All 11 drill holes reported below (see Tables 1 and 2 and the drill hole location map) are above the established cut-off grade and are part of the ongoing drilling program intended to increase mineralized resources at Caballo Blanco. Of the 11 drill holes reported below, six of these drill holes further define the La Paila mineral resource, and the remaining five drill holes expanded the southwestern flank of the La Paila Zone. The zone currently remains open to the south and southwest.
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