Newstrike Capital Inc TSXV:NES announced assays from its Ana Paula project in Mexico. Results include
0.88 g/t gold over 14.3 metres
0.56 g/t over 36.6 metres (including 1.5 g/t over 7.3 metres)
0.75 g/t over 46 metres (including 1.27 g/t over 14 metres)
1.54 g/t over 73 metres
0.63 g/t over 54.3 metres (including 1.21 g/t over 12.3 metres)
0.67 g/t over 27.4 metres (including 1.58 g/t over 6.2 metres)
El Tigre Silver Corp. is pleased to announce that it has closed the second and final tranche of its previously announced non-brokered private placement. The Company closed the first tranche of the Private Placement on December 30, 2011. Aggregate gross proceeds from both the first and second tranches total $1,116,000. The final tranche consists of 1,528,000 units of the Company for aggregate gross proceeds of $382,000. Each Unit consists of common share of the Company and one-half of a common share purchase warrant. Each whole Warrant entitles the holder to acquire an additional common share of the Company for a period of 2 years from the date of issue at a price of $0.40 per share.
Sonora Resources Corp., a mineral exploration and development Company focused on the acquisition of international silver and gold mining properties, is pleased to announce the results from its ongoing surface program of measuring and sampling of the extensive historic surface dumps at the Ayones Project undertaken November 8-13, 2011.
Scorpio Mining Corporation is pleased to report that the 2011 production results for the Nuestra Señora mine in Mexico confirm a second successive year of silver production growth for the Corporation. Production of all key metals increased substantially over 2010, as mine metal output, plant throughput and recoveries improved.
Westridge Resources Inc. is pleased to announce that it has received final approval from the TSX Venture Exchange of the option agreement entered into by its wholly-owned subsidiary, Minera Westridge S.A. de C.V. with Musgrove Minerals Corp. and its wholly-owned subsidiary, Minerales Jazz S.A. de C.V., pursuant to which Minera has been granted the option to acquire up to a 100% interest in an to certain mineral concessions in the United Mexican States known as the Charay Project.
JOGMEC increases El Tecolote 2011/12 Exploration Budget to US$2.27 million
Drilling program increased to 4,000 metres
Second drill rig mobilised
Mineral exploration company, Evrim Resources has released the first assay results from the drill program, which is being conducted at the Suaqui Verde project located in Sonora, Mexico.
High Desert Gold Corporation (“HDG” or the “Company”) (TSX VENTURE:HDG)(OTCQX:HDGCF) announces that it proposes to issue, on a brokered private placement basis, up to 11,111,000 units (“Units”) at $0.225 per Unit for gross cash proceeds up to approximately $2.5 million (the “Private Placement”).
Source Exploration Corp. reported today that drilling at its Las Minas project has intersected high-grade gold, silver and copper mineralization and extended the mineralized skarn zone by a further 125 metres on strike for a total known strike length of approximately 840 metres.
Capstone Mining Corp. (TSX: CS) today provided its production guidance for 2012 for its two operating mines, Cozamin and Minto, and company-wide capital expenditure guidance. Capstone expects to produce 80 million pounds +/- 5% of copper in concentrates at a total cash cost(1) of US$1.55 to US$1.65 per pound of payable copper, net of by-product credits and selling costs.
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