TORONTO, ONTARIO, Jan 17, 2012 (MARKETWIRE via COMTEX) — Primero Mining Corp. (“Primero” or the “Company”) today announced 2011 annual production and provided production and cash cost guidance for 2012.
WestStar Resources Corp. has commenced an Induced Polarization/Resistivity survey on its La Paloma property. The Property is located approximately 70 kilometers west of the city of Guadalajara in the State of Jalisco, Mexico. The Property is a past producing gold and silver mine with numerous drill targets identified. All the work completed by WestStar has confirmed the presence of gold and silver mineralization on the Property. The IP is the last step in making the Property drill ready to test the extent of the mineralized zones. The Induced Polarity survey is being conducted by Discovery International Geophysics based in Surrey, British Columbia.
Mercator Minerals Ltd. is pleased to provide an update on activities at its wholly owned El Pilar project. On January 12, 2012, the Company’s subsidiary which holds the El Pilar project, made the final payment for the change of land use permit which allows mining to commence. Also, over the past few months, the final water concessions have been obtained, which along with the previously granted mineral concessions, surface rights, and construction permit, allows for the commencement of construction and mining operations at the El Pilar project. Detailed engineering, environmental studies and right of way on the power transmission line and access road have also been advanced. Detailed engineering work continues with major equipment sourcing and construction bid materials being prepared.
Geologix Explorations Inc. is pleased to announce the results of the remaining South Zone drill assays from the recently completed resource expansion and infill drilling program at its 100% owned Tepal property in Michoacán state, Mexico. Results from the last 17 holes from a total of 37 holes drilled at the South Zone have now been received.
International Northair Mines Ltd. is pleased to announce assay results from seven core drill holes recently completed in the San Gregorio Zone at its La Cigarra silver project, located in north central Mexico.
Cream Minerals Ltd. is pleased to provide results for the remaining two exploration drill holes on Once Bocas South. The Once Bocas South zone is a new area of silver and gold mineralization associated with quartz veins and quartz stock work zones. Once Bocas South is thought to be a displaced segment of Once Bocas North and it is not included in the current NI 43-101 Inferred Mineral Resource. Results of the first four holes were released on November 10, 2011.
Vancouver, January 17, 2012 – Fortuna Silver Mines Inc. (NYSE: FSM | TSX: FVI | BVL: FVI) is pleased to announce that today Mr. Jorge Ganoza, President and CEO, and Mr. Simon Ridgway, Chairman of the Board, will be joined by Officers and Directors, to celebrate the Company’s September, 2011 stock listing by ringing the New York Stock Exchange opening bell.
GREAT PANTHER SILVER LIMITED reports fourth quarter and annual production at its two wholly-owned Mexican silver mining operations, Guanajuato and Topia. Metal production for Q4 increased from Q3 by 13% to 545,294 silver equivalent ounces (“Ag eq oz”). For the year, metal production totaled 2,200,013 Ag eq oz; including record gold production of 8,015 oz. This is in line with the revised production guidance provided in October 2011.
Multiple Mineralized Structures Were Found in All Holes – Hole 2 Assayed 5.5 M of 212.26 g/t Ag Including 1.7 M of 563 g/t Ag – Hole 3 Assayed 5.4 M of 28.56 g/t Ag and 0.82 g/t Au Including 1.4 M of 56.60 g/t Ag and 2.54 g/t Au – Additional Drilling Being Planned to Follow the Strike and Dip Extent of the La Purisima Structure as Well as Other Structures and Skarn/ Replacement Mineralization
VANCOUVER, BRITISH COLUMBIA, Jan 16, 2012 (MARKETWIRE via COMTEX) — Premium Exploration Inc. (“Premium” or the “Company”) /quotes/zigman/408521 CA:PEM +3.33% (otcqx:PMMEF) is pleased to announce that Mr. Mike Vint, B.Sc. (Mining), P.Eng, has been appointed to the Board of Directors of the Company.
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