VANCOUVER, BRITISH COLUMBIA — (MARKET WIRE) — 01/05/12 — Silver Standard Resources Inc. (TSX: SSO)(NASDAQ: SSRI) (“Silver Standard” or the “Company”) today announced the appointment of Gregory J. Martin as Senior Vice-President and Chief Financial Officer of the Company, effective January 31, 2012.
Serengeti Resources Inc. has received results from a recently completed Induced Polarization survey on its Victoria project, located in the state of Chihuahua, Mexico. The survey has identified a strong, 50 to 200 meter wide, 2.2 kilometer long, open-ended, IP chargeability anomaly associated with outcropping gold-silver mineralization, grading up to 2.0 g/t Au, 5.6 g/t Ag over 22 meters.
Vancouver, British Columbia, January 4, 2012 – Fortunate Sun Mining Company (TSXV:FSM) begins trading on the TSX Venture Exchange, under the symbol FSM
Almaden Minerals Ltd. is pleased to report results from exploration programs, regional and project specific, carried out by the Company outside of our 100% owned Tuligtic project. In 2011 the Company was primarily focussed on an expanded drill program at the Ixtaca gold-silver zone of the Tuligtic project where 86 holes were drilled for a total of 31,016.64 meters. Despite the focus at Tuligtic the Company continues to prospect for new projects and has also been advancing other projects already in Almaden’s large property portfolio.
VANCOUVER, Jan. 4, 2012 /PRNewswire/ – Victory Resources Corp (TSXV: VR) (the “Company”) announces the results of the third hole, RDH 08 in the 2nd stage diamond drilling program of Victory Resources Corp. in their optioned La Reforma property northeast of Choix, Sinaloa State as shown in the table below.
NEW YORK, Jan. 4, 2012 — /PRNewswire/ — OTC Markets Group Inc. (OTCQX: OTCM), the financial information and technology services company that provides the world’s largest electronic marketplace for broker-dealers to trade unlisted stocks, announced that Sutter Gold Mining Inc. (OTCQX: SGMNF; TSX.V: SGM), a gold exploration and development company, is now trading on the highest tier of the OTC market, OTCQX®.
Sonora Resources Corp., a mineral exploration and development Company focused on the acquisition and development of international silver and gold mining properties, is pleased to advise that underground fieldwork is currently underway at the Los Amoles silver project in the State of Sonora.
Drill Hole RCHE-11-220 intersected two separate intervals with 22.5 meters containing 2.5 grams of gold per tonne and 30 meters containing 1.1 grams of gold per tonne.
Drill Hole RCHE-11-221 intersected two separate intervals with 10.5 meters containing 1.7 grams gold per tonne and 18 meters containing 1.0.
Drill Hole RCHE-11-222 intersected 40.5 meters containing 1.6 grams gold per tonne.
Key developments for Phase 1 construction and exploration results include:
– Construction of Phase 1 remains on time and budget and is scheduled to be completed by mid-2012. Phase 1 production is expected to average 30,000 ounces of gold per year. Phase 2, for which a feasibility study is being completed, is expected to contribute an additional 5 million ounces of silver and 5,000-10,000 ounces of gold per year.
– The mining fleet for Phase 1 has arrived and pre-stripping of the open pit mine began on December 9th and will continue during the first half of the year. Stockpiling of ore is expected to begin in the coming weeks. Ore is expected to be delivered to the heap leach pad by mid-2012.
– Engineering for the crushing, process plant and heap leach facilities has been completed. Pre-existing equipment has been disassembled and removed from site. The new crushing and process plant is expected to be completed by May-2012. (A photo library showing bi-weekly progress can be viewed by clicking here).
THUNDER BAY, ONTARIO, Jan 04, 2012 (MARKETWIRE via COMTEX) — SOURCE EXPLORATION CORP. (the “Company” or “Source”) /quotes/zigman/510127 CA:SOP +6.98% announced today that Mr. Paul Huet has been appointed as a Director of the Company.
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