Oroco Resource Corp. is pleased to announce the commencement of an exploration and condemnation drilling program on its Cerro Prieto Property located in Sonora State, Mexico.
Sonora Resources Ltd. has committed to the second year of the option for the Los Amoles silver property and Yale has received an additional 200,000 shares of Sonora Resources. The second year’s commitment at Los Amoles is US $300,000 in expenditures. A work program that will concentrate on sampling a number of the main underground workings in order to trace the continuation of the silver rich veins to depth is currently underway. This is an important step to define the potential for the veins in advance of a drill program expected in 2012.
– Dr. Terry Is a Registered Professional Geoscientist and Holds a B.Sc. and Ph.D. in Geology From the University of Western Ontario – Dr. Terry Has Over 20 Years of International Experience in Exploration Project Management With Major and Junior Resource Companies
Galore Resources Inc. is pleased to announce gold assay results from 15 holes of its ongoing shallow percussion drill sampling program on the El Alamo claim, part of the Company’s 100% owned Dos Santos project in the Mazapil-Camino Rojo trend of the Concepcion del Oro district in Zacatecas, Mexico.
Tara Minerals Corp. is pleased to announce the formal appointment of Mr. Steve Eady as the Company’s Chief Geologist and Mr. Tom Claridge as Senior Mining and Plant Engineer.
Endeavour Silver Corp. announces that exploration drilling in the Lucero South area of Endeavour’s Guanajuato Mines project in Guanajuato State, Mexico continues to intersect high silver and gold grades over mineable widths in the recently discovered Daniela vein.
Cream Minerals Ltd. is pleased to announce in-fill drill results for the Once Bocas North Zone at Nuevo Milenio. OBN 02-11 tested the up dip section of the mineralized zone defined by DDH 09-06 intersecting a broad zone 18 metres wide returning good values including 118.8 g/t Ag and 9.240 g/t Au over 2 metres. The mineralization contained within Once Bocas North comprises 15.6 million ounces silver equivalent of Nuevo Milenio’s 54.6 million ounce silver equivalent Inferred Mineral Resource. The December 2008 NI 43-101 Technical Report employed a cut-off grade of approximately 131 g/t silver equivalent. In-fill drilling of Once Bocas North is one aspect of the 20,292 metre diamond drill program completed in early October at the 100% owned Nuevo Milenio Silver-Gold Project, Nayarit State, Mexico. Nuevo Milenio covers a low sulphidation, epithermal precious metal prospect containing silver-gold mineralization in quartz vein quartz stock work zones hosted within a collapsed caldera.
Southern Silver Exploration Corp. announces that it has closed the first tranche of its previously reported non-brokered private placement by issuing 6,417,000 units at a price of $0.15 per unit for gross proceeds of $962,550. Each unit consists of one common share and one share purchase warrant exercisable to purchase one additional common share for a period of two years at an exercise price of $0.20 per share.
VANCOUVER, British Columbia, Dec. 6, 2011 /PRNewswire/ — Silver Bull Resources, Inc. (AMEX: SVBL, TSX: SVB) (“Silver Bull”) is pleased to announce that it has received commitments from various investors for the sale of 6,000,000 shares of common stock at a price of $US 0.50 per share (“the Offering) resulting in gross proceeds of $US 3,000,000. These commitments are in addition to the commitments received from various investors for the sale of 15,050,000 shares of common stock at a price of $US 0.50 per share, resulting in gross proceeds of $US 7,525,000 as described in the Silver Bull news release dated December 2, 2011.
Mercator Minerals Ltd. is pleased to announce that it has closed its previously announced private placement of 11,428,572 units to raise gross proceeds of C$20 million. Each Unit was comprised of one common share and one-quarter of one common share purchase warrant. Each Warrant entitles the holder to purchase one additional Common Share of the Company at a price of C$2.50 per share until December 2, 2014. A finders fee of C$0.54 million was paid in connection with the financing.
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