Endeavour Silver Corp. announces that exploration drilling east of the Lucero-Karina-Fernanda-Daniela mine area at Endeavour’s Guanajuato Mines project in Guanajuato State, Mexico has discovered two new high grade silver-gold veins.
Aurcana Corporation is pleased to announce that underground drilling at the La Negra Silver-Copper-Lead-Zinc Mine, located in Querataro State, Mexico, has intersected new deeper mineralization below the 1920 m. level of the mine. This is the first time Aurcana has indentified significant amounts of mineralization at this depth.
Vancouver, British Columbia — Silver Bull Resources, Inc. (AMEX: SVBL, TSX: SVB) (“Silver Bull”) has received commitments from various investors for the sale of 21,050,000 shares of common stock at a price of $US 0.50 per share. Silver Bull is pleased to announce the closing of the sale of 20,755,000 shares of common stock at a price of $US 0.50 per share for gross proceeds of $US 10,377,500. Silver Bull expects to close the sale of the remaining 295,000 shares of common stock this week.
VANCOUVER, Dec. 12, 2011 /CNW/ – Kootenay Gold Inc. (TSX VENTURE: KTN.V) is pleased to announce the appointment of Mr. Jon Morda, CA to the Company’s Board of Directors. Mr. Morda brings Kootenay over 20 years of experience in the mining industry, having served as Chief Financial Officer for several mineral exploration and gold producing companies. As a senior executive, Mr. Morda is highly adept in all areas of strategic corporate planning, operations, budgeting, accounting and taxation functions.
Extends Strike Length to 350 Meters, San Diego Property, Mexico
Astral Mining Corporation is pleased to report the second batch of results from drilling at the Los Crestones property, Sinaloa state, Mexico. Highlights from holes 7 to 12 of the recently-completed 18 hole 2,618.61m program include 5m averaging 39.1 g/t gold, 93.3 g/t silver and 2.13% copper. This interval from hole 11LD011 included 1m of 162.5 g/t gold, 270 g/t silver and 3.02% copper. Intervals stated are core length. True widths are not known as mineralization geometry is not completely understood at this time.
Cerro Resources NL is pleased to announce nine additional core hole drill results from the Namiquipa Silver Project, in Chihuahua state, Mexico. Currently 57 holes have been completed for a total of 21,256m of core, with further assays pending.
Currently, the Company’s efforts are focused on the Yerington copper district in Nevada and gold and silver in central Mexico. Other precious and base metal projects are largely operated by joint venture partners and require little or no funding.
Source Exploration Corp. is pleased to report that step-out drilling at the Company’s Las Minas Project has extended the favourable mineralized skarn zone by a further 432 metres on-strike for a total known strike length of approximately 712 metres.
Paramount Gold and Silver Corp. today reported more exceptional high-grade intercepts from ongoing in-fill and exploration drilling at its 100%-owned San Miguel Project in northwestern Mexico. The exciting new results are from the Don Ese North target and the San Antonio silver zone, two important discoveries made by Paramount in the past year.
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