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.
Prospero Silver Corp. announced today the results of an 870m diamond drill program at its Campana project in central Durango State, Mexico. Holes CAM-11-01 and CAM-11-02 focussed to the east and north of historic drilling (2007) that showed disseminated gold and silver mineralization over intersections up to 330m in length. The two-hole program, just finished, tested a zone characterized by chargeability and resistivity highs (Figure 1) as outlined by Z-TEM and IP surveys conducted earlier this year (refer to news releases of July 13, 2011 and August 29, 2011).
Vancouver, British Columbia (January 4, 2012) – Sutter Gold Mining Inc. (TSXV: SGM; OTCQX: SGMNF) (“Sutter” or the “Company”) is pleased to announce that it commenced trading today on OTCQX, the top tier of the U.S. Over-the-Counter (“OTC”) market, under the symbol SGMNF.
First Majestic Silver Corp. (“First Majestic” or the “Company”) is pleased to announce the appointment of Mr. Martin Palacios to the position of Chief Information Officer (“CIO”).
VANCOUVER, BRITISH COLUMBIA–(Marketwire – Jan. 3, 2012) – Aura Minerals Inc. (TSX:ORA) (“Aura Minerals” or the “Company”) is pleased to announce the appointment of Ian Stalker to the Company’s Board of Directors.
Baja Mining Provides Update on Governance and Boleo Project Independent Chair of the Board Appointed Boleo Project Progress Continues Drilling Program Advances, With Assays Expected in Q1 2012 Vancouver, January 3, 2012 – Baja Mining Corp. today announced the appointment of former independent Lead Director Giles Baynham as independent Chair of Baja’s Board of Directors, the adoption of several new policies relating to corporate governance, and provided an update on the Company’s 70% owned, Boleo copper-cobalt-zinc project located in Baja California Sur, Mexico.
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