VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 02/15/12 — Sierra Madre Developments Inc. (the "Company") (TSX VENTURE: SMG) wishes to announce it intends to undertake a private placement to raise up to $2,250,000, through the distribution of up to 30,000,000 units ("Units") at $0.075 per Unit.Each Unit will consist of one common share and one-half of one common share purchase warrant; and each whole warrant will entitle the holder to acquire one additional common share of
VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 02/15/12 — Arco Resources Corp. (TSX VENTURE: ARR) ("Arco" or the "Company") contracted with Micon International in the fall of 2011 to prepare a technical report (the "Report") under National Instrument 43-101 on its 3,181 hectare Predilecta property located in the state of Oaxaca, Mexico. The Report has now been completed, and recommends a two-phase property-wide exploration program with a budget of $290,000.The Re
TORONTO, ONTARIO — (Marketwire) — 02/15/12 — All figures in US dollarsBarrick Gold Corporation (NYSE: ABX)(TSX: ABX) today announced that its Board of Directors has declared a quarterly dividend of US15 cents per share, payable on March 15, 2012 to shareholders of record at the close of business on February 29, 2012.Barrick-s vision is to be the world-s best gold company by finding, acquiring, developing and producing quality reserves in a safe, profitable and socially responsible manner.Con
VANCOUVER, BRITISH COLUMBIA and LISLE, ILLINOIS — (Marketwire) — 02/15/12 — Kelso (TSX VENTURE: KLS)(OTCQX: KEOSF) reports that it has been ranked as a 2012 TSX Venture 50 Company. The Company has been ranked 4th in the Diversified Industries sector of the 2012 TSX Venture 50 ranking system.The TSX Venture 50® is a ranking of strong performers on TSX Venture Exchange ("TSXV"). 2012 TSX Venture 50 companies have an impressive track record. These companies have delivered above a
VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 02/15/12 — Pacific Potash Corporation (the "Company) (TSX VENTURE: PP)(OTCQX: PPOTF)(FRANKFURT: P9P) is pleased to provide results for the first wells drilled and cored within the company-s 100 per cent owned Provost Potash Property, located near Provost, Alberta. The Provost Potash Property encompasses 17,781 hectares along the Alberta-Saskatchewan border, approximately 45 km west of the historic Unity Potash Mine near Unity, Saskatchewan.S
COEUR D-ALENE, ID — (Marketwire) — 02/15/12 — Shoshone Silver/Gold Mining (OTCQB: SHSH) (PINKSHEETS: SHSH) announced today that it has signed a letter of intent with Desert Hawk Gold Corp. whereby Shoshone will acquire a 50% interest in the Desert Hawk mineral properties located in Tooele County, Utah. The property is located on the Utah/Nevada border and is about 50 miles south of Wendover. The terms of the deal are that Shoshone will contribute $10 million in project equity, as well as a $
VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 02/15/12 — American Manganese Inc. (TSX VENTURE: AMY)(PINKSHEETS: AMYZF)(FRANKFURT: 2AM) is pleased to announce the release of a new independent report validating the revolutionary hydrometallurgical process to be used at its Artillery Peak project in Arizona.The report titled "American Manganese-s Clean Extraction Process" and authored by cleantech analysis firm Kachan & Co. outlines the hydrometallurgical process and assesses the
Ore Zones Extended Down Over 300 Meters Below Existing Workings
Including 12.2 Meters (40.0 Feet) of 15.7 g/T (0.457 oz/t) Gold & Including 9.1 Meters (30.0 Feet) of 20.8 g/T (0.606 oz/t) Gold & 2011 Drilling Programs Completes on Cow Mountain
VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 02/15/12 — Gunpoint Exploration Ltd. ("Gunpoint") (TSX VENTURE: GUN) is pleased to report the assay results from the final three holes of a Phase-1 seven hole drill program on its 100% owned Talapoosa gold-silver project located in northwestern Nevada. Results for the first line of holes were released on December 13th, 2011 and reported fifty to one hundred meter wide intercepts of vein mineralization with average gold and silver grades
