Starcore International Mines Ltd. ("Starcore" or the "Company") announces that in 2013 it will focus on increasing shareholder value through exploration and development at its wholly-owned San Martin gold and silver mine in Queretaro, Mexico.
Aegean Metals Group Inc. ("Aegean" or the "Company") is pleased to announce that due to recent positive geologic results from testing on the Hot Prospect (see news release dated November 28, 2012) and the Company's intention to exercise the option to purchase the Ergama Property from Teck Resources Limited ("Teck"), the Aegean board and management have determined it is in the Company's best interest to focus its resources on advancing these two Turkish properties, which are the core assets of the Company. As a result, the Company has given notice to Teck to terminate the option agreement with regard to the Kizildam Property.
Falco Pacific Resource Group Inc. ("Falco Pacific" or the "Company") is pleased to announce that it has commenced a 2,000 metre diamond drill program on its Flavrian Central gold prospect located 15 km northwest of the city of Rouyn-Noranda, Quebec within the West Rouyn-Noranda Camp's ("Western Camp") Flavrian gold district. Drilling recently began with one rig and is expected to be completed in the early first quarter of 2013. The 6 drill-hole program will test multiple shallow gold targets recently generated from Falco Pacific's extensive proprietary regional database.
Southridge Enterprises Inc. ("Southridge" or the "Company") is excited to announce a new Joint Partner, Kinross, a Major listed Mining Company for its Cinco Minas and Gran Cabrera properties. Southridge's joint partnership with Kinross, a major NYSE listed gold mining company, is valued at roughly $550,000,000 to $600,000,000.
Nevada Exploration Inc. ("NGE") is pleased to announce that it has closed, subject to TSX Venture Exchange final approval, the non-brokered private placement ("Offering") previously announced on December 5, 2012. NGE has issued 10,000,000 Units at a price of $0.10, for gross proceeds of $1,000,000.
Golden Valley Mines Ltd. ("Golden Valley Mines" or the "Company") is pleased to provide the following update on the Company's on-going exploration programs:
Barisan Gold Corporation wishes to inform shareholders that that two of its majority-owned Indonesian subsidiaries, PT Linge Mineral Resources ("Linge") and PT Takengon Mineral Resources ("Takengon"), have received extensions to their Exploration Izin Usaha Pertambangan ("IUP"). The two IUPs have been extended until December 28, 2014. Exploration IUPs are exploration licenses, which allow their owners the right to conduct mineral exploration on the ground they cover, subject to other relevant permits, government and local approvals, if applicable.
VCS Mining and its wholly owned subsidiary, Delta Societe Miniere S.A. are pleased to announce the awarding of a gold mining exploitation permit issued by the Haitian Government for its Morne Bossa project. This is one of two permits issued today, the first permits of this kind issued in over 5 decades.
USCorp, today announced that it has completed the first step of its fourth phase of exploratory drilling at its Twin Peaks property in Yavapai County, Arizona. The drilling program is one that USCorp management believes will give us the results necessary for permitting the mine for production.
Minera IRL Limited ("Minera IRL" or the "Company"), the Latin America gold mining company, is pleased to announce that the Environmental Impact Assessment (EIA) has been submitted to the Peruvian authorities on 20 December 2012 thus commencing the permitting process at the Company's flagship Ollachea Gold Project.
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