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Based upon the rapid rise in gold prices, Farallon Mining said it is planning a second mine at its Campo Morado property in Guerrero Sate in Mexico The Company is formally initiating studies to re-evaluate the Reforma, Naranjo, El Largo and El Rey deposits to assess the feasibility of building a second mine with a target [...] With the acquisition of the Ana Paula Properties, Newstrike Capital now controls a 100 per cent interest in over 160,000 strategic hectares in the Guerrero Gold Belt (GGB). The company manages their land position under two contiguous projects – Aurea Sur and Aurea Norte – which are divided geographically by the east-westerly trending Balsas River. The Aurea [...] Vancouver, B.C., June 25, 2010 – Newstrike Capital Inc. (TSX-V: NES) (“Newstrike” or “the Company”) – www.newstrikecapital.com – is pleased to advise that it has completed its acquisition of a 100% interest in the Ana Paula mining concessions from Goldcorp Inc. (“Goldcorp”) (TSX:G, NYSE:GG). Final documentation was signed and submitted for registration in Mexico City [...] Vancouver, B.C., June 22, 2010 – Newstrike Capital Inc. (TSX-V: NES) (“Newstrike” or “the Company”) – http://www.newstrikecapital.com/ – is pleased to announce a non-brokered private placement of up to 12,500,000 units at a price of $0.40 per unit for cash proceeds of up to $5,000,000. Each unit is comprised of 1 common share and 0.5 [...] Aura Silver Resources Inc. has announced results from its ongoing silver and gold exploration at its Higo Blanco project located in the Taviche district, Oaxaca, Mexico. The Higo Blanco project is adjacent Newstrike Capital’s Ejutla Fracc. II claim New results include hole HBET-23 with 238.7 grams per tonne (g/t) silver equivalent over 19.3 meters which extends [...] Goldcorp Inc. recently announced that it had entered agreement to sell the San Dimas gold-silver mine in Mexico to Mala Noche Resources Corp. The total purchase consideration of $500 million, consisted of $275 million in cash, $175 million of Mala Noche common shares valued at the offering price of Mala Noche’s proposed equity financing and a [...] |
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