DEL TORO SILVER SIGNS LETTER OF INTENT WITH MAYO GOLD
August 2, 2010
Vancouver, British Columbia (August 2nd, 2010) – Mayo Gold Explorations Ltd. (“Mayo Gold” or the “Company) is pleased to announce they have signed a letter of intent with Del Toro Silver Corp. (OTCBB: DTOR) (“Del Toro”) (www.deltorosilver.com) to acquire a fifty percent (50%) undivided interest in Mayo Gold’s San Marcial and Papago Properties (“the Properties”) in Sonora State, Mexico.
The Property concessions total approximately 26,820 hectares in the Sonoran gold belt of which previous work completed include mapping, sampling, geochemistry and 1,500 meters of drilling. A Technical Report (NI 43-101 compliant) was completed in May, 2007 by Scott Wilson Roscoe Postle and Associates Inc.
The Letter of Intent is for discussion purposes only and does not constitute a binding agreement or commitment of any nature between the parties. The Transaction will be subject in all respects to a fully and executed Definitive Agreement on or before October 29th, 2010.
Mayo Gold is a Mexico-based mining exploration company committed to deliver value to its shareholder by acquiring, developing and mining precious metals deposits in Mexico.
On behalf of the Board
Pedro Villagran Garcia
President & CEO
MAYO GOLD APPOINTS MEMBER OF THE ADVISORY BOARD
April 23, 2009
Mayo Gold Explorations Ltd. is pleased to announce the appointment of Mr. Richard Tschauder as Advisor to the Board of Directors, effective on April 25, 2009. His appointment will bring the required technical insight and enhance the Company’s ability to increase shareholder value. Mr. Tschauder has extensive experience in the United States and Mexico where he worked in mining exploration development and production projects.
Mr. Tschauder’s involvement in mineral exploration and discoveries spans over 30 years. He was chief geologist for Hecla Mining Company, which he left in 1996. During his time with Hecla, Mr. Tschauder was instrumental in bringing a number of mines to the production stage, including: Golden Promise and Golden Eagle, Washington; Rosebud, Nevada; Grouse Creek, Idaho and La Choya, Sonora. He is the founder of Bueno de Oro, Inc. a consulting firm based in Zacatecas, Mexico and has served as either an officer and or director or consultant of other publicly trading exploration and development companies.
Mayo Gold is a Mexico-based mining exploration company committed to deliver value to its shareholder by acquiring, developing and mining precious metals deposits in Mexico.
On behalf of the Board
Pedro Villagran Garcia, President & CEO
MAYO GOLD MAKES MANAGEMENT CHANGES
April 20, 2009
Mayo Gold Explorations Ltd. announces that Mr. James Briscoe as will no longer serve as Vice President of Exploration, effective on April 20, 2009. Mr. Briscoe will focus his energy on other endeavors.
Mayo Gold is a Mexico-based mining exploration company committed to deliver value to its shareholder by acquiring, developing and mining precious metals deposits in Mexico.
On behalf of the Board
Pedro Villagran Garcia, President & CEO
MAYO GOLD APPOINTS NEW MEMBER TO THE BOARD OF DIRECTORS, VICE PRESIDENT OF EXPLORATION AND MOVES BASE OF OPERATIONS
September 30, 2008
Mayo Gold Explorations Ltd. is pleased to announce the appointment of Mr. James Briscoe as Member of the Board of Directors and Vice President of Exploration, effective on September 20, 2008. His appointment will bring the required technical insight and enhance the Company’s ability to evaluate its mining properties. Mr. Briscoe has extensive experience in Nevada where he worked in mining exploration projects located in the Carlin Trend.
Mr. Briscoe’s involvement in mineral exploration and discoveries spans over 40 years. He is a Registered Professional Geologist in the States of California and Arizona since 1969 and 1972 respectively. Credited with expanding porphyry copper ore reserves at Silver Bell, Arizona and identifying major gold deposits in the Randsburg District in California, he was also instrumental in the discovery of the large disseminated McDermitt open-pit mercury mine in Nevada. Mr. Briscoe co-discovered and co-owned the Wind Mountain gold-silver mine in Nevada and has served as either an officer and or director of three other publicly trading exploration and development companies.
The company will also move its base of operations to Tucson, Arizona.
Mayo Gold is a Tucson-based mining exploration company committed to deliver value to its shareholder by acquiring, developing and mining precious metals deposits in Mexico.
On behalf of the Board
Pedro Villagran Garcia, President & CEO
MAYO INCREASES CONCESSIONS ON PAPAGO
February 15, 2008
Mayo Gold Explorations Ltd. has received the Cucurpe 5 concession title. As a result of this grant, the total size of the Papago property has almost doubled to a total size of 26,820 hectares.
“The additional concession granted to Mayo at the Papago Property substantially increase our exploration holdings in a prospective area,” said Pedro Villagran Garcia, President and Chief Executive Officer of Mayo Gold. “These new concession greatly enhance the size of our existing Mexican property: Papago, surrounding the Papago project, and in the heart of the prolific Mohave Shear “
Mayo Gold is a Vancouver-based mining exploration company committed to deliver value to its shareholder by acquiring, developing and mining precious metals deposits in Mexico.
On behalf of the Board of Directors
Pedro Villagran Garcia, President
MAYO GOLD APPOINTS CHIEF FINANCIAL OFFICER AND MEMBER TO THE BOARD OF DIRECTORS
June 14, 2007
Vancouver, British Columbia
Mayo Gold Explorations Ltd.
MayoGold Explorations Ltd. is pleased to announce the appointment of SimonDorey as Chief Financial Officer and Director, effective June 7, 2007.His appointment will bring the required insight on all financialaspects related to the Company.
Mr. Simon Dorey, CA, ACA, a graduate of OxfordUniversity, England is a qualified chartered accountant in both Canadaand the UK. He has over 25 years of working as a consultant and asenior financial executive with both established and start-up companiesin Canada, the UK and the US. He has worked with gold and other mineralmining projects in the US, Greenland, Ghana and Mexico. He hasexpertise in business planning, business development, financing,operations and public company reporting.
MayoGold is a Vancouver-based mining exploration company committed todeliver value to its shareholder by acquiring, developing and miningprecious metals deposits in Mexico.
On behalf of the Board of Directors
Pedro Villagran Garcia, President
MAYO GOLD RECEIVES NI 43-101 REPORT
June 8, 2007
Vancouver, British Columbia
Mayo Gold Explorations Ltd.
MayoGold is pleased to announce that it has received a Certified NI 43-101Technical Report from Scott Wilson, RPA on the El Papago project whichprovides a work program on the property.
Scott Wilson RPArecommends that an exploration program is warranted for the El PapagoProject, comprising geological mapping, dry stream sediment (arroyo)geochemistry, induced polarization (IP) geophysics, trenching, diamonddrilling, and reverse circulation drilling. Scott Wilson RPA furtherrecommends that an exploration program should be conducted in twophases with the second phase being contingent on success of the firstphase. The Company is encouraged to implement the recommendations assoon as possible Scott Wilson RPA offers the following conclusions withrespect to the El Papago Project.
- Gold mineralization is related to alteration including argillization,
- silicification, and sericitization.
- Theproperty geology and mineralization is similar to the Santa GertrudisProject, which exhibits many similarities to Carlin-type deposits.
- The property has potential to host economic gold mineralization and is of sufficient merit to recommend an exploration program.
In closing, Mayo Gold would like to thank its shareholders and investors for their past and continued support.
On behalf of the Board of Directors
Pedro Villagran Garcia, President
MAYO GOLD APPOINTS MEMBER TO THE BOARD OF DIRECTORS
April 17, 2007
Vancouver, British Columbia
Mayo Gold Explorations Ltd.
Mayo Gold Explorations Ltd. is pleased to announce the appointment ofAlvaro Villagran as Director, effective April 14, 2007. His appointmentwill bring the required legal insight the Company requires to engage inbusiness. Mr. Villagran is an experienced litigator and well-knownattorney with a Master«s in International Law from ITESM, one ofMexico’s best schools. He is also the founder of Retmex, Real EstateTitle Mexico, www.retmex.com where he provides a wide range of services related to the Real Estate Industry within Mexico and South America.
MAYO GOLD APPOINTS MEMBER FOR MEXICAN SUBSIDIARY
September 16, 2006
Vancouver, British Columbia
Mayo Gold Explorations Ltd.
MayoGold Explorations Ltd. is pleased to announce the appointment of SergioLopez Rivera as Board Member of our wholly-owned Mexican Subsidiary,Exploraciones Mineras Mayo S.A. de C.V., effective September 16, 2006.
Mr.Lopez Rivera is a seasoned attorney who worked in the Mexican MinesBureau (“MMB”) for a total of 43 years. He held numerous positions inthe Bureau and was Director in charge of the MMB from January 1995 toOctober 1995. He was a member of the “Mining Law Review Commission” incharge of producing the new and reformed Mexican Mining Law. Hisappointment will bring the vast legal insight that our company requiresin fields such as surface rights, meeting mandatory regulatoryrequirements, title, litigation and environmental permitting. Hisinvolvement will enhance the Company’s ability to increase shareholdervalue.
