The company has announced that it has entered into an option agreement to acquire the El Inca property located approximately 4km northeast of the village of Inca de Oro, in Chile.
"During the second quarter of 2012, we became operator at TV Tower, earned a controlling interest at Kinsley while continuing to expand the extent of gold mineralization, and completed a robust maiden resource estimate on our Halilaga copper-gold project."
"Both of our senior projects are advancing rapidly. During the second quarter, Rio Tinto confirmed its funding for Phase 1 and Phase 2 construction of the Oyu Tolgoi mining complex."
The name isn't all that's changed, Charles Lenegan and Jeffery Tygesen are the recent additions that bring the total number of Turquoise Hill directors to 13.
The report highlights an adjusted earnings of $0.03/share, a new chief operating officer and production of 18,344 ounces of gold with 5.1 million pounds of copper.
"This is a great combination which will produce many synergies on multiple fronts for both Corazon and ICN shareholders. ICN will be able to drill one or more of its Nevada projects yet this year, and in particular, follow-up on exciting 2011 drill results at the Goldfield Project."
The company reports a net loss of $583,820, or $0.006 per share, was incurred for the second quarter compared to a net loss of $154,462, or $0.003 per share for the same period in 2011.