Day: April 10, 2012

Urastar Drills Near Surface Gold at La Juliana in Sonora Mexico

Urastar Gold Corp. reports assays from 13 reverse circulation drill holes resulting in significant new gold intersections on the La Juliana Deposit. The Juliana Gold project is located in the prolific Sierra Madre Gold Belt approximately 7 km from Alamos Gold’s flagship Mulatos Gold Mine (see location map at www.Urastargold.com ). New assay highlights include 20 ft grading 1.9 g/t Au from the 150 to 170 foot level (more details in table below).

Source announces filing of Technical Report on the Capricho Property in Sinaloa State, Mexico

Source Exploration Corp. is pleased to announce that it has filed a National Instrument 43-101 – Standards for Disclosure of Mineral Projects compliant technical report with respect to the Capricho property located in Sinaloa State, Mexico on SEDAR at http://www.sedar.com. The report, entitled “Technical Report on the Capricho Au-Ag Property, Sinaloa State, Mexico”, dated March 22, 2012 was prepared for the Corporation by Tim Twomey, a qualified person within the meaning of NI 43-101.The report has been posted on the Company’s website at http://www.sourceexploration.com.

Mercator Minerals Reports First Quarter 2012 Production Results

Mercator Minerals Ltd. is pleased to announce the production results for the three months ended March 31, 2012 from its wholly-owned Mineral Park Mine in Arizona. Production for the quarter totalled 20.1 million pounds of copper equivalent(i), which consisted of 9.9 million pounds of copper in concentrates and cathode copper, 2.3 million pounds of molybdenum and 211,431 ounces of silver.

Quaterra Provides Corporate Update

VANCOUVER, BRITISH COLUMBIA, Apr 10, 2012 (MARKETWIRE via COMTEX) — Quaterra Resources today provided a corporate update including anticipated timing for the completion of work on projects listed below.

Oremex Silver to Commence Follow Up Drill Program at the Chalchihuites Silver Project

Oremex Silver Inc. is pleased to announce the completion of the underground and surface mapping and sampling at the Chalchihuites silver project held by its wholly owned Mexican subsidiary, Minera Mantos S. de R.L. de C.V. Nine mantos and four structures were identified. The combined surface and underground sampling indicated grades of up to 3,450 g/t silver, 3.4 g/t gold, 0.30% copper, 20.6% lead and 12.5% zinc, over channel sample lengths ranging from 0.22 meters to 3.90 meters.

Cortez Gold Corp. – Share Purchase Agreement Terminated

Vancouver, British Columbia – Cortez Gold Corp (TSXV: CUT) (“Cortez” or the “Company”) announces that it has delivered its notice to Cortez Minera Mexicana S.A de C.V (“Minera Mexicana”), notifying them that the Company will not be proceeding with the transaction to acquire 100% of the issued and outstanding shares of Minera Mexicana. Minera Mexicana is a private Mexican company that holds the option to purchase a 100% interest in the Petlacala gold/silver project in Guerrero State, Mexico (see press releases of April 12 and August 23, 2010).

New Director for Starcore’s Board

Vancouver, B.C. — Starcore International Mines Ltd. (the “Company”) is pleased to announce that Serge Depatie of Montreal, Quebec has joined the Board of Directors as a ninth director. The Starcore Board now includes four independent Directors.

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Maza Drilling is a Mexican company established in 2007 in Mazatlán, Sinaloa. Our Canadian founder, Mr. Guy de Launiere, has over 20 years of international experience managing diverse drilling operations. Maza Drilling strives to compete at the highest levels in terms of recovery, effectiveness, efficiency, and affordability at every project while keeping at the forefront of technology to meet our customer’s needs in this demanding market.