Day: May 22, 2012

Golden Tag Resources Ltd. is pleased to announce that a 5,000 metre diamond drilling program has commenced on the San Diego Property, Velardena Mining District, Durango State, Mexico. The program, which is the 6th phase of drilling on the property, is budgeted at $US1.8 million and is being wholly-funded by Golden Tag as part of a recently revised joint venture agreement with Golden Minerals Company whereby Golden Tag has the right to increase its interest in the joint-venture from 50% to 60% by funding the next $US3 million of exploration expenses. Golden Tag is the operator.

New mineralized structure up to 12 meters wide includes 3 meter intercept of 4.24 g/T Au and 817 g/T Ag

Endeavour Silver Corp. announces that exploration drilling at the San Sebastian property in Jalisco State, Mexico has discovered a new high grade silver-gold mineralized zone in the Terronera vein.

Silver Bull Resources, Inc. is pleased to provide the results that will be reported in the updated NI43-101 Technical Report currently being completed by SRK Consulting Inc. on the silver mineralization of the “Shallow Silver Zone” at the Sierra Mojada Project in Coahuila, Mexico.

First Majestic Silver Corp. is pleased to announce a new NI 43-101 Technical Report (TR) and Pre-Feasibility Study (PFS) for the Del Toro Silver Mine.

Santacruz Silver Mining Ltd. Santacruz is pleased to provide an update on its Rosario project, located in the mining district of Charcas, San Luis Potosi, Mexico. The environmental permits for both the underground development and mine construction have been received for the Rosario project. This is a positive development for the project as it is the Company’s intention to commission the mill within the first quarter of 2013. Detailed engineering and construction work continues on the project and is on schedule for the Company’s production target timeline.

International Northair Mines Ltd. is pleased to announce assay results from seven core holes recently completed in the Las Carolinas Zone of its La Cigarra silver project, located in north central Mexico.