Month: July 2012

Cream Minerals Ltd. announces the completion of the updated mineral resource estimate at the Company’s 100% owned Nuevo Milenio Silver-Gold Project in Nayarit State, Mexico. The Company also announces that the Board of Directors has initiated a review of Cream’s strategic alternatives intended to maximize shareholder value. A Special Committee of independent directors (“the Special Committee”) has been appointed.

Cayden Resources, a junior mining firm, has reported that the high-grade values of gold have been sampled in a fresh trench from the company’s La Magnetita target located in the Morelos Sur gold project in Mexico.

Sources say issues surrounding a land use contract signed in April 2008 have led to a blockade at the La Platosa mine.

Riverside Resources Inc. announces that it has received notice from Guerrero Exploration Inc. of its termination of the reorganization agreement between Riverside and Guerrero announced June 19, 2012. At the time the Reorganization Agreement was entered into, Guerrero was in default with respect to its option to acquire up to a 70% interest in the Chapalota property, Mexico, from the Company pursuant to an option agreement between the parties announced June 30, 2011. One of the purposes of the Reorganization Agreement was to set forth new terms upon which Guerrero could earn a 100% interest in the Chapalota property. With the termination of the Reorganization Agreement, Guerrero’s option to acquire an interest in the Chapalota property has now terminated.

Southridge Enterprises Inc. is pleased to announce the initial assay results from Trench #15 at Los Compadres. The Company has been actively conducting a trenching and sampling program at their Los Compadres property at Santa Maria del Oro, in Nayarit, Mexico.