Day: September 5, 2012

Great Panther Silver Purchases El Horcon Silver-Gold Project

Great Panther Silver Limited today announced it has purchased a 100% interest in the El Horcon Silver-Gold Project in Jalisco State, Mexico from Compania Minera El Dore, S.A. de C.V., a private Mexican company, for total consideration of US$1,600,000 in cash. El Horcon covers 7,908 hectares in 17 contiguous mining concessions and is located 60 kilometres northwest of Great Panther’s Guanajuato Mine Complex. As such, it is within trucking distance to the Company’s Cata Processing Plant.

Source Announces New Board and CFO Appointments and Granting of Incentive Options

Source Exploration Corp. announced today that Gorden Glenn, B.Sc., has been appointed Chairman of the Board of Directors. Mr. Glenn has extensive experience in the mining sector, having held senior positions with a number of major Canadian Banks and Securities firms focused on large, medium and small cap mining and exploration companies. His financial market experience includes mine finance, M&A, and project evaluation. Mr. Glenn also served as President & CEO of Foran Mining Corporation and is currently Interim President, CEO and Director of Auriga Gold Corp. He holds an Honours Bachelor of Science degree in Geological Sciences from Queen’s University, and has considerable experience in directing and executing exploration programs gained during his employment with Kennecott Canada Inc and Inmet Mining Corporation. Mr. Ewan Downie will step down as Chairman of Source but remain a Director of the Company.

Soltoro Drills 7.5 Metres of 224 gpt Silver Including 1.5 Metres of 592 gpt Silver Extending La Soledad West Deposit

Soltoro Ltd. has encountered additional high-grade silver mineralization at depth at the La Soledad West deposit on its El Rayo Project in Jalisco. Mexico. Three of four step-out diamond drill holes have intersected high-grade silver mineralization with each hole containing intervals of nearly 500 g/t silver. Further drilling at depth and along strike to the east and west is planned to define the limits of the La Soledad West deposit.

Southridge Announces Record Mineral Production and Revenues for Fourth Quarter of 2012

Southridge Enterprises Inc. is pleased to announce that it has recorded milestone mineral production and revenues for the fourth quarter and year ending August 31, 2012, from its 60 ton per day mill site at Cinco Minas in Jalisco, Mexico. In fiscal 2012, the Company processed over 9,000 tons of ore and recorded revenues of $3.14 Million.

Updated Resource Estimate Reports Substantial Growth in Contained Metals for Paramount Gold and Silver’s San Miguel Project

Paramount Gold and Silver Corp. today released results from an updated NI 43-101- compliant resource estimate for its 100%-owned San Miguel Project in Mexico. The updated estimate was prepared by Mine Development Associates (MDA, www.mda.com) of Reno, Nevada and includes data from 139 new core drill holes totaling 37,925 meters completed during 2011 and the first half of 2012. Previous resource estimates used in this press release for comparison purposes were also prepared by MDA.

Torex Expands Gold-Copper-Silver Discovery South of the Balsas River

Torex Gold Resources Inc. is pleased to report that drilling results continue to expand the gold-copper-silver mineralization at its Media Luna discovery located south of the Balsas River, on the Morelos Project in Mexico. In addition, work is continuing on several other high potential targets south of the Balsas River.

MAG Silver Corp. Closes C$33.1 Million Private Placement

MAG Silver Corp. is pleased to announce that it has closed its private placement offering of 3,526,210 common shares at a price of C$9.40 per share for gross proceeds of approximately C$33.1 million. The common shares issued are subject to a four month hold period under applicable Canadian securities laws.

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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.