Day: September 12, 2012

Source Exploration Corp. is pleased to report that the first two step-out holes drilled proximal to the high-grade discovery hole LM-11-SC-45 have intersected significant copper and magnetite mineralization indicative of strong potential to expand this high-grade area at Las Minas. The discovery hole graded 15.89 g/t gold (Au), 12.98 g/t silver (Ag) and 2.25 percent copper (Cu) over 10.0 metres (m) – see press release dated January 26, 2012 .

Argentum Silver Corp. has commenced a second phase drilling program at its 1053-hectare Coyote Property in the State of Jalisco, Mexico. The second phase diamond drill program is aimed at demonstrating grade and thickness continuity on the El Tajo vein as well as some scout drilling on the La Colorada and La Valenciana veins. Sixteen drill holes are planned totaling 2,000 metres. Combined, the El Tajo and La Colorada veins have been traced for over a 900 metre strike length on surface. In addition, a new vein system called La Valenciana has been defined approximately 750 metres to the south-west of El Tajo. The La Valenciana vein system is traceable on surface for over 450 metres as a series of exposures and underground workings supported by trenching, geophysics, and soil and rock sampling.

Bandera Gold Ltd. announced today it has signed a non-binding Letter of Intent with Minera San Jorge, S.A. de C.V., a Mexican corporation, and its affiliates to settle the existing disputes for the mining properties located in Mexico referred to as the Cinco Minas and Gran Cabrera properties, whereby the Company will sell its interest in the Properties to MSJ for a minimum of US $6,500,000. The Company negotiated the Letter of Intent with MSJ using a third-party facilitator.

Orko Silver Corp. is pleased to announce that a field exploration program has commenced on the Esmeralda Targets area of the La Preciosa Silver-Gold Project in Durango, Mexico. The Esmeralda Targets area, located 12 kms northwest of Orko’s La Preciosa deposit, consists of a series of major fault controlled blocks, with three historic mining workings called El Cristo, La Blanca and La Esmeralda.