Month: March 2013

The Company has recently received results of an exploration program on the El Indio and Pelonachi properties which included mapping and channel sampling during the months of November to January. Also included was improvements to access roads in certain areas of the Pelonachi property. A total of 222 geochemical samples were taken on the El Indio property and 488 samples were taken on the Pelonachi property. The El Indio and Pelonachi claims are part of Alliance’s 4,872 hectare land package located totaling nearly 50 square kilometres primarily in the Uruachic district of northwestern Mexico. The land package puts Alliance in the heart of a prolific gold exploration area and includes the closest privately held claims, within four kilometres, to Fresnillo PLC’s important Orisyvo discovery (www.fresnilloplc.com). Fresnillo is the world’s largest primary silver producer and the second-largest gold producer in Mexico. However, the Orisyvo discovery may change that.

Yale Resources Ltd. is pleased to report that with a payment of US$170,000 and the issuance of 1,000,000 shares that it has received full payment from Sonora Resources Corp. for the sale of a 100% interest in the Los Amoles Property located in Sonora State, Mexico.

Riverside Resources Inc. is pleased to announce that partner-funded drilling has now commenced at the Company’s 100-percent-owned Penoles Project in Durango, Mexico. Riverside’s partner, Sierra Madre Developments Inc., is starting a minimum 1,500-meter drill program and is planning to test various parts of the high-grade Jesus Maria silver-gold vein system. The proposed diamond drill program will initially test beneath and adjacent to surface-sampled trench areas and along the structural trend of the vein system, and targets shallow intercepts along strike from high-grade Ag-Pb-Zn historic mine workings. This drilling is on less than 1 square kilometer of the greater than 300 km2 land package, which has more than 10 additional target areas controlled by Riverside in the historic Penoles District in northern Durango state, Mexico.

International Northair Mines Ltd. is pleased to provide an update of the ongoing exploration program underway at its La Cigarra silver project located in north central Mexico.