Author: Josue Gomez

Excellon Reports First Quarter Production

Excellon Resources Inc., Mexico’s highest grade silver producer, is pleased to report Q1 2013 production from the La Platosa Mine in the state of Durango, Mexico. Highlights of the first quarter include:

Riverside Resources Signs $2.25m Three Year Strategic Alliance With Hochschild Mining for Gold-Silver Exploration in Western Sonora, Mexico

Riverside Resources Inc. is pleased to announce the signing of a three year, C$2.25M strategic exploration alliance with Hochschild Mining Holdings Limited for generative exploration throughout the prolific Mega-shear Gold Belt in western Sonora, Mexico. The Alliance will focus on identifying potential new large precious metal deposits using Riverside’s extensive technical knowledge and experience in Sonora. Hochschild will fund C$750,000 on an annual basis (C$2.25M over three years) for generative exploration and Riverside will be the operator for all exploration activities of the Alliance, while all decisions relating to the Alliance will be made jointly through a Technical Committee comprising two representatives from each of Riverside and Hochschild similar in structure to other exploration alliances that Riverside is currently operating in Canada and Mexico.

Garibaldi Acquires La Patilla Property, Mexico

Garibaldi Resources Corp. is pleased to report that it has completed a transaction to acquire a 100% interest in the 99 hectare La Patilla property located in the Municipality of Rosario, State of Sinaloa, Mexico.

Torex Intersects Au-Ag-Cu Mineralization Outside Media Luna Magnetic Anomaly

Torex Gold Resources Inc. is pleased to report that two boreholes located approximately 100 metres southwest of the Media Luna magnetic anomaly, intersected mineralization in a non magnetic area. Borehole WZML-30 encountered 5.4 g/t Au eq. over 11.7m and borehole WZML-26 encountered 3.9 g/t Au eq. over 4.6m. In addition, the inferred resource drilling program continues to intersect high grade mineralization over significant widths within the Media Luna magnetic anomaly target at the Company’s Morelos Gold Project in Mexico. Highlighted intercepts from the three known mineralized zones reported today, include borehole NEZML-22, which intersected 8.81 g/t Au eq. over 38.2m; borehole WZML-31, which intersected 5.34 g/t Au eq. over 29.9m; borehole WZML-35, which intersected 4.09 g/t Au eq. over 37.3m; borehole CZML-03, which intersected 20.66 g/t Au eq. over 6.0m; and borehole NEZML-24, which intersected 8.49 g/t Au eq. over 13.7m.

Seeking Alpha – SilverCrest: An Interview With CEO Scott Drever

Silvercrest Mines (SVLC) is a precious metals miner operating the Santa Elena Mine in the Mexican state of Sonora and developing the La Joya project further to the South in the state of Durango. The year 2012 has been the first full year in production at the Santa Elena mine and Silvercrest has managed to outperform market expectations by exceeding guidances and reporting revenues of $70.5M and a net income of $30.5M. The market capitalisation is $254M and the forward P/E is listed as 7.61 on Yahoo.com. The development of the Santa Elena mine was partly financed by a streaming agreement with Sandstorm Gold (SAND).

En 2013 Frisco buscará casi triplicar su producción de oro

Este año la Minera Frisco casi triplicará su producción de oro, que cayó 26% en el 2012. La empresa ya concluyó la expansión de dos minas en Baja California y Zacatecas. Además, a mediados de año abrirá dos nuevos desarrollos en Chihuahua.

VVC Exploration Signs Letter of Intent for Acquisition of Camex Mining Development

VVC Exploration Corporation announces that it has entered into a non-binding letter of intent dated April 12, 2013 with Camex Mining Development Group Inc. Pursuant to the Letter of Intent, the Company intends to acquire all of the issued and outstanding shares of Camex, in exchange for the issuance of 59,900,000 common shares of VVC at closing, subject to adjustments, if any, as mutually agreed upon based on due diligence. In the Letter of Intent, the parties have agreed to, among other things, an exclusivity period within which to negotiate and conclude a definitive share purchase agreement in effect until the expiration or termination of the Letter of Intent in accordance with its terms.

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