Author: Josue Gomez

NWM Mining Corporation : NWM Successfully Negotiates Extension of Debt Facility to June 2013

NWM Mining Corporation announces an extension of the debt facility coming due in December 2012 to June 14, 2013. US $500,000 of interest payable in September and October will be capitalized in the form of a convertible debenture with a strike price of $0.06 due September 20, 2013. This convertible bears interest at a rate of 15% and is not subject to amortization repayments. A cash payment of $150,000 is payable and 10,500,000 common shares of NWM will be issued on closing.

Chesapeake’s Metates Pre-Feasibility Study Near Completion-Q4 Release

Chesapeake Gold Corp. reports on the current status of the pre-feasibility study on its 100% owned Metates project located in Durango State, Mexico. The Metates project contains a NI 43-101 measured and indicated resource of 19.0 million ounces gold and 519 million ounces silver together with 4.2 billion pounds of zinc (see NR2-2012 dated February 16, 2012) making it one of the largest undeveloped gold-silver projects in the Americas.

Oroco Announces Commencement of Exploration at its Xochipala Project

Oroco Resource Corp. is pleased to announce the commencement of an exploration program on its Xochipala Project in Guerrero State, Mexico. The project is located at the southern end of a gold rich district in Mexico called the Guerrero Gold Belt. To date more than 19 million ounces of NI 43-101 compliant gold resources in all categories have been reported, including Los Filos (goldcorp inc.:13.58 million ounces gold proven)(goldcorp inc.:probable)(goldcorp inc.:measured)(goldcorp inc.:indicated)(goldcorp inc.:and inferred as at 2011); El Limon and Los Guajes (torex gold resources inc.:5.44 million ounces gold measured)(torex gold resources inc.:indicated and inferred ounces as at September)(torex gold resources inc.:2012); and Ana Paula (newstrike capital inc.:currently estimating its resource). The Xochipala Property is the last remaining under-explored target in the GGB that has geological characteristics similar to the known deposits, including the existence of a strong magnetic signature and extensive areas of alteration associated with the contact between intrusives and sediments.

Azure Minerals Limited : Share Placement

Azure Minerals Limited announces that it has received commitments to participate in a share placement of 39,000,000 fully paid ordinary shares at $0.018 each to raise $702,000. Options exercisable at 2 cents each and expiring 2 years from their issue date will also be allocated on the basis of one free option for every two shares subscribed.

Minera San Jorge S.A. de C.V. Clarifies, it has No Ownership of Cinco Minas or Gran Cabrera Mineral Concessions

Minera San Jorge S.A. de C.V. has issued a statement regarding the ownership of Cinco Minas and Gran Cabrera. MSJ wants to make public the fact that the Company no longer has an ownership interest in either Cinco Minas or Gran Cabrera, two mineral properties located in Jalisco, Mexico. MSJ was removed from the mineral rights ownership of these two properties due to a labor dispute and is now owned by a non-related third party company.

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