Author: Josue Gomez

SilverCrest Reports 50m @ 151.8 gpt Ag Eq(i) at La Joya Main Mineralized Trend Continues to Expand

SilverCrest Mines Inc. is pleased to announce the results of an additional 11 holes of the Phase II drill program currently underway at its La Joya Property in Durango, Mexico. The Phase II program is comprised of 80 holes totaling approximately 15,000 metres. Phase II drilling reported to date has extended the Main Mineralized Trend beyond the area containing the current Inferred Resource of 101.9 million ounces Ag Eq.

Source to Commence Drilling Program on Higher-Grade Portions of Las Minas Property

Source Exploration Corp. is pleased to announce its 2012 work program for the Las Minas gold-silver-copper project located at Veracruz, State, Mexico. The program will include 2,000 metres of diamond drilling to expand upon and infill the higher-grade portion of the host skarn intrusion identified in Phase 2 drilling. A drilling contract has been awarded to Grupo Drilcor S.A. de C.V. and drilling is scheduled to get underway in mid-August. In addition, continued prospecting and sampling will be carried out to test for extensions of existing mineralization and identification of new gold, silver and copper mineralization at Las Minas, La Miquitta and La Luz concessions as well as the newly acquired San Valentin concession – see press release dated June 26, 2012.

Excellon provides update on Illegal action at La Platosa mine, Durango Mexico

Excellon Resources Inc. reports that on Monday, July 9th, members of the Edijo de La Sierrita, assisted by the NGO group PRODESC and Sindicato Nacional de Trabajadores Mineros Metalúrgicos, Siderúrgicos y Similares de la República Mexicana which is affiliated with the United Steelworkers Union of Canada (USW) commenced an illegal action at the Company’s La Platosa Mine, located in Durango Mexico.

AuRico Gold’s CEO René Marion Steps Down For Health Reasons; Scott Perry Appointed CEO

AuRico Gold Inc. announced today that René Marion, President, Chief Executive Officer and Director has tendered his resignation for health reasons effective September 3, 2012 and that Scott Perry has been appointed President and Chief Executive Officer. Russell Tremayne and Peter MacPhail will remain as the Chief Operating Officers of Mexico and Canada respectively. Mr. Colin Benner has been appointed as Executive Chairman and will work with the management team through the transition period.

Zinco Advises Of Property Reduction And Its Current Cash Position

Zinco Mining Corporation has dropped one concession and applied to reduce the size of five other concessions held in its VMS Jalisco Project in Mexico. This step has been taken to reduce its property holding costs while the company seeks additional financing. Land being abandoned at this time is peripheral to the Company’s core assets.

Hochschild Mining Plc : Production Report for the 6 months ended 30 June 2012

Q2 2012 attributable production of 5.2 million silver equivalent ounces
H1 2012 attributable production of 10.2 million silver equivalent ounces
On track to deliver 2012 attributable production target of 20.0 million silver equivalent ounces
Temporary accumulation of San Jose concentrate inventory at end Q2 2012 due to industry-wide regulatory changes in Argentina; exports resumed and inventory to be sold in H2 2012
Continued progress at Inmaculada and Crespo Advanced Projects
Ongoing positive results from mines and brownfield exploration programme with significant intercepts reported and continued discovery of new economic veins
Resource additions at current operations on track to meet annual target
Solid financial position with total cash of approximately $543m and minority investments of $413.6m as at 30 June 2012

McEwen Mining Announces Good Second Quarter 2012 Production Results

McEwen Mining Inc. is pleased to announce good Second Quarter production results for the San Jose mine. Production of gold and gold equivalent ounces was up 9% over the previous quarter and up 17% over Second Quarter 2011. McEwen Mining’s 49% share of production during the quarter was 10,754 ounces gold and 735,000 ounces silver, representing 24,889 gold and gold equivalent ounces1. Production costs will be announced with the Second Quarter financial results, which will be released in early August of 2012.

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