Category: Exploration and Development

SilverCrest Mines Inc. is pleased to announce initial results of exploration drilling at the El Durazno Target within the 100% held Ermitaño I concession inSonora, Mexico. Nine (9) shallow drill holes, totalling an estimated 2,656 metres have been completed. The objective was to initially drill test surface mineralization for potential open pit targets. El Durazno is the first of several targets identified by surface work to be drilled in the Ermitaño I & II and Cumobabi concessions. Please refer to news releases dated January 14, 2014 and November 18, 2014 on the Company’s website at www.silvercrestmines.com for more information.

Further to its press release of January 23, 2015, Starcore International Mines Ltd. announces that it has closed the transaction to acquire all of the shares of Creston Moly Corp. from Deloitte Restructuring Inc., in its capacity as trustee in bankruptcy of Mercator Minerals Ltd., at a purchase price of Cdn$2 million.

GoGold Resources Inc. is pleased to announce that the definitive agreement has been signed, due diligence has been completed, and the company has received an NI 43-101 mineral resource estimate by P & E Mining Consultants Inc. on the newly acquired Promotora tailings at Parral, Mexico. The new additional 12.6 million ounces in the silver equivalent mineral resource estimate represents a significant increase in mineral resources located in close proximity to the Parral heap leach facility. GoGold has previously released a 35 million ounces of silver equivalent (50/1) reserve at Parral (See press release dated February 21, 2013), and the new tailings will add a further 12.6 million ounces of silver equivalent resources that could be processed at the existing facility.

Gainey Capital Corp. is pleased to announce it has signed a new 10 year “Working Agreement” with the San Andres Milpillas Indian Community (Comunidad Indigena de San Andres Milpillas), in the State of Nayarit, Mexico, where Gainey owns and operates the mining concessions of approximately 15,000 Hectares. The agreement includes increased access to a large number of skilled and unskilled local workers, as well as heavy equipment at very attractive rates. This is the final community agreement relating to Gainey’s Mexican mining concessions and is a key step in supporting Gainey’s aggressive 2015 ore processing and exploration plans at its El Colomo gold and silver property, where 21 strongly mineralized bodies have already been identified.

Riverside Resources Inc. is pleased to announce that the Company has staked and is in the process of acquiring title to the 128 km2 Thor Copper Project in Sonora, Mexico. The Project was acquired as a part of funded alliance activities through the Company’s copper porphyry exploration alliance with a wholly owned subsidiary of Antofagasta plc.

Sierra Metals Inc. is pleased to announce a $9 million budgeted exploration program for 2015 to drill over 75,000 meters on its three operating mines in Peru and Mexico and over 4,000 meters on two exploration targets in Mexico.

Mexus Gold US announced today that the placer plant at the Julio Mine is now fully operational. The company will use the first few days to ensure that the wash plant and associated parts are optimized for maximum recovery. As stated in previous press releases, the company expects to recover 5 to 6 ounces of gold per day costing approximately $950. CEO Paul Thompson added, “We are very excited to announce the startup of the placer operation. Our Mine Superintendent, Diego Guillermo Baltazar Garcia, and his crew worked tirelessly over the last few weeks to bring this operation online. We are now focused on obtaining the blasting permit so we can begin the underground operation.”

Torex Gold Resources Inc. announces that construction activities at its El Limon Guajes Project are resuming in all areas, after being curtailed over the last few days, following a regional security incident and the associated protective / rescue response.

Agave Silver Corp. is pleased to announce that it has closed its previously announced sale of Agave’s interest in the Nuevo Milenio Property to Frank Lang and Ferdinand Holcapek via the sale of all of the securities of Cream Minerals de Mexico, S.A. de C.V. held by Agave. Cream Mexico holds all right and title to the mineral concessions comprising the Company’s Nuevo Milenio Property.

Timmins Gold Corp. is pleased to announce that recent diamond drilling at its flagship San Francisco Mine, Sonora state, Mexico, has confirmed the presence of at least three, high-grade, sub-parallel, gold bearing structures, all of which are located approximately 50-100 metres from surface along the south wall of the current open pit. Exploration information indicates that the lenses extend up to 300 m along strike and 200 m down dip. Select results include: 4.5 m averaging 5.5 g/t Au at 9 m downhole (TFD-153); and 3.0 m averaging 6.2 g/t Au at 6 m downhole (TFD-160).