Category: Exploration and Development

Gold Resource Corporation today provided an update on the Switchback discovery drill highlights at its ElAguila Project in Mexico. Gold Resource Corporation is a gold and silver producer with operations in the southern state of Oaxaca, Mexico.The Company has returned over $95 million to shareholders in monthly dividends since declaring production July 1, 2010, and offers shareholders the option to convert their cash dividends into physical gold and silver and take delivery.

Morro Bay Resources Ltd. is pleased to announce drilling has commenced on the Penoles Project, an Epithermal Type Gold-Silver target in Mexico’s prolific Durango Silver Belt. The current 3,000 meter drilling campaign is targeted on expanding the mineralization area identified by previous drilling campaigns.

Assay results from 13 samples taken in the Northern Extension deliver results of up to 4.52% copper and 32.7 g/t silver. The 13 samples averaged 0.969% copper and 11.2 g/t silver. Northern Extension mineralized section length increased from 300 meters to 450 meters.

Riverside Resources Inc. is pleased to announce that the Company has staked and is in the process of acquiring title to the Compuerta Copper Project in Sonora, Mexico. The Project will now be advanced under the terms of the Company’s copper porphyry exploration alliance with a wholly owned subsidiary of Antofagasta plc. The Project is located 6 km south of the Washington Cu-Mo deposit and 75 km SW of the La Caridad Cu-Mo Mine, part of the most productive portion of the NW Mexico Laramide Copper Belt. Early results from initial rock chip sampling conducted by Riverside have returned up to 0.7% copper (Cu) from outcrops and the Company has received initial approvals from Antofagasta for additional funding to carry out further exploration and target definition at Compuerta, subject to execution of an earn-in and option agreement.

IMPACT Silver Corp. is pleased to announce results from the next seven drill holes at the San Juan Project, located 150 meters north of its producing Noche Buena Mine and four kilometers southwest of its 500-tonne-per-day Guadalupe Production Centre in central Mexico.

En el futuro, Zacatecas puede ser desarrollador, fabricante y exportador de maquinaria pesada de la minería, expresó el presidente del Clúster Minero de Zacatecas, Jaime Lomelín Guillen.

Frente a un escenario de bajos precios en los metales, Minera Frisco apostará por un crecimiento en los volúmenes de producción con sus nuevos proyectos.

Denunciaron organizaciones sociales que apoyan a los aborígenes de la sierra del norte de Jalisco y del este de Nayarit en su disputa por sus sitios sagrados del este, en San Luis Potosí.

La Secretaría de Desarrollo Rural, Sustentabilidad y Ordenamiento Territorial informó que elabora un estudio previo justificativo para analizar la factibilidad de declarar área natural protegida al municipio de Tetela de Ocampo, con 15 demarcaciones más; tal como han pedido los pobladores de la región para impedir las actividades mineras de la empresa Frisco del magnate Carlos Slim Helú.

Mammoth Resources Corp. is pleased to announce results from its recently completed, detailed mapping and sampling program (five by five metre grid spacing) at five select, large outcrops (measuring tens of square metres) located within the Los Carneritos target area (as recommended in the company’s recently posted Technical Report – refer to the company’s web site, “Projects” section, “Technical Reports”). Rocks sampled in these five areas included highly silicified, felsic volcanic and chaotic volcanic breccias with patches of vuggy silica which returned numerous high gold grades, including one exceptional sample, sample number 330952 which assayed 73.4 grams per tonne (g/t) gold from what is being called Draw Point 4 within the Carneritos area (refer to Technical Reports within the Projects section of the company’s web site at www.mammothresources.ca for a summary report on this program, including a table of complete assay results plus the various sample location maps listed below. Figure 1 – Draw Point Location Map, Carneritos Area, Tenoriba Project is both available in the report and attached to this press release).