Category: Exploration and Development

Almaden Minerals Ltd. is pleased to announce the results from Almaden’s 2013 Ixtaca Zone drill program at the Company’s 100% owned Tuligtic project, Mexico. The infill program, completed in December 2013, was designed to upgrade resources currently in the inferred category to the higher confidence measured and indicated categories. The holes announced today show the continuity and high grades of the Main Zone defined with previous drilling. Highlights from the holes released today include the following intercepts (a more complete list of intercepts is shown in the table below):

Corex Gold Corp. wishes to announce that it has received notice from Vale Explorationes Mexico, S.A. de C.V. that Vale is terminating its option on the Company’s Santana Property in Sonora Mexico effective as of January 31, 2014. The option was granted further to the Exploration Option Agreement made November 5, 2012.

Mexus Gold US today announced that it has completed the land acquisition and purchase of the San Felix Mine. The final piece was the purchase agreement finalized with the Ejido land owners which the San Felix concessions lay upon. CEO Paul Thompson has worked tirelessly over the last year consolidating this property and tying up all loose ends. Mr. Thompson explained, “Within a short time of forming the Mexus/Trinidad JV we learned there were property right issues on and around the San Felix mine. Those issues are now settled leaving Mexus Enterprise SA de CV in full control of the property and the rights that go along with that control.”

Orestone Mining Corp. is pleased to announce that it has signed a five year option agreement with Kootenay Silver Inc. to earn a 60-per-cent interest in the 700 hectare Estrella de Oro gold exploration property located in Sonora State, Mexico approximately 200 kilometers southeast of the city of Hermosillo.

McEwen Mining Inc. is pleased to announce that the Secretariat of Environment and Natural Resources (SEMARNAT) for the State of Sinaloa, Mexico, has approved the Company’s Change of Land Use application for El Gallo 2. This final environmental permit allows for the construction and operation of the proposed mine. El Gallo 2 is projected to produce an average of 95,000 gold eq. ounces per year (5.2 million ounces of silver and 6,100 ounces of gold) at an approximate cash cost of$750 per gold eq. ounce (including all pre-strip and Mexican royalties). All in sustaining costs have been estimated at approximately $800 per gold eq. ounce (including an estimated $5 million per year on exploration). Gold equivalent ounces are calculated by converting silver into gold using a 60:1 exchange ratio.

Fortuna Silver Mines Inc. is pleased to announce results for step-out drilling of the Trinidad North discovery located contiguous with the San Jose Mine in Oaxaca, Mexico. Assay results are presented for eight drill holes completed in the fourth quarter of 2013 confirming the continuation of the high-grade Trinidad North zone over a further 200 meter strike extension beyond the limits of existing Inferred Resources. The mineralization remains open to the north and to depth as well as vertically above the 1200 meter level.

Garibaldi Resources Corp. is pleased to provide an update on the first-ever diamond drilling program at its La Patilla Gold Property in Sinaloa State, Mexico, with the fifth hole of the shallow program currently in progress. Drilling started shortly before the Christmas break and resumed early this month.

Orestone Mining Corp. is pleased to announce that it has signed a five year option agreement with Kootenay Silver Inc. to earn a 60-per-cent interest in the 700 hectare Estrella de Oro gold exploration property located in Sonora State, Mexico approximately 200 kilometers southeast of the city of Hermosillo.

SOURCE EXPLORATION CORP. is pleased to announce the signing of a diamond drilling contract for commencement of its 2014 exploration program at the Las Minas property, Veracruz, State, Mexico. Source has contracted with K.D.L. Mexico S.A de C.V. for a minimum of 2,800 metres of drilling, scheduled to get underway in the fourth week of January. The main focus of the program will be on delineation of the higher-grade portions of skarn mineralization identified in earlier drilling at the Santa Cruz and Eldorado discovery areas, in preparation for an initial resource calculation on these zones.

Xtierra Inc. announces that following its recently announced US$500,000 short term financing the Company has prioritized all of its current resources on the completion of the economic study of its Bilbao project in Zacatecas, Mexico. A complete draft report is expected before the end of this month at which time the Company will review its future plans for Bilbao.