Category: Exploration and Development

Canasil Resources Inc. announces that MAG Silver Corp. has defined drill targets and proposed an initial 3,000 meter diamond drill program at Canasil’s Salamandra silver-copper-zinc-lead project in Durango State, Mexico. The required drill permits are in hand and the drill program is planned to start after preparation of drill access roads and drill pads, within the next three to four weeks. MAG and Canasil entered into a binding Letter Agreement on May 27, 2013, providing for MAG to earn up to a 70% interest in the Salamandra project.

Garibaldi Resources Corp. is pleased to report that drilling has resumed at the Locust target, part of the Company’s large Tonichi Project in Sonora State, Mexico, to immediately follow up on the discovery of an important mineralized intercept in drill hole MAR-13-02 that may be indicative of a Au-Cu porphyry system. Drilling to date at Locust (2745 meters in 16 widely-spaced holes) has outlined a broad envelope of near-surface mineralization that measures at least 5 km along trend and 1-2 km across.

Prospero Silver Corp. is pleased to announce that its JV partner Silver Standard Resources, Inc. has commenced a 4,000 meter diamond drill program with two rigs in the San Luis Cordero project located in central Durango. This initial program is aimed at multiple targets including the extension at depth of the Santa Rosa mineralized zone, the extension to the northwest of the Santa Rosa trend, the chargeability anomaly under the limestone plateau located in the western zone, new vein targets north of and parallel to the Santa Rosa vein, the extension to the east of the Santa Rosa skarn zone, new targets defined by an IP survey and geochemistry in the eastern La Puerta target zone, and an additional hole in the high zinc Canal target zone.

Riverside Resources Inc. is pleased to announce that Riverside Resources Inc. has signed a binding Letter Agreement with Argonaut Gold Inc. to acquire an undivided 100% interest in the Bohemia, Texson, and Cien gold projects located in the prolific Sonora Megashear Gold Belt. The Bohemia project is of particular interest as high-grade gold has been observed in veins, stockwork, and wall rocks, with 27% of Riverside’s 142 field-check rock chip samples grading greater than 1 g/t Au and up to 20.3 g/t Au. Bohemia is located 15 km northwest of the past producing La Choya Mine, which is now being redeveloped by Penoles, and in the same mineralized belt as the multi-million-ounce deposits in the Herradura, Noche Buena, and Soledad-Dipolos Mines operated by Penoles-Newmont. Further information on all of the acquired Properties can be found in the Property Details section below.

Paramount Gold and Silver Corp. today announced that newmetallurgical tests on its 100%-owned San Miguel Project by theMcClelland metallurgical laboratory in Reno, Nevada confirm thepotential for an economic recovery of precious metals at two of SanMiguel’s open pit deposits using inexpensive heap leach technologies.

Silver Standard Resources Inc. announces that it has entered into a definitive agreement with Argonaut Gold Inc. to sell 100% of its San Agustin project in Durango, Mexico for an aggregate consideration of approximately $75 million. Argonaut is a U.S.-based company listed on the Toronto Stock Exchange.

Argonaut Gold Inc. is pleased to announce they have signed an agreement pursuant to which the Company will acquire the San Agustin project, located 10 kilometers from the their El Castillo project in Durango, Mexico, from Silver Standard Resources.

Highvista Gold Inc. is pleased to provide an update on recent events at its Canasta Dorada project in Sonora State, Mexico.

Gold Resource Corporation today announced it has commissioned the second ball mill at its El Aguila Mill’s flotation circuit. Gold Resource Corporation is a gold and silver producer with operations in the southern state of Oaxaca, Mexico. The Company has returned over $91 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.

Rare Earth Minerals PLC is pleased to announce a potentially significant development in the advancement of the Sonora Lithium Project in northern Mexico, of which REM has a 30% direct interest in the Fleur-El Sauz Concessions of the Project and an economic interest of 31.5% due to REM’s direct 2.2% shareholding in Bacanora Minerals Ltd. Bacanora has released the results of the preliminary metallurgical testing, the full text of which follows at the end of this announcement.