Category: Exploration and Development

Southern Silver Exploration Corp. reported today that Freeport-McMoRan Exploration Corporation has provided to Southern Silver $250,000 which was utilized to pay the November, 2013 periodic option payment to the optionor of the Cerro Las Minitas mineral concessions in Durango State, Mexico. To date $2.5 million has been paid from funds provided by Southern Silver and FMEC towards a total purchase price of $4 million with the balance payable as follows:

Goldgroup Mining Inc. is pleased to announce that it has completed the movement of its crushing system from the Company’s 100%-owned Cerro Colorado mine and has now completed installation at its 100%-owned Cerro Prieto project which is located approximately 200 kilometers away in Sonora State, Mexico.

Bacanora Minerals Ltd. is pleased to announce that it has received analytical results for alkali metals and alkali earth metals from drilling conducted on the El Sauz and Fleur concessions under joint venture with Rare Earth Minerals PLC. The additional analytical data is being used by the Company to declare new inferred resources for potassium, rubidium, cesium, magnesium and strontium within the resource previously estimated for lithium.

Animas Resources Ltd. has signed a letter of intent with GoGold Resources Inc. to sell the Santa Gertrudis Gold project to GoGold. GoGold is a TSX-listed Canadian-based mineral resource company currently putting the Parrall tailings project into production in Mexico, and capitalized with approximately $50 million in available cash.

Paramount Gold and Silver Corp. today announced that two core rigs have begun drilling on its 100%-owned San Miguel Project, Mexico. The main objectives for the program are to: (1) add resources at two new high priority exploration targets; (2) acquire material for further metallurgical testing of heap leach processing; and (3) upgrade inferred resources to measured and indicated.

Fortuna Silver Mines Inc. is pleased to announce assay results for the initial step-out drilling of the Trinidad North discovery located adjacent to the San Jose Mine in Oaxaca, Mexico. Three drill holes have been completed to-date with assay results currently being available for the first two drill holes, representing step-outs of approximately 80 and 150 meters from prior drill holes.

The two projects are located in the highly prospective Mexican silver belt. Microondas is an epithermal gold-silver prospect in Zacatecas State, 30 miles northwest of the Fresnillo silver mine, covering over 11,000 acres (about 17 square miles). Santo Domingo is a large copper – gold system in Durango State, 40 miles northeast of the Pitarilla silver property, situated within a 26,700 acre (41.7 square miles) claim block.

Freyja Resources Inc. announced today that it has begun the exploration program on its recently acquired Las Cristinas copper/silver project located in Northeastern Chihuahua State, Mexico. This important milestone comes on the heels of the recently completed acquisition of 100% of the shares of Cyprium Mining Corporation by Freyja on October 23, 2013.

Argentum Silver Corp. announces an Inferred Mineral Resource estimate under National Instrument 43-101 has been prepared on the El Tajo vein at the Coyote Silver Project in Jalisco, Mexico as part of an independent report prepared by Argentum’s consultants, GeoVector Management Inc.

Mr. George A. Brown, President of MacMillan Minerals Inc., is very pleased to announce that the Company has entered into a property option agreement with Minera Penasquito S.A. de C.V., the wholly-owned subsidiary of Goldcorp which operates the Penasquito mine in Zacatecas, Mexico. The Penasquito mine is located approximately 20 kilometres from the Cerro de Oro Project.