Category: Exploration and Development

Prospero Silver Corp. is pleased to announce that it has signed option agreements enabling it to earn 100% of two additional claims, Sucara (71.53 hectares) and Dos Amigos (90.39 hectares), within the northern Cebollas target area of the Baborigame district. With these agreements in place the Baborigame district claim block is essentially 100% controlled and covers all exploration targets identified in the project area. Drilling is anticipated to commence in February.

Alamos Gold Inc. announced today that it has reviewed the Director”s Circular issued by Aurizon Mines Ltd. on January 23, 2013 in response to the offer by Alamos to purchase all of the outstanding common shares of Aurizon.

Silver Bull Resources, Inc. is pleased to announce the drill results for the second of five batches of drill holes from the underground drill program twinning a series of “long holes” in the high grade zinc zone situated below and adjacent to the high grade silver zone, located at the eastern end of the Shallow Silver Zone on the Sierra Mojada Project in Coahuila, Northern Mexico.

Fortuna Silver Mines Inc. is pleased to announce that Compania Minera Cuzcatlan S.A. de C.V. (wholly owned subsidiary of Fortuna Silver Mines Inc.) and Plata Pan American S.A. de C.V. (wholly owned subsidiary of Pan American Silver Corp.) have entered into an acquisition and option agreement for the 6,254 hectare Taviche Oeste Concessions immediately surrounding the San Jose Mine in Oaxaca, Mexico. Cuzcatlan will purchase a 55% undivided interest in the Taviche Oeste Concessions for a cash payment of US$4.0 million. Once a production decision is made to develop ore from the Taviche Oeste Concessions, Cuzcatlan will purchase the remaining 45% undivided interest in the property for US$6.0 million. Plata Pan American will retain a 2.5% net smelter royalty on ore production from this property. The transaction is expected to close January 30th 2013.

Aurcana Corporation is pleased to report the results of the La Negra Mine 2012 underground drill program for drill holes that were not associated with the 43-101 Resource Estimate Report released on October 11, 2012.

Canasil Resources Inc. announces that MAG Silver Corp. has reported drill results from the recently completed Phase 2 drill program at Canasil’s La Esperanza silver-lead-zinc project in Durango and Zacatecas States, Mexico. 12 diamond drill holes were completed for a total of 3,049.50 metres – 9 drill holes on 5 sections along a total strike length of 835 metres to test the Fatima vein and 3 drill holes on 2 sections 350 metres apart to test the San Pascual vein, both located in the northwest of the project area.

Evrim Resources Corp. is pleased to announce that it has acquired the Llano del Nogal project in Sonora, Mexico. Llano de Nogal is an early stage target covering 104 square kilometres of ground prospective for copper-molybdenum-gold porphyry deposits and epithermal gold and silver deposits. The project was identified through the Company’s generative programs and acquired through staking. The property is favorably situated in the prolific Cananea-La Caridad Porphyry Belt, and represents one of the few relatively untested targets in the trend.

DynaResource, Inc. and its affiliate DynaResource de Mexico SA de C.V., the 100% owner of the San Jose de Gracia Project in Sinaloa State, Mexico announce that they filed on December 27, 2012, an Original Petition and Application for Temporary Injunction and Permanent Injunction in the District Court of Dallas, Texas against Defendants Goldgroup Mining Inc., Goldgroup Resources Inc., and certain individuals acting in concert with the two Goldgroup companies.

Prospero Silver Corp. is pleased to announce that it has signed option agreements enabling it to earn 100% of two additional claims, Sucara (71.53 hectares) and Dos Amigos (90.39 hectares), within the northern Cebollas target area of the Baborigame district. With these agreements in place the Baborigame district claim block is essentially 100% controlled and covers all exploration targets identified in the project area. Drilling is anticipated to commence in February.

Goldgroup Mining Inc. today dismissed as totally without merit a lawsuit filed against it and others in Dallas County District Court by DynaResource, Inc. and DynaResource de Mexico, S.A. de C.V.