Category: Exploration and Development

VVC Exploration Corporation is pleased to announce the commencement of 1,000 meters of reverse circulation drilling on the Cumeral Property located 70 km to the south of the US border, in Sonora State, Mexico. Drilling One mobilized a drill rig onto Cumeral last week from its regional office in Cuauhtemoc, Chihuahua, Mexico, following the issuance by the Mexican Department of Natural Resources and Environment of the required drilling permit.

Primero Mining Corp. is pleased to announce the successful completion of the previously announced scheme of arrangement under the Australian Corporations Act 2001, whereby Primero has acquired all of the issued and outstanding ordinary shares of Cerro Resources NL. Cerro’s principal asset is 69%1 of the feasibility stage Cerro del Gallo project, a gold-silver deposit with approximately 1.0 million ounces of gold equivalent proven and probable reserves and 2.3 million ounces of gold equivalent measured and indicated resources (inclusive of reserves)2, located in the province of Guanajuato, Mexico. As of today, and including the 17,983,956 Primero common shares issued as consideration under the Arrangement to the former shareholders of Cerro, Primero has 115,419,578 common shares issued and outstanding. An additional 866,525 common shares have been reserved for issuance in connection with new Primero options issued to the former option holders of Cerro pursuant to the Arrangement.

Scorpio Mining Corporation reports on the new mineral reserve estimate for the Nuestra Señora deposit and Preliminary Economic Assessment for the Nuestra Señora, El Cajón and San Rafael deposits by Mine Development Associates of Reno, Nevada.

Fortuna Silver Mines Inc. is pleased to report continued success in the exploration drilling at the Trinidad North discovery at the San Jose Mine in Mexico. Drilling continues to intercept high-grade silver-gold mineralization over wide widths with the mineralization remaining open to the north and to depth.

The placer operations at the Santa Elena project continue to proceed with production and evaluation of various geological areas of interest. Paul Thompson, president of Mexus Gold US, stated that “While Mexus Gold Mining awaits final approval of its environmental permits, we are not wasting any time, we are moving ahead with the design and engineering of a Merrill-Crowe recovery plant”. To this extent, Mexus has purchased some of the key components for the planned expansion of the operations. Mr. Thompson went on to say that “Mexus is pleased with the progress of the permitting process by the Mexican authorities responsible for the approval of the permits”.

Primero Mining Corp. is pleased to announce results of recent drilling at its San Dimas mine in Mexico. Results indicate that the Victoria vein, discovered in 2012, extends into an adjacent ore block and that the Alexa vein, also discovered in 2012, continues west. These discoveries support the Company’s belief that this region has become a new nucleus of high-grade gold and silver mineralization capable of supporting future mining at the San Dimas mine.

Oceanus Resources Corporation announces that further to its press release of April 18, 2013, MPX Geophysics of Markham Ontario has completed 605 line kilometer Helicopter Magnetometer and Gamma Spectrometer on the La Lajita property covering over 3,200 hectares in Durango, Mexico.

Colibri Resource Corporation is pleased to provide an update of exploration activities at the 6418.5 hectare Colibri Gold Project near the town of Caborca in Sonora, Mexico. In March of 2011, Colibri entered into an option and joint venture agreement with Agnico Eagle Mines Ltd. Please refer to Company news release dated March 2, 2011 for details. AEM refers to the project as the Pitaya Project.

NSX Silver Inc. is pleased to announce initial results from its ongoing detailed mapping and sampling program on the Santa Rosalita and La Prieta zones located on the Piedras del Norte and Oso Blanco 1 mining concessions. These two concessions along with the Oso Blanco 2 concession are 100% owned by the Company and comprise approximately 6,000 hectares of highly prospective ground in the vicinity of the Dios Padre Project.

McEwen Mining Inc. is pleased to announce that the Company will be expanding the El Gallo 1 Mine in Sinaloa, Mexico. The Company expects this expansion will significantly increase gold production for a small amount of capital.