Category: Exploration and Development

Mexus Gold US is a company engaged in the evaluation, acquisition, exploration, development and production of mining properties and conducts salvage operations for the recovery of precious metals.

International Northair Mines Ltd. is pleased to announce assay results from seven additional core holes completed in the Las Carolinas Zone at its La Cigarra silver project, located in north central Mexico. This latest round of drilling is designed to tighten drill spacing in key areas important for the successful completion of the Company’s ongoing resource study.

In the front room of Avigahil Vasquez’s Sanchez home in San Jose del Progreso, she’s installed half a dozen little phone booths used by town residents who have no phone of their own. Outside the windows above the telephones, the tree-lined street leads out to fields at the foot of cloud-topped hills. San Jose, at the edge of a valley an hour south of Oaxaca’s capital city, is a pretty town.

Paramount Gold and Silver Corp. today reported results from 18 new core holes drilled in the ongoing exploration of its 100%-owned San Miguel Project in northern Mexico. Of the 18 new holes, 15 returned good silver grades including 18 intercepts greater than I oz. of silver per tonne. These holes were completed after the San Miguel resource update by MDA and they are likely to increase the overall size and quality of the project’s resource.

Mexico-focused gold producer Gold Resource Corporation says it has reached a settlement in a dispute with its concentrate buyer.

Orko Silver Corp. is pleased to announce that it has filed a technical report prepared in accordance with National Instrument 43-101 in support of the Company’s September 20, 2012, news release, which included an updated mineral resource estimate for its La Preciosa Silver Project in Durango, Mexico.

Mexican-focused Azure Minerals Limited is pleased to announce that it has commenced a 3,500 metre, 23 hole diamond drilling program on its Promontorio Project, located in the state of Chihuahua, Mexico.

Sierra Madre Developments Inc. Further to the Company’s press release dated October 16, 2012, the Company advises its proposed $750,000 private placement to issue units at $0.03 per unit has not been accepted by the TSX Venture Exchange as fitting within the TSXV temporary hardship pricing policy. As a result, the Company intends to raise up to $750,000 through the distribution of up to 15,000,000 units at $0.05 per unit, on a post-consolidated basis.

Kootenay Silver Inc. is pleased to announce that, further to its press release dated October 31, 2012, announcing that the Company had closed a fully subscribed, $8,253,000 brokered private placement financing, it has secured drilling contracts and has begun mobilizing drill rigs to commence a major, multi-phase, 30,000 meter drill and resource expansion program on its flagship Promontorio Silver Project in Sonora, Mexico. The upcoming drill and resource expansion program is expected to employ up to five drill rigs at full capacity, representing the single largest drilling campaign conducted on the Promontorio project to date.

Source Exploration Corp. is pleased to report that it has begun an important ground-based magnetic geophysical survey over the central part of its concessions at the Las Minas property, State of Veracruz, Mexico. The area targeted by the survey measures approximately 5.5 kilometres by 2.5 kilometres and includes the recently reported high-grade Santa Cruz discovery area. Drilling at Santa Cruz returned several high-grade intersections, including 15.89 g/t/t Au, 12.98 g/t Ag and 2.25% Cu over 10 m (see press release dated January 26, 2012) and 7.90 g/t Au, 14.9 g/t Ag and 1.68% Cu over 2.0 metres (see press release dated October 18, 2012).