Category: Exploration and Development

Torex Gold Resources Inc. is pleased to report the last batch of results from its resource drilling program at its Media Luna target in Mexico. The program has continued to intersect high grade Au-Ag-Cu mineralization over significant widths, and remains open to the north, west and south of the Media Luna magnetic anomaly. Highlight intercepts include, in the West Zone, 11.56 g/t Au eq. over 19.9m in borehole WZML-47; 10.55 g/t Au eq. over 17.3m in borehole WZML-52; 5.34 g/t Au eq. over 24.0m in borehole WZML-08 and 7.98 g/t Au eq. over 8.6m in borehole WZML-48.

Bacanora Minerals Ltd. is pleased to announce that it has received the analytical results from the last 6 holes of the 10 hole, 1,476 metre drill program on the Fleur and El Sauz concessions in northern Mexico. The two concessions form the lands under joint venture with Rare Earth Minerals PLC. Significant lithium-bearing intervals were intersected in all of the drill holes. The averaged values for these intercepts are listed below.

Paramount Gold and Silver Corp. today reported additional positive results from two core holes recently drilled to test the depth extension of the Don Ese vein structure on its 100%-owned San Miguel Project in northern Mexico.

Exeter Resource Corporation is pleased to announce additional and final results from the Phase One exploration drill campaign at the Angeles property in northern Sonora state, Mexico.

Prospero Silver Corp. is pleased to report the results of a 4,103 meter reverse circulation 16 drill hole program carried out by joint venture partner Minera Hochschild Mexico, SA de CV at its Baborigame project in southwestern Chihuahua state, Mexico.

Orex Minerals Inc. is pleased to announce that the results from additional trench channel sampling along a 380 metres strike-length of the Impulsora structure have been received on the Coneto Gold-Silver Project in Durango, Mexico. A technical committee, with representation of Orex and its project partner Fresnillo plc, is managing the Coneto exploration program.

San Marco Resources Inc. is pleased to announce additional and final results from the Company’s Phase I exploration drill campaign at the Angeles property in northern Sonora state, Mexico.

McEwen Mining Inc. is pleased to announce core drill results from its new Twin Domes discovery, including 9.7 gpt gold over 10.3 meters and 5.0 gpt gold over 16.8 meters. These results are a follow-up to the discovery holes announced in April, which intersected 8.8 gpt gold over 9.7 meters and 9.8 gpt gold over 4.6 meters, in addition to a trench that returned 20.9 gpt gold over 12.7 meters. The Company believes Twin Domes is attractive due to its higher gold grades and its close proximity to the Company’s process plant.

Tenaris S.A., Ternium S.A. and Tecpetrol International S.A. announced today that they have entered into a memorandum of understanding to jointly build and operate a natural gas-fired combined cycle electric power plant in Mexico, which would supply Tenaris’s and Ternium’s respective Mexican industrial facilities. Together, both companies are one of the largest private energy consumers in Mexico. Tecpetrol is a wholly-owned subsidiary of San Faustin S.A., the controlling shareholder of both Tenaris and Ternium.

Amarium Technologies Inc. released today that it has initiated an exploration program at their Jovita Mine. The initial phase of exploration at Jovita will be to expand their current trenching program along the Northwest corridor of the property. The Jovita Mine is a producing copper mine in Michoacán, Mexico with a 40 ton-per-day (tpd) flotation mill located on the property.