Category: Exploration and Development

Canasil Resources Inc. announces that the exploration program at the Salamandra silver-zinc-copper project in Durango State, Mexico, continues to indicate the potential for a buried intrusive and carbonate hosted massive sulphide skarn/manto replacement system. Significant silver-zinc intercepts from prior drilling, results of both airborne and surface geophysical surveys, discovery of a high grade silver-copper-zinc vein outcrop, and widespread silver-copper-lead-zinc-arsenic-antimony geochemical anomalies observed in the 2011/2012 surface sampling programs indicate the potential for a large silver-zinc-copper mineralized system at the Salamandra project. The project geology and results from the exploration program to date show similarities to the San Martin mine located 80 km to the southeast of the project area, which is one of the largest silver – base metal mines in Mexico. A plan view of the project showing the previous 3D-IP geophysical and ZTEM airborne survey areas, past drill program and areas of surface geochemical anomalies is attached below, together with a conceptual section model of the potential mineralized system for reference.

Vane Minerals revealed changes to its Mexican partnership and announced what it said were satisfactory production figures from the Diablito mine.

Alliance Mining Corp. is pleased to announce that it has signed a binding Letter of Intent with a private Canadian company to acquire 22 mineral claims totaling nearly 50 square kilometres (4,872 hectares) primarily in the Uruachic district of northwestern Mexico. The land package puts Alliance in the heart of a prolific gold exploration area and includes the closest privately held claims, within four kilometres, to Fresnillo PLC’s important Orisyvo discovery (www.fresnilloplc.com). Fresnillo is the second-largest gold producer in Mexico and the world’s largest primary silver producer.

Paramount Gold and Silver Corp. today announced it has received final confirmation from CONAGUA, a division of SERMANAT, Mexico’s Environmental and Natural Resources Ministry, granting Paramount permanent rights to 995,000 cubic meters of water per year for its San Miguel Project, equivalent to 31.6 liters per second. Paramount conducted pumping tests to determine that this extraction rate would not affect phreatic levels in the surrounding area.

Avino Silver and Gold Mines Ltd. is pleased to provide the following update of activities at its San Gonzalo Mine 80 km North East of Durango, Mexico.

Victory Resources Corp. is pleased to provide an update on the current drill program on the La Reforma property as well as metallurgical testing of bulk samples from the Matanza and the Altamira tailings ponds.

La denuncia repercute en México a través del diario Reforma: grupos de narcotraficantes gestionan la explotación de minas de carbón en e l estado de Coahuila con el apoyo de tres empresas que los ayudan a lavar dinero. Casualmente en estos días las tres empresas mineras más grandes de México (una de ellas propiedad de Carlos Slim) anunciaron inversiones multimillonarias en el sector.

Las tres mayores empresas mineras con capital mexicano, Grupo México, Industrias Peñoles y Frisco, anunciaron que invertirán 6,715 millones de dólares en el 2012 y el 2013, manteniéndose en sus máximos niveles históricos en ese rubro.

Focus Ventures Ltd. is pleased to announce assays from initial channel sampling at its Reventon property within the Santa Cruz project. Prospecting and sampling has confirmed high-grade silver mineralization associated with multiple zones of hydrothermal breccias in areas of strongly anomalous silver-in-soil geochemistry.

Yale Resources Ltd. is pleased to report that a phase one work program performed on behalf of the optionee Overlord Capital Corp. has successfully confirmed multiple gold-silver soil anomalies as well as a trench over 25 metres averaging 0.67 g/t gold within the Orofino Project, located in Sonora State, Mexico.