Category: Exploration and Development

Torex Gold Resources Inc. is pleased to announce a National Instrument 43-101 compliant inferred mineral resource estimate of 5.84 million gold equivalent ounces, including 3.3 million ounces of gold, at its Media Luna Project in Mexico. The average resource grade is 4.55 g/t Au Eq. (Au – 2.63 g/t, Ag – 24.46 g/t, Cu – 0.97%) at a 2.0 g/t Au Eq. cutoff grade. The resource is contained within a single, continuous, strongly mineralized system, which remains open in several directions.

Avino Silver and Gold Mines Ltd. today announced that it has now drifted along the San Gonzalo vein for over 200 metres to the northwest and 220 metres southeast of the main crosscut across from the ramp on level 5. The San Gonzalo Mine is located on the Avino property 80 km North East of Durango, Mexico.

Focus Ventures Ltd. announces results from its Reventon project in Mexico. Focus’ subsidiary, Minera Oro Pacific S.A. de C.V., holds an option agreement covering Reventon with Grupo Northair de Mexico S.A. de C.V., a subsidiary of International Northair Mines Ltd.

Bacanora Minerals Inc. is pleased to announce that it has agreed with its joint venture partner, Rare Earth Minerals PLC, to a Stage 2 exploration and drilling program on the El Sauz, Fleur and new staked concessions which form a part of the Sonora Lithium Project in northern Mexico.

Alta Vista Ventures Ltd. is pleased to announce that it has assigned an open ended term of exclusivity for its wholly owned Orofino Property located in Sonora State, Mexico to Argonaut Gold Inc.

Chesapeake Gold Corp. wishes to report on the 2013 activities and related developments going forward on its 100% owned Metates gold-silver project located in Durango State, Mexico. Based on the NI 43-101 Pre-Feasibility Study Technical Report dated March 18, 2013 (available on the Company’s website or at SEDAR), Metates hosts proven and probable reserves of 18.5 million ounces of gold and 526 million ounces of silver, making it one of the largest known undeveloped gold and silver deposits in the world. The pre-feasibility study (“PFS”) also indicates that once in operation, Metates could produce an average of 659,000 ounces gold and 15.9 million ounces silver annually over a 25 year mine life at projected cash costs of $493 per ounce of gold equivalent, net of zinc credits.

AuRico Gold Inc. is pleased to provide an update on its exploration program at the El Chanate mine located in Sonora, Mexico. The objective of the 2013 program is to further delineate mineralization within the existing open pit and expand the known mineralization along the Chanate trend in order to potentially convert this mineralization into mineral resources.

Santacruz Silver Mining Ltd. reports that the new access to Rosario I and II veins (lower and upper vein respectively) is now contributing to its milling throughput at the Rosario mine.

NWM Mining Corporation is pleased to provide an update on the recent Phase 1 in-fill drilling programs at the company’s Lluvia de Oro deposit. The Creston pit has been the source of essentially all the ore mined to date at the Lluvia de Oro site until the recent initiation of mining operations at the Company’s new Gold Ridge deposit in Q2-2013.

Brigadier Gold Limited is pleased to announce that it has entered into a Letter of Agreement with Santa Fe Metals Corp. that sets out the terms and conditions with which Brigadier will acquire a 100% undivided right, title and interest in the Cuatro Ciénegas mineral property in Mexico.