Category: Exploration and Development

Almaden Minerals Ltd. is pleased to announce results from the first two holes of the 2013 drill program on the Company’s 100% owned El Cobre copper-gold porphyry project, Mexico. This new drilling was conducted on only one of the four porphyry targets identified over a 12 square kilometre area on the project. These new results continue to show the potential of the El Cobre project to host an economic copper-gold porphyry deposit.

The case arose in relation to an opportunity to purchase a silver mine in Mexico in 2006. In First Majestic Silver Corp. v. Davila, the Supreme Court of British Columbia ruled on April 24 in favour of First Majestic Silver against Hector Davila Santos and Minera Arroyo Del Agua, S.A. de C.V.

Citation Resources Inc. is pleased to announce the raising of $420,000 through the exercise of warrants prior to the expiration of all warrants on March 25, 2013. Citation has already satisfied its Biricu Project exploration expenditure requirements for calendar 2013 ($500,000) under its Option Agreement with Esperanza Resources Corp.

El Tigre Silver Corp. is pleased to report further assay results from the 2013 drilling program that was concluded on April 12, 2013. A total of 38 holes were completed and 4,862 metres drilled. This drill program is targeting a 1.2 kilometre stockwork zone on concessions that are part of the Company’s 431 square kilometre ownership in Sonora, Mexico.

Santo Mining Corporation, announced that on March 13, 2012 the Company entered into a definitive long-term license agreement with Campania Minera Los Angeles Del Desierto SA De CV (Mexico) to develop and mine its three metallic concessions located at Ocampo, Coahuila, Mexico, 45 miles south of the United States border. Pursuant to the 15 year Agreement, the Concessionaire will receive a 40% of any royalty from the Concessions and the Company will keep the remaining 60%. The Concessions total more than 7.27 square kilometers and have been assayed for Gold and Silver with impressive grades. Most entitlements are in place including the environmental permit.

Soltoro Ltd. has received the first year anniversary option payment of US $125,000 from Gold Reserve Inc. who has the right to earn an undivided 51% interest in Soltoro’s 100% owned La Tortuga property located in Jalisco State, Mexico.

Plata Latina Minerals Corporation is pleased to announce additional drill results from its most recent drill program on its Naranjillo and Vaquerias projects.

Bearing Resources Ltd. wishes to announce that further to the news releases dated November 28, 2012 and March 14th, 2013, that the Company’s agreement with Patriot Minefinders Ltd whereby Patriot could earn up to a 75% interest in the 13,400 hectare Kilometer 66 property located in Durango, Mexico has terminated. In addition the company has elected to terminate its underlying option agreement with the Mexican vendors as originally announced on March 12th 2012.

International Northair Mines Ltd. is pleased to announce that Focus Ventures Ltd. has reported to Northair that a drill program has commenced at the Company’s El Reventon silver-gold property, located in the State of Durango, Mexico.

First Majestic Silver Corp. is pleased to announce that the expansion that commenced at the La Guitarra Silver Mine in November 2012 is now complete. The processing plant’s capacity increased by 40% to 500 tpd from 350 tpd and commercial production is expected to reach 500 tpd during the month of May.