Category: Exploration and Development

Gold Resource Corporation today announced high-grade mineralization at its Las Margaritas property with drill intercepts including 2.85 meters of 27.90 grams (0.89 ounces) per tonne gold and 2600 grams (84 ounces) per tonne silver. Gold Resource Corporation is a low-cost gold and silver producer with operations in the southern state of Oaxaca, Mexico. The Company has returned over $69 million to shareholders in monthly dividends since declaring commercial production July 1, 2010, and offers shareholders the option to convert their cash dividends into physical gold and silver.

Sierra Iron Ore Corp. in conjunction with “Aztec Zinc de Mexico S.A. de C.V” has initiated legal action against a neighboring company that owns and operates a mine on adjacent property to the recently optioned Mazomique property that is located south of the El Creston property.

Corex Gold Corp. shareholders at the Extraordinary General Meeting convened earlier today voted to support the approval of the previously announced (November 6, 2012) Option Agreement with Vale Exploraciones Mexico S.A. de C.V., a wholly-owned subsidiary of Vale S.A. wherein Vale may acquire up to a 65% interest in the Company’s Santana Project.

Silver Standard Resources Inc. announced 2012 production at the Pirquitas mine in Jujuy, Argentina and provided production and cost guidance for 2013.

Alamos Gold Inc. today reported record fourth quarter and annual gold production, achieving its production guidance for the year of 200,000 ounces of gold. The Company also provided guidance on 2013 production and operating, development and exploration budgets.

San Marco Resources Inc. has received notification from Patriot Minefinders Inc. that they will not be proceeding with the La Buena property option.

Catalyst Copper Corp. announces that it has provided Minera Torre de Oro SA de CV, a Mexican subsidiary of Teck Resources Limited, Notice that it has incurred +US$10 million of Expenditures and completed the required Work Commitments in accordance with the agreement, dated December 21, 2009, between Teck and Minera Hill 29 SA de CV (Catalyst’s wholly owned Mexican subsidiary).

Lone Star Gold, Inc. is pleased to announce the effectiveness of its Form S-1 dated December 20, 2012, which outlines the details of the Company’s $15 million common-stock-purchase investment agreement with Deer Valley Management, LLC.

Bacanora Minerals Ltd. announces a correction to the Internal Rate of Return (“IRR”) calculation reported in connection with its announcement of the results of its Preliminary Economic Assessment on the Company’s Cajon Borate deposit in Sonora, Mexico. On Friday, January 4, 2013, Bacanora issued a press release announcing the PEA with a Net Present Value for the Cajon project of $US113 million, discounted at 8%. In that announcement, the Company erroneously reported an IRR calculation of 248.5%, which should have read 24.8%. The balance of the information reported remains unchanged. For further details, please refer to the Company’s press release of January 4, 2013. The highlights of the PEA are reiterated below for the benefit of readers.

Avino Silver & Gold Mines Ltd. is pleased to announce the following December production results from its San Gonzalo mine operation located on the Avino property near Durango, Mexico.