Category: Exploration and Development

Kootenay Silver Inc. is pleased to report that geologic modeling and a detailed drill hole analysis of over 40,000 meters of drilling that was completed at Promontorio’s NE Zone, SW Zone and Pit Zone has been finalized and forwarded to SRK Consulting Inc. of Lakewood, Colorado for preparation of the current updated NI 43-101 resource estimate.

Corex Gold Corp. is pleased to announce it has signed a letter agreement with Vale Exploration Canada Inc., a wholly-owned subsidiary of Vale S.A. wherein Vale may acquire up to interest of 65% in the Company’s Santana Project. The objective of this alliance is to further develop the Santana Property, in Sonora State, Mexico to expand the copper-gold porphyry target located approximately 80 km southwest of the world-class Mulatos district. The Corex claim block is situated along a trend of producing Mines in the Sierra Madre Occidental. Corex and Vale plan to commence drilling immediately upon execution of a definitive agreement.

New Results Include 24.10 Meters of 6.57 g/T Gold and 3.46 g/T Silver

Torex Gold Resources Inc. is pleased to announce that its wholly owned subsidiary, Minera Media Luna S.A. de C.V., has received the water concession required for the future operations of its proposed mine and mill at its Morelos Gold Project in Mexico. The permit was issued by the Ministry of Environment and Natural Resources (SEMARNAT), through its National Water Commission (CONAGUA) and provides for the annual use of up to five million cubic meters of water from an underground aquifer.

A peasant town in central Mexico has declared war on the world’s richest man, Carlos Slim, to prevent him from operating a gold and silver mine that threatens the environment.

International Northair Mines Ltd. is pleased to announce the results from six core holes completed in the San Gregorio Zone at its La Cigarra silver project, located in north central Mexico.

Mexus Gold US is a company engaged in the evaluation, acquisition, exploration, development and production of mining properties and conducts salvage operations for the recovery of precious metals.

McEwen Mining Inc. is pleased to announce exploration drill results from its 100% owned El Gallo Complex, in Sinaloa State, Mexico. Drilling has extended the known mineralized zones within the Phase 1 production area, where mine commissioning is underway (Fig. 1). The most impressive hole returned 1.1 gpt gold over 71.3 m, including 6.6 gpt gold over 4.9 m, which is believed to be the widest intersection of +1 gpt gold recorded at the property (Fig. 2 & 3).

Excellon Resources Inc. wishes to advise its stakeholders that the recent allegations against the Company by the Justice and Corporate Accountability Project, regarding the Company’s disclosure obligations are in all respects baseless and founded on false information.

MAG Silver Corp. is pleased to announce that exploration drill hole CM12-431 has intersected four distinct, closely spaced zones of massive sulphides ranging from 3.1 metres to 61.6 metres in thickness (See Diagram 1 and Table 1). These new discovery intercepts were drilled approximately 225 metres beneath the strongest mineralization previously drilled in the “Jose Manto-Bridge Zone” and show all of the hallmarks of the near-source part of the Carbonate Replacement Deposit system that MAG has been systematically seeking at Cinco de Mayo. The mineralization in the upper intercept of Hole CM12-431 is likely connected to the 4 kilometre long Bridge Zone-Jose Manto where high grade mineralization of lead, zinc and silver has previously been drilled.