Category: Exploration and Development

Highvista Gold Inc. is pleased to report that it has commenced its third drill program at its Republicana gold/silver discovery on the Company’s 100% owned Canasta Dorada Project located in the Sonoran Gold Belt, in Sonora State, Mexico.

Bacanora Minerals Ltd. is pleased to announce it has executed a farm-in agreement with Rare Earth Minerals Plc, a London Stock Exchange listed company, to participate in drilling and project evaluation of the El Sauz and Fleur Lithium concessions in northern Mexico. El Sauz and Fleur are adjacent to and along strike from the La Ventana concession. The Company’s latest inferred lithium resource estimate for Ventana (see Bacanora’s Preliminary Economic Assessment for Ventana dated January 24, 2013, as previously disclosed in the Company’s news release dated January 25, 2013) is 60 million tonnes believed to contain 930,000 tonnes of Lithium Carbonate Equivalent (“LCE”) averaging 3,000 ppm Li (1.6% LCE).

Source Exploration Corp. announces results of ground based magnetic and Induced Polarization geophysical surveys undertaken by Geofisica TMC SA de CV at its Las Minas project located in Veracruz State, Mexico.

The shadowy case of two men, reportedly the CEO and CFO of U.S.-based exploration firm Southridge Minerals, found dead in a river in Mexico, seems likely to be linked to an elaborate scam, says Duncan Tucker, a British journalist based in the Latin American country.

The agreement was entered into on March 3rd, 2010 between the Company’s Mexican subsidiary, VicRes Mining Mexico S.A. de C.V., and collectively, Aztec Zinc de Mexico S.A. de C.V. and Copper Canyon S.A. de C.V. The terms of the Agreement included a schedule of payments and work programs to earn its 70% interest. The Company successfully completed the terms by paying to the Owners $300,000 and issuing a total of 14,000,000 common shares. The Company was also required to conduct work programs aggregating $2,500,000. As part of the terms of the agreement, the company will now proceed to enter into a joint venture agreement reflecting the 70% undivided interest of the Reforma property.

Coeur d’Alene Mines Corp offered to buy Orko Silver Corp, topping a bid from First Majestic Silver Corp and opening a race for control of one of the world’s largest undeveloped silver deposits.

International Northair Mines Ltd. is pleased to provide a review summarizing the project and corporate highlights completed by the Company on its La Cigarra silver project, located in north central Mexico. Also included is a timeline outlining key objectives of the Company’s Strategic Plan for the current 2013 calendar year.

Coeur d’Alene Mines Corporation today confirmed that it has submitted a binding proposal to acquire all of the issued and outstanding common shares of Orko Silver Corp. in a transaction with a total value of approximately CAD$384 million. Orko today announced that its Board of Directors has unanimously determined, after receiving the advice of its financial and legal advisors, that Coeur’s Proposal constitutes a “Superior Proposal” pursuant to its arrangement agreement with First Majestic Silver Corporation. Orko has provided notice of such determination to First Majestic. Orko also announced that under the arrangement agreement, First Majestic now has five business days, expiring at 11:59 p.m. PST on Tuesday, February 19, 2013, to offer to amend the terms of that agreement to match Coeur’s Proposal, failing which Orko will terminate the arrangement agreement with First Majestic and enter into a definitive agreement with Coeur reflecting Coeur’s Proposal.

Two men, reportedly the CEO and CFO of U.S.-based exploration firm Southridge Minerals have been found dead in a river in Mexico, local press reports.

Minera San Jorge S.A. de C.V. expresses it has acquired the Cinco Minas Mine property operations and other mining properties of Southridge Enterprises Inc. President of Minera San Jorge, Jaime Arturo Anaya Trejo, represented that acquisition was signatured on February 11, 2013, and that purchase details in planning for another writing of events.