Category: Exploration and Development

NWM Drills 1.03 g/t Au over 23.0 Meters from surface at Gold Ridge

NWM Mining Corporation is pleased to report on the progress of the air-track drilling program conducted on the Gold Ridge target at Lluvia de Oro. Located approximately 500 meters west of the Lluvia de Oro / Creston pit, Gold Ridge consists of a quartz porphyry / felsic volcanic unit with an exposed strike length of 1.4 kilometers and an approximate thickness of 200 meters. Initially defined by highly anomalous gold in soil geochemistry, wide spaced percussion drilling in 2011 and diamond core holes L11-066 and L11-067 confirmed the presence of gold near surface and at depth. In 2012, 20 percussion holes intersected gold mineralization along the east flank of Gold Ridge, expanding the lateral distribution of the gold mineralization while also identifying 3 target areas, the North, Central and South Zones for follow up drilling.

Production Commences at Catanava

Excalibur Resources Ltd. is pleased to announce that the explosives have been delivered to the site and startup production has commenced at surface on the Camino vein at its 49% owned subsidiary Minera Catanava S.A. de C.V. According to our JV partner, Don McLeroy, President of Minera Apolo, S.A. de C.V., “On the basis of two blasts and one shift per day, initial production is estimated at 40-60 tons per day. An adit on the Camino Vein has been started in the arroyo east of the plant. Once we are in the adit about 20 or 30 meters, we can put in a couple of raises and start shrinkage stoping, which will furnish enough ore for 3 shifts per day and then we will ramp up production from there.”

Excellon Provides Update on Demonstration at La Platosa

Excellon Resources Inc. today reported that an illegal demonstration was held at the Company’s La Platosa Mine in the state of Durango, Mexico by members of the Sindicato Nacional de Trabajadores Mineros Metalúrgicos, Siderúrgicos y Similares de la República Mexicana, affiliated with the United Steelworkers Union, along with members of the Ejido La Sierrita, both of which are advised by the non-governmental organization ProDESC.

Cayden Commences Drilling at the La Magnetita East Target

Cayden Resources Inc. is pleased to announce that it has commenced drilling on its La Magnetita East target at the Morelos Sur Gold property, Guerrero State, Mexico. The drilling will initially consist of 4,000 to 5,000 meters of core drilling in order to test the highly mineralized four square kilometer heart of the +500 ppb gold in soil anomaly.

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