Category: Exploration and Development

Oroco Announces Commencement of Exploration at its Xochipala Project

Oroco Resource Corp. is pleased to announce the commencement of an exploration program on its Xochipala Project in Guerrero State, Mexico. The project is located at the southern end of a gold rich district in Mexico called the Guerrero Gold Belt. To date more than 19 million ounces of NI 43-101 compliant gold resources in all categories have been reported, including Los Filos (goldcorp inc.:13.58 million ounces gold proven)(goldcorp inc.:probable)(goldcorp inc.:measured)(goldcorp inc.:indicated)(goldcorp inc.:and inferred as at 2011); El Limon and Los Guajes (torex gold resources inc.:5.44 million ounces gold measured)(torex gold resources inc.:indicated and inferred ounces as at September)(torex gold resources inc.:2012); and Ana Paula (newstrike capital inc.:currently estimating its resource). The Xochipala Property is the last remaining under-explored target in the GGB that has geological characteristics similar to the known deposits, including the existence of a strong magnetic signature and extensive areas of alteration associated with the contact between intrusives and sediments.

Minera San Jorge S.A. de C.V. Clarifies, it has No Ownership of Cinco Minas or Gran Cabrera Mineral Concessions

Minera San Jorge S.A. de C.V. has issued a statement regarding the ownership of Cinco Minas and Gran Cabrera. MSJ wants to make public the fact that the Company no longer has an ownership interest in either Cinco Minas or Gran Cabrera, two mineral properties located in Jalisco, Mexico. MSJ was removed from the mineral rights ownership of these two properties due to a labor dispute and is now owned by a non-related third party company.

Carmen Gold Project Site Construction Underway, Sonora Mexico

Silver Scott Mines, Inc. is pleased to announce the initiation of construction at the Carmen mine and processing site. Construction with heavy equipment has been focused working there for about 2 weeks preparing leach pad and ponds. Additionally, the Merrill-Crowe gold silver recovery plant and other plant equipment has been moved to the site ready for set-up.

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