Category: Exploration and Development

Goldgroup Announces Additional Diamond Drill Holes at Caballo Blanco Project Yielding Significant Gold Intercepts

Goldgroup Mining Inc. is pleased to announce that additional diamond drill holes at its Caballo Blanco gold project in Veracruz, Mexico have yielded significant gold intercepts, expanding the La Paila oxide gold zone to the west and southwest. All ten drill holes reported below (see Tables 1 and 2 and the drill hole location map) are part of the ongoing drill program to define and to expand the southwestern flank of the La Paila gold zone as the zone currently remains open in this direction.

War Eagle Corporate Update

War Eagle Mining Company Inc. is pleased to report that its shareholders approved all of the resolutions proposed at War Eagle’s annual general and special meeting of shareholders held on December 8, 2011. In particular, shareholders approved the planned reverse takeover of the Company by Andromeda Resources Inc. as fully described in the Company’s information circulation dated November 9, 2011.

Chesapeake Gold Corp.: Significant Progress Towards Completion of the Pre-Feasibility Study Reported on Metates

Chesapeake Gold Corp. is pleased to provide an update to various activities and related developments on its 100% owned Metates gold-silver project located in Durango State, Mexico. Metates hosts one of the largest known undeveloped gold and silver deposits containing 17.2 million ounces gold, 466 million ounces silver and 3.4 billion pounds zinc (Measured + Indicated) and 2.6 million ounces gold, 62 million ounces silver and 360 million pounds zinc (Inferred). The April 2011 updated Preliminary Economic Assessment (“PEA”) reported that the Metates project would produce an average of 759,000 ounces gold and 20.0 million ounces silver annually over a 19 year mine life with strong project economics.

Weststar Resources Corp.: Weststar Receives Gold and Silver Rock Sample Assays From the La Paloma Property, Mexico

WestStar Resources Corp. has received the first batch of assays for a rock sampling program recently completed on its La Paloma property. The Property is located approximately 70 kilometers west of the city of Guadalajara in the State of Jalisco, Mexico. The most prospective sample was an outcrop rock chip sample collected from a mineralized quartz vein hosted within silica and carbonate altered rhyolite tuff. This sample (sample 11DMP135) assayed 311 grams-per-tonne (“g/t”) silver and 7.81 g/t gold. Continuous rock channel sampling across this partially exposed zone of mineralization returned assays of 64.1 g/t silver and 0.84 g/t gold over a true width of 6.0 metres (sample Channel 2). These results outline the potential for the Property which is encouraging for the Company. Table 1 below outlines the distribution of gold and silver grades by sample type.

Silver Bull Hires Team to Lead Metallurgical Program on the Sierra Mojada Project, Coahulia, Mexico

Vancouver, British Columbia — Silver Bull Resources, Inc. (TSX: SVB, NYSE Amex: SVBL) (“Silver Bull”) is pleased to announce it has brought on Dr. Chris Fleming Ph.D from SGS Canada Inc. (“SGS”), and Independent Consultant George Rawsthorne P.Eng. to lead the metallurgical program on the “Shallow Silver Zone” at Silver Bull’s Sierra Mojada project in Coahuila, Mexico.

Great Panther Silver Eliminates Backlog of Concentrate Inventory at Guanajuato and Provides 2012 Production Estimates

Great Panther Silver Ltd. is pleased to announce that it has finalized arrangements to sell all available concentrate inventories from Guanajuato before year end and is well advanced in securing new contracts for fiscal 2012 concentrate sales for both the Guanajuato and Topia Mines. This will ensure strong fourth quarter revenues which will balance out the previous revenue shortfall in the second quarter. Precious metal rich lead and zinc concentrates from Topia are typically sold to traders, destined for the Asian smelting market, whereas precious metal rich concentrates from Guanajuato are typically sold directly to smelters.

MacMillan Consents To The Assignment By Lake Shore Gold Of The La Violetta Properties To Revolution Resources Corp.

December 14, 2011 – Mr. Thomas Skimming, CEO of MacMillan Minerals Inc., is pleased to announce that the Company has signed a consent for the assignment of the property rights for the La Violetta Properties from Lake Shore Gold Corp.and West Timmins Mining Inc. to Revolution Resources Corp. as news released by Lake Shore Gold Corp. on December 14, 2011. The consent by the Company included a transaction specific waiver of the Company’s right of first refusal to allow this transaction to proceed.

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