Category: Exploration and Development

Silver Sun Resource Corp. is pleased to provide an update on its mining activities at the Cherry Hill gold mine in Yreka, California as well as continued exploration work programs at the Yoreme project in Sonora State, Mexico and Zacatecas project in Zacatecas State, Mexico.

Torex Gold Resources Inc. is pleased to announce an updated National Instrument 43-101 compliant measured and indicated mineral resource estimate of 4.8 million ounces of gold at its 100% owned Morelos Gold Project in Mexico.

• A 500 meter underground drilling program commences at Cerro del Oro gold project
• Initial 2,500 meter minimum surface diamond drill program planned for summer 2012
• Both programs are expected provide a near term assessment of the resource potential of the 500 meter by 500 meter core area of the project

Minaurum Gold Inc. is pleased to report that Ocean Park Ventures Corp has released significant copper-gold-silver intercepts from the first two holes of their Phase 1 drilling program on Minaurum’s Adelita Project (see Ocean Park news release dated May 3, 2012). Ocean Park’s best hole (CGDD-12-009) cut 105.2 metres of 1.03% copper from 5.6 to 110.8 metres downhole, including 41.9 m of 2.21% copper, 0.93 g/t gold, and 77.5 g/t silver. Notably, this hole was lost in mineralization and assays are pending for the three subsequent holes drilled deeper in this area. The results extend the Cerro Grande zone to a strike length of 120 metres and to a depth of 300 metres from surface, with the discovery remaining open in all directions. Ocean Park can earn up to a 75% interest in the Adelita Project by completing and funding a feasibility study.

Kootenay Silver Inc. and Copper Creek Gold Corp. are pleased to announce results from a recently completed diamond drilling program on its Santa Lucia project in Sonora, Mexico. Copper Creek has an option to earn a 60% interest in the project from Kootenay Silver Inc. by spending $2 million and making cash and share payments over a 4 year period. The property is situated approximately 200km southeast of Hermosillo, Mexico.

Soltoro Ltd. has entered into an Option Agreement with Gold Reserve Inc. whereby Soltoro grants Gold Reserve the right to earn an undivided 51% interest in the La Tortuga property located in Jalisco State, Mexico.

Orko Silver Corp. Orko Silver Corp. is pleased to provide a synopsis of the results of a new engineering study recently completed on our 100% owned La Preciosa project by our independent consultant AMEC Americas Limited.

Southern Silver Exploration Corp. reported today that drilling on the Cerro Las Minitas project, located in Durango State, Mexico, continues to extend laterally and to depth, projections of the known mineralized structures at both the Blind Zone and El Sol deposits.

Paramount Gold and Silver Corp. today reported outstanding new assays from the southward extension of the high-grade La Union zone which could have major consequences for its 100%-owned San Miguel Project in Mexico.

Cangold Limited is pleased to announce that field work has commenced on the Plomo gold project in northern Sonora, Mexico. The Plomo Project has five gold zones associated with low angle faulting within a one by five kilometre area. Geological mapping and detailed surface rock sampling are being carried out to locate and delineate complex structural zones and associated low grade bulk tonnage gold mineralization for follow-up drill testing. Both northwest and northeast trending structures on the property have been shown to be mineralized and the areas where the two intersect are a priority for detailed field work.