Category: Exploration and Development

International Northair Mines Ltd. is pleased to announce the assay results from five additional core holes completed at its La Cigarra silver project, located in north central Mexico. Two holes were completed within a previously untested area between the San Gregorio and Las Carolinas zones and three holes are from in-fill drilling within the Las Carolinas Zone.

Catalyst Copper Corp. is pleased to announce results from the first five (5) diamond drill holes from its 2012 program at the La Verde copper porphyry project in Michoacán state, Mexico.

Scorpio Mining Corporation reports final results from the recently completed 4,068 meter Phase I drill program at its 100% owned La Revancha Project, Chihuahua State, Mexico.

Aura Silver Resources Inc. is pleased to announce that the Aura Silver / Intrepid Mines Ltd. joint venture and Pan American Silver Corp. have entered into a new agreement which supersedes the prior option agreement with respect to the East Taviche, West Taviche and Alma Delia concessions comprising the Taviche project in Oaxaca, Mexico. Under the terms of the new agreement the Taviche JV acquires a full 100% ownership interest in both the East Taviche and Alma Delia concessions while Pan Am retains a 100% ownership position in the West Taviche concession. The Taviche JV will be entitled to receive a cash payment of US $2.0 million, dependent on certain sale or disposition transactions undertaken by Pan Am in excess of a 70% interest with respect to the West Taviche property. Pan Am has also refunded the final earn-in payment of US $250,000 paid in September 2011. Additionally, the Taviche JV has granted Pan Am a 1.5% net smelter royalty (“NSR”) as well as a right of first offer (“ROFO”) on all of the East Taviche and Alma Delia concessions based on certain terms and conditions.

Cerro Resources NL is pleased to advise that further drill results from the Namiquipa Silver Project, in Chihuahua, Mexico, confirm considerable silver/lead/zinc mineralization extending 200m North of the historic La Venturosa mine workings.

Under the terms of the settlement, NWM will pay BioteQ Environmental Technologies Inc. $1.3 million in cash over two years; BioteQ will retain ownership of the treatment plant and will demobilize it from NWM’s site. The initial $200,000 payment by NWM has been made. A second payment of $400,000 is due April 30, 2013. The final $700,000 is due April 30, 2014. In the event that NWM sells or transfers all, or substantially all, of its assets, the payments become due immediately and payable upon demand by BioteQ.

Lincoln Mining Corporation reports that in December 2011 it completed 5,091.3 m of core drilling in 20 angle holes at its 100% owned La Bufa property in Chihuahua State, Mexico. The property is located in the Guadalupe y Calvo mining district which encompasses a large, northeast-trending epithermal gold-silver system. Gold-silver mineralization is hosted in quartz-breccia veins and stockworks that are localized in a complex zone of high-angle structures. Core drilling focused on two target areas which were defined by geologic mapping, surface sampling, and geophysics. Drilling commenced in mid July 2011 and was completed in early December. Core recovery was excellent. All assays have been received. Drill hole intercepts reported here are apparent and do not represent true thicknesses.

Aurcana Corporation is pleased to report silver production for Q1 2012 of 287,486 ounces compared to 240,275 in Q1 2011 , the largest quarter for silver production in Aurcana’s history. Silver production for the first quarter of 2012 increased 19.6% compared to Q1, 2011. Silver Equivalent increased 29.3% to 492,864 for Q1 2012, compared to 381,146 in Q1 2011.

Kootenay Silver Inc. is pleased to announce results from an additional 10 holes from its current 25,000 meter drill program on its Promontorio Silver Project in Sonora, Mexico. The Company reports the two-phase 35,000 meter in-fill drill and resource definition program, comprised of 25,000 meters of core drilling and 10,000 meters of RC drilling is now complete. Work on an independent NI 43-101 resource update to incorporate results from drilling is underway.

Westridge Resources Inc. announces that drilling at its Charay Project in Mexico has extended high grades in the El Padre Vein to depths of approximately 150 meters down dip (2.4m at 10.15 gpt Au, including 1.4m at 15.25 gpt Au and 127 gpt Ag). Drilling has also intersected additional high grade veins not previously known (1.0m at 20.6 gpt Au). Surface sampling has identified high grade gold values (up to 12.5 gpt Au) in new additional epithermal veins and extensions of the El Padre system.