Category: Exploration and Development

Garibaldi Resources Corp. is pleased to announce results of exploration drilling on its 100% owned Tonichi Project. The ongoing drill program was designed to evaluate the potential of the Locust Target that was defined by surface soil and rock chip sample anomalies (see press releases of June 2, 2010 and October 9, 2009). To date, four diamond drill holes have been completed using the Company’s drill, for a total of 905.8 meters drilled. A fifth hole is in progress. Assay results have been received for the first four holes. Hole LCT-11-03 has encountered gold mineralization of 1.25 g/t over 13.95 meters, and hole LCT-12-04 encountered 6.4 meters of 1.12 g/t Au. The table below includes assay results for the drill holes received to date.

Canasil Resources Inc. announces that Pan American Silver Corp. has elected to terminate the option agreement on Canasil’s Carina silver-gold project in Durango State, Mexico. At the time of entering into the agreement, Pan American was required to assign the agreement to the La Preciosa joint venture between Pan American and Orko Silver Corp. As previously announced by Orko on April 5, 2012, Pan American has relinquished its right to earn a 55% interest in the La Preciosa project and the Carina option will not be continued by the La Preciosa joint venture company. As a result Canasil now retains 100% interest in the Carina project.

Impact Silver Corp. is pleased to announce additional high grade silver values and wide zones of mineralization from the second phase drill program on the Oscar Project. Highlights include 1,875 g/t Silver across 1.00 meters and 115 g/t Silver across 23.39 meters. Oscar is located only 2.5 kilometers east of IMPACT’S operating 500-tonne-per-day Guadalupe processing plant in the 423 square kilometer Royal Mines of Zacualpan District of central Mexico. These results are in addition to previously announced results from the Oscar Project, which included multiple intersections over 1,000 g/t Silver (see IMPACT News Releases dated October 20 and 26, 2011).

Santa Fe Gold Corporation announced with profound sadness the death of Lawrence G. Olson, Chairman of the Company. Mr. Olson was removed from life support yesterday after having been in a coma since collapsing April 16, 2012. Mr. Olson was 74 years old.

Excalibur Resources Ltd. is pleased to announce it has filed a 43-101 Technical Report on the Catanava Gold Property on SEDAR www.sedar.com. The following is an excerpt of the Interpretation and Conclusions section of the report, prepared by Mining Insights Inc.

Zacatecas.- A dos años de que habitantes de la comunidad de Salaverna, Mazapil, hayan iniciado las mesas de negociación con la empresa Tayahua-Frisco, denunciaron que la minera continúa con acciones de intimidación para que se reubiquen en el terreno denominado Nuevo Salaverna, aún cuando no se tienen las condiciones óptimas.

Oroco Resource Corp. is pleased to report the following results from the 2011 and 2012 expanded exploration drill program at its Cerro Prieto Project in northern Sonora State, Mexico.

Animas Resources Ltd. continues to advance its land access case against several Mexican citizens, and the Company hopes to regain property access and surface rights shortly. While work continues on the land access issues, Animas has contracted Process Engineering L.L.C. to advise the Company on metallurgical test work. Additionally, the Company has received all environmental permits necessary for exploration drilling at the Santa Gertrudis gold project, and a drill contractor has been selected. Exploration program planning for the 100% owned Desierto property also is in progress.

Newstrike Capital Inc. is pleased to announce the next series of results completed in the 2012 drill program in progress at the Company’s 100%-owned Ana Paula Project, Guerrero Gold Belt. The results reported here include one hole from the ongoing delineation of the high grade Breccia Zone located in the southeast quadrant that indicates mineralization still remains open to the south and south west. Results from four other holes from other quadrants continue to highlight the robust mineralizing system that underlies the Ana Paula project, returning strong results from all quadrants.

Endeavour Silver Corp. has just announced that they have entered into a definitive agreement whereby Endeavour will acquire 100% interests in AuRico Gold Inc.’s operating El Cubo silver-gold mine in Guanajuato State, Mexico and the Guadalupe y Calvo silver-gold exploration project in Chihuahua State, Mexico, for total consideration of up to US$250 million.