Category: Exploration and Development

Unmined Section Yields Average of 6.2g/t Gold Eq. over 1.8m Width for 81m Strike of Level 1 of Hilos

Pan American Goldfields Ltd. is pleased to announce new record production results for the month of November, 2012 at its 80% owned Cieneguita project, Chihuahua, Mexico.

Xtierra Inc. is pleased to announce that it has recently completed the acquisition of the necessary surface lands that will be required for the surface installations and development for its Bilbao zinc-silver-lead-copper deposit located 50km southeast of the State capital in Zacatecas, Mexico.

Golden Goliath Resources is looking forward to next year, in anticipation of the first ever diamond drilling program on the Nopalera property in Mexico, with hopes of uncovering a “company-building” gold deposit at the site.

First Majestic Silver Corp. is pleased to announce that it has entered into a US$50 million forward sale contract with Bank of America Merrill Lynch on a portion of its future lead and zinc production.

Endeavour Silver Corp. announces that exploration drilling on the San Sebastian property in Jalisco State, Mexico has now extended the recently discovered high grade silver-gold mineralization in the Terronera vein to more than 900 meters (m) long by 300 m deep, still open for expansion.

Garibaldi Resources Corp. is pleased to announce that shareholders have voted in favor of the Company’s adoption of a shareholder rights plan ratified at the Company’s Annual General and Special Meeting held on December 14, 2012.

El Tigre Silver Corp. is pleased to report that it has signed a contract with MAJOR DRILLING DE MEXICO, S.A. DE C.V. and has mobilized a core drilling machine and associated equipment to its 431 square kilometer El Tigre silver-gold property in northern Sonora, Mexico. Drilling will commence the first week of January 2013. The Company is fully funded to complete this next phase of drilling.

Torex Gold Resources Inc. is pleased to report that it has recently intersected several of the highest grade gold intercepts drilled thus far at the Media Luna and Media Luna West targets at the Company’s Morelos Gold Project in Mexico. At Media Luna, borehole ML-35 intersected 30.31 g/t Au over 21.0m; borehole ML-79 intersected 15.56 g/t Au over 12.2m; borehole ML-11A intersected 28.60 g/t Au over 5.2m. At Media Luna West, borehole MLW-02 intersected 15.68 g/t Au over 5.9m. The gold and gold equivalent values for the 23 boreholes being reported today are shown in the Highlight Table and in Table 1.

International Northair Mines Ltd. is pleased to provide an update on current exploration activities underway at its La Cigarra silver project located in north central Mexico.