Category: Exploration and Development

SilverCrest Mines Inc. is pleased to announce an update on activities for the Santa Elena Mine Expansion Plan and the ongoing Phase II La Joya drill program in Mexico. The Santa Elena Mine expansion remains on schedule, targeting a 100% increase in metal production commencing in 2014. Resource definition drilling and extensive metallurgical test work continues at La Joya with an anticipated Q4, 2012 resource update. The most significant activities are outlined below. For more information and to view photos and videos, please visit the Company’s website at www.silvercrestmines.com.

Silver Bull Resources, Inc. is pleased to announce further to its news release dated May 22, 2012, it has filed its updated NI43-101 Technical Report titled “Technical Report on the Sierra Mojada Silver Project, Coahuila State, Mexico” dated July 5, 2012 on SEDAR at www.sedar.com. The Technical Report completed by SRK Consulting Inc. contains an updated resource estimate which represents a 39% increase in the open pittable silver resource of the Shallow Silver Zone at a 15 g/t cut-off, previously reported by Silver Bull in the NI43-101 Technical Report released in November 2011. The updated resource also represents a 52% increase in the number of silver ounces of the Shallow Silver Zone that now report in the “measured and indicated” category.

Silver Scott Mines, Inc. is pleased to announce the receipt of mining and processing permit approval from Semarnat (“Secretaria de Medio Ambiente y Recursos Naturales”), the Mexican Federal environmental agency, and the associated granted Change of Use of Soil zoning for mining within 20 hectares. Payment for change of Soil Use zoning for the site changing from agriculture to mining was made in connection with the mining permit.

North American labour and civil society groups will be watching closely today to see if Canadian mining company Excellon Resources allows workers at its silver mine in Mexico to have a free and democratic vote to join a union.

Mundoro Capital Inc. is pleased to announce (i) the final results of geophysical surveys from its 100% owned Camargo property in Chihuahua, Mexico and (ii) the preparation of a drilling program to test the strong Induced Polarization chargeability and associated resistivity anomalies with approximately 1500 meters over 6 drill holes. The strong chargeability anomaly can be traced, in plan view, over a strike length of approximately 800 meters on three geophysical lines and varies between 550 meters to 700 meters in width. The chargeability anomaly remains open to the north and south.

Cayden Resources Inc. is pleased to announce that it has received over 2000 additional assays from its La Magnetita soil program (see website for map). These assays increase the area of the +100 ppb (parts per billion) gold-in-soil geochemical anomaly with the size now in excess of 7.3 square kilometers and still open in most directions. The new soils reveal extensive areas that have highly elevated gold values, including north-south trending higher-grade +500 ppb gold values with strike lengths of up to 1.6 kilometers. These higher-grade anomalies are coincident with north-south intrusive dikes, extensive iron oxide-quartz alteration and veining within the limestone. These anomalies, taken together, reveal an area over 1.5 square kilometers where gold-in-soil averages +500 ppb, and is still open to the east and south.

Silver Scott Mines, Inc. is pleased to announce the following recently received drill assay sample results from the Quitovac Gold Mine Project located near Sonoyta, Sonora Mexico. The company’s concession blocks control approximately 14,500 hectares of land (36,250 acres) covering the Quitovac mine and placer gold sites in northwest Sonora. A total of 1723 meters of contracted RC drilling was recently completed in a 12 angle drill holes.

Cerro Resources NL is pleased to advise of encouraging progress in generating high potential initial drill targets at its Espiritu Santo Gold/Silver exploration project, in Jalisco State, Mexico.

Victory Resources Corp. is pleased to announce that it has completed the 2nd and final stage of the drill program at the Altamira tailings pond located at the Reforma mine.

Radius Gold Inc. is pleased to provide an update on recent work completed by Fortuna Silver Mines Inc. on Radius Gold’s Tlacolula Property, Mexico. Fortuna has an option to acquire a 60% interest in the Tlacolula Property by making cash payments and share issuances to Radius, and by completing expenditures totaling US$2 million on the property.