Category: Exploration and Development

Quaterra Resources Inc. and 50% joint-venture partner Blackberry Ventures 1, LLC, today announced that an updated independent resource estimate has substantially increased contained silver ounces at their Nieves property in northern Zacatecas, Mexico.

Westridge Resources Inc. announces that the Company plans to focus the next phase of drilling and sampling on its Charay Project in Sinaloa State, Mexico, with a view to define NI 43-101 compliant resources on the high grade El Padre vein system in the near future.

On the evening of Saturday, June 16 two environmental activists and human rights defenders were with friends in front of city hall on the main street of San José del Progreso, Mexico. Suddenly a red Dodge Ram pickup truck drove by, spraying them with bullets. Bertín Vásquez Ruiz was shot in the abdomen and Guadalupe Vázquez Ruis took bullets in his leg and hand. Both are members of the Coalition of United Peoples of the Ocotlán Valley (CPUVO), which has been actively protesting the presence of Canadian Fortuna Silver Inc.’s Trinidad/Cuzcatlán mine in their community south of Oaxaca city, Mexico.

Mr. Thomas Skimming, CEO of MacMillan Minerals Inc. is pleased to announce that the Company has expanded the diamond drilling program at the Las Cucharas Gold and Silver Project in Mexico. Mr. William Hamilton, P. Geo., Manager of Exploration, is a Qualified Person under the meaning of National Instrument 43-101 and is responsible for all technical information contained in this news release.

Tara Minerals Corp. is pleased to announce that it has acquired 100% of the title to the Champinon iron ore property in Mexico for $2,175,000 plus any applicable Added Value Tax. The previous agreement with the vendor included a royalty of $5 per tonne of iron ore sold. Under the acquisition agreement, this royalty has been eliminated and should result in substantially improved operating margins. Owning Champinon 100% gives Tara’s experienced team the opportunity to better manage future work programs and their costs.

Urastar Gold Corp. is pleased to provide an update on three additional drill hole results at the El Antimonio property located in Sonora State, Mexico.

Source Exploration Corp. is pleased to announce that its wholly-owned Mexican subsidiary Roca Verde Exploration de Mexico has acquired through staking the San Valentin concession. The concession, which is located approximately 2.0 kilometers south of the Las Minas property, contains 345.18 hectares and hosts a skarn system with high-grade magnetite as well as gold, silver and copper mineralization. Surface exploration shows the gold – silver – copper bearing skarn discovery at Las Minas trends onto the new property.

Agnico-Eagle Mines Limited is pleased to provide interim results from its 2012 exploration program. The 2012 program is primarily focused on drilling at Kittila, Meliadine and Mascota/Bravo, conversion of resources at La India and further exploration of the early-stage deposit at Tarachi.

Almaden Minerals Ltd. is pleased to announce further results from the on-going 4 drill exploration program on the Company’s 100% owned Tuligtic project, Mexico with holes TU-12-133, 138, 139, 141 through 144 and 146 through 150. Holes TU-12-138, 143, 144 and 146 were drilled into the Ixtaca North Zone a developing parallel zone to the Main Ixtaca Zone. Results from these holes continue to show that this zone, as presently interpreted, exists over a strike length of nearly 700 meters. Highlights from the current group of assays include the following intercepts (a more complete list of intercepts is shown in the table below):

Cotton & Western Mining, Inc. — The Qin Hai Bulk Cargo Vessel sailed out of the Pacific Ocean Port of Ensenada, Baja California, Mexico on June 13, 2012, with a full maximum load 43,829 WMT of Raw Crude Iron Ore sized 1-10mm under contract with Bao Steel. 45,000 WMT remains stockpiled at the port pending dispute resolution with the Mexican Authorities over time lapse in customs. The company began trucking on Oct 24, 2011 through Nov 11, 2011 for a shipping date of Dec 21, 2011; during the month of December, 2011, all iron ore export permits were canceled country wide, and new export regulations became effective overnight. The new iron ore export regulations not only required an iron ore export permit from the Secretary of Economy, but also included a Customs iron ore exporters listing; this entailed a series of Government audits, from the Tax Office, Mining Office, Environmental Agency and from Customs if the company had any prior exports of Iron Ore. Panamerican Minerals Ventures, S.A. de C.V., the Mexico Iron Mining Operator, begin the process of re-qualification to meet the stringent and rigorous new regulations. The Company received the new Secretary of Economy Export Permit in January 2012; however, the audits and other time consuming efforts for Customs listing resulted in the Company becoming one of only a few mining companies authorized to export iron ore from Mexico, on March 6, 2012.