Category: Exploration and Development

Urastar Gold Corp. is pleased to announce that it has entered into a drilling contract with Layne Drilling de Mexico for Reverse Circulation drilling at the El Antimonio exploration property located in Sonora State, Mexico. A total of approximately 10,000 meters in 40 holes is planned with an anticipated start date of March 12, 2012.

Focus Gold Corp. is pleased to announce it has identified drill targets on both its porphyry disseminated project and its historic vein targets within the Huicicila project area in Nayarit, Mexico.

Soltoro Ltd. and Argentum Silver Corp. are pleased to announce assay results from three additional diamond drill holes completed on the El Tajo vein at the Coyote property located in Jalisco, Mexico.

Argentum Silver Corp. is pleased to announce assay results from three additional diamond drill holes recently completed on the El Tajo vein at its Coyote property, located in Jalisco, Mexico.

Chesapeake Gold Corp. wishes to report on the current status of the pre-feasibility study on its 100% owned Metates project located in Durango State, Mexico. In support of the PFS, Chesapeake recently announced a new NI43-101 compliant resource for Metates (see NR2-2012) which estimates the project contains a total of 19.0 million ounces gold and 519 million ounces silver (Measured + Indicated), making it one of the largest undeveloped precious metal resources in the Americas.

VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 03/06/12 — Defiance Silver Corp (“Defiance”) (TSX VENTURE:DEF) is pleased to announce that it has made the first payment in its option agreement with IMPACT Silver Corp (“IMPACT”) to acquire the Santa Gabriela 200tpd processing plant. Defiance has the option to purchase the Santa Gabriela processing plant in the historic Zacatecas Silver District from IMPACT in return for the payment of 2,680,500 Defiance common shares and a the payment of $1,955,200 payable within two years of the signing of the option agreement or upon commercial production.

Scorpio Mining Corporation is pleased to report additional positive drill results from its San Rafael Development Project, favorably located only 19 kilometers by road from the Nuestra Señora processing facility in the Cosalá Mining District, Sinaloa State, Mexico.

Creso Exploration Inc. is pleased to announce it has received conditional approval of the TSX Venture Exchange for the acquisition of a 50% interest in the Zamora/Campanillas mining projects located in Sinaloa, Mexico and an option on the remaining 50%.

Guerrero Exploration Inc. is pleased to announce that it has applied for the 86,205 Ha Olinalá property in Guerrero state, Mexico, centered 100 km east of the State capital, Chilpancingo de los Bravo, and 187 km SE of Mexico City. It is located immediately south of Cerro Dolores, a polymetallic project owned by Goldcorp that was optioned to Starcore International Mines in 2008 (Starcore International Mines Ltd., MDA 31 January 2008). The Olinalá application area overlaps two volcanic belts that are considered prospective for volcanogenic massive sulfide deposits.

Canasil Resources Inc. announces that Pan American Silver Corp. (Pan American TSX: PAA) has completed an initial Phase 1 diamond drill program at the Carina silver-gold project in Durango State, Mexico. The drill program consisted of 6 drill holes for a total depth of 1,008 metres, as part of an overall planned program of up to 14 drill holes for a total depth of up to 2,910 metres. Canasil’s Carina project is subject to an option agreement providing for Pan American to earn a majority interest through staged exploration expenditures and cash payments over four years.