Category: Exploration and Development

Paramount Gold and Silver Corp. reported today that new drilling has found higher gold grades at the San Francisco target on its 100%-owned San Miguel Project in Mexico. Eight new holes in the northern and western portions of the San Francisco deposit have returned: (a) higher-grade mineralization up to 27.1 g/T of gold and 24.0 g/T of silver; and (b) near surface, wide intercepts including 23.6 meters grading 1.51 g/T of gold and 11.9 g/T of silver, confirming the bulk tonnage nature of this deposit. Drilling continues at the San Miguel Project with three core rigs.

Scorpio Mining Corporation (TSX: SPM) is pleased to announce the initial results from the ongoing drill program on its 100% owned La Revancha Project, Chihuahua State, Mexico.

Highlights include:

Revolution Resources Corp. is pleased to report that the Company is continuing to advance its exploration programs at the Universo and La Bufa Properties. The Properties are located in two of Mexico’s most prolific Mineral Belts and are in close proximity to several operating mines.

VANCOUVER, BRITISH COLUMBIA–(Marketwire – March 2, 2012) – Prospero Silver Corp. (TSX VENTURE:PSL) (“Prospero” or the “Company”) is pleased to announce the acquisition (through staking) of an additional 19,272 hectares in the Santa Maria del Oro gold/silver district. The new ground lies to the northeast and east of the historic, high-grade gold Magistral vein system. With this addition, Prospero holds a total of approximately 33,000 hectares that surround the historic Magistral del Oro mines, records from which indicate oxide ore mined at an average grade exceeding 15 g/t Au through the mid-20th century. The project claims are located in Durango state, 220km NW of Durango City, and 20km west of Indé.

VANCOUVER, March 1, 2012 /PRNewswire/ -VICTORY RESOURCES CORPORATION (the “Company”) is pleased to announce that it has received assay results of preliminary sampling of material from the old tailings pond from the La Reforma mine located north of Choix, Sinaloa State, Mexico. The method of sampling the results are shown in Table 1.

Pacific Cascade Minerals Inc. is pleased to report the first 3 drill holes of the 12 hole Phase 1 drill program on the La Esperanza silver zone, El Centenario Property, Durango, Mexico. The Phase 1 program has tested 625 meters of strike length and the La Esperanza zone remains open to the north, south, and to depth. The 3 drill holes ESP 12-1,2,3 are summarized as to location, azimuth, and dip on the table below.

Dia Bras Exploration Inc. is pleased to report that continued drilling from the surface at its Promontorio mine (“figure 1:Cusi Project Map View”) has discovered more wide zones of disseminated silver mineralization. Additionally, the Company has provided an update on its pilot mining operations at the Cusi property for December 2011 and January 2012.

Mexico’s mining production rose 5.4% in December from the year-ago month, led by output of copper and coal, with smaller gains in silver, the National Statistics Institute, or Inegi, said Wednesday.

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

Golden Goliath is pleased to announce that exploration work on the Company’s wholly-owned Nopalera property is progressing very well. Surface work, including geology, geophysics and geochemistry is delineating targets for the first ever diamond drilling program on the property, to be undertaken as soon as drill target definition is complete.