Category: Exploration and Development

Southridge Enterprises Inc. is pleased to announce today that Southridge Minerals, Inc., its wholly owned subsidiary, has signed a definitive agreement with San Dimas Mineria S.A. to acquire a 100% interest in the “La Canita” Gold property, in the state of Durango, Mexico. The Purchase Price for the assets comprising the mineral concessions “La Canita” shall be USD$3,550,000. La Canita is located in the San Dimas mining municipality of Durango, in close proximity to the Sinaloa border.

Mr. George A. Brown, President of MacMillan Minerals Inc., is pleased to announce additional results from the diamond drilling, trenching, and sampling programs 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.

Mexus Gold received a geological report prepared by an independent geologist covering part of the Julio Property near the current placer plant and northward toward the Julio Vein. The property is situated on or near the Mojave-Sonora Mega Shear Zone which is well known as a major source of gold bearing zones presently being mined by several major gold production companies. The following is a summary of the findings of the report:

Canadian-based Excellon Resources Inc. and the USW union along with their a Mexican-based non-governmental organization have been battling it out regarding Excellon’s wholly owned La Platosa mine in Durango, Mexico and it has been far from amicable.

San Marco Resources Inc. has received additional assay results from underground sampling of old workings and reports on additional exploration activities at its Angeles property in Sonora state, Mexico. As previously reported (News Release dated September 10, 2012), the Company’s geologists had accessed old underground workings and commenced channel sampling across structures as well as adjacent footwall breccia. Most of these workings (apparently 90 – 100 years old) have collapsed, however 2 levels below the main access adit were sampled along approximately 20 meters of strike. Where possible, the adjacent footwall breccia and the hanging wall shear zones were sampled.

McEwen Mining Inc. is pleased to announce additional exploration results from its 100% owned El Gallo Complex, in Sinaloa State, Mexico, where gold production has recently commenced.

Focus Ventures Ltd. is pleased to announce an update on exploration at its El Reventon project, located in the western half of its Santa Cruz project in Durango, Mexico. Focus controls a district-scale land position covering a number of silver discoveries made since late 2011, which includes the 4,430 hectare El Reventon property.

Aurcana Corporation is pleased to announce that it has filed a technical report on SEDAR updating the resource estimate for La Negra Mine, the Company’s silver, zinc, lead, and copper mining operation in the State of Queretaro, Mexico (see AUN news release dated August 28, 2012). The updated mineral resource has been completed to NI 43-101 standards.

The Ejido La Sierrita has presented a complaint to the Federal Prosecutor of Environmental Protection against Canadian mining company Excellon Resources Inc. The company operates the La Platosa mine in Mapimí, Durango, Mexico.

Garibaldi Resources Corp. is pleased to announce that it has acquired an option to purchase a 100% interest in the Marco 1 (330 hectares) and Marco 2 (150 hectares) concessions, contiguous to the Company’s Locust drill target at its Tonichi project, Sonora State, Mexico.