Category: Exploration and Development

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.

Golden Fame Resources Corp. reports that it has received the results of 15 additional diamond drill holes, totaling 3,972 meters of drilling, from their on-going diamond drill program at the Algun Dia multi-element, epithermal vein prospect located near the city of Guanajuato, in the State of Guanajuato, Mexico.

La minera mexicana Autlán, la mayor productora de ferroaleaciones del país, informó que sus ventas habrían crecido más de un 20% interanual en el segundo trimestre, impulsadas por el precio del manganeso y un tipo de cambio favorable.

Scorpio Mining Corporation today announced an independent updated Mineral Resource estimate for its 100% owned Nuestra Señora Mine in Sinaloa State, Mexico, completed by Mine Development Associates of Reno, Nevada on behalf of Scorpio Mining. The updated National Instrument 43-101 compliant Mineral Resource estimate was commissioned by Scorpio Mining to allow the Corporation to prepare a development model that allows for better planning, scheduling, and budgeting, taking into account the most recent information available to it and recognizing more appropriately the current understanding of the ore body’s spatial complexity. Scorpio Mining has commissioned MDA to prepare a mine plan based on the resource estimate and other criteria in order to present a reserve estimate which is anticipated around the end of the third quarter or early fourth quarter 2012.

Endeavour Silver Corp. and AuRico Gold Inc. announce that they have agreed to extend closing of the purchase/sale of the El Cubo mine in Guanajuato State, Mexico and the Guadalupe y Calvo property in Chihuahua State, Mexico to July 13, 2012.

AuRico Gold Inc. is pleased to provide an update of drilling results from the El Chanate Mine in Sonora, Mexico. Since April 2010, 213 new drill holes for 28,499 metres of drilling (23 drill holes for 5,052 metres since April 8, 2011) have been completed with the objective of converting inferred resources to measured and indicated, extending the deposit at depth to the south and southeast and to explore for extensions to the west and east of the present open pit. Results to date have delineated thick zones of continuous mineralization throughout the deposit and defined anomalous mineralization both east and south of the existing open pit (refer to Table 1 in the Appendix for selected drilling results).