Category: Exploration and Development

Golden Goliath Resources is pleased to provide an update of developments on their extensive exploration portfolio in the Uruachic Mining District in the Sierra Madre Gold-Silver Belt of northwest Mexico. The Uruachic Mining District hosts the recently discovered Orisyvo deposit, a 9.6 million ounce gold deposit currently being explored and developed by Fresnillo PLC, one of the world’s largest mining companies.

Animas Resources Ltd. is pleased to announce that Sonora State (Mexico) governmental authorities have granted the Company Provisional Restitution of the disputed lands within the Santa Gertrudis mining district. This action in effect gives the Company complete physical control of and access to the disputed properties, and it is considered to be a major advancement towards a favorable, final resolution of the surface land tenure issues in the area.

Soltoro Ltd. recently concluded a ground geophysical survey over the entire El Rayo Project which served to identify a possible structural extension to the gold resource area. To date Soltoro has defined Indicated Mineral Resources of approximately 22,600 ounces of gold and Inferred Mineral Resources containing approximately 18,900 ounces of gold on the northwest end of the El Rayo structure. The most promising area sampled to date is the La Ocotera zone, which is located to the northwest of the El Rayo gold resource and would add approximately 750 metres of prospective structure to be explored. Results of trenching completed to date include intercepts of 4.8 metres of 1.01 g/t gold and 6.5 metres of 0.91 g/t gold in the La Ocotera area. Selected results from trenching and rock sampling were returned as follows:

Riverside Resources Inc. and its partner, Sierra Madre Developments are pleased to announce additional drill results from the 2012 drill program at the El Capitan Target (a bulk tonnage oxide gold deposit), which forms part of the Company’s Peñoles Project in Durango, Mexico. Drilling in 2011 demonstrated good continuity over a strike length of approximately 700 meters (referred to as the Main zone – see press release dated October 24, 2011) and the current program (funded by Sierra Madre) is designed to test the down-dip extent of mineralization and provide sufficient drill-hole density for an initial resource calculation for El Capitan.

Westminster Resources Ltd. announces the first ever diamond drill hole has been completed at the Cumbral copper, silver and gold project located in Sonora, Mexico. The initial phase expected to be 1,200 meters (of a total planned 4,000 meters) targets four geophysical anomalies. The balance of the program, weather permitting (rainy season), will evaluate other numerous prospects identified on the 8,000 hectare property.

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.