Category: Exploration and Development

Wealth Minerals Ltd. is pleased to announce that geological mapping and sampling at the Valsequillo property has provided confirmation of bulk-tonnage potential. In the Western Corridor (Figure 1, Table 1), discovery of additional veins and silicified fault zones now outlines a priority target area measuring approximately 900 metres long and 1,000 metres wide. Sampling of artisanal workings (29 samples) returned encouraging grades peaking at 494 g/t silver, 1.07 g/t gold, 11.9% zinc, 4.09% lead and 9.47% copper (data ranges and mean grades are provided in Table 1). Phase II exploration is now being planned with the goal of defining priority targets for drill testing.

Alphamin Resources Corp. is pleased to announce that it has transferred the “Aurora” concessions in the area of Coyuca de Catalan, Guerrero State, to Cigma Metals Corporation.

Scorpio Mining Corporation today announced an independent updated Mineral Resource estimate for its 100% owned San Rafael Development Project in Sinaloa State, Mexico completed by Mine Development Associates of Reno, Nevada (“MDA”).

Arian Silver Corporation, a silver exploration, development and production company with a focus on projects in the silver belt of Mexico, is pleased to announce that it has received positive results from an independent metallurgical report as part of its plan to construct and operate a new custom plant and milling facility at its 100% owned San José operation in Zacatecas, Mexico.

Grupo Mexico and GE Power Conversion business have partnered to expand capacity at the Buenavista copper mine in Sonora, Mexico with GE’s proprietary Quadramatic drive technology.

Kimber Resources Inc. today provided an update on work currently underway on the Carmen gold-silver deposit at its Monterde Project, Mexico. Kimber Resources has commenced detailed mapping and sampling of the rehabilitated underground workings that cut through the Carmen deposit. This is the first time these underground workings have been subject to systematic channel sampling.

SilverCrest Mines Inc. is pleased to announce the results of an additional 15 holes of the Phase II drill program and additional surface sampling currently underway at its La Joya Property in Durango, Mexico. The Phase II drill program has been expanded by 10 holes to 90 holes totaling 20,000 metres. Phase II drilling reported to date has extended the Main Mineralized Trend (“Trend”) beyond the area containing the current Inferred Resource of 101.9 million ounces Ag Eq.(i) (see News releases dated March 20 and May 7, 2012 and attached figure). Newly constructed drill roads have exposed high grade surface mineralization with Ag Eq values ranging from 72.6 grams to 187.6 grams over sample intervals ranging from 39.7 metres to 99 metres. Drilling and surface sampling has now extended the Trend to approximately 2.5 kilometres with an average width of approximately 700 metres. Please reference our revised website at www.silvercrestmines.com for more information, photos and figures on La Joya.

Mr. George A. Brown, President of MacMillan Minerals Inc., is very pleased to announce the positive results of the three hole diamond drill program at the La Raizura Target 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.

NWM Mining Corporation is pleased to report on the progress of the air-track drilling program conducted on the Gold Ridge target at Lluvia de Oro. Located approximately 500 meters west of the Lluvia de Oro / Creston pit, Gold Ridge consists of a quartz porphyry / felsic volcanic unit with an exposed strike length of 1.4 kilometers and an approximate thickness of 200 meters. Initially defined by highly anomalous gold in soil geochemistry, wide spaced percussion drilling in 2011 and diamond core holes L11-066 and L11-067 confirmed the presence of gold near surface and at depth. In 2012, 20 percussion holes intersected gold mineralization along the east flank of Gold Ridge, expanding the lateral distribution of the gold mineralization while also identifying 3 target areas, the North, Central and South Zones for follow up drilling.

Excalibur Resources Ltd. is pleased to announce that the explosives have been delivered to the site and startup production has commenced at surface on the Camino vein at its 49% owned subsidiary Minera Catanava S.A. de C.V. According to our JV partner, Don McLeroy, President of Minera Apolo, S.A. de C.V., “On the basis of two blasts and one shift per day, initial production is estimated at 40-60 tons per day. An adit on the Camino Vein has been started in the arroyo east of the plant. Once we are in the adit about 20 or 30 meters, we can put in a couple of raises and start shrinkage stoping, which will furnish enough ore for 3 shifts per day and then we will ramp up production from there.”