Category: Exploration and Development

Riverside Resources Inc. and its partner, Guerrero Exploration have agreed to terms on a transaction that will result in Guerrero owning a 100% interests in the Cerro Azul and Chapalota Projects with Riverside receiving $2,000,000 in Guerrero shares. After the transaction is complete, Riverside will become the largest single shareholder of Guerrero.

Victory Resources Corp. is pleased to announce that it has reached an agreement with Minera Copper Canyon S.A. de C.V., a private Mexican corporation, which will allow the Company to acquire up to a 100% interest in a property known as ‘el Boleo’. El Boleo is located adjacent to the historic Reforma Mine, the Santo Tomas Copper-Gold deposit, and in close proximity to the Bahuerachi Copper Deposit.

International Northair Mines Ltd. is pleased to announce assay results from three infill core drill holes completed in the Las Carolinas Zone and four infill core holes completed in the San Gregorio Zone at its La Cigarra silver project, located in north central Mexico.

Levon Resources Ltd. is pleased to provide an update on advancing the Cordero NI 43-101 resource (news release of June, 21, 2011) with additional infill and step out delineation drilling to improve modeling confidence and expand the resource. The Cordero project is located 35 km northeast of Hidalgo Del Parral, southern Chihuahua state, Mexico. Independent Mining Consultants of Tucson reports an additional 33,380m of core drilling (41 holes) were modeled along with holes of the first resource that shows an increase in the Indicated Resource of 53 million (M) ounces of silver (Ag), 37 thousand (K) ounces of gold (Au), 0.8 billion (B) pounds (lbs) of zinc (Zn) and 0.4 billion (B) lbs of lead (Pb) with improved grades in Ag, Zn and Pb. Table 1 summarizes the current mineral resource compared to the June 2011 mineral resource at a $6.00/t NSR cutoff grade. Table 2 shows the current mineral resource at higher NSR cutoff grades. The NSR inputs and calculation method used for the current Mineral Resource is the same as used for the 2011 Mineral Resource estimate.

Endeavour Silver Corp. announces that it has acquired an option to purchase the Lourdes silver-gold property in the Sierra del Cubo area, located about 40 kilometers northeast of Guanajuato City in Guanajuato State, Mexico. The property is readily accessed by paved state highways about a one hour drive from Guanajuato City, where Endeavour owns and operates its Guanajuato Mine.

Newstrike Capital Inc. announces the results from 5,720 meters of drilling completed this period as part of the 2012 drill program in progress at the Company’s 100%-owned Ana Paula Project in the Guerrero Gold Belt. This series of results are from the ongoing delineation program in the southeast quadrant and from new exploration holes in the northeast and southwest quadrants. Breccia zone delineation continues to indicate that mineralization remains open in several directions and at depth.

(Canadian miner Baja Mining Corp said Louis Dreyfus Commodities Metals Suisse S.A. filed a lawsuit in the Supreme Court of British Columbia against the company regarding cost overruns at the company’s Mexico project.

Mr. Thomas Skimming, CEO of MacMillan Minerals Inc. is pleased to announce that the Company has completed an initial Phase 1 three hole diamond drilling program on the La Raizura Target at the Las Cucharas Gold and Silver Project. 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.

Fortunate Sun Mining Company Ltd. is pleased to announce that the Company has completed a diamond drilling program on its Golconda gold project located in Southern Sonora State, Mexico. Fortunate Sun may earn a 100% interest in Golconda from Minera Coplau, S.A. de C.V. by spending $2,500,000 in exploration and making cash and share payments to Minera Coplau over a four year period.

Tara Minerals Corp. is pleased to announce it is implementing an aggressive path for growth with near-term iron ore production as its initial focus. This aggressive time line is now possible through the leverage of up to $35.6 million to be received from the sale of the Picacho concessions to Yamana Gold Inc. An initial payment of $7.5 million has already been received (goo.gl/e7YO4) and is being utilized.