Category: Exploration and Development

Urastar Gold Corp. contracts 1500m core drilling (3 holes) at El Antimonio, Mexico, to assess mineralogy and structures. RC program advances: 6700m/31 holes toward 10,000m, yielding wide low-grade Au intercepts. Targets oxidized open-pit heap leach deposit; $1.5M cash funds 2012 efforts.

Con el objetivo de “reconocer y evaluar los yacimientos de minerales (plata y Oro)”, la empresa Minera Espejeras, S.A. de C.V., subsidiaria de Minera FRISCO, propiedad de Carlos Slim, presentó finalmente ante la SEMARNAT el pasado 29 de junio un estudio para la autorización de impacto ambiental para el proyecto de exploración minera en Tetela de Ocampo.

Excellon Resources Inc. reports that on Monday, July 9th, members of the Edijo de La Sierrita, assisted by the NGO group PRODESC and Sindicato Nacional de Trabajadores Mineros Metalúrgicos, Siderúrgicos y Similares de la República Mexicana which is affiliated with the United Steelworkers Union of Canada (USW) commenced an illegal action at the Company’s La Platosa Mine, located in Durango Mexico.

Aurcana Corporation is pleased to report silver production for Q2 2012 of 373,037 ounces compared to 257,508 in Q2 2011, the largest quarter for silver production in Aurcana’s history. Silver production for the second quarter of 2012 increased 44.9% compared to Q2, 2011. Silver Equivalent increased 54.0% to 689,275 for Q2 2012, compared to 447,533 in Q2 2011. Year to date silver was up 32.7% 660,253 in 2012 YTD, compared to 497,783 in 2011 YTD.

Torex Gold Resources Inc. is pleased to announce that its wholly-owned subsidiary in Mexico, Minera Media Luna S.A. de C.V., has signed a five-year exploration access agreement with the Puente Sur Balsas Ejido, for all of the Ejido common use lands. This agreement includes access to the majority of the area of the new discovery at Media Luna, which was announced by the Company last month.

Esperanza Resources Corp. is pleased to report recent drill results from its Cerro Jumil gold project in Morelos, Mexico. The reported results are primarily from in-fill drill holes designed to upgrade previously reported inferred and indicated resources. Highlights of the drill results are as follows:

NSX Silver Inc. is pleased to announce additional results from its recently completed Phase 1 drilling program at the Dios Padre Silver Project located in Sonora State, Mexico. These results are from holes DP-13-2012 through DP-16-2012 which were drilled in and beneath the area of historic mining. These drill holes were sited over a 120 meter by 70 meter area that constitutes only part of the surface foot print of the historic workings.

Golden Goliath Resources Ltd. is pleased to provide an update on some of the activity in and around its Uruachic Mining Camp. Over the years the entire Camp has been covered by mineral claims. While Golden Goliath was first to the Camp and believes it has the best ground, the most significant work is being done adjacent to Golden Goliath’s Nopalera property by Fresnillo PLC who drilled 37,580 metres in 51 holes and constructed the first 300 metres of an exploration adit in 2011 on their Orisyvo project.

Cayden Resources Inc. is pleased to announce that it has received additional drilling results from its Las Calles target at the Morelos Sur Gold project, central Guerrero State, Mexico. The drilling highlights at Las Calles include 28.5 meters of 3.21 g/t Au including 10.8 m of 7.81 g/t Au, including 2 m of 26.3 g/t Au (LCDD0101), 7.7 m of 2.44 g/t Au (LCDD0096), and 39.3 m of 0.65 g/t Au (LCDD0102). The results occur in the same extremely fractured and iron oxide-rich diorite sill from which earlier significant results were previously reported (see NR dated March 5, 2012) as well as historical results reported by IMMSA, a subsidiary of Grupo Mexico (see 43-101 technical report filed on www.sedar.com ). The aggregate results indicate the potential for a deeper, lateral extension of the ore body currently being mined by a subsidiary of Goldcorp, at the adjacent Los Filos mine. At present, Las Calles mineralization is open in all directions. Drill hole locations are shown at www.caydenresources.com . Cayden is currently drilling at its La Magnetita target and expects to release results in the near future.

Endeavour Silver Corp. announces that the Company’s silver and gold production from the Company’s two operating silver mines in Mexico, the Guanacevi Mine in Durango State and the Guanajuato Mine in Guanajuato State, continued to climb in the Second Quarter, 2012.