Category: Exploration and Development

Almaden Minerals Ltd. is pleased to announce further results from the on-going exploration drill program at the Company’s 100% owned Tuligtic project, Mexico with holes TU-12-160, 163, 167, 171, 172, 177, 182, 183, 185 and 187. Apart from hole TU-12-172, all holes reported today are from sections 10+150 and 10+200 at the extreme southwest end of the known mineralisation. The intersections reported today from both these sections indicate that significant mineralisation exists in volcanic rocks in this area. Hole TU-12-172 was drilled on section 10+450 into the Main Ixtaca Zone.

Mapping by Ocean Park has discovered mineralized skarn on the new claim with copper mineralization that is visually similar to that drilled at Cerro Grande. Assay results from this new skarn, the “Andalucia” zone, are pending. At this time, the skarn has been exposed in a series of trenches across 75 metres of strike in an area of limited bedrock exposure. As at Cerro Grande, the skarn is developed at the contact between the same granodiorite intrusion to the east and metasediments and metavolcanics to the west, with a strong structural control. The new zone is 2.5 kilometres south of previous drilling and indicates the mineralized intrusive-sediment contact has multi-kilometre, multi-zone potential.

A miner lost his life on Sunday at Coeur d’Alene Mines’ Palmajero silver/gold mine, in Mexico while performing maintenance work on surface equipment.

Una mayoría de tetelenses confirmó este domingo su rechazo absoluto el proyecto de Minera Frisco, propiedad de Carlos Slim, que pretende instalar una explotación a cielo abierto para la producción de oro en la región de La Cañada, y ha hecho un llamado a la construcción de un programa de desarrollo regional sustentable e integral alternativo a la mega minería.

Mundoro Capital Inc. announces the filing of the Company’s financial results for the quarter ended June 30, 2012. The highlights provided in this release should be read in conjunction with the Company’s quarterly financial statements and Management Discussion and Analysis, which are available on SEDAR at www.sedar.com. All dollar amounts are in U.S. dollars unless otherwise stated.

Orex Minerals Inc. in conjunction with their project partner Fresnillo PLC have commenced the Phase-II 12,000 metres diamond drilling program on their Coneto Silver-Gold Project in Durango, Mexico. A joint technical committee, with both Orex and Fresnillo representation, will manage the Coneto project.

Evrim Resources Corp. is pleased to announce that a second phase drilling and exploration program has been approved by partner Inmet Mining Corporation at the Company’s Suaqui Verde copper-molybdenum porphyry project in Sonora, Mexico. Evrim and Inmet have also received remaining assay results from the first phase drilling program. The approved program is designed to test a combination of geophysical targets and exposed surface targets within the Adriana system and the surrounding basin and will include preliminary geological and geophysical work on the Cardelena project, recently optioned by Inmet.

Azure Minerals Limited, the Mexican-focused minerals exploration company, is pleased to provide shareholders with an update of recent developments on two of the Company’s 100%-owned properties, La Tortuga and El Tecolote. The Company has in place farm-in agreements with the Japanese Government organisation, JOGMEC, over these projects through two separate joint ventures. Azure is free-carried for the first US$16 million of exploration expenditure.

Highvista Gold Inc. is pleased to report on the results of its Phase Two drill program at the Republicana Target at its 100% owned Canasta Dorada Gold Project, located within the Sonoran Gold Belt, in Sonora State, Mexico.

Scorpio Mining Corporation is pleased to report additional results from drilling along a new trend at its 100% owned El Cajón Deposit near Cosalá, Sinaloa, Mexico. El Cajón is located approximately 13.5 kilometers by road from the 1,500 tonnes per day Nuestra Senora processing plant. The deposit has been the subject of ongoing exploration since 2005 and plans are underway to shorten the road distance from Scorpio’s Nuestra Senora processing plant by approximately 5 kilometers with a new access route.