Category: Exploration and Development

MAG Silver Corp. is pleased to announce that exploration drill hole CM12-431 has intersected four distinct, closely spaced zones of massive sulphides ranging from 3.1 metres to 61.6 metres in thickness (See Diagram 1 and Table 1). These new discovery intercepts were drilled approximately 225 metres beneath the strongest mineralization previously drilled in the “Jose Manto-Bridge Zone” and show all of the hallmarks of the near-source part of the Carbonate Replacement Deposit system that MAG has been systematically seeking at Cinco de Mayo. The mineralization in the upper intercept of Hole CM12-431 is likely connected to the 4 kilometre long Bridge Zone-Jose Manto where high grade mineralization of lead, zinc and silver has previously been drilled.

El Tigre Silver Corp. is pleased to provide a drill hole assay report from the most recent four holes from the ongoing Gold Hill core drilling program at its 100% owned El Tigre silver project in Sonora, Mexico.

Riverside Resources Inc. and its partner, Sierra Madre Developments are pleased to announce results of two step-out holes (CDDH 12-12 and CDDH 12-13) drilled approximately 50 meters to the east of the area referred to as the Main Zone of the El Capitan Target (see press release dated October 24, 2011). Results of CDDH-12 and CDDH 12-13 include some of the widest and best grade intervals encountered to date within El Capitan. CDDH 12-13 is a vertical hole drilled from a station approximately 50 meters east of CDDH 11-07 and CDDH 12-11 and intersected mineralization from surface to a depth of 130.20 meters. The entire hole returned an average grade of 0.555 g/t gold, including a 61.15 meter section that averaged 0.919 g/t gold. The hole was stopped in mineralization, which is open at depth below this hole. CDDH 12-12 was drilled at an inclination of 60 degrees from the same pad and intersected mineralization from surface to a depth of 161.8 meters. The entire drill hole averaged 0.329 g/t gold and included a 29.31 meter interval that averaged 0.737 g/t gold. The true thickness of these mineralized intervals is estimated to be approximately 90% of the reported core lengths. The eastern part of the Main Zone has returned the widest mineralized intervals encountered so far at El Capitan and appears to be open for expansion down dip of CDDH 12-13. Additional drilling in this area is planned upon completion of the current program.

Lone Star Gold, Inc. is pleased to provide an update on its Tailings Project operations and expansion near the city of Hidalgo Del Parral in the state of Chihuahua, Mexico.

Scorpio Mining Corporation is pleased to report preliminary results from the recently completed drill program at its 100% owned San Rafael Project in Cosalá, Sinaloa, Mexico. The San Rafael Project is a zinc-lead-silver-copper project located approximately 16 km from Scorpio Mining’s operating Nuestra Señora plant which currently processes approximately 1,500 tonnes per day.

Aura Minerals Inc. is pleased to announce it has received the results of the preliminary economic assessment study on a mine and mill expansion at its wholly-owned Aranzazu copper project in Zacatecas State, Mexico.

El legislador Lauro Sánchez advierte que el plan de explotación cielo a vierto para la obtención de oro pone en riesgo los manantiales de la región

Orex Minerals Inc. in conjunction with their project partner Fresnillo have selected Kluane Drilling Ltd. as the service provider for a 12,000 metre drilling program on the Coneto Silver-Gold Project in Durango, Mexico.

“We are pleased to have closed the $5 million Facility with SRLP at this time,” reported Gordon Cummings, President and CEO of Kimber Resources. “Kimber appreciates this supportive cash funding from the Sprott Group and will continue to advance the Monterde project in the prolific Sierra Madre gold-silver belt in Mexico.”

Tara Minerals Corp. is pleased to announce that work is under way to develop a district wide production plan. Tara currently has 100% ownership in over 25,770 acres in the Don Roman district. The first district project to reach commercial production is expected to be the Champinon iron ore property. The cash flow from this initial 2012 production project will be leveraged to mine the known gold, silver, zinc and lead veins within the district.