Category: Exploration and Development

IMPACT Silver Corp. is pleased to announce high grade gold and silver values from the 2012 drill program at the Carlos Pacheco Gold-Silver Project. The project is located in the Valle de Oro area, six kilometers southwest of IMPACT’s operating mill at Zacualpan, central Mexico. Fieldwork in the Carlos Pacheco area began in 2007 with a systematic mapping and rock sampling program followed by an initial drill program that cut high grade gold intersections of up to 19.6 grams per tonne (g/t) gold across 2.9 meters (m) including 49.7 g/t gold across 1.0 m (see IMPACT News Releases dated January 18, 2007 and December 4, 2008).

Catalyst Copper Corp. advised that an initial draft of the Preliminary Economic Assessment on the La Verde copper porphyry deposit located in Michoacán State, Mexico initiated in early May 2012 by AMC Mining Consultants Ltd. of Vancouver was delivered to management at the end of June. Management and its financial advisors, Endeavour Financial Limited (of both Vancouver and London), have now completed their review and provided comments to AMC. Subject to final review, it is expected that report will be publicly released later this month.

Soltoro Ltd. and Argentum Silver Corp. are pleased to announce assay results from 10 additional diamond drill holes recently completed on the La Florida and La Colorada veins at the Coyote silver gold property, located in Jalisco State, Mexico. These 10 drill holes represent the balance of a first phase 26 hole orientation drill program completed by Argentum Silver at Coyote.

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.