Category: Exploration and Development

Camino Minerals Corporation is pleased to announce that it has signed a Letter of Intent with Arcelia Gold Corp. that sets out the terms upon which the Company can acquire from Arcelia the sole and exclusive right and option to acquire up to an 80% interest in the El Secreto Gold, Silver and Copper project located in Sinaloa State, Mexico.

Evrim Resources Corp. is pleased to announce the commencement of exploration work in the Trans Mexican Volcanic Belt in Mexico. The program is being jointly operated and funded by Evrim and regional exploration partner Newmont Ventures Limited.

Aurcana Corporation is pleased to report it has increased its ownership in Real de Maconi S.A. de C.V. from 92% to 99.86% as a result of a recent capital restructure of Real de Maconi. Real Maconi holds a 99.99% interest (one share representing a .00002% interest is held by a third party) in Minera La Negra S.A. de C.V. which has a 100% interest in the La Negra Mine.

A federal agency created by the Conservative government to mediate complaints about Canadian mining operations abroad has spent more than $1.1 million in the past two years, but has yet to mediate anything.

Citation Resources Inc. is pleased to announce that it has now commenced an initial reconnaissance exploration program and deployed a geological field crew on the Biricu Property situated in the Guerrero Gold Belt in Morelos State, Mexico.

Southridge Enterprises Inc. announced that it will conduct additional rock sampling of the ore stockpiles at Cinco Minas to confirm the grades and tonnage cited in the 2007 Behre Dolbear Report, as part of the recently announced exploration program.

Cream Minerals Ltd. is pleased to provide results for seven exploration drill holes completed on Cafetal-Veta Olvidada, The Cafetal-Veta Olvidada zone is located to the east of Once Bocas South and trends SE/NW. This new zone is not included in the current NI 43-101 Inferred Mineral Resource.

Paramount Gold and Silver said Thursday it has discovered a new high-grade gold zone, or ‘Clavo’, on the southern edge of the La Union deposit at its wholly-owned, 150,000-hectare San Miguel project in northern Mexico.

American Consolidated Minerals Corp. announces it has arranged a non-brokered private placement of up to 20,000,000 Units at a price of $0.05 per Unit for gross proceeds of $1,000,000.

Chesapeake Gold Corp. is pleased to announce the results of a new NI 43-101 compliant resource estimate for its 100% owned Metates gold-silver project located in Durango State, Mexico. The resource estimate was prepared by Independent Mining Consultants (“IMC”) of Tucson, Arizona and incorporates 53 core holes totalling 23,500 meters completed by Chesapeake in 2011. The previous resource estimate for the Metates deposit was announced in April 2010 and was based on a gold equivalent cutoff grade of 0.40 g/t gold and assumed metal prices of $900 per ounce gold and $14 per ounce silver. The new resource is based on assumed metal prices of $1,200 per ounce gold and $24 per ounce silver and a cutoff grade of 0.35 g/t gold equivalent(i).