Category: Exploration and Development

Cortez Gold Corp. is pleased to report that it has commenced construction to complete the gold-silver processing plant situated in Matehuala, Mexico. The Company recently closed the transaction to acquire 100% of the issued and outstanding shares of Altiplano Goldsilver S.A. de C.V. of Mexico by issuing 6,000,000 shares of Cortez to the shareholders of Altiplano Goldsilver with a commitment to spend US$1.3 million to develop and complete construction of the processing plant.

Oremex Silver Inc. is pleased to report positive results from a recently completed surface outcrop sampling program in the El Doctor zone of the wholly-owned San Lucas silver project. The El Doctor zone had not been previously sampled at the surface. In 2007, the Company completed drilling nearby that is being re-examined for a better understanding of the potential of the previously unrecognized gold-silver mineralization and to plan a drilling program.

Catalyst Copper Corp. today released the results of the final seven holes (6,771 meters) of its 2012 diamond drill program at the La Verde copper porphyry project in Michoacán state, Mexico.

MAG Silver Corp. is pleased to announce the results of an updated National Instrument 43-101 compliant Preliminary Economic Assessment for the Juanicipio Project in Zacatecas State, Mexico. The Updated Preliminary Economic Assessment was commissioned by Minera Juanicipio S.A. de C.V., a Mexican joint venture company, owned 44% by MAG and 56% by Fresnillo plc and was carried out by AMC Mining Consultants (Canada) Ltd.

Urastar Gold Corp. announces positive RC drilling at El Jabali, Mexico (805m/10 holes): near-surface high-grade Au intercepts include 59m @ 1.462 g/t (incl. 24m @ 3.324 g/t) and 112.8m @ 0.432 g/t north of La Dura; 13.7m @ 1.173 g/t south. Located 7km from Alamos Gold’s Mulatos Mine.

Geologix Explorations Inc. is pleased to report results from a 1.8 x 0.6 kilometre gold and silver enriched zone identified by extensive rock sampling. The area called Target Area #3 is located 1 km north of the proposed prefeasibility mill location. Highlight samples from Target Area #3 include 6.88 grams per tonne gold over 2.0 metres and 433 g/t silver over 1.6m. A total of 656 rock chip samples were collected, of which 68 samples are 217% higher in gold and 233 samples are 1036% higher in silver than the current Measured and Indicated resource grades being used in the prefeasibility study. For maps please go to the Tepal Project at the Company’s webpage (www.geologix.ca).

International Northair Mines Ltd. (TSXV: INM) (the “Company” or “Northair”) is pleased to announce that two core holes have been completed in its current drill program (see Northair press release dated May 29, 2012) at the Sierra Rosario silver/gold project located in Sinaloa State, Mexico. Results from these holes will be reported once assays have been received and interpreted by the Company.

Torex Gold Resources Inc. is pleased to announce that the initial drill program at its Media Luna target, south of the Balsas River, on the Morelos Project in Mexico, has discovered consistent gold mineralization over a 900 meter strike length. The first five holes drilled into the Media Luna target are reported, with intervals that include 6.13 g/t Au, 58.7 g/t Ag, and 2.40% Cu over 4.8m in ML-01, and 4.27 g/t Au, 9.0 g/t Ag and 0.78% Cu, over 4.4m in ML-02, and 6.56 g/t Au, 10 g/t Ag and 1.15% Cu, over 7.1m in ML-08.

VVC Exploration Corporation is pleased to announce the results of a geological mapping, rock and soil geochemical exploration program in the southern segment of its Cumeral Property, located 70 km to the south of the US border, in Sonora State, Mexico. The exploration program was carried out by independent geological consultants and a National Instrument 43-101 report on the property is being prepared by Michel Boily, PhD, P. Geo. It will be released when completed.

Goldgroup Mining Inc. is pleased to announce that it has completed the next stage of its permitting process at the Caballo Blanco project by submitting responses to the list of comments from the Secretaría de Medio Ambiente y Recurso Naturales, also known as the Ministry of Environmental and Natural Resources, received on March 13, 2012, regarding its previously submitted Environmental Impact Statement. Goldgroup’s responses were filed within the 60 working day timeframe provided by SEMARNAT. The responses are standard procedure in the environmental permitting process and are meant to clarify certain aspects of Goldgroup’s permit application, as well as facilitate SEMARNAT’s review of the EIS. The environmental permitting process is governed by Mexican federal law and regulations.