Category: Exploration and Development

Levon Resources Inc. is pleased to announce the filing of the Preliminary Economic Assessment for its 100%-owned, 20,000-hectare (49,400-acre) Cordero Project in northwest Mexico, the results of which were previously announced on January 30, 2012.

Silvermex Resources Inc. announces underground drill results from its La Guitarra mine, located in the Temascaltepec Mining District in the State of Mexico. A total of 91 underground drill holes have been completed for a total of 7,636 m. This drilling completes the 7,500 m drill program proposed in 2011, which was designed to test the continuity of various structures underground throughout the La Guitarra Mine. Drilling is ongoing by two contractor rigs and two rigs owned by the mine.

34% Increase in Inferred Resources Over 2011

NSX Silver Inc. and NSGold Corporation are pleased to announce the commencement of the Phase 1 drilling program on the Dios Padre Project located in the Sierra Madre Occidental region of the State of Sonora, Mexico.

Dia Bras Exploration Inc. is pleased to announce results of drilling and sampling of veins at its La India project in the Cusi property, Chihuahua, Mexico. Drilling has been conducted on the Durana and Saturno veins (see figure 1:Map of the La India Area) and the San Jose vein has been sampled along its strike length where the vein is exposed in old pits and stopes.

Stroud Resources Ltd. is pleased to announce the latest results from its drill program at the Santo Domingo project in central Mexico. The three drill holes were drilled on section 5829 North, below DDH-42 (see December 1, 2011 press release) and above DDH-11. These holes trace the mineralization 175 metres down dip.

Paramount Gold and Silver Corp. today reported more outstanding assay results which significantly expand the size of its new high-grade gold discovery south of the La Union zone as announced last month. Core hole LU-12-035 intersected 23.8 meters grading 4.7 g/T of gold and 6.8 g/T of silver. Hole LU-12-035 lies 80 meters south of discovery core hole LU-12-027 which intersected 79 meters grading 3.70 g/T of gold and 17.34 g/T of silver (see news release of February 16, 2012).

McEwen Mining Inc. is pleased to announce new exploration drill results from its El Gallo Complex in Sinaloa State, Mexico. Highlights include a new discovery called CSX, which returned an impressive 629.4 gpt silver over 6.1 meters and from Palmarito, which returned 240.7 gpt silver over 8.6 meters. Mineralization in both areas starts from surface. In addition, reconnaissance work inNayarit State, which is located south of Sinaloa, has discovered an exciting silver prospect, which is showing good potential for size and grade (Exhibit 1 & 4).

Bearing Resources Ltd. is pleased to announce the Company has executed a binding letter of intent to acquire a 100% interest in the 13,400 hectare Kilometer 66 (“Km 66”, also known as Mapimi) silver-gold-lead-zinc property located immediately adjacent the Company’s 26,474 hectare Parrandera property in Durango, Mexico.

Westridge Resources Inc. announces that geological mapping and trenching has identified several new epithermal veins south of the main El Padre Vein. This field work is being conducted concurrently with the diamond drill program underway on the Charay Project.