Category: Exploration and Development

U.S. Precious Metals, Inc. today reports that over the past several months, USPR has hosted a number of site visits to its 37,000 acre mining concessions located in Michoacán, Mexico. The visits were undertaken by mining, consulting and investment banking entities, and were carried out by USPR’s President and Senior Geologist, Mr. David Burney.

Lone Star Gold, Inc. is please to provide an update on the Company’s 1st stage drilling progress on its Mexico-based La Candelaria gold-silver project. Lone Star has a 70% Working Interest in the project, which comprises ~1,976 acres (~800 hectares) of mining concessions located roughly 125 miles (200 km) southwest of the capital city of Chihuahua State, Mexico.

US Gold Corporation is pleased to announce results from regional drilling at the El Gallo Complex, in Sinaloa, Mexico. Results contained in this release are focused on the Mina Grande area (Fig. 1), where earlier in 2011 drilling discovered several zones of encouraging near-surface gold and silver mineralization. New drill highlights include: 3.2 grams per tonne (gpt) gold over 14.0 meters (m), 1.8 gpt gold over 19.4 m and 7.7 gpt gold, 2070 gpt silver over 1.0 meter.

Endeavour Silver Corp. announces that exploration drilling east of the Lucero-Karina-Fernanda-Daniela mine area at Endeavour’s Guanajuato Mines project in Guanajuato State, Mexico has discovered two new high grade silver-gold veins.

Aurcana Corporation is pleased to announce that underground drilling at the La Negra Silver-Copper-Lead-Zinc Mine, located in Querataro State, Mexico, has intersected new deeper mineralization below the 1920 m. level of the mine. This is the first time Aurcana has indentified significant amounts of mineralization at this depth.

Extends Strike Length to 350 Meters, San Diego Property, Mexico

Astral Mining Corporation is pleased to report the second batch of results from drilling at the Los Crestones property, Sinaloa state, Mexico. Highlights from holes 7 to 12 of the recently-completed 18 hole 2,618.61m program include 5m averaging 39.1 g/t gold, 93.3 g/t silver and 2.13% copper. This interval from hole 11LD011 included 1m of 162.5 g/t gold, 270 g/t silver and 3.02% copper. Intervals stated are core length. True widths are not known as mineralization geometry is not completely understood at this time.

Cerro Resources NL is pleased to announce nine additional core hole drill results from the Namiquipa Silver Project, in Chihuahua state, Mexico. Currently 57 holes have been completed for a total of 21,256m of core, with further assays pending.

Currently, the Company’s efforts are focused on the Yerington copper district in Nevada and gold and silver in central Mexico. Other precious and base metal projects are largely operated by joint venture partners and require little or no funding.

Source Exploration Corp. is pleased to report that step-out drilling at the Company’s Las Minas Project has extended the favourable mineralized skarn zone by a further 432 metres on-strike for a total known strike length of approximately 712 metres.