Category: Exploration and Development

Goldgroup Mining Inc. is pleased to announce that additional drill holes at the Company’s 100%-owned Caballo Blanco gold project in Veracruz, Mexico have yielded significant gold intercepts, expanding the La Paila oxide gold zone to the southwest. All ten drill holes reported below are part of the ongoing diamond drilling program to define the La Paila Zone at Caballo Blanco. Of the ten drill holes reported below, eight of these drill holes were used to expand the southwestern flank of the La Paila Zone, as the zone currently remains open in this direction.

Bearing Resources Ltd. is pleased to announce results from its Parrandera gold-copper (+/-zinc +/-silver) prospect in the Mapimi area of northeast Durango, Mexico. Sampling from an adit constructed by historic miners returned a 20 metre weighted average interval grading 2.58 g/t gold and 0.33% copper. Samples collected the full length of the 92.73 metre long adit returned a weighted average of 0.86 g/t gold and 0.15% copper.

Paramount Gold and Silver Corp. today reported more high-grade assay results from eight additional holes drilled at the fast-growing silver-rich San Antonio deposit on its 100%-owned San Miguel Project in Mexico.

Golden Minerals Company is pleased to report significant
operating improvements at the Velardena Operations, located in the
State of Durango, Mexico, since the merger with ECU Silver on
September 2, 2011. The Company also announced plans to rationalize
its extensive exploration portfolio.

IMPACT Silver Corp. is very pleased to announce that construction of the new Capire Open Pit Silver Mine has now commenced. Capire represents a new production center in a new mining district and an opportunity that, upon successful completion of the proposed exploration and development programs, would propel IMPACT to become a multimillion ounce silver producer. Capire is located in the Mamatla Mineral District, 16 kilometers southwest of IMPACT’s active mining and processing operations at the Royal Mines of Zacualpan Silver District, Mexico.

Silver Bull Resources, Inc. is pleased to provide the results for another 8 drill holes that were completed at the end of 2011 targeting the “Centenario Zone”, a new zone of silver mineralization that lies to the north and immediately adjacent to the “Shallow Silver Zone”.

Aurion Resources Ltd. is pleased to report that it’s partner AuRico Gold Inc has advised Aurion it commenced diamond drilling at La Bandera in late November and to date has completed seven diamond drillholes comprising approximately 3300 m of a proposed 6800 m program on Aurion’s wholly owned La Bandera gold project in Durango, Mexico. Assays are pending but will be reported at the end of the drill program when all assays and results have been received and compiled.

The Concepcion del Oro gold district in the northern Zacatecas state of Mexico is no stranger to gold discovery. This region is home to some of the most significant precious metal discoveries in recent memory. With major companies like Goldcorp now firmly entrenched in the area, it is a very good place for junior exploration companies to be exploring.

Virgin Metals Inc. today released the results of a Preliminary Economic Assessment on its 100% owned Los Verdes Project in Sonora Mexico including a financial analysis of the impact of Virgin’s recent Potreritos acquisition.

Source Exploration Corp. is pleased to announce that its wholly owned Mexican Subsidiary Roca Verde Exploration de Mexico has signed an option agreement with Empresa Minera Caprice, JC, S.A. de C.V. to acquire up to a 100% interest in its Capricho mineral exploration concessions located in Sinaloa, Mexico. The terms of the option agreement were detailed in a previous press release dated November 9, 2011. Drilling prospective high grade targets is scheduled to commence in January.