Month: December 2011

December 14, 2011 – Mr. Thomas Skimming, CEO of MacMillan Minerals Inc., is pleased to announce that the Company has signed a consent for the assignment of the property rights for the La Violetta Properties from Lake Shore Gold Corp.and West Timmins Mining Inc. to Revolution Resources Corp. as news released by Lake Shore Gold Corp. on December 14, 2011. The consent by the Company included a transaction specific waiver of the Company’s right of first refusal to allow this transaction to proceed.

Revolution Resources Corp. reported that it has signed a formal option agreement with Lake Shore Gold Corp. to acquire up to 100% of Lake Shore Gold’s four large properties in Mexico formerly held by West Timmins Mining Inc. Lake Shore Gold acquired West Timmins Mining in November 2009.

El Tigre Silver Corp. is pleased to announce significant progress on its tailings recovery project, which is located on concessions that are part of El Tigre’s 431 square kilometer concession ownership in Sonora, Mexico. The company has now received all channel sample assay results, completed an aerial survey for new topography and drilled 46 holes for metallurgical and assay samples from within the pile.

Golden Fame Resources Corp. announces significant progress with respect to diamond drilling at its Algun Dia Cu-Ag-Au prospect located near the mining center of Guanajuato, in the State of Guanajuato, Mexico. Algun Dia is located approximately 20 kilometers from the world-class silver deposits of Guanajuato which, over approximately 400 years of mining history, having produced over 2 billion ounces of silver (refer to www.goldenfameresources.com for details).

Golden Goliath is very pleased to announce that it has signed the final Earn-in and Shareholders Agreement with a Mexican subsidiary of Agnico-Eagle Mines Limited (“Agnico”) for the exploration and development of the Company’s Las Bolas/Los Hilos property (see map: http://www.goldengoliath.com/pdf/URUACHIC%20MINING%20DISTRICT%20Dec%2013%202011%20gng%20maps%20%282%29.pdf ). Under the terms of the agreement, which is subject to conditions, including TSX-V approval, Agnico’s Mexican subsidiary has the right to earn a 51% interest in the property by spending $5,000,000 on the property over a period of 5 years. The first year’s work commitment is a firm commitment of $500,000 with expenditure requirements increasing each year thereafter. Upon exercising its option, Agnico will have the right to earn an additional 20% interest by spending $4 million over another period of four years and completing a feasibility study or by spending $10 million over a longer period of eight years.

Sonora Resources Corp., a mineral exploration and development Company focused on the acquisition of international silver and gold mining properties, is pleased to advise that recent activities in Mexico have resulted in the completion of a preliminary NI 43-101 report regarding the Los Amoles project in the State of Sonora.

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.