Month: January 2012

Lone Star Gold, Inc has filed an amendment to its La Candelaria Definitive Agreement in order to extend the Company’s work commitment to the project until March 11, 2012. With the extension in place until March 11, Lone Star will have the opportunity to drill 3-4 deep core holes to add to the Company’s understanding of the Mexico-based project’s mineral potential.

The Company signed a surface access rights agreement covering 129 hectares with a 30 year duration – The Company is securing drill permits for the commencement of the first phase of drilling at Santa Catarina gold project – A ground geophysical survey is anticipated to commence in Q1, 2012 – Initial drill testing is planned for Q2, 2012

SilverCrest Mines Inc. is pleased to provide an updated summary of its corporate mineral resources. The Company now has reported NI 43-101 compliant resources at the Santa Elena Mine, Cruz de Mayo property and La Joya property in Mexico (see table below). The addition of the initial La Joya Inferred Resources of 101.9 million ounces silver equivalent resulted in corporate Inferred Resources increasing by 424% from 24.0 million to 126.0 million silver equivalent ounces. The Company’s combined Probable and Indicated Resources (based on US$18 per ounce silver, US$1000 per ounce gold, and Ag:Au at 55:1) declined by 14.7% from 36.2 million to 30.9 million silver equivalent ounces as a result of production at the Santa Elena Mine in 2010 and 2011.

Copper Creek Gold Corp. is pleased to announce that the Company will soon commence a core drilling program on its Santa Lucia gold-silver project located 200 kilometres southeast of Hermosillo in Sonora, Mexico. Copper Creek may earn a 60% interest in Santa Lucia from Kootenay Gold Inc. (KTN-V) by spending $2,000,000.00 in exploration and making modest cash and share payments to Kootenay over a 4 year period. It is anticipated that drilling will begin in the second week of February, 2012.

Juanicipio: Preliminary 2012 Exploration Budget increased 89% over 2011 Preliminary Budget Cinco de Mayo: CM11-383 intersects 4.19 metres grading 183 g/t silver, 6.80% zinc and 12.3% lead

Catalyst Copper Corp. today announced an updated Measured plus Indicated Resource of 354.1 million tonnes grading 0.41% Cu; 0.043 g/t Au; 2.3 g/t Ag at its La Verde copper porphyry deposit in Michoacán State, Mexico. This represents a 71% increase in tonnage and 54% in contained copper over the previous resource released in January, 2011 (Table 1)