Month: April 2012

Westridge Resources Inc. announces that drilling at its Charay Project in Mexico has extended high grades in the El Padre Vein to depths of approximately 150 meters down dip (2.4m at 10.15 gpt Au, including 1.4m at 15.25 gpt Au and 127 gpt Ag). Drilling has also intersected additional high grade veins not previously known (1.0m at 20.6 gpt Au). Surface sampling has identified high grade gold values (up to 12.5 gpt Au) in new additional epithermal veins and extensions of the El Padre system.

Arian Silver Corporation, a silver exploration, development and production company with a focus on projects in the silver belt of Mexico, today announced the release of a Mineral Resource Report dated 23 April 2012 and entitled “Arian Silver Corporation, Resource Estimate 43-101 Technical Report, San José Project, Zacatecas, Mexico” prepared by CSA Global (UK) Limited relating to the updated mineral resource estimates contained in Arian’s press release dated 12 March 2012 entitled “Arian Silver Increases Contained Silver at San José by 32% to More Than 117 Million Ounces in Updated Mineral Resource Estimate”.

Parlane Resource Corp. announced that it has given notice terminating its option agreement to earn a 100% interest in the Mercedes Property located in Hermosillo in the state of Sonora, Mexico. (See press release dated February 22, 2011.)

International Northair Mines Ltd. is pleased to announce that an additional core drill rig is on site to expedite the drill program underway at its La Cigarra silver project, located in north central Mexico.

Garibaldi Resources Corp. is pleased to announce results of exploration drilling on its 100% owned Tonichi Project. The ongoing drill program was designed to evaluate the potential of the Locust Target that was defined by surface soil and rock chip sample anomalies (see press releases of June 2, 2010 and October 9, 2009). To date, four diamond drill holes have been completed using the Company’s drill, for a total of 905.8 meters drilled. A fifth hole is in progress. Assay results have been received for the first four holes. Hole LCT-11-03 has encountered gold mineralization of 1.25 g/t over 13.95 meters, and hole LCT-12-04 encountered 6.4 meters of 1.12 g/t Au. The table below includes assay results for the drill holes received to date.

Canasil Resources Inc. announces that Pan American Silver Corp. has elected to terminate the option agreement on Canasil’s Carina silver-gold project in Durango State, Mexico. At the time of entering into the agreement, Pan American was required to assign the agreement to the La Preciosa joint venture between Pan American and Orko Silver Corp. As previously announced by Orko on April 5, 2012, Pan American has relinquished its right to earn a 55% interest in the La Preciosa project and the Carina option will not be continued by the La Preciosa joint venture company. As a result Canasil now retains 100% interest in the Carina project.

Impact Silver Corp. is pleased to announce additional high grade silver values and wide zones of mineralization from the second phase drill program on the Oscar Project. Highlights include 1,875 g/t Silver across 1.00 meters and 115 g/t Silver across 23.39 meters. Oscar is located only 2.5 kilometers east of IMPACT’S operating 500-tonne-per-day Guadalupe processing plant in the 423 square kilometer Royal Mines of Zacualpan District of central Mexico. These results are in addition to previously announced results from the Oscar Project, which included multiple intersections over 1,000 g/t Silver (see IMPACT News Releases dated October 20 and 26, 2011).

Santa Fe Gold Corporation announced with profound sadness the death of Lawrence G. Olson, Chairman of the Company. Mr. Olson was removed from life support yesterday after having been in a coma since collapsing April 16, 2012. Mr. Olson was 74 years old.