Month: July 2012

Victory Resources Corp. is pleased to announce that it has completed the acquisition of the El Boleo property from Minera Copper Canyon S.A. de C.V. a private Mexican corporation. The transaction will allow the Company to acquire up to a 100% interest in El Boleo which is located adjacent to the historic Reforma Mine, the Santo Tomas Copper-Gold deposit, and in close proximity to the Bahuerachi Copper Deposit.

IMPACT Silver Corp. is pleased to announce high grade gold and silver values from the 2012 drill program at the Carlos Pacheco Gold-Silver Project. The project is located in the Valle de Oro area, six kilometers southwest of IMPACT’s operating mill at Zacualpan, central Mexico. Fieldwork in the Carlos Pacheco area began in 2007 with a systematic mapping and rock sampling program followed by an initial drill program that cut high grade gold intersections of up to 19.6 grams per tonne (g/t) gold across 2.9 meters (m) including 49.7 g/t gold across 1.0 m (see IMPACT News Releases dated January 18, 2007 and December 4, 2008).

Catalyst Copper Corp. advised that an initial draft of the Preliminary Economic Assessment on the La Verde copper porphyry deposit located in Michoacán State, Mexico initiated in early May 2012 by AMC Mining Consultants Ltd. of Vancouver was delivered to management at the end of June. Management and its financial advisors, Endeavour Financial Limited (of both Vancouver and London), have now completed their review and provided comments to AMC. Subject to final review, it is expected that report will be publicly released later this month.

Soltoro Ltd. and Argentum Silver Corp. are pleased to announce assay results from 10 additional diamond drill holes recently completed on the La Florida and La Colorada veins at the Coyote silver gold property, located in Jalisco State, Mexico. These 10 drill holes represent the balance of a first phase 26 hole orientation drill program completed by Argentum Silver at Coyote.

Urastar Gold Corp. is pleased to announce that it has entered into a contract for 1500m of core drilling in three (3) 500m holes at its flagship El Antimonio Property. Urastar also plans to complete the previously announced 10,000m reverse circulation drilling program at El Antimonio. To date, over 6700m has been drilled in 31 RC holes at El Antimonio. Results have been announced up to hole 24 and have returned several wide gold bearing intercepts including those summarized in the table below.

Con el objetivo de “reconocer y evaluar los yacimientos de minerales (plata y Oro)”, la empresa Minera Espejeras, S.A. de C.V., subsidiaria de Minera FRISCO, propiedad de Carlos Slim, presentó finalmente ante la SEMARNAT el pasado 29 de junio un estudio para la autorización de impacto ambiental para el proyecto de exploración minera en Tetela de Ocampo.

Excellon Resources Inc. reports that on Monday, July 9th, members of the Edijo de La Sierrita, assisted by the NGO group PRODESC and Sindicato Nacional de Trabajadores Mineros Metalúrgicos, Siderúrgicos y Similares de la República Mexicana which is affiliated with the United Steelworkers Union of Canada (USW) commenced an illegal action at the Company’s La Platosa Mine, located in Durango Mexico.