Month: September 2012

Great Panther Silver Limited today announced it has purchased a 100% interest in the El Horcon Silver-Gold Project in Jalisco State, Mexico from Compania Minera El Dore, S.A. de C.V., a private Mexican company, for total consideration of US$1,600,000 in cash. El Horcon covers 7,908 hectares in 17 contiguous mining concessions and is located 60 kilometres northwest of Great Panther’s Guanajuato Mine Complex. As such, it is within trucking distance to the Company’s Cata Processing Plant.

Soltoro Ltd. has encountered additional high-grade silver mineralization at depth at the La Soledad West deposit on its El Rayo Project in Jalisco. Mexico. Three of four step-out diamond drill holes have intersected high-grade silver mineralization with each hole containing intervals of nearly 500 g/t silver. Further drilling at depth and along strike to the east and west is planned to define the limits of the La Soledad West deposit.

Paramount Gold and Silver Corp. today released results from an updated NI 43-101- compliant resource estimate for its 100%-owned San Miguel Project in Mexico. The updated estimate was prepared by Mine Development Associates (MDA, www.mda.com) of Reno, Nevada and includes data from 139 new core drill holes totaling 37,925 meters completed during 2011 and the first half of 2012. Previous resource estimates used in this press release for comparison purposes were also prepared by MDA.

Agnico-Eagle Mines Limited is pleased to announce that its Board of Directors has approved the development and construction of the La India mine in Sonora, Mexico.

Torex Gold Resources Inc. is pleased to report that drilling results continue to expand the gold-copper-silver mineralization at its Media Luna discovery located south of the Balsas River, on the Morelos Project in Mexico. In addition, work is continuing on several other high potential targets south of the Balsas River.