Month: September 2012

Silver Bull Resources, Inc. is pleased to announce it will expand its underground Termite “twinning” drill program presently targeting the “high grade silver zone” into the “high grade zinc zone”, a zone of mineralization which sits adjacent to and below the silver mineralization. The planned initial program in the high grade zinc zone will consist of 2,000 meters of diamond core drilling.

Silver Shield Resources is pleased to announce that it has entered into a letter of intent to acquire a undivided 100% interest in the former producing Real de Guadalupe Gold and Silver Mine in Guerrero State Mexico. The Corporation has until November 17, 2012 to complete its due diligence and enter into a binding agreement upon successful review of the property, title and property visits. Terms for the letter of intent are stated in USD, and are as follows:

Southridge Enterprises Inc. is pleased to announce that it has commenced a 50,000 meter exploration drill program at Gran Cabrera Gold & Silver Mining properties in Mexico, where previous underground workings stated grades from this area in the order of 200-500 gram Silver and 3.4 gram Gold based on average assays from chip and channel samples. Historical information stated that ore from the Gran Cabrera mines could obtain assays in the order of 9 kilograms (290 oz) silver and about 10.3 grams (0.3 oz) gold in bulk operations, all high-end bonanza grade values.

Newstrike Capital Inc. announces the results from 4,948 meters of drilling completed this period as part of the 2012 drill program in progress at the Company’s 100%-owned Ana Paula Project in the Guerrero Gold Belt. The results are from the ongoing delineation program in the southeast quadrant and from new exploration in the southwest quadrant. Drill results from the Breccia Zone delineation program remain in strong gold mineralization and further follow up drilling is planned.

Source Exploration Corp. is pleased to report that the first two step-out holes drilled proximal to the high-grade discovery hole LM-11-SC-45 have intersected significant copper and magnetite mineralization indicative of strong potential to expand this high-grade area at Las Minas. The discovery hole graded 15.89 g/t gold (Au), 12.98 g/t silver (Ag) and 2.25 percent copper (Cu) over 10.0 metres (m) – see press release dated January 26, 2012 .

Argentum Silver Corp. has commenced a second phase drilling program at its 1053-hectare Coyote Property in the State of Jalisco, Mexico. The second phase diamond drill program is aimed at demonstrating grade and thickness continuity on the El Tajo vein as well as some scout drilling on the La Colorada and La Valenciana veins. Sixteen drill holes are planned totaling 2,000 metres. Combined, the El Tajo and La Colorada veins have been traced for over a 900 metre strike length on surface. In addition, a new vein system called La Valenciana has been defined approximately 750 metres to the south-west of El Tajo. The La Valenciana vein system is traceable on surface for over 450 metres as a series of exposures and underground workings supported by trenching, geophysics, and soil and rock sampling.