Month: October 2012

Animas Resources Ltd. is pleased to provide the following update on progress at the Santa Gertrudis Gold Project in Sonora State, Mexico made since it regained access to the property in late June.

Evrim Resources Corp. is pleased to announce that crews have mobilized to the Suaqui Verde and Cardelena copper projects in Sonora, Mexico. Evrim’s exploration partner, Inmet Mining Corporation, has approved a $1.32 million program consisting of geological mapping, geophysical surveys, and a 2,300 metre drill program.

Paramount Gold and Silver Corp. today reported outstanding new drill results from extensions to the La Union deposit which sits within the 7.5 km. long Guazapares Megastructure at its 100% owned San Miguel Project in northern Mexico. Of 13 new core holes drilled, 10 intersected significant gold and silver values which are expected to improve the size and grade of San Miguel’s estimated resources.

International Northair Mines Ltd. is very pleased to announce the acquisition of a significant package of mineral concessions totaling nearly 32,000 hectares contiguous to the Company’s La Cigarra silver project located in the state of Chihuahua, Mexico. The land package was acquired through an option agreement, staking and purchase to cover permissive ground that surrounds the Company’s original La Cigarra concessions. Drilling at La Cigarra by the Company has outlined a potentially surface minable mineralized system with an open ended strike length in excess of three (3) kilometres. An initial resource estimate utilizing the results from 111 core holes and 11 reverse circulation holes covering 2,400 metres of this system is presently being calculated.

MAG Silver Corp. is pleased to announce that Roscoe Postle Associates Inc. has completed the first independent mineral resource estimate for the Bridge Zone/Jose Manto on its 100% owned Cinco de Mayo Property in northern Chihuahua, Mexico. Inferred Mineral Resources are estimated to be 12.45 million tonnes at 132 grams per tonne (3.9 ounces per ton) silver, 0.24 g/t gold, 2.86% lead, and 6.47% zinc (9.33% lead plus zinc).

Wealth Minerals Ltd. is pleased to announce that geological mapping and sampling at the Valsequillo property has provided confirmation of bulk-tonnage potential. In the Western Corridor (Figure 1, Table 1), discovery of additional veins and silicified fault zones now outlines a priority target area measuring approximately 900 metres long and 1,000 metres wide. Sampling of artisanal workings (29 samples) returned encouraging grades peaking at 494 g/t silver, 1.07 g/t gold, 11.9% zinc, 4.09% lead and 9.47% copper (data ranges and mean grades are provided in Table 1). Phase II exploration is now being planned with the goal of defining priority targets for drill testing.