Month: October 2012

Westminster Resources Ltd., which is trading near year lows, said it has successfully completed its 2012 Phase One $1.6 million exploration program at the Cumbral-San Bartolo property. Located in Sonora, Mexico, work included a 3D-Induced Polarization and ground magnetic geophysical survey covering 219 line kilometers of survey grid, over 5,000 soil geochemical samples, rock prospecting-geological mapping (over 700 samples) and a diamond drill program of seven holes (total 1,641 meters) on the Cumbral trend. The exploration program was funded by Capstone Mining Corp. in accordance with a $9.3 million agreement that was announced in April 2012.

Corex Gold Corp. wishes to announce that, further to its news release dated July 25, 2012 relating to a letter of intent with Vale Exploration Canada Inc., a wholly-owned subsidiary of Vale S.A., the parties have extended the deadline for entering into a formal option agreement with respect to the Company’s Santana Project from October 19, 2012 to November 5, 2012.

Torex Gold Resources Inc. is pleased to report that the first two holes drilled into its Media Luna West target have returned high-value, gold-copper-silver mineralization of significant thickness. Borehole SS-06 delivered 14.6m with Au eq. grade of 8.76 g/t. Borehole MLW-04 delivered 39.4m with Au eq. grade of 4.00 g/t The Media Luna Area contains three magnetic anomaly targets that cover approximately 500 hectares. Media Luna West is the second of these targets to be drill tested and is located approximately 1.4 km to the west of the main Media Luna target. The third target is scheduled to be tested later in the drill program and as well, there are several other magnetic anomaly targets in close proximity to the Media Luna Area, at the Morelos Gold Project in Mexico.

Paget Minerals Corp. announced today the initiation of Phase 1 drilling at the San Ricardo Gold-Silver Project located within the prolific porphyry and epithermal gold-silver-copper belt of northern Sonora State, Mexico. Paget has an option to earn up to 60% of the 38,100-hectare property from Sundance Minerals Ltd.

Soltoro Ltd. holds a total of 6,847,000 common shares of Argentum Silver Corp. and is completing the transfer of 100% of the mining rights to the Coyote property to Argentum Silver Corp. Upon transfer, Soltoro will retain a 3% Net Smelter Return interest in Coyote whereby 1% can be purchased by Argentum Silver for US$1.5 million to a maximum of 2%.