Day: February 4, 2013

Paramount Gold and Silver Corp. reported today that results from the Preliminary Economic Assessment for its 100%-owned San Miguel Project in Mexico are scheduled for release in late February, 2013. Exploration drilling also continues on key targets in the high-grade Don Ese area.

Cayden Resources Inc. is pleased to announce the sale by Cayden’s Mexican subsidiary LC Mines, S.A. de C.V. of two blocks of the eastern portion (15%) of its Morelos Sur Concession “Morelos East Concession” to Desarrollos Mineros San Luis, S.A. de C.V., Goldcorp’s subsidiary which owns and operates the adjacent Los Filos mine in Guerrero State, Mexico.

Fortuna Silver Mines Inc. is pleased to announce that the transaction to acquire the Taviche Oeste Concession (Fortuna news release January 24, 2013) has now closed. Fortuna has acquired a 55 percent interest in the property for a US$4 million cash payment and entered into an option agreement whereby upon announcement of a production decision, Fortuna may purchase the remaining 45 percent interest for a US$6 million payment. The Taviche Oeste concession is subject to NSR royalties totaling 2.5 percent.

Geologix Explorations Inc. is pleased to announce that recent prefeasibility study optimization metallurgical test work indicates the potential to increase overall gold recovery in the sulphide mill design by 16.4% and silver recoveries by 31.4% compared to the April 2011 Preliminary Assessment Study completed by SRK Consulting (Canada) Inc. Sulphide processing material in the PA accounted for 90% of the total processed material (10% Oxide).