Category: Exploration and Development

McEwen Mining Inc. announces that follow-up core holes at the new Central Zone have expanded the gold mineralization in several directions. Central is located inside the Company’s El Gallo 1 mine in Sinaloa, Mexico (Fig. 1). It is situated between two known resources, where mining began on April 1st (Fig. 2). Based on the results in this news release plus prior holes, there appears to be good potential to mine the area as one enlarged open pit rather than as two separate pits.

Sierra Metals Inc. (previously Dia Bras Exploration) is pleased to announce that drilling has encountered wide zones of mineralization in both the Upper and Lower Skarn horizons located 600 m northwest of the major ore-hosting zones of the Bolivar (Alta Ley) Mine. In addition, step-out drilling from the El Gallo deposit has extended that mineralized zone 600 m to the northeast with high grades of zinc in the Upper Skarn horizon.

Azure Minerals has started drilling a 24 hole drilling program totalling 2,800 metres at its Cascada copper prospect of the Promontorio copper-gold-silver project in Chihuahua, Mexico.

Soltoro Ltd. participates in discoveries and advancements at Coyote through its ~15% equity holding in Argentum Silver Corp. and its retained 3% N.S.R. royalty interest in the Coyote property.

Almaden Minerals Ltd. is pleased to announce the results from Almaden’s ongoing 2013 Ixtaca Zone drill program at the Company’s 100% owned Tuligtic project, Mexico. The 2013 drill program is focussed on expanding the known resource immediately along strike to known mineralisation, adjacent to the current resource shell and within what is considered a potential pit shell. The drilling encountered a new vein zone east of, and parallel to, the main Northeast extension (Chemalaco) zone. Highlights from the holes released today include the following intercepts:

Cayden Resources Inc. is pleased to announce that it has received initial gold values from its ongoing trenching programs at the El Barqueño property located in Jalisco State, Mexico. Highlights include 91 meters of 2.9 g/t Au, 40 meters of 1.8 g/t Au, 3 meters of 7.9 g/t Au and 10 meters of 2.1 g/t.

Excellon Resources Inc., Mexico’s highest grade silver producer, is pleased to provide an update on the status of its agrarian legal suit against the Ejido La Sierrita (the “Ejido”), which was filed in August 2012. Excellon sued the Ejido to terminate the surface rights agreement in respect of the surface rights to 1,100 hectares of exploration ground west of the La Platosa Mine and for various damages relating to the illegal blockade of the mine last year. The Ejido also sued for termination of the SRA one week after being advised of Excellon’s suit.

Mazapil, una vieja comunidad minera en el norte de Zacatecas, se vació hace cuatro décadas. El cierre de minas y la aridez de la tierra provocó éxodos de pobladores. Pero hace ocho años el lugar salió del letargo y ahora sofisticadas maquinarias, altivos extranjeros y miles de obreros temporales deambulan por el breve caserío de la cabecera municipal.

Revolution Resources Corp. is pleased to report that the Company has completed the previously announced acquisition of 100% of Lake Shore Gold Corp.’s interests in the Mexico property portfolio, which consists of the Universo and Montaña de Oro properties totaling over 400,000 hectares in two historic mining regions of Mexico.

Soltoro Ltd. has discovered a previously unknown mineralized silver zone, known as the Mascotas zone, on the northern portion of the El Rayo silver project located in Jalisco, Mexico. The Mascotas zone was discovered during routine geologic mapping as part of Soltoro’s systematic exploration of the El Rayo land package. The Mascotas mineral system consists of at least five separate mineralized structures occurring within an area extending 600 metres northeast by 800 metres northwest. The Mascotas mineral system is located approximately five kilometres north-northeast of the main silver deposit area. There are no known historic mines in the area and few prospect pits.