Category: Exploration and Development

Orex Minerals Inc. is pleased to announce that a third diamond drilling rig has been added to the Coneto Gold-Silver Project in Durango, Mexico. A technical committee, with representation of Orex and its project partner Fresnillo PLC is managing this Phase-II program. In addition, the results of the third batch of assays from the 12,000 metres Phase-II diamond drilling program are now available.

Bacanora Minerals Ltd. is pleased to announce that field work has commenced on the El Sauz and Fleur lithium concessions that form part of the Sonora Lithium Project in northern Mexico. The Company has provided Rare Earth Minerals PLC (AIM listed) with an option to earn up to a 49.9% interest in the two concessions by making cash payments to Bacanora and funding exploration (see news release dated February 14, 2013).

Bandera Gold Ltd is pleased to provide this update on the Cinco Minas and Gran Cabrera Mexican Mining Properties as a follow up to its February 5, 2013 news release which cited the results of an Independent Report confirming the Cinco Minas property has been non-operational for several years.

Ciudadanos de Tetela de Ocampo, organizaciones sociales, campesinas e indígenas no permitirán la instalación de la mina de la empresa Espejeras, filial de Grupo Frisco y llegarán hasta las últimas consecuencias, advirtió el presidente de Tetela Hacia el Futuro A.C., Germán Romero, a la par dijo que si esto no se detiene se establecerá el Frente Estatal en Defensa del Territorio Serrano, éste estaría conformado por los ocho proyectos hidrológicos y mineros.

Sierra Madre Developments Inc. is pleased to announce the closing of the non-brokered private placement financing led by Burgeonvest-Bick Securities Ltd. previously announced by news release on October 16, 2012 as amended November 7, 2012 and December 4, 2012.

Oceanus Resources Corporation is pleased to announce that it has initiated the Phase I field program at its wholly-owned La Lajita gold property located in the Durango Sate of Mexico. Oceanus has assembled a team of experienced Mexican consultants and contactors to complete this work. This initial program is planned over a 6 to 9 month period.

Almaden Minerals Ltd. is pleased to announce the first results from the 2013 drill program on the Ixtaca Zone of the Company’s 100% owned Tuligtic project, Mexico. Drilling continues to show the potential of the Ixtaca Zone, and the high grade zones within it, to grow.

El Tigre Silver Corp. is pleased to report that the drilling program started on January 18, 2013 continues to move rapidly with 23 holes completed and the first assays returned with good results. El Tigre is drilling on concessions that are part of the Company’s 431 square kilometer ownership in Sonora, Mexico.

Prospero Silver Corp. is pleased to announce that it has signed the definitive agreement with Silver Standard Resources Inc. for an option to joint venture Prospero’s San Luis del Cordero property in central Durango State, Mexico. The initial Letter of Intent with Silver Standard to Joint Venture Cordero was news released on September 17, 2012.

Minaurum Gold Inc. reports results from the final drill holes of Ocean Park Ventures’ 2012 drill program on Minaurum’s 100%-controlled Adelita Cu-Au-Ag Project in southern Sonora, Mexico. The 12,000-hectare project includes four identified copper-silver-gold skarn prospects and two porphyry-style prospects. The Adelita project lies 7 km east of Pan American Silver’s Alamo Dorado silver mine, and approximately 60 km southeast of Frontera Copper’s Piedras Verdes copper-porphyry mine.