Category: Exploration and Development

Bearing Resources Ltd. is pleased to announce that further to the news release dated November 28, 2012 that the Company has signed a Definitive Agreement with Patriot Minefinders Ltd whereby Patriot may earn up to a 75% interest in the 13,400 hectare Kilometer 66 (“KM66”, also known as Mapimi) silver-gold-lead-zinc property located in Durango, Mexico. Additional the company provides an update on the VF property option with Aben Resources Ltd. in the Yukon.

IMPACT Silver Corp. is pleased to announce the start of preliminary operations at its second production centre in Mexico, the new Capire Production Centre. The open-pit Capire mine and pilot processing operation is located in northern Guerrero State in south-central Mexico. Construction of the 200 tpd pilot plant is now complete and first concentrate shipments are expected within the second quarter of 2013.

Silver Bull Resources, Inc. is pleased to announce that the underground drill program conducted between July 2012 and December 2012 which twinned a series of historical “long hole” drill holes at the eastern end of the “Shallow Silver Zone” and “Zinc Zone” has successfully shown the historical long hole data set is a fair representation of the grade and width of the silver and zinc mineralization in this area. The high correlation between the historical long hole data set and Silver Bull’s recently completed core twinning holes means that over 39,000 meters of historical drilling focused in mainly high grade silver and zinc mineralization will now have a more significant influence in any resource calculation at Sierra Mojada.

Endeavour Silver Corp. announces it has signed two contracts to sell its silver-gold concentrates and facilitate higher production in 2013 from its Bolanitos mine in Guanajuato State, Mexico. The two contracts are commercially competitive with Endeavour’s own costs to process these concentrates into saleable metals.

Gold Resource Corporation today announced the acquisition of two gold and silver properties in Oaxaca, Mexico from Almaden Minerals. Both properties are located along the mineralized trend and geologic structural corridor running north 70 west of which the Company has land concessions approximately 48 kilometers along strike. In addition to adding these two new properties, the Company has terminated its lease on the Solaga property located north of its El Aguila Project in Oaxaca. Gold Resource Corporation is a low-cost gold and silver producer with operations in the southern state of Oaxaca, Mexico. The Company has returned over $75 million to shareholders in monthly dividends since declaring commercial production July 1, 2010, and offers shareholders the option to convert their cash dividends into physical gold and silver.

Kootenay Silver Inc. is pleased to announce results from an additional 11 holes from its ongoing 30,000 meter, multi-phase drill and resource expansion program on its flagship Promontorio Silver Project in Sonora, Mexico. The holes are step out and exploratory holes testing 3 different target areas. Included is the extension of the Pit resource to the southwest and west, the Farm EM zone to the north and the Farm EM zone to the south.

Pan American Goldfields Ltd. is pleased to report the results of a comprehensive metallurgical testing program performed on samples from its 80% owned Cieneguita project, Chihuahua, Mexico. In addition, the Company also wishes to report the results of an updated mineral resource estimate incorporating the results of the metallurgical testing along with estimated mine and plant operating costs. The Cieneguita project is currently being operated on a pilot basis under an agreement between the Company and Minera Rio Tinto (“MRT”), a private Mexican company, with the Company receiving 35% of net cash flows until December 31st 2013. Further pilot production is contemplated into 2014 concurrent with the preparation of a planned definitive feasibility study examining a full scale commercial operation.

Oceanus Resources Corporation is pleased to announce that the TSX Venture Exchange has granted final approval of the Fundamental Acquisition, and that the Company has closed the Fundamental Acquisition originally announced on October 24, 2012 and closed a concurrent Non-Brokered Private Placement of $2,300,000.

La asociación civil Tetela Hacia el Futuro dio contestación ayer al desplegado publicado por Frisco y su Filial Minera Espejeras, reiterando su oposición a la expolotación de yacimientos de oro y plata a cielo abierto, como lo pretende la compañía del magnate Carlos Slim Helú.

Thompson Falls, Montana. United States Antimony Corporation announced mill assays on another 880 metric tons from the Minas Grande open pit at the Los Juarez silver-antimony-gold property averaged 1.13 % antimony, 7.32 ounces of silver (227 grams) per metric ton, and 0.09 ounces of gold (2.8 grams) per metric ton. The average mill recovery of these metals was 78% of the antimony, 80.5% of the silver, and 86% of the gold. Other zones besides Minas Grande are now being milled along the 3.5 kilometer (2.18 mile) strike and those results will be forthcoming. There is no assurance that these values will continue in other areas of the property.