Category: Exploration and Development

Almaden Minerals Ltd. is pleased to announce the results of preliminary scoping-level metallurgy performed by Blue Coast Research Ltd, and reviewed and summarised below by Dr. Andrew Bamber, P.Eng., as well as the maiden National Instrument 43-101 compliant Mineral Resource Estimate on the Ixtaca Zone of its 100% owned Tuligtic Gold-Silver Project Mexico performed by Giroux Consultants Ltd. The Ixtaca Zone is a gold (Au) and silver (Ag) deposit with roughly equal values per tonne of each metal. The resource is presented in gold equivalent (AuEq) ounces and cut-offs calculated based on price ratios. The newly received preliminary metallurgical test results indicate non-optimised gold and silver recoveries that are roughly equivalent for each geological domain. The deposit is mostly hosted by carbonate units and crosscutting dykes and overlying volcanic rocks. In the base case roughly 90% of the deposit”s AuEq ounces are hosted in the basement rocks, the remaining 10% in volcanic rocks. While the preliminary metallurgical results are considered excellent, further test work is planned to improve and optimize recoveries for all the different geologic units.

Cayden Resources Inc. is pleased to announce that it has acquired an option to buy out the royalties on its Reduccion Morelos Sur and Tenantla claims as part of a planned sub-division of the concessions into separate concession areas. These areas together comprise the wholly owned Morelos Sur property. Cayden’s Mexican subsidiary will be applying to divide these concessions into three new parcels consequent upon an amending agreement signed yesterday with Industrial Minera Mexico, S.A de C.V. and a Grupo Mexico subsidiary. The buy-out option was acquired as part of the amending agreement.

Silver Bull Resources, Inc.is pleased to announce the drill results for the third of five batches of drill holes from the underground drill program twinning a series of “long holes” in the high grade zinc zone situated below and adjacent to the high grade silver zone, located at the eastern end of the Shallow Silver Zone on the Sierra Mojada Project in Coahuila, Northern Mexico.

Excalibur Resources Ltd. is pleased to announce its 49% owned subsidiary Minera Catanava S.A. de C.V. has hired Jose Luis Vigil Rodriguez, a senior experienced Metallurgist as Plant Manager. Mr. Vigil graduated in Metallurgical Engineering from the Instituto Politécnico Nacional (ESIQIE) and has worked for several large mining companies including Goldcorp (Penasquito), Minera Frisco (Tayahua), Nyrstar (Campo Morado) and Baker Hughes.

México batió récord en su producción de oro y cobre en el 2012, no así en la de plata, de acuerdo con cifras preliminares y estimaciones del Departamento del Interior de Estados Unidos.

Westminster Resources Ltd. has received from Mexican government environmental regulators a letter of permission to conduct its 2013 diamond drill exploration program at the Cumbral-San Bartolo project in Sonora, Mexico. The drill program is scheduled to commence in early February.

International Northair Mines Ltd. is pleased to announce drill results from nine core holes at the San Gregorio Zone and two core holes at the Las Carolinas Zone completed on its La Cigarra silver project located in north central Mexico.

Kootenay Silver Inc. is pleased to announce results from the first 8 holes of its 30,000 meter, multi-phase drill and resource expansion program on its flagship Promontorio Silver Project in Sonora, Mexico. All 8 holes were step out holes outside of the resource boundaries at intervals of 50 to 100 meters.

Citation Resources Inc. is pleased to announce that four priority drill target areas have been defined and a 7,000 meter drill program has been designed for the Biricu Gold Project located in Mexico’s prolific Guerrero Gold Belt.

Avino Silver & Gold Mines Ltd. is pleased to provide the following update of activities at its San Gonzalo Mine 80 km North East of Durango, Mexico.