Category: Exploration and Development

Catalyst Copper Corp. announces that it has provided Minera Torre de Oro SA de CV, a Mexican subsidiary of Teck Resources Limited, Notice that it has incurred +US$10 million of Expenditures and completed the required Work Commitments in accordance with the agreement, dated December 21, 2009, between Teck and Minera Hill 29 SA de CV (Catalyst’s wholly owned Mexican subsidiary).

Lone Star Gold, Inc. is pleased to announce the effectiveness of its Form S-1 dated December 20, 2012, which outlines the details of the Company’s $15 million common-stock-purchase investment agreement with Deer Valley Management, LLC.

Bacanora Minerals Ltd. announces a correction to the Internal Rate of Return (“IRR”) calculation reported in connection with its announcement of the results of its Preliminary Economic Assessment on the Company’s Cajon Borate deposit in Sonora, Mexico. On Friday, January 4, 2013, Bacanora issued a press release announcing the PEA with a Net Present Value for the Cajon project of $US113 million, discounted at 8%. In that announcement, the Company erroneously reported an IRR calculation of 248.5%, which should have read 24.8%. The balance of the information reported remains unchanged. For further details, please refer to the Company’s press release of January 4, 2013. The highlights of the PEA are reiterated below for the benefit of readers.

Avino Silver & Gold Mines Ltd. is pleased to announce the following December production results from its San Gonzalo mine operation located on the Avino property near Durango, Mexico.

SilverCrest Mines Inc. is pleased to announce results of further drilling at the Santa Elena Mine in Sonora, Mexico. Eighty seven holes of a planned 100 holes have been completed to re-categorize Indicated and Inferred Resources to Probable Reserves and expand current underground Resources (see attached Figures: http://media3.marketwire.com/docs/svl107_F1-2.pdf). This drill program continues to be extremely successful and several recent holes have identified multiple bonanza grade intercepts and a new high grade gold and silver zone that lies below and is sub-parallel to the Main Mineralized Zone currently being mined. All holes included in this program will assist with resource confirmation and reclassification which will be included in the upcoming Pre-Feasibility Study for the Santa Elena Expansion Project.

Orex Minerals Inc. is pleased to announce the results of the second batch of holes from the 12,000 metres Phase-II diamond drilling program on 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.

Focus Ventures Ltd. is pleased to provide its shareholders with an update on exploration at its Santa Cruz silver project in Mexico. Focus controls a district-scale land position covering a number of silver discoveries made since late 2011 and is currently preparing for a drill program.

DynaResource Inc. last week asked a Texas state court for more than $14 million in damages it says were caused when Goldgroup Resources Inc. improperly claimed to own half of a 178,000-acre gold mining project in Mexico.

Bacanora Minerals Ltd. is pleased to announce the results of a Preliminary Economic Assessment on the Company’s Cajon Borate deposit in Sonora, Mexico.

Gold Reserve Inc. has received a written notice dated January 3, 2013, that the staff of the NYSE MKT LLC intends to file a delisting application with the United States Securities and Exchange Commission to remove the Company’s common shares from being listed on the Exchange. The Company intends to appeal the Exchange staff’s decision.