Category: Exploration and Development

SilverCrest Mines Inc. is pleased to announce results of further drilling at the Santa Elena Mine in Sonora, Mexico. Ninety four holes of a planned 100 holes have been completed to help re-categorize Indicated and Inferred Resources to Probable Reserves and expand current underground Resources. This drill program continues to be extremely successful with several recent holes identifying multiple bonanza grade intercepts and the new El Cholugo high grade gold and silver zone. All holes included in this program will assist with Resource confirmation and reclassification to be included in the upcoming Pre-Feasibility Study for the Santa Elena Expansion Project.

Alamos Gold Inc. announced today that is has filed a National Instrument 43-101 compliant technical report on its Mulatos project on the Canadian Securities Administrators’ System for Electronic Document Analysis and Retrieval.

Mexus Gold US is a company engaged in the evaluation, acquisition, exploration, development and production of mining properties and conducts salvage operations for the recovery of precious metals.

Capstone Mining Corp. today announced the operating results for the three and twelve months ended December 31, 2012 of its two operating mines, Cozamin and Minto. Combined production totalled 19.7 and 82.8 million pounds of copper in concentrates in the fourth quarter and full year 2012, respectively, with additional by-products of zinc, silver, gold and lead.

NSX Silver Inc. is pleased to announce it has commenced a Phase 2 drilling program on the Dios Padre Silver Project in Mexico. The Dios Padre Project is located in the Eastern Sierra Madre Mountain range about midway between the cities of Hermosillo and Chihuahua, in east central Sonora. The Project is comprised of three contiguous exploitation concessions covering an area of 285 hectares which NSX Silver holds under option.

Victory Resources Corp. is pleased to provide a 2012 Summary update on the companies Mexican properties to date.

Mammoth Resources Corp. is pleased to report that following two tours by its geological team exploring the company’s Tenoriba Property, located in the prolific Sierra Madre precious metal belt in south western Chihuahua state, Mexico (refer to the company’s website www.mammothresources.ca, for a detailed location map), it has extended mapping and sampling of similarly altered felsic volcanics and breccia with numerous locations of vuggy silica to the northeast and south west of the area previously drilled by Masuparia Gold Corporation (Masuparia). The occurrence of these rock types, extending at least one kilometre to the northeast and one kilometre northwest are similar to those drilled by Masuparia in which it intersected up to 45 grams per gold per tonne (please refer to press release dated July 3, 2012 for the results of this work).

McEwen Mining Inc. is pleased to announce that it has successfully achieved commercial production at El Gallo Phase 1 in Sinaloa State, Mexico on January 1, 2013. On September 24th, the Company announced that it had poured its first bar of gold at the mine. Subsequent to the first pour, the mine has been steadily increasing mine, crusher and leaching production and is now operating at 90% of the designed capacity. Final ramp-up is expected to be achieved during the First Quarter. El Gallo Phase 1 is forecasted to produce approximately 30,000 ounces in 2013. Operating costs will be reported starting in the First Quarter. Final 2012 production figures for the San José mine (Argentina), El Gallo Phase 1, and guidance for 2013 is expected to be provided in the coming week.

Bacanora Minerals Ltd. is pleased to announce the completion and filing of its previously announced Preliminary Economic Assessment on the Company’s Cajon Borate deposit in Sonora, Mexico. The PEA has been prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects and is entitled, Preliminary Economic Assessment for the El Cajon Borate Deposit, Magdalena Basin Project, Sonora, Mexico (Pursuant to National Instrument 43-101 of the Canadian Securities Administrators), Magdalena de Kino Area (Map Sheet H1205) Sonora, Mexico, Centered at: 30 degrees 30’N, 110 degrees 50’W. The lead author with overall responsibility for the PEA is Carl G. Verley, P.Geo., who is a “qualified person” within the meaning of NI 43-101 and is independent of the Corporation. The co-authors of the PEA are Geoff Allard, P.E., Ramon Salazar Velazquez, Lic. Eng. and Martin Vidal, MSc, Lic. Geo. The PEA has been filed on SEDAR and is also available for download on the Corporation’s website. For further details, please refer to the PEA and the Company’s prior press releases announcing the results of the PEA (dated January 4 and January 7, 2013).

Gold Resource Corporation today announced high-grade mineralization at its Las Margaritas property with drill intercepts including 2.85 meters of 27.90 grams (0.89 ounces) per tonne gold and 2600 grams (84 ounces) per tonne silver. 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 $69 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.