Category: Exploration and Development

Baja Mining Corp. is pleased to announce that it has been informed by Minera y Metalúrgica del Boleo, S.A.P.I. de C.V., which is now controlled by members of the Korean Consortium, that a portion of MMB’s 2010 project financing facilities provided by the Export-Import Bank of the United States to MMB has been renegotiated.

Patriot Minefinders says it has inked a letter of intent agreement with Bearing Resources to acquire up to a 75 per cent interest in the Kilometer 66 silver-gold-lead-zinc property in Durango, Mexico.

Catalyst Copper Corp. announces positive results from the La Verde project NI 43-101 Technical Report; including a Preliminary Economic Assessment Study completed by AMC Mining Consultants Ltd. and effective December 2012. The Technical Report is based in part on a preceding document entitled “Technical Report and Resource Estimate of the La Verde Copper Project, Mexico”, by Margaret Harder, M.Sc., P.Geo. and Michael F. O’Brien, M.Sc., PrSci. Nat., GSSA, FAusIMM, FSAAIMM, both Qualified Persons, of Tetra Tech Inc., dated 19 September 2012.

Soltoro Ltd. has resumed diamond drilling at its 100% owned El Rayo primary silver deposit in Jalisco, Mexico. Soltoro suspended drilling in August of 2012 in order to submit a new application to permit drilling and trenching in new zones of interest on the property. The drill rig is currently testing in the La Soledad north zone to expand the existing high-grade silver resource. Further drilling is also planned to test the Las Bolas silver resource at depth and to test the newly identified northwest extension of the El Rayo gold zone.

Corex Gold Corp. is pleased to announce that Goldcorp Inc. has commenced a follow-up phase diamond drill program on the Company’s Zuloaga property, Zacatecas State, Mexico.

Cangold Limited is pleased to announce that it has formally exercised its option for a 100% interest on the 4,279 hectare Plomo gold project in northern Sonora, Mexico. Pursuant to the terms of the option agreement, Cangold has made the final cash payment and share issuance to the vendor, who will retain a 2% Net Smelter Return royalty on any future production from the property.

Dia Bras Exploration Inc. is pleased to report that development of the ramp at the Promontorio Mine has reached the outer portion of the disseminated zone on Level 5 and is being extended to Level 6. In addition, geologic mapping in the Company’s core area of interest has been completed.

El Tigre Silver Corp. is pleased to report on exploration progress at its El Tigre silver and gold project. El Tigre is located on concessions that are part of the Company’s 431 square kilometer concession ownership in Sonora, Mexico. The El Tigre mine was operated from 1903 to 1938, and it is estimated to have produced 70 to 75 million ounces of silver and 325,000 and 350,000 ounces of gold.

Bearing Resources Ltd. is pleased to announce that the Company has executed a letter of intent with Patriot Minefinders Ltd whereby Patriot may earn up to a 75% interest in the 13,400 hectare Kilometer 66 silver-gold-lead-zinc property located in Durango, Mexico.

Animas Resources Ltd. announces that, in line with the Company’s focus on moving the Santa Gertrudis Gold Project towards a production plan, the Company has reduced its operating costs, granted options to a recently appointed director who is also a mining engineer, and dropped a project which is no longer considered a core project.