Category: Exploration and Development

Mexican silver producer Fresnillo PLC said Thursday the Board has approved the feasibility study for the development of the 500 million dollar San Julian silver project, is a key project in reaching the Company’s goal to produce 65 million ounces of silver and 500,000 ounces of gold per year by 2018.

146 g/t (4.3 oz/T) Ag, 2.8% Pb, 1.9% Zn, 0.216 g/t Au over 43.4 metres including 381 g/t (11.1 oz/T) Ag, 10.6% Pb, 11.5% Zn, 0.354 g/t Au over 5.8 metres

— 4.6Mt @ 154 g/t AgEq initial Inferred resource estimate, containing
22.5moz AgEq (including 15moz Ag; 41,000t Pb; and 76,000t Zn);
— Recently completed IP survey identifies a potentially faulted offset of
the Princesa-America mineral system to the north.

Silver Bull Intersects 193.38 g/t Silver over 43.65 Meters Including 440.66 g/t Over 15 Meters on the Sierra Mojada Project, Coahuila, Mexico

Oroco Resource Corp. announces that its wholly-owned subsidiary, Minera Xochipala S.A. de C.V. has been served with notice of an “amparo” petition seeking to overturn the registration to MX by the Mexican Public Registry of Mining of an interest in the Celia Gene and Celia Generosa mineral concessions located in Guerrero State, Mexico. The registration process in question began with an application by MX in March, 2008 to the PRM for registration of its 2007 acquisition of the Xochipala Concessions, including the interest purchased from the estate of a Mexican citizen, Hector Camacho (the “Camacho Estate”), which constituted fifty percent (50%) of the Celia Gene concession and all (100%) of the Celia Generosa concession.

Almaden Minerals Ltd. is pleased to announce further results from the on-going exploration drill program at the Company’s 100% owned Tuligtic project, Mexico with holes TU-12-176, 181, 186, 188 to 195, 197 to, 200, 203, 205, 206, 209 and 216. The holes were drilled as part of Almaden’s on-going four drill exploration program which has been designed to enable the calculation of a preliminary resource estimate. The intersections reported today demonstrate the continuity of the known mineralisation as well as the presence of high grades locally. Highlights from the holes released today include the following intercepts:

Southridge Enterprises Inc. is pleased to announce the arrival and commencement of drilling by the third drill rig at the Company’s Gran Cabrera Gold & Silver Mining Properties in Mexico.

AuRico Gold Inc. is pleased to provide an update on its exploration program at the El Chanate mine located in Sonora, Mexico.

Paramount Gold and Silver Corp. announced today that it has received the final results from a large-scale,comprehensive metallurgical test program for its 100%-owned SanMiguel Project in northern Mexico. The results predict highrecoveries of gold and silver from either a milling/cyanide leach orconventional milling/flotation process. The data will now beevaluated by Scott E. Wilson Consulting for inclusion in theirPreliminary Economic Assessment of the San Miguel Project scheduledfor the end of this year.

Camino Minerals Corporation is pleased to announce that it has selected Major Drilling Group International Incorporated to carry out a 2,000 metre reverse circulation drill program at the El Secreto Gold, Silver and Copper Project located in Sinaloa State, Mexico. This will be the first ever drill program to be carried out at El Secreto. Drilling is expected to commence within the next several weeks.