Category: Exploration and Development

Mexico-focused gold producer Gold Resource Corporation says it has reached a settlement in a dispute with its concentrate buyer.

Orko Silver Corp. is pleased to announce that it has filed a technical report prepared in accordance with National Instrument 43-101 in support of the Company’s September 20, 2012, news release, which included an updated mineral resource estimate for its La Preciosa Silver Project in Durango, Mexico.

Mexican-focused Azure Minerals Limited is pleased to announce that it has commenced a 3,500 metre, 23 hole diamond drilling program on its Promontorio Project, located in the state of Chihuahua, Mexico.

Sierra Madre Developments Inc. Further to the Company’s press release dated October 16, 2012, the Company advises its proposed $750,000 private placement to issue units at $0.03 per unit has not been accepted by the TSX Venture Exchange as fitting within the TSXV temporary hardship pricing policy. As a result, the Company intends to raise up to $750,000 through the distribution of up to 15,000,000 units at $0.05 per unit, on a post-consolidated basis.

Kootenay Silver Inc. is pleased to announce that, further to its press release dated October 31, 2012, announcing that the Company had closed a fully subscribed, $8,253,000 brokered private placement financing, it has secured drilling contracts and has begun mobilizing drill rigs to commence a major, multi-phase, 30,000 meter drill and resource expansion program on its flagship Promontorio Silver Project in Sonora, Mexico. The upcoming drill and resource expansion program is expected to employ up to five drill rigs at full capacity, representing the single largest drilling campaign conducted on the Promontorio project to date.

Source Exploration Corp. is pleased to report that it has begun an important ground-based magnetic geophysical survey over the central part of its concessions at the Las Minas property, State of Veracruz, Mexico. The area targeted by the survey measures approximately 5.5 kilometres by 2.5 kilometres and includes the recently reported high-grade Santa Cruz discovery area. Drilling at Santa Cruz returned several high-grade intersections, including 15.89 g/t/t Au, 12.98 g/t Ag and 2.25% Cu over 10 m (see press release dated January 26, 2012) and 7.90 g/t Au, 14.9 g/t Ag and 1.68% Cu over 2.0 metres (see press release dated October 18, 2012).

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

Orex Minerals Inc. is pleased to announce the results of the first six holes of 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.

Corex Gold Corp. is pleased to announce it has executed a definitive agreement with Vale Exploraciones Mexico S.A. de C.V., a wholly-owned subsidiary of Vale S.A. wherein Vale may acquire up to a 65% interest in the Company’s Santana Project. The objective of this alliance is to further develop the copper-gold porphyry target on the Santana Project, in Sonora State, Mexico. The Santana Project is located approximately 80 km southwest of the world-class Mulatos district. The Corex claim block is situated along a trend of producing mines in the Sierra Madre Occidental.

Newstrike Capital Inc. announces the results from 8,035 meters in 15 drill holes completed this period at the Company’s 100%-owned Ana Paula Project in the Guerrero Gold Belt, Mexico. These drill results are from new exploration holes and from the Breccia Zone delineation program. The drill holes in this series are collared in the northeast and southeast quadrants and targeted the Lower Grade Mineralization.