Category: Exploration and Development

Paramount Gold and Silver Corp. today announced it has received final confirmation from CONAGUA, a division of SERMANAT, Mexico’s Environmental and Natural Resources Ministry, granting Paramount permanent rights to 995,000 cubic meters of water per year for its San Miguel Project, equivalent to 31.6 liters per second. Paramount conducted pumping tests to determine that this extraction rate would not affect phreatic levels in the surrounding area.

Avino Silver and Gold Mines Ltd. is pleased to provide the following update of activities at its San Gonzalo Mine 80 km North East of Durango, Mexico.

Victory Resources Corp. is pleased to provide an update on the current drill program on the La Reforma property as well as metallurgical testing of bulk samples from the Matanza and the Altamira tailings ponds.

La denuncia repercute en México a través del diario Reforma: grupos de narcotraficantes gestionan la explotación de minas de carbón en e l estado de Coahuila con el apoyo de tres empresas que los ayudan a lavar dinero. Casualmente en estos días las tres empresas mineras más grandes de México (una de ellas propiedad de Carlos Slim) anunciaron inversiones multimillonarias en el sector.

Las tres mayores empresas mineras con capital mexicano, Grupo México, Industrias Peñoles y Frisco, anunciaron que invertirán 6,715 millones de dólares en el 2012 y el 2013, manteniéndose en sus máximos niveles históricos en ese rubro.

Focus Ventures Ltd. is pleased to announce assays from initial channel sampling at its Reventon property within the Santa Cruz project. Prospecting and sampling has confirmed high-grade silver mineralization associated with multiple zones of hydrothermal breccias in areas of strongly anomalous silver-in-soil geochemistry.

Yale Resources Ltd. is pleased to report that a phase one work program performed on behalf of the optionee Overlord Capital Corp. has successfully confirmed multiple gold-silver soil anomalies as well as a trench over 25 metres averaging 0.67 g/t gold within the Orofino Project, located in Sonora State, Mexico.

Cangold Limited provides an update from the recent field work program on the Plomo gold project in northern Sonora, Mexico. Further geological mapping and detailed surface rock sampling was completed to locate and delineate complex structural zones and associated low grade bulk tonnage gold mineralization for follow-up drill testing. Several new areas of gold mineralization were discovered such that the Plomo project now has nine gold zones associated with low angle faulting within a one and a half by five kilometre area.

Canasil Resources Inc. announces that MAG Silver Corp. has confirmed that the Phase 2 drill program has started and is currently in progress at Canasil’s La Esperanza silver-lead-zinc project in Durango and Zacatecas States, Mexico. The planned program includes up to 3,500 metres of diamond drilling to test silver-lead-zinc veins in the northwest of the project area. This drill program will be part of the CAD 1,500,000 exploration expenditures required between September 2012 and September 2013 under the option agreement for MAG to earn a 60% interest in the La Esperanza project.

Canadian mining company Excellon Resources said Friday it hopes that peace has been restored to its Mexican mine after it dismantled a protest camp it says was set up on property it owns.