Category: Exploration and Development

Minera San Jorge S.A. de C.V. has issued a statement regarding the ownership of Cinco Minas and Gran Cabrera. MSJ wants to make public the fact that the Company no longer has an ownership interest in either Cinco Minas or Gran Cabrera, two mineral properties located in Jalisco, Mexico. MSJ was removed from the mineral rights ownership of these two properties due to a labor dispute and is now owned by a non-related third party company.

Southridge Minerals, Inc. is pleased to announce high-grade gold-silver results from their 2012 diamond drill program at their Cinco Minas, in Jalisco, Mexico. Assay results from the first six drill holes at Cinco Minas have indicated bonanza-grade silver with an average of 648 g/t (Ag) and high-grade gold of 268 g/t (Au) intercepts.

Avino Silver and Gold Mines Ltd. is pleased to provide the following update of activities at its Avino mine operation located near Durango, Mexico.

Silver Scott Mines, Inc. is pleased to announce the initiation of construction at the Carmen mine and processing site. Construction with heavy equipment has been focused working there for about 2 weeks preparing leach pad and ponds. Additionally, the Merrill-Crowe gold silver recovery plant and other plant equipment has been moved to the site ready for set-up.

Timmins Gold Corp. is pleased to announce that its ongoing drill program continues to extend and expand the mineralization at the San Francisco Gold Mine, located in the State of Sonora, Mexico. The San Francisco Gold Mine is comprised of two pits, the larger San Francisco pit (SF Pit) and the La Chicharra Pit located approximately 1.5 km to the west. A total of 31,680 meters in 166 holes were drilled from February to the end of June, 2012. Timmins Gold is continuing with its ongoing drill program and currently has four reverse circulation rigs and one core drill rig working on site.

Endeavour Silver Corp. announces that exploration drilling at Endeavour’s Bolanitos Mine in Guanajuato State, Mexico continues to intersect high silver and gold grades over mineable widths, extending the known mineralized zone in the Lana vein to more than 750 meters (m) long, still open for expansion.

International Northair Mines Ltd. is pleased to announce the assay results from nine core holes completed in the San Gregorio Zone at its La Cigarra silver project, located in north central Mexico.

Minera San Jorge S.A. de C.V. announced today the Company has not signed a Letter of Intent with Bandera Gold Ltd. MSJ is responding to the September 12, 2012 announcement by Bandera that a non-binding LOI had been signed between the two companies to purchase of Bandera’s interest, by MSJ, in Cinco Minas and Gran Cabrera for $6.5 million U.S.

Bearing Resources Ltd. is pleased to provide an update on its exploration activities at the Mapimi gold-silver project located in an area of good infrastructure, approximately 80 kilometres northwest of the Penoles smelter at Torreon in the State of Durango, Mexico. Mapimi comprises the 13,400 hectare KM66 property, the acquisition terms for which were announced in the Company’s news release dated March 12, 2012, and the contiguous 100% owned approx. 26,000 hectare Pedro property. The project exhibits many of the geologic characteristics that typify Goldcorp’s Penasquito and Camino Rojo deposits; in particular, breccia hosted and carbonate replacement style mineralization potentially associated with buried porphyry style mineralization. The Company believes that the precious and base metal mineralization identified to date on the Mapimi property may be indicative of a larger mineral system under shallow cover.

Excellon Resources Inc. Mexico’s highest grade silver producer is pleased to announce that it has resumed exploration drilling at La Platosa with three diamond drills currently operating at Rincon del Caido, 1.1 km northwest of the La Platosa mine.