Category: Exploration and Development

Orko Silver Corp. is pleased to announce that an updated resource estimate performed by MiningPlus Ltd. Vancouver BC on its La Preciosa Silver Project has resulted in an increase of 124% in the size of the open pit Indicated Mineral Resource and an increase of 535% for the open pit Inferred Mineral Resource.

Sundance Minerals Ltd. is pleased to report results of the orientation drilling program on its 100% owned Pluton polymetallic silver-lead-zinc property in Mapimi, Durango Mexico announced in 2011 (July 27, 2011 news release).

Focus Ventures Ltd. is pleased to announce that it has signed a Definitive Agreement with International Northair Mines Ltd. granting Focus the option to acquire a majority interest in the El Reventon property, located in the State of Durango, Mexico. In addition to terms previously announced, the parties have agreed that once Focus has earned its 65% interest in the property by investing in exploration and making certain cash payments to Northair, Focus can increase its interest to 80% by completing a Feasibility Study.

NSX Silver Inc. is pleased to provide an update on the exploration programs at the Dios Padre and Oso Blanco silver projects located in Sonora State, Mexico.

Golden Tag Resources Ltd. is pleased to announce encouraging results from three recent drill holes in an ongoing surface drill program on the San Diego Property, Velardeña Mining District, Durango State, Mexico. These holes confirm a 100 m extension to the west of wide zones of mineralization discovered in 2011. The westward extension of mineralization crosses from limestone into the adjacent Diorite Intrusion where a large area of mineralization hosted in altered and silicified Diorite (Endoskarn) is being delineated. Mineralization currently has an apparent strike length of 200 m, a width of 130 m and a vertical height of 300 m. Mineralization remains open and further drilling will be needed to establish the exact geometry of the new zone. The discovery increases the potential for the deposit to be bulk mining amenable.

Bowmore Exploration Ltd. is pleased pleased to announce the results from its summer drilling campaign on the Chivas property, located in Sonora province, Mexico. The drilling outlined a new hydrothermal mineralized breccia structure at Mesa Blanca, and also extended laterally and at depth the Piedra Rodante high grade low-sulfidation structure discovered by Amex’s Mexican subsidiary ‘Minerales X-Ore’ in 2006.

Scorpio Mining Corporation today announced an independent updated Mineral Resources estimate for its 100% owned El Cajón Development Project in Sinaloa State, Mexico completed by Mine Development Associates of Reno, Nevada.

McEwen Mining Inc. is pleased to announce that El Gallo Phase I in Sinaloa State, Mexico has achieved its first gold production (Fig. 1 & 2). The mine, which is 100% owned by McEwen Mining, is expected to produce 10,000 ounces of gold during the balance of this year. In 2013, the annual production is forecasted to be 30,000 ounces of gold.

Quaterra Resources Inc. and its 50% joint-venture partner Blackberry Ventures I, LLC, today announced that an independent preliminary economic assessment has concluded that their Nieves silver property in Zacatecas State, Mexico, has the potential to be developed as an open pit mine that would average more than five million ounces of silver production per year over a projected ten-year mine life.

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 Daniela vein to more than 950 meters (m) long, still open for expansion.