Category: Exploration and Development

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.

Cayden Resources Inc. is pleased to announce that it has received additional soil and rock results from the eastern part of the La Magnetita gold anomaly located at the Morelos Sur project, Guerrero State, Mexico. These results have significantly increased the size of the +100 ppb Au-in-soil anomaly (now over 5.4 km X 5.4 km from a previous extent of 5.0 X 3.7 km). The large anomaly now shows an impressive 2km square area with mostly +0.5 g/t Au-in-soils (see map on website).

Silver Bull Resources, Inc. is pleased to announce it will expand its underground Termite “twinning” drill program presently targeting the “high grade silver zone” into the “high grade zinc zone”, a zone of mineralization which sits adjacent to and below the silver mineralization. The planned initial program in the high grade zinc zone will consist of 2,000 meters of diamond core drilling.