Category: Exploration and Development

Mundoro Capital Inc. announces the filing of the Company’s financial results for the quarter ended June 30, 2012. The highlights provided in this release should be read in conjunction with the Company’s quarterly financial statements and Management Discussion and Analysis, which are available on SEDAR at www.sedar.com. All dollar amounts are in U.S. dollars unless otherwise stated.

Orex Minerals Inc. in conjunction with their project partner Fresnillo PLC have commenced the Phase-II 12,000 metres diamond drilling program on their Coneto Silver-Gold Project in Durango, Mexico. A joint technical committee, with both Orex and Fresnillo representation, will manage the Coneto project.

Evrim Resources Corp. is pleased to announce that a second phase drilling and exploration program has been approved by partner Inmet Mining Corporation at the Company’s Suaqui Verde copper-molybdenum porphyry project in Sonora, Mexico. Evrim and Inmet have also received remaining assay results from the first phase drilling program. The approved program is designed to test a combination of geophysical targets and exposed surface targets within the Adriana system and the surrounding basin and will include preliminary geological and geophysical work on the Cardelena project, recently optioned by Inmet.

Azure Minerals Limited, the Mexican-focused minerals exploration company, is pleased to provide shareholders with an update of recent developments on two of the Company’s 100%-owned properties, La Tortuga and El Tecolote. The Company has in place farm-in agreements with the Japanese Government organisation, JOGMEC, over these projects through two separate joint ventures. Azure is free-carried for the first US$16 million of exploration expenditure.

Highvista Gold Inc. is pleased to report on the results of its Phase Two drill program at the Republicana Target at its 100% owned Canasta Dorada Gold Project, located within the Sonoran Gold Belt, in Sonora State, Mexico.

Scorpio Mining Corporation is pleased to report additional results from drilling along a new trend at its 100% owned El Cajón Deposit near Cosalá, Sinaloa, Mexico. El Cajón is located approximately 13.5 kilometers by road from the 1,500 tonnes per day Nuestra Senora processing plant. The deposit has been the subject of ongoing exploration since 2005 and plans are underway to shorten the road distance from Scorpio’s Nuestra Senora processing plant by approximately 5 kilometers with a new access route.

Kootenay Silver Inc. is pleased to announce that an updated resource estimate performed by SRK Consulting Inc. of Lakewood, Colorado on its Promontorio Silver Project has resulted in a significant increase in the size of Promontorio’s Measured and Indicated mineral resources.

Mundoro Capital Inc. is pleased to announce that it has executed, through its 100%-owned subsidiary Mundoro de Mexico S.A de C.V, a definitive option agreement for the Centauro Gold Property located in Chihuahua State, Mexico.

Cerro Resources NL is pleased to advise receipt of further highly encouraging surface sampling results, in preparation for a drill program at the Espiritu Santo Gold/Silver exploration project, in Jalisco State, Mexico.

Soltoro Ltd. has received notice from Argentum Silver Corp. that it has elected to trigger the early exercise provisions of the option agreement signed with Soltoro Ltd. (SOL:TSX.V) on April 25, 2011 to acquire a 100% undivided interest in the Coyote and Victoria Silver Gold Properties located in the State of Jalisco, Mexico. Soltoro is proceeding to complete the transfer of 100% ownership of both properties to Argentum Silver’s Mexican subsidiary. Soltoro and Argentum Silver recently completed two separate royalty agreements whereby Argentum Silver has granted Soltoro a 3% Net Smelter Return royalty on both property groupings. The agreements will be filed against title on transfer of 100% ownership. Soltoro retains a 3% N.S.R. interest in each project whereby 1% can be purchased by Argentum Silver for US$1.5 million to a maximum of 2% for each project. In addition, Soltoro holds 6,760,000 common shares of Argentum Silver.