Category: Exploration and Development

Citation Commences Targeted Geophysical Airborne VTEM Survey at Biricu and Receives Permission to Access High-Priority Area

Citation Resources Inc. is pleased to announce that further to its May 23, 2012 news release updating exploration activity in Mexico’s Guerrero State, Geotech Ltd. has now commenced flying an airborne versatile time-domain electromagnetic survey over the Biricu Gold Project. In addition, the Company has reached agreement with the Mezcala ejido granting the Company access to high-priority areas to conduct early-stage exploration activities.

Almaden Expands Ixtaca North Zone, Cuts 15.80 Meters 4.5 g/t AuEq (0.65 g/t Au and 190.2 g/t Ag)

Almaden Minerals Ltd. is pleased to announce further results from the on-going exploration drill program at the Company’s 100% owned Tuligtic project, Mexico with holes TU-12-161, 165, 169, 173, 175, and 179. These holes were drilled into the Ixtaca North zone on sections 10+750, 10+800 and 10+850. The intersections reported today demonstrate the continuity of this zone as well as the presence of high grades locally. On these sections mineralisation was also intersected in the overlying volcanic units. Highlights from the holes released today include the following intercepts (a more complete list of intercepts is shown in the table below):

Technical Report on the Avino Property

Avino Silver and Gold Mines Ltd. is pleased to announce the results from a Technical Report on the Avino Property prepared by Tetra Tech, an independent engineering consultant commissioned by Avino. The Technical Report was filed on SEDAR on July 25, 2012, under the Company’s SEDAR profile.

Geologix Commences Drill Program to Test 5 New Target Areas at Tepal

The program of Reverse Circulation drilling has 30 initial holes planned for testing five prospective new zones (Target Areas 1 through 5) as outlined through the Company’s recent geophysical and surface sampling programs. Additional holes may be targeted based on assay results received during the initial drilling phase. Drilling has started within Target Area #3, where the Company recently reported a high concentration of elevated gold and silver values in rock samples within an area measuring 1,800 metres (“m”) by 600m located near the project’s proposed mill site. Individual assays up to 6.88 grams per tonne (“g/t”) gold over 2.0m and 433 g/t silver over 1.6m were sampled within Target Area #3, as previously announced (see news release dated June 13, 2012 and/or the Company’s website at www.geologix.ca for more details).

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