Category: Exploration and Development

Levon Resources Ltd. is pleased to provide an update on advancing the Cordero NI 43-101 resource (news release of June, 21, 2011) with additional infill and step out delineation drilling to improve modeling confidence and expand the resource. The Cordero project is located 35 km northeast of Hidalgo Del Parral, southern Chihuahua state, Mexico. Independent Mining Consultants of Tucson reports an additional 33,380m of core drilling (41 holes) were modeled along with holes of the first resource that shows an increase in the Indicated Resource of 53 million (M) ounces of silver (Ag), 37 thousand (K) ounces of gold (Au), 0.8 billion (B) pounds (lbs) of zinc (Zn) and 0.4 billion (B) lbs of lead (Pb) with improved grades in Ag, Zn and Pb. Table 1 summarizes the current mineral resource compared to the June 2011 mineral resource at a $6.00/t NSR cutoff grade. Table 2 shows the current mineral resource at higher NSR cutoff grades. The NSR inputs and calculation method used for the current Mineral Resource is the same as used for the 2011 Mineral Resource estimate.

Endeavour Silver Corp. announces that it has acquired an option to purchase the Lourdes silver-gold property in the Sierra del Cubo area, located about 40 kilometers northeast of Guanajuato City in Guanajuato State, Mexico. The property is readily accessed by paved state highways about a one hour drive from Guanajuato City, where Endeavour owns and operates its Guanajuato Mine.

Newstrike Capital Inc. announces the results from 5,720 meters of drilling completed this period as part of the 2012 drill program in progress at the Company’s 100%-owned Ana Paula Project in the Guerrero Gold Belt. This series of results are from the ongoing delineation program in the southeast quadrant and from new exploration holes in the northeast and southwest quadrants. Breccia zone delineation continues to indicate that mineralization remains open in several directions and at depth.

(Canadian miner Baja Mining Corp said Louis Dreyfus Commodities Metals Suisse S.A. filed a lawsuit in the Supreme Court of British Columbia against the company regarding cost overruns at the company’s Mexico project.

Mr. Thomas Skimming, CEO of MacMillan Minerals Inc. is pleased to announce that the Company has completed an initial Phase 1 three hole diamond drilling program on the La Raizura Target at the Las Cucharas Gold and Silver Project. Mr. William Hamilton, P. Geo., Manager of Exploration, is a Qualified Person under the meaning of National Instrument 43-101 and is responsible for all technical information contained in this news release.

Fortunate Sun Mining Company Ltd. is pleased to announce that the Company has completed a diamond drilling program on its Golconda gold project located in Southern Sonora State, Mexico. Fortunate Sun may earn a 100% interest in Golconda from Minera Coplau, S.A. de C.V. by spending $2,500,000 in exploration and making cash and share payments to Minera Coplau over a four year period.

Tara Minerals Corp. is pleased to announce it is implementing an aggressive path for growth with near-term iron ore production as its initial focus. This aggressive time line is now possible through the leverage of up to $35.6 million to be received from the sale of the Picacho concessions to Yamana Gold Inc. An initial payment of $7.5 million has already been received (goo.gl/e7YO4) and is being utilized.

Colibri Resource Corporation is pleased to report results from the 2012 diamond drilling program at the Ramard Project near the town of Carbo in Sonora, Mexico. Drilling began at Ramard in the La Bronca Zone on March 6th and was completed on May 5th, 2012. A total of 2,291.8 metres were drilled in 13 holes by contractor Major Drilling de Mexico S.A. de C.V. Targets were tested over a 500 metre strike length in the La Bronca Zone.

Kootenay Silver and Pinecrest Resources reported Friday initial phase 1 drill results from the Espiritu polymetallic property in Sonora, Mexico.

Paramount Gold and Silver Corp. reported today that Mine Development Associates ( www.mda.com ) of Reno, Nevada is currently preparing an updated National Instrument 43-101-compliant mineral resource estimate for its 100%-owned San Miguel Project in Mexico for expected release in August, 2012. The updated estimate, originally scheduled for June, will cover five of the Project’s resource areas and will incorporate the results from over 33,000 meters of new drilling in 120 drill holes completed in these areas in 2011 and 2012. The new drill results increase by 41% the total amount of drill core available from these areas for inclusion in the updated resource estimate, compared to the last estimate released on December 28, 2011.