Category: Exploration and Development

Timmins Gold Corp. reports record gold production of 21,532 gold ounces and a gold recovery ratio of 69% for its Q1 2012 fiscal quarter ended March 31. The recovery ratio is defined as the ratio of gold ounces produced divided by the number of contained gold ounces stacked over a specific period. Timmins Gold also produced 11,740 ounces of silver during the quarter.

Silver Bull Resources, Inc. is pleased to announce drill hole B11144 intercepted 8.45 meters of massive sulphide grading 16.98% Zinc, 5.45% lead, and 57.29g/t silver in a previously untested zone 500 meters to the north of the Shallow Silver Zone.

Urastar Gold Corp. reports assays from 13 reverse circulation drill holes resulting in significant new gold intersections on the La Juliana Deposit. The Juliana Gold project is located in the prolific Sierra Madre Gold Belt approximately 7 km from Alamos Gold’s flagship Mulatos Gold Mine (see location map at www.Urastargold.com ). New assay highlights include 20 ft grading 1.9 g/t Au from the 150 to 170 foot level (more details in table below).

Source Exploration Corp. is pleased to announce that it has filed a National Instrument 43-101 – Standards for Disclosure of Mineral Projects compliant technical report with respect to the Capricho property located in Sinaloa State, Mexico on SEDAR at http://www.sedar.com. The report, entitled “Technical Report on the Capricho Au-Ag Property, Sinaloa State, Mexico”, dated March 22, 2012 was prepared for the Corporation by Tim Twomey, a qualified person within the meaning of NI 43-101.The report has been posted on the Company’s website at http://www.sourceexploration.com.

Lone Star Gold, Inc. is pleased to provide an overview of the Company’s planned activities related to ongoing production from its Tailings Project, drilling on its La Candelaria gold-silver project, and other potential project acquisitions.

Oremex Silver Inc. is pleased to announce the completion of the underground and surface mapping and sampling at the Chalchihuites silver project held by its wholly owned Mexican subsidiary, Minera Mantos S. de R.L. de C.V. Nine mantos and four structures were identified. The combined surface and underground sampling indicated grades of up to 3,450 g/t silver, 3.4 g/t gold, 0.30% copper, 20.6% lead and 12.5% zinc, over channel sample lengths ranging from 0.22 meters to 3.90 meters.

International Northair Mines Ltd. and its wholly owned subsidiary Grupo Northair de Mexico, S.A. de C.V. announces that the Company has signed a binding agreement with Focus Ventures Ltd. whereby Northair will grant Focus and its subsidiary the option to acquire 65% interest in the Company’s El Reventon Silver Project located in the State of Durango, Mexico.

The independent mineral resource estimate for Nuevo Milenio continues to be advanced. Challenges encountered in providing data to the consultant in a timely manner have impacted progress on the mineral resource estimate. Given the large amount of data involved including over 32,000 metres of drilling, a significant volume of surface samples, trench samples, underground channel samples as well as properly identified location coordinates for all but the drilling data combined with reviews and fact checks were significantly more time consuming than anticipated. The Company anticipates the release of the mineral resource by May month end 2012.

Victory Resources Corp is pleased to announce that it has begun asystematic drilling program to determine the potential size and grade values of the Matanza and Altamira historic Reforma tailings deposit located beside the Reforma historic mine site.

Quaterra Resources Inc. today announced it has concluded an Amended and Restated Investment Agreement with Goldcorp Inc. The agreement is an amendment and restatement of the Investment Framework Agreement dated January 29, 2010, the terms of which were outlined in the Company’s news release dated February 10, 2010.