Category: Exploration and Development

Cangold Limited is pleased to announce that it has commenced a metallurgical testing program for the Ixhuatan Gold-Silver Project in Chiapas, Mexico. Cangold is earning a 75% interest in the Ixhuatan project through its own wholly-owned Mexican subsidiary, Coboro Minerales de Mexico, S.A. de C.V.

Avino Silver and Gold Mines Ltd. is pleased to announce results from an updated NI 43-101 compliant Technical Report: Tailings Retreatment Process Option for the Avino mine tailings in the Durango mining district of Mexico. The technical report was completed by Tetra Tech Wardrop.

Mexivada Mining Corp. is pleased to announce that its optionee partner California Gold Corp. is scheduling an April 2012 start-up for an exploration drilling program at the Company’s AuroTellurio Project, located in the La Bambolla gold-tellurium mine area near Moctezuma, Sonora, Mexico, northeast of Hermosillo. Six core holes are planned to be drilled by California Gold as part of this initial program involving a total of 3,000 meters of diamond drilling. Geologic work, supplemented by two geophysical surveys, has delineated three initial drilling targets within the AuroTellurio property.

Mexigold Corp. is pleased to report on recently completed drilling at both the Catrina and Pedernal projects in Durango, Mexico. Riverside Resources is the operator of Mexigold’s exploration program in Mexico.

Minaurum Gold Inc. is pleased to announce drill results from its recently completed Phase One, 1,403 metre drilling program on the 100%-owned Capilla project in Sinaloa state, Mexico. Seven holes were drilled along a 1.2 km-long trend of parallel veins and stockwork quartz veining. Hole CA-11-02 intersected a five metre wide vein averaging 140 g/t (4 oz/T) Silver; 0.08 g/t Gold; 0.4% Lead and 1% Zinc. This intercept includes a 0.5m wide high grade zone of 1,375g/t (40 oz/T) Silver; 0.6 g/t Gold; 1.1% Copper; 3.6% Lead and 9.6% Zinc. Holes CA-11-01, 11-02, and 12-07 also intersected two additional veins. They also report significant values. The remaining four holes were drilled along strike to the south and at lower elevations, and report only anomalous values.

Silvermex Resources Inc TSX:SLX announced drill results from its La Guitarra mine in the Temascaltepec Mining District, Mexico.

Virgin Metals Inc. is pleased to announce that it has signed a 25-year agreement with owners of the property hosting the Company’s recently acquired Potreritos concessions.

McEwen Mining Inc is pleased to provide an operational and development update for its projects in Argentina, Mexico and Nevada.

Newstrike Capital Inc. is pleased to announce the results of the first series of holes completed in the 2012 drill program at the Company’s 100%-owned Ana Paula Project, Guerrero Gold Belt. These drill results are from an exploration and delineation program begun in October of 2010 that continues to test a one by two kilometer exploration target area as defined by anomalous surface gold geochemistry and underlying geophysical anomalies. The results reported here include two drill holes from the ongoing delineation of the high grade Breccia Zone discovery located in the southeast quadrant of the target area, reports results from two holes located in the southwest quadrant that are part of program to follow up the new discovery announced with AP-11-67 (November 28th, 2011 press release), and reports on two drill holes located in the northeast quadrant that are from an ongoing step out drill program that continues to explore new targets.

Levon Resources Inc. is pleased to announce the filing of the Preliminary Economic Assessment for its 100%-owned, 20,000-hectare (49,400-acre) Cordero Project in northwest Mexico, the results of which were previously announced on January 30, 2012.