Category: Exploration and Development

Kootenay Silver Inc. and Copper Creek Gold Corp. are pleased to announce results from a recently completed diamond drilling program on its Santa Lucia project in Sonora, Mexico. Copper Creek has an option to earn a 60% interest in the project from Kootenay Silver Inc. by spending $2 million and making cash and share payments over a 4 year period. The property is situated approximately 200km southeast of Hermosillo, Mexico.

Soltoro Ltd. has entered into an Option Agreement with Gold Reserve Inc. whereby Soltoro grants Gold Reserve the right to earn an undivided 51% interest in the La Tortuga property located in Jalisco State, Mexico.

Orko Silver Corp. Orko Silver Corp. is pleased to provide a synopsis of the results of a new engineering study recently completed on our 100% owned La Preciosa project by our independent consultant AMEC Americas Limited.

Southern Silver Exploration Corp. reported today that drilling on the Cerro Las Minitas project, located in Durango State, Mexico, continues to extend laterally and to depth, projections of the known mineralized structures at both the Blind Zone and El Sol deposits.

Paramount Gold and Silver Corp. today reported outstanding new assays from the southward extension of the high-grade La Union zone which could have major consequences for its 100%-owned San Miguel Project in Mexico.

Cangold Limited is pleased to announce that field work has commenced on the Plomo gold project in northern Sonora, Mexico. The Plomo Project has five gold zones associated with low angle faulting within a one by five kilometre area. Geological mapping and detailed surface rock sampling are being carried out to locate and delineate complex structural zones and associated low grade bulk tonnage gold mineralization for follow-up drill testing. Both northwest and northeast trending structures on the property have been shown to be mineralized and the areas where the two intersect are a priority for detailed field work.

International Northair Mines Ltd. is pleased to announce the assay results from five additional core holes completed at its La Cigarra silver project, located in north central Mexico. Two holes were completed within a previously untested area between the San Gregorio and Las Carolinas zones and three holes are from in-fill drilling within the Las Carolinas Zone.

Catalyst Copper Corp. is pleased to announce results from the first five (5) diamond drill holes from its 2012 program at the La Verde copper porphyry project in Michoacán state, Mexico.

Scorpio Mining Corporation reports final results from the recently completed 4,068 meter Phase I drill program at its 100% owned La Revancha Project, Chihuahua State, Mexico.

Aura Silver Resources Inc. is pleased to announce that the Aura Silver / Intrepid Mines Ltd. joint venture and Pan American Silver Corp. have entered into a new agreement which supersedes the prior option agreement with respect to the East Taviche, West Taviche and Alma Delia concessions comprising the Taviche project in Oaxaca, Mexico. Under the terms of the new agreement the Taviche JV acquires a full 100% ownership interest in both the East Taviche and Alma Delia concessions while Pan Am retains a 100% ownership position in the West Taviche concession. The Taviche JV will be entitled to receive a cash payment of US $2.0 million, dependent on certain sale or disposition transactions undertaken by Pan Am in excess of a 70% interest with respect to the West Taviche property. Pan Am has also refunded the final earn-in payment of US $250,000 paid in September 2011. Additionally, the Taviche JV has granted Pan Am a 1.5% net smelter royalty (“NSR”) as well as a right of first offer (“ROFO”) on all of the East Taviche and Alma Delia concessions based on certain terms and conditions.