Category: Exploration and Development

Paramount Gold and Silver Corp. today reported more outstanding assay results which significantly expand the size of its new high-grade gold discovery south of the La Union zone as announced last month. Core hole LU-12-035 intersected 23.8 meters grading 4.7 g/T of gold and 6.8 g/T of silver. Hole LU-12-035 lies 80 meters south of discovery core hole LU-12-027 which intersected 79 meters grading 3.70 g/T of gold and 17.34 g/T of silver (see news release of February 16, 2012).

McEwen Mining Inc. is pleased to announce new exploration drill results from its El Gallo Complex in Sinaloa State, Mexico. Highlights include a new discovery called CSX, which returned an impressive 629.4 gpt silver over 6.1 meters and from Palmarito, which returned 240.7 gpt silver over 8.6 meters. Mineralization in both areas starts from surface. In addition, reconnaissance work inNayarit State, which is located south of Sinaloa, has discovered an exciting silver prospect, which is showing good potential for size and grade (Exhibit 1 & 4).

Bearing Resources Ltd. is pleased to announce the Company has executed a binding letter of intent to acquire a 100% interest in the 13,400 hectare Kilometer 66 (“Km 66”, also known as Mapimi) silver-gold-lead-zinc property located immediately adjacent the Company’s 26,474 hectare Parrandera property in Durango, Mexico.

Westridge Resources Inc. announces that geological mapping and trenching has identified several new epithermal veins south of the main El Padre Vein. This field work is being conducted concurrently with the diamond drill program underway on the Charay Project.

Arian Silver Corporation, a silver exploration, development and production company with a focus on projects in the silver belt of Mexico, today announced the results of its updated Canadian National Instrument 43-101 mineral resource estimate for its 100%-owned San José Property, located in Zacatecas State, Mexico.

Pacific Cascade Minerals Inc has prepared a summary of the six diamond drill holes released to-date. To maintain consistency of reporting the Company is reporting in gm/tonne and conversion to Troy ounces/tonne for precious metals and % for base metals.

Urastar Gold Corp. is pleased to announce that it has entered into a drilling contract with Layne Drilling de Mexico for Reverse Circulation drilling at the El Antimonio exploration property located in Sonora State, Mexico. A total of approximately 10,000 meters in 40 holes is planned with an anticipated start date of March 12, 2012.

Focus Gold Corp. is pleased to announce it has identified drill targets on both its porphyry disseminated project and its historic vein targets within the Huicicila project area in Nayarit, Mexico.

Soltoro Ltd. and Argentum Silver Corp. are pleased to announce assay results from three additional diamond drill holes completed on the El Tajo vein at the Coyote property located in Jalisco, Mexico.

Argentum Silver Corp. is pleased to announce assay results from three additional diamond drill holes recently completed on the El Tajo vein at its Coyote property, located in Jalisco, Mexico.