Category: Exploration and Development

Westridge Resources Inc. announces a diamond drill program has commenced on its Charay Project in western Mexico. Westridge Resources has contracted Major Drilling Group International to undertake a 2,000 meter core drilling program.

VANCOUVER, BRITISH COLUMBIA, Feb 13, 2012 (MARKETWIRE via COMTEX) — Southern Silver Exploration Corp. (frankfurt:SEG) reported today that new assays from 2011 drilling have identified silver-enriched high-grade polymetallic mineralization in two separate target areas on the Cerro Las Minitas project, located in Durango State, Mexico.

Comstock Metals Ltd. is pleased to announce that the Company has mobilized its exploration team and commenced the first phase of a planned 7,000 metre drill program on its Corona Gold-Silver Project in the Uruachic District of Chihuahua, Mexico.

Lone Star Gold, Inc. is pleased to announce the Company plans to begin its initial shipments of 1.2 million tons of mine tailings from the San Antonio del Potrero mine tailings project ahead of schedule. Lone Star acquired an undivided 65% interest in the Tailings Project on January 26, 2012, when the Company signed a Joint Venture Agreement with the specially formed Mexican subsidiary company, AMIKO KAY, S de RL de CV, and Miguel Jaramillo. The project is located near the city of Hidalgo Del Parral in the state of Chihuahua, Mexico.

Southridge Enterprises Inc. announced that it has initiated plans for further exploration at Cinco Minas to increase the Company’s current mineral resource calculation. The exploration program will be led by Company geologist and advisory board member Juan Eduardo Lopez Romero. Mr. Lopez Romero will also be responsible for the qualification and selection of a consulting firm to assist in the design, implementation and fulfillment of the work program, which will focus on the known vein system and identify high grade gold and silver targets to further supply the Company’s ore processing mill at Cinco Minas.

Mundoro Capital Inc. is pleased to announce an update on the exploration activity on the Company’s mineral properties along the Meso Central Belt in northwestern Mexico.

Levon Resources Ltd is pleased to provide an update on Phase 4 resource expansion and exploration drilling at Cordero. The 2012 Cordero drilling program follows the M3 Engineering & Technology (Tucson, Arizona) recommendations on how to improve project economics in their favorable Preliminary Economic Assessment at the Cordero Project (see Levon’s January 30, 2012 news release). The project is located 35 km northeast of Hidalgo Del Parral in southern Chihuahua, Mexico. (target location map attached).

Goldgroup Mining Inc. is pleased to announce that additional diamond drill holes at the Company’s 100% wholly owned Caballo Blanco gold project in Veracruz, Mexico have yielded significant gold intercepts. All diamond drill holes encountered completely oxidized, vuggy and siliceous rock occurring within and peripheral to the La Paila Zone, which lies within the Northern Zone. 16 of the 19 drill holes reported below (see Tables 1 and 2, and the drill hole location map) contain intervals above the established cut-off grade and are part of the ongoing drill program intended to increase mineral resources at Caballo Blanco. Of the 19 drill holes reported below, seven of these drill holes further define the La Paila mineral resource, and the remaining 12 drill holes were drilled to expand the southwestern flank of the La Paila Zone. The zone currently remains open to the south and southwest.

Cream Minerals Ltd. is pleased to announce a new discovery at Nuevo Milenio. Drill hole VT 07-11, an exploration drill hole, oriented NE from the higher grade Veta Tomas vein, intercepted three previously unknown quartz zones with the widest being 4.46 metres. These quartz veins are within a broader intercept of approximately 72 metres.

Golden Goliath is pleased to report that preparatory work is underway for exploration programs to be conducted on two of the Company’s properties, in addition to the ongoing exploration program on Nopalera. All properties are 100% owned by the Company.