Category: Exploration and Development

Westridge Resources Inc. announces that the strike length of the high grade epithermal gold and silver El Padre Vein system in the Charay Project in northern Sinaloa State, Mexico has expanded from 240 metres to nearly 1,000 metres through a recent trenching and surface sampling program.

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

Newstrike Capital Inc. announces that its wholly-owned Mexican subsidiary, Minera Aurea, has entered into a purchase option agreement for certain privately held land parcels at the Ana Paula Project in Guerrero State, Mexico. The Company will acquire 100% ownership in approximately 935.85 hectares by making staged payments over the next four years for a total of C$983,624 (based on a 13.32 Mexican peso exchange rate the day of signing). This agreement is pending final registration with the Mexican Government.

Soltoro Ltd. has filed its NI 43-101 resource estimate for its 100% owned El Rayo silver project on SEDAR and made it available on the Company’s website. The report was prepared by Roscoe Postle Associates Inc. The El Rayo property is located approximately 110 km west-northwest of Guadalajara, Jalisco State, Mexico. The NI 43-101 compliant Mineral Resources were estimated by RPA and include an updated estimate for the Las Bolas and Highway Zone structures and an initial estimate for the La Soledad structure.

Xtierra Inc. is pleased to provide an update on a drilling programme being carried out on its Bilbao project in the State of Zacatecas, Mexico. The planned 2,500 metre programme comprising six holes of NQ core drilling commenced on November 19, 2011 with a three week break over Christmas. To the end of January 2012, approximately 1,400 metres had been completed in 3 holes with a fourth hole in progress and analytical results received for holes X-96 and X-100.

Orex Minerals Inc. is pleased to announce that it has signed a definitive Association Agreement with Fresnillo Plc to explore and develop as one large project their respective mineral concessions in the Coneto gold-silver mining district in northern Durango State, Mexico.

Garibaldi Resources Corp. is pleased to announce that it has received final title documents for the Obispo concession from the Mexican Ministry of Mines. The Company’s wholly-owned subsidiary Minera Pender S.A. de C.V. was awarded a 100% interest in 4620 hectares (46 square kilometres) of strategic mineral claims at the government lottery held on September 29, 2011. The Obispo concession is contiguous to Garibaldi’s existing holdings and adds to the company’s dominant land position at its district scale Tonichi Property (see attached map) 160 kilometres southeast of Hermosillo, Sonora State, Mexico.

Goldex Resources Corporation is pleased to announce that drills have started turning at El Arco for the planned 4000m drill program.

Kootenay Gold Inc. is pleased to announce assay results from an additional 6 drill holes from its 25,000 meter, ongoing, multi-phase, step out drill and resource definition program on its Promontorio Silver Project in Sonora, Mexico.

Astral Mining Corporation is pleased to report the third and final batch of results from drilling at the Los Crestones property, Sinaloa state, Mexico. Highlights from Phase One drilling include previously announced 5m averaging 39.1 g/t gold, 93.3 g/t silver and 2.13% copper from drillhole 11 (see December 12th 2011 news release). Intervals stated represent core length, true widths are not stated as mineralization geometry is not clear at this time.