Category: Exploration and Development

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.

Silver Bull Resources, Inc. is pleased to announce drill results from the 2011 drill campaign on the “Shallow Silver Zone”.
Highlights include;

Cerro Resources NL is pleased to announce nine additional core hole drill results from the Namiquipa Silver Project, in Chihuahua state, Mexico. Currently 57 holes have been completed for a total of 21,256m of core, with further assays pending.

Paramount Gold and Silver Corp. today reported new assay results from ongoing core drilling at its 100%-owned San Miguel Project in Mexico. The reported drill holes come from the high-grade gold and silver deposits of Don Ese North and La Union.

Argentum Silver Corp. reports that it has commenced the first phase of its drilling program at the 1053-hectare Coyote Property, located in the State of Jalisco, Mexico. Argentum has planned a 2000-metre diamond drill program consisting of nineteen holes ranging in depth from 80 to 130 metres. These holes are targeted to test six of the identified mineralized veins from surface. Argentum can extend this drill program to 3000 metres or more without re-mobilizing the drill crew. This decision will be made based on initial results of the drilling.

Golden Tag Resources Ltd. is pleased to report the results from hole SD-11-46, the final hole of a 10,400 meter, Phase 5 surface exploration program on the San Diego Property, Durango State, Mexico. The property is a 50/50 joint venture between Golden Tag and Golden Minerals Company headquartered in Golden, Colorado.

A dispute over a water pipeline in San José del Progreso, a municipality in the Ocotlán district of the southern Mexican state of Oaxaca, turned deadly on Jan. 18 when supporters of Mayor Alberto Mauro Sánchez Muñoz reportedly opened fire on demonstrators. Protesters Bernardo Méndez Vásquez and Abigail Vásquez Sánchez were wounded; Méndez Vásquez died the next day in a hospital in Oaxaca city, the state capital. Both were members of the United Peoples of the Ocotlán Valley Coordinating Committee (COPUVO), which has been engaged in a three-year struggle against the Trinidad silver mine owned by Compañia Minera Cuzcatlan S.A. de C.V., a subsidiary of Vancouver-based Fortuna Silver Mines Inc.