Category: Exploration and Development

Riverside Resources Inc. is pleased to report that an initial five hole drill program has commenced at the Pedernal Project in Durango, Mexico. The main focus of the program will be the Tablones Norte Vein, where the recent trenching and soil sampling returned encouraging results (News release January 24, 2012). The program also proposes to test the Milpas Vein structure with at least a single drill hole. Drill holes will vary from 200 to 400 metres in depth with angles of -50 degrees to -60 degrees.

Endeavour Silver Corp. announced today that it is forecasting its eighth consecutive year of production growth for 2012. The Company owns and operates two high grade, underground, silver-gold mines in Mexico, the Guanacevi Mine in Durango State and the Guanajuato Mine in Guanajuato State.

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 are contained in completely oxidized, vuggy and siliceous rock occurring within and peripheral to the La Paila Zone, which lies within the Northern Zone. All 11 drill holes reported below (see Tables 1 and 2 and the drill hole location map) are above the established cut-off grade and are part of the ongoing drilling program intended to increase mineralized resources at Caballo Blanco. Of the 11 drill holes reported below, six of these drill holes further define the La Paila mineral resource, and the remaining five drill holes expanded the southwestern flank of the La Paila Zone. The zone currently remains open to the south and southwest.

Scorpio Mining Corporation is pleased to announce that the proposal to expand its 100% owned Nuestra Señora processing plant, located in Sinaloa, Mexico has been approved by its Board of Directors.

Base Case Study Shows an Internal Rate of Return of 19.5 % Before Tax and 14.8 % After Tax;
Estimates Recovery of 131 Million Ounces of Silver and 190 Thousand Ounces of Gold, 1.4 Billion Pounds of Zinc and 1.0 Billion Pounds of Lead in the Near Surface 30 Percent of the Cordero Resource

Azure Minerals has recommenced diamond drilling at its wholly owned El Tecolote Project in Mexico with an increased exploration budget from its joint venture partner, Japanese Government organisation Japan Oil, Gas and Metals National Corporation (JOGMEC).

Newstrike Capital Inc TSXV:NES announced assays from its Ana Paula project in Mexico. Results include

0.88 g/t gold over 14.3 metres
0.56 g/t over 36.6 metres (including 1.5 g/t over 7.3 metres)
0.75 g/t over 46 metres (including 1.27 g/t over 14 metres)
1.54 g/t over 73 metres
0.63 g/t over 54.3 metres (including 1.21 g/t over 12.3 metres)
0.67 g/t over 27.4 metres (including 1.58 g/t over 6.2 metres)

Sonora Resources Corp., a mineral exploration and development Company focused on the acquisition of international silver and gold mining properties, is pleased to announce the results from its ongoing surface program of measuring and sampling of the extensive historic surface dumps at the Ayones Project undertaken November 8-13, 2011.

Westridge Resources Inc. is pleased to announce that it has received final approval from the TSX Venture Exchange of the option agreement entered into by its wholly-owned subsidiary, Minera Westridge S.A. de C.V. with Musgrove Minerals Corp. and its wholly-owned subsidiary, Minerales Jazz S.A. de C.V., pursuant to which Minera has been granted the option to acquire up to a 100% interest in an to certain mineral concessions in the United Mexican States known as the Charay Project.

JOGMEC increases El Tecolote 2011/12 Exploration Budget to US$2.27 million
Drilling program increased to 4,000 metres
Second drill rig mobilised