Category: Exploration and Development

Oro Mining Ltd. announces the results of the sonic drilling campaign conducted in 2011.

First Mexican Gold Corp. is pleased to announce that it has completed its 80% option earn-in on the Guadalupe property in Sonora State, Mexico, from Minera Internacional Milenio S.A. de C.V., a wholly owned subsidiary of International Millennium Mining Corp. The option agreement was subject to First Mexican Gold having to spend a total of US$4 million dollars on the project.

Vendome Resources Corp. is pleased to announce additional high grade chip and channel samples from its San Javier Mine property located within the municipality of Malinaltepec, State of Guerrero, Mexico.

Riverside Resources Inc. is pleased to report positive results from excavator trenching reporting assays up to 1.4 g/t Au and providing further evidence to support the model that trenching has exposed the upper levels of a newly discovered, low sulfidation epithermal district. Trench results included 3.4 metres @ 0.65 g/t Au (including 1.7m of 1.2 g/t) and 15.89 metres @ 0.18 g/t Au (including 3.1m of 0.53 g/t). Results showed very encouraging dissemination beyond vein controls. Riverside and partner Mexigold Corp. are set to commence drilling shortly on the trench and rock assay target areas.

Bowmore Exploration Ltd. is pleased to announce that all necessary permitting and road access has been completed on the Chivas property located in Sonora, Mexico, in preparation for the upcoming drill program. The Chivas property is optioned from Amex Exploration Inc. (AMX: TSX-V). The company completed 20 km in road maintenance and widening and also completed 12 km in road construction to allow access for a conventional drill rig to the targeted zones identified by previous work programs. Work began in early December 2011 and was recently completed with access to the Silica Cap, Mesa Blanca, and the Mesa zones. All drill pads have been prepared to test the IP and TerraSpect anomalies along the mentioned altered zones where previous exploration work in 2010 and 2011 identified a large low sulphidation epithermal system and the discovery of a large silica zone within the Chivas property (see news releases dated October 26, 2010, July 14, 2011 and November 21, 2011).

Evrim Resources Corp. is pleased to report initial results from the on-going drill program at the Suaqui Verde copper-molybdenum porphyry project in Sonora, Mexico. Evrim and funding partner Inmet Mining Corporation have received assay results for six drill holes totaling 2,625 metres of an expanded 6,200 metre drill program. The program is designed to test a combination of geophysical targets and exposed surface targets within the Adriana system and the surrounding basin.

First Majestic Silver Corp. is proud to announce that the new La Parrilla flotation/cyanidation plant was inaugurated in a ceremony at the La Parrilla Silver Mine in the State of Durango, Mexico on January 19, 2012, in which approximately 150 people attended including several Mexican Federal, State and Municipal authorities. The Federal Government was represented by the Lic. Jimena Valverde Valdez, General Coordinator of Mining for the Secretary of the Economy while the State of Durango was represented by Ing. Hector Vela Valenzuela, Secretary General of the Governor of Durango, both of whom declared the new plant as officially open.

Soltoro Ltd. has received results for an additional twelve diamond drill holes at the El Rayo primary silver deposit in Jalisco, Mexico. All twelve holes were completed on the Soledad structure. The Soledad structure is one of three deposits that make up the existing 77.4 million ounce measured and indicated in-pit silver resource. The east-west trending Soledad deposit was recently added to the resource where an initial 13 million ounces of silver has been defined to date. None of the drill results reported in this release were included in the existing resource. To date at Soledad, two high-grade silver zones (Central and Western) have been identified.

Lone Star Gold, Inc has filed an amendment to its La Candelaria Definitive Agreement in order to extend the Company’s work commitment to the project until March 11, 2012. With the extension in place until March 11, Lone Star will have the opportunity to drill 3-4 deep core holes to add to the Company’s understanding of the Mexico-based project’s mineral potential.

The Company signed a surface access rights agreement covering 129 hectares with a 30 year duration – The Company is securing drill permits for the commencement of the first phase of drilling at Santa Catarina gold project – A ground geophysical survey is anticipated to commence in Q1, 2012 – Initial drill testing is planned for Q2, 2012