Category: Exploration and Development

Golden Minerals Company is pleased to report significant
operating improvements at the Velardena Operations, located in the
State of Durango, Mexico, since the merger with ECU Silver on
September 2, 2011. The Company also announced plans to rationalize
its extensive exploration portfolio.

IMPACT Silver Corp. is very pleased to announce that construction of the new Capire Open Pit Silver Mine has now commenced. Capire represents a new production center in a new mining district and an opportunity that, upon successful completion of the proposed exploration and development programs, would propel IMPACT to become a multimillion ounce silver producer. Capire is located in the Mamatla Mineral District, 16 kilometers southwest of IMPACT’s active mining and processing operations at the Royal Mines of Zacualpan Silver District, Mexico.

Silver Bull Resources, Inc. is pleased to provide the results for another 8 drill holes that were completed at the end of 2011 targeting the “Centenario Zone”, a new zone of silver mineralization that lies to the north and immediately adjacent to the “Shallow Silver Zone”.

Aurion Resources Ltd. is pleased to report that it’s partner AuRico Gold Inc has advised Aurion it commenced diamond drilling at La Bandera in late November and to date has completed seven diamond drillholes comprising approximately 3300 m of a proposed 6800 m program on Aurion’s wholly owned La Bandera gold project in Durango, Mexico. Assays are pending but will be reported at the end of the drill program when all assays and results have been received and compiled.

The Concepcion del Oro gold district in the northern Zacatecas state of Mexico is no stranger to gold discovery. This region is home to some of the most significant precious metal discoveries in recent memory. With major companies like Goldcorp now firmly entrenched in the area, it is a very good place for junior exploration companies to be exploring.

Virgin Metals Inc. today released the results of a Preliminary Economic Assessment on its 100% owned Los Verdes Project in Sonora Mexico including a financial analysis of the impact of Virgin’s recent Potreritos acquisition.

Source Exploration Corp. is pleased to announce that its wholly owned Mexican Subsidiary Roca Verde Exploration de Mexico has signed an option agreement with Empresa Minera Caprice, JC, S.A. de C.V. to acquire up to a 100% interest in its Capricho mineral exploration concessions located in Sinaloa, Mexico. The terms of the option agreement were detailed in a previous press release dated November 9, 2011. Drilling prospective high grade targets is scheduled to commence in January.

Endeavour Silver Corp. announced today record-setting silver and gold production from the Company’s two operating silver mines in Mexico, the Guanacevi Mine in Durango State and the Guanajuato Mine in Guanajuato State for the Fourth Quarter, 2011.

Timmins Gold Corp. is pleased to report preliminary production results for the Company’s third quarter and year ended December 31, 2011. The Company achieved record gold production of 21,524 gold ounces for the quarter, including a record month of 8,504 ounces of gold production for the month of December, 2011. The Company is pleased to report that the recovery ratio in December, 2011 was 76%. The recovery ratio for the period October 1, 2011 to December 31, 2011 was 65%, up from 55% in the same period last year. The recovery ratio is defined as the ratio of gold ounces produced divided by the number of contained gold ounces stacked over a specific period.

Fortunate Sun Mining Company Ltd. is pleased to announce that the Camacho and Pirelli projects 100% owned by the Company have been returned to Fortunate Sun by Kinross Gold’s Mexican Subsidiary, KG Exploracion Mexico S.A de C.V. effective today, as Kinross has elected to terminate the options.