Category: Exploration and Development

Cream Minerals Ltd. is pleased to provide results for the remaining two exploration drill holes on Once Bocas South. The Once Bocas South zone is a new area of silver and gold mineralization associated with quartz veins and quartz stock work zones. Once Bocas South is thought to be a displaced segment of Once Bocas North and it is not included in the current NI 43-101 Inferred Mineral Resource. Results of the first four holes were released on November 10, 2011.

Mercator Minerals Ltd. is pleased to provide an update on activities at its wholly owned El Pilar project. On January 12, 2012, the Company’s subsidiary which holds the El Pilar project, made the final payment for the change of land use permit which allows mining to commence. Also, over the past few months, the final water concessions have been obtained, which along with the previously granted mineral concessions, surface rights, and construction permit, allows for the commencement of construction and mining operations at the El Pilar project. Detailed engineering, environmental studies and right of way on the power transmission line and access road have also been advanced. Detailed engineering work continues with major equipment sourcing and construction bid materials being prepared.

Geologix Explorations Inc. is pleased to announce the results of the remaining South Zone drill assays from the recently completed resource expansion and infill drilling program at its 100% owned Tepal property in Michoacán state, Mexico. Results from the last 17 holes from a total of 37 holes drilled at the South Zone have now been received.

International Northair Mines Ltd. is pleased to announce assay results from seven core drill holes recently completed in the San Gregorio Zone at its La Cigarra silver project, located in north central Mexico.

Multiple Mineralized Structures Were Found in All Holes – Hole 2 Assayed 5.5 M of 212.26 g/t Ag Including 1.7 M of 563 g/t Ag – Hole 3 Assayed 5.4 M of 28.56 g/t Ag and 0.82 g/t Au Including 1.4 M of 56.60 g/t Ag and 2.54 g/t Au – Additional Drilling Being Planned to Follow the Strike and Dip Extent of the La Purisima Structure as Well as Other Structures and Skarn/ Replacement Mineralization

Evrim Resources Corp. is pleased to announce the signing of a three-year Regional Alliance Agreement with Newmont Ventures Limited for generative exploration within study areas in the Trans Mexican Volcanic Belt in Mexico. The Alliance will focus on identifying gold, silver, and gold-copper porphyry targets using Evrim’s generative capabilities in Mexico and Newmont’s proprietary bulk leach extractable gold analysis.

Arian Silver Corporation, a silver exploration, development and production company with a focus on projects in the silver belt of Mexico, today announced further encouraging results from the Company’s Phase 4 exploration drilling programme together with the completion of a geophysical induced polarisation survey at its 100% owned San José Property located in Zacatecas State, Mexico.

Minaurum Gold Inc. is pleased to announce that it has outlined multiple coincident geological, geochemical, and geophysical targets at its 8,831-hectare Vuelcos del Destino project in southern Mexico. The Vuelco’s project lies 20km from Goldcorp’s 9Moz Los Filos Gold Mine within the 15M oz Guerrero Gold Belt. The property was acquired from geologist David M. Jones, who is credited with the discovery of the Los Filos deposit. Drill permitting is underway.

Highvista Gold Inc. is pleased to report on the results of its 2011 drill program at its 100% owned Canasta Dorada Gold Project, located within the Sonoran Gold Belt, in Sonora State, Mexico. This phase of drilling included fourteen reverse circulation drill holes totaling 2,055 meters. Drilling was focused on three priority targets; Big Pit, La Republicana, and Las Quintas. Drilling commenced in early October and was completed in late November.

Golden Fame Resources Corp is pleased to report that it has received the results of the first three diamond drill holes from their on-going diamond drill program at the Algun Dia multi-element, epithermal vein prospect located near the city of Guanajuato, in the State of Guanajuato, Mexico.