Category: Exploration and Development

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 encountered completely oxidized, vuggy and siliceous rock occurring within and peripheral to the La Paila Zone, which lies within the Northern Zone. 16 of the 19 drill holes reported below (see Tables 1 and 2, and the drill hole location map) contain intervals above the established cut-off grade and are part of the ongoing drill program intended to increase mineral resources at Caballo Blanco. Of the 19 drill holes reported below, seven of these drill holes further define the La Paila mineral resource, and the remaining 12 drill holes were drilled to expand the southwestern flank of the La Paila Zone. The zone currently remains open to the south and southwest.

Cream Minerals Ltd. is pleased to announce a new discovery at Nuevo Milenio. Drill hole VT 07-11, an exploration drill hole, oriented NE from the higher grade Veta Tomas vein, intercepted three previously unknown quartz zones with the widest being 4.46 metres. These quartz veins are within a broader intercept of approximately 72 metres.

Golden Goliath is pleased to report that preparatory work is underway for exploration programs to be conducted on two of the Company’s properties, in addition to the ongoing exploration program on Nopalera. All properties are 100% owned by the Company.

Wealth Minerals Ltd. is pleased to report, the acquisition of an option to acquire the Valsequillo Silver project, southern Chihuahua state, Mexico. The property is located approximately 40 kilometres southeast of the city of Hidalgo Del Parral within the pre-eminent Altiplano Polymetallic Belt of north-central Mexico. Initial reconnaissance work has identified two significant northwest trending structural corridors characterized by extensive artisanal workings, en echelon and segmented precious and base metal bearing vuggy quartz-sulphide (pyrite, galena, sphalerite and chalcopyrite) veins and a broad colour anomaly (gossan). The mineral-alteration system(s) identified to date remain open for expansion in all directions.

ista Gold Corp. is pleased to announce that it has entered into an Earn-in Right Agreement with Mexico-based Invecture Group, S.A. de C.V. with respect to Vista’s Concordia gold project in Baja California Sur, Mexico. Invecture is the owner of Frontera Copper Corporation, which owns and operates the Piedras Verdes Copper Mine in the Mexican State of Sonora. A conference call with management to discuss this transaction is scheduled for Monday, February 13, 2012 at 11:00 a.m. MST.

Tonnage Increases 53% and Contained Copper Increases 39% in the M&I Resource Class Detailed Mine Planning has Commenced

Goldcorp chairman Ian Telfer has been cited by the Ontario Securities Commission in a recent insider trading probe. The allegation is that Telfer helped participants (including his long-time friend Eda Marie Agueci) in an alleged illegal insider tipping and trading scheme to hide their trading activities.

WestStar Resources Corp. has completed the previously announced Induced Polarization/Resistivity survey and has begun planning for the upcoming diamond drill program on its La Paloma property. The Property is located approximately 70 kilometers west of the city of Guadalajara in the State of Jalisco, Mexico.

Yale Resources Ltd. is pleased to report that it has received results for the three holes, drilled on behalf of its optionee Del Toro Silver Corp. at the Dos Naciones property, located in Sonora State, Mexico.

Serengeti Resources Inc. announces that it’s Mexican subsidiary Cia. Minera FB Integral SA de CV has identified an attractive gold-silver target on it’s Cuates property located on the north edge of the Parral mining district in the state of Chihuahua, Mexico. Selected rock samples collected from mineralized structures at Cuates have assayed up to 7.2 g/t Au and 111 g/t Ag and a recently completed Induced Polarization (IP) geophysical survey has outlined a strong, associated IP chargeability anomaly. Detailed mapping and sampling is underway and reverse circulation (RC) drilling of this compelling target is planned as part of a multi-property drill program starting in March.