Category: Exploration and Development

Aurion Resources Ltd. is pleased to announce the signing of a Letter of Intent with Golden Minerals Company whereby Aurion will have the right to earn a 100% interest in the El Teyra and Rubi-Esmeralda gold projects in Mexico as further described below. The acquisition is subject to exchange approval.

Cangold Limited is pleased to provide a progress report on the initial steps being taken in advancing the Ixhuatan Gold Project in Chiapas, Mexico through to feasibility study and on its other projects. Cangold is earning a 75% interest in the Ixhuatan project through its own wholly-owned Mexican subsidiary, Coboro Minerales de Mexico, S.A. de C.V.

AuRico Gold Inc. is pleased to provide highlights of the 2011 exploration programs completed at the Company’s expanded asset base in Canada , Mexico and Australia . The Company expects to release a company-wide reserve and resource update in the first quarter of 2012.

United States Antimony Corporation reported that the flotation mill in Guanajuato, Mexico has been completed and is ready for production. To start milling operations, dump rock was hauled from older workings at the Los Juarez antimony/silver/gold property in Queretaro, Mexico. Six samples were taken on a regular basis from approximately 19 truckloads or 420 metric tons from dump rock from an open pit called “Minas Grande.” The significance of this dump is that it was mined to a depth of 40 meters indicating that the deposit is not just a layered, “Manto”, deposit of 5 meters thickness.

Goldgroup Mining Inc. announces that the technical report on the updated mineral resource estimate on the San José de Gracia project titled “NI 43-101 Technical Report on the San José de Gracia Project – Updated Resources Estimates on the Tres Amigos, San Pablo, La Union, La Purisina Zones – Northeast Sinaloa, Mexico” effective September 5, 2011 and dated January 3, 2012, has been filed on SEDAR in compliance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects requirements. This filing is further to the Company’s previously announced updated mineral resource estimate on November 23, 2011.

Argonaut Gold Inc. is pleased to announce the results from a new National Instrument 43-101 compliant, Preliminary Economic Assessment for the 100% owned La Colorada gold-silver project, located 45 km southeast of Hermosillo, Mexico. The updated PEA was completed by SRK Consulting Inc. of Denver, CO. Argonaut acquired the La Colorada project (along with the San Antonio Gold Project) through the acquisition of Pediment Gold Corp. in February of 2011. (All dollar values in this release are expressed in $US).

Alamos Gold Inc. reports fourth quarter and full year 2011 operating results. The Company is also providing its 2012 production guidance and operating, development and exploration budgets.

Prospero Silver Corp. is pleased to announce the acquisition (through staking) of an additional 9,771 hectares in the Santa Maria del Oro gold/silver district. The new ground lies to the west, south and east of the historic, high-grade Magistral vein system. With this addition, Prospero holds 16,124 hectares that virtually surround the historic Magistral del Oro mines, records for which indicate historic grades exceeded 15 g/t Au from oxides ores mined through the mid 20th century.

Axiom Gold and Silver Corp. is pleased to announce it has entered into a letter of intent for the acquisition of the Morelos Project located in western Chihuahua State, Mexico.

Goldex Resources Corporation is pleased to announce the signing of a drill contract with ‘Drift de Mexico S.A de C.V’ a subsidiary of ‘Forage Orbit Garant Drilling’ for an initial drill program of up to 4000m on the company’s El Arco project located in the Durango state of Mexico.