Category: Exploration and Development

Currently, the Company’s efforts are focused on the Yerington copper district in Nevada and gold and silver in central Mexico. Other precious and base metal projects are largely operated by joint venture partners and require little or no funding.

Source Exploration Corp. is pleased to report that step-out drilling at the Company’s Las Minas Project has extended the favourable mineralized skarn zone by a further 432 metres on-strike for a total known strike length of approximately 712 metres.

Paramount Gold and Silver Corp. today reported more exceptional high-grade intercepts from ongoing in-fill and exploration drilling at its 100%-owned San Miguel Project in northwestern Mexico. The exciting new results are from the Don Ese North target and the San Antonio silver zone, two important discoveries made by Paramount in the past year.

Windstorm Resources is a new company focused on precious metals exploration in Mexico, led by an industry-renowned management team with technical expertise and market experience. Management continues to evaluate quality drill-ready prospects aiming to build an attractive portfolio of gold and silver projects offering multiple opportunities for discovery success. Windstorm is a member of the Grosso Group, a management company specializing in resource exploration for over 18 years.

Geologix Explorations Inc. announces the completion of a second phase drill program at the Libertad project in Sonora, Mexico. The program consisted of five holes totaling approximately 1,150 metres and targeted an untested central portion of a larger structure mineralized at surface.

Colibri Resource Corporation is pleased to update activities at the Ramard silver property located 100 km northeast of the city of Hermosillo, Sonora. In April and May of this year, a 2400 meter drill program was completed at the site. This fall, soil and rock chip grid sampling has been completed on over 10 square kilometers. This information is in addition to soil and rock chip sampling previously completed on the site.

Oroco Resource Corp. is pleased to announce the commencement of an exploration and condemnation drilling program on its Cerro Prieto Property located in Sonora State, Mexico.

Sonora Resources Ltd. has committed to the second year of the option for the Los Amoles silver property and Yale has received an additional 200,000 shares of Sonora Resources. The second year’s commitment at Los Amoles is US $300,000 in expenditures. A work program that will concentrate on sampling a number of the main underground workings in order to trace the continuation of the silver rich veins to depth is currently underway. This is an important step to define the potential for the veins in advance of a drill program expected in 2012.

Galore Resources Inc. is pleased to announce gold assay results from 15 holes of its ongoing shallow percussion drill sampling program on the El Alamo claim, part of the Company’s 100% owned Dos Santos project in the Mazapil-Camino Rojo trend of the Concepcion del Oro district in Zacatecas, Mexico.

Endeavour Silver Corp. announces that exploration drilling in the Lucero South area of Endeavour’s Guanajuato Mines project in Guanajuato State, Mexico continues to intersect high silver and gold grades over mineable widths in the recently discovered Daniela vein.