Serengeti Begins Drilling Program on Three Gold-Silver Properties in Mexico

Serengeti Resources Inc. is pleased to announce that its Mexican subsidiary Cia. Minera FB Integral SA de CV, has begun a drilling program that will test high priority gold-silver targets on three properties located in Southern Chihuahua State, Mexico. A total of 3000 to 4000 meters of reverse circulation (RC) drilling will be completed in approximately 25 holes. Drilling has been initiated at the Victoria property where a large scale sediment-hosted gold target has been identified. The drill will then proceed to the Cuates property where a number of locally high grade gold-silver veins and structures have been identified and finally move to the Dorado property, where one to two holes will test a large scale geochemical response.

Goldgroup y el oro veracruzano

Hace casi dos años, la minera canadiense Goldgroup vendió al Grupo Carso —Frisco— un proyecto de extracción de oro en la región conocida como “El Porvenir” en Aguascalientes. El grupo canadiense aseguró que los 25 millones de dólares de aquella operación con Carlos Slim se utilizarían para fortalecer otro proyecto en Veracruz, también de extracción de oro.

Cangold Commences Metallurgical Program for Ixhuatan Gold-Silver Project

Cangold Limited is pleased to announce that it has commenced a metallurgical testing program for the Ixhuatan Gold-Silver Project in Chiapas, Mexico. 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.

Argonaut Exploration Announces Appointment of New Chief Financial Officer and Chief Operating Officer

Argonaut Exploration Inc., a junior mineral exploration company focused on the exploration and development of its British Columbia mineral properties is pleased to announce the appointment of director Oleh Wowkodaw, B.Sc. Geological Engineering, M.B.A., P. Geol. as Chief Financial Officer and Chief Operating Officer of the Company effective March 15th, 2012. Mr. Wowkodaw replaces Dale Hansen who has held the Chief Financial Officer position since December 9th, 2010. Argonaut wishes to thank Mr. Hansen for his financial administrative services to the Company.

Victory Resources Corp. Joins OTCQX

OTC Markets Group Inc., the company that operates the world’s largest electronic marketplace for OTC-traded equities, announced that Victory Resources Corp., a Canadian based junior mineral exploration company, is now trading on the highest tier of the OTC market, OTCQX®.

Endeavour Silver Expands Its Reserves/Resources for 8th Consecutive Year

Endeavour released today its updated NI 43-101 reserve and resource estimates to December 31, 2011 (see table below) for its two producing silver mines (the Guanacevi Mine in Durango State and the Guanajuato Mine in Guanajuato State) and three exploration projects (the San Sebastian Project in Jalisco, Parral Project in Chihuahua and Arroyo Seco Project in Michoacán) in Mexico.

Promontorio Agreements Extended

Azure Minerals Limited is pleased to announce it has successfully negotiated a 24 month extension of its Exploration Contract and Purchase Option Agreements over the Company’s high grade Promontorio Copper-Gold-Silver Project, located in Chihuahua State, Mexico.

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