Patriot Minefinders Inc. ("Patriot") is pleased to announce exploration plans for 2013. In addition to exploration targeting new discoveries, Patriot will focus on the KM 66 project that includes an advanced stage silver-gold deposit located in the mining friendly and prolific silver belt in the state of Durango, Mexico.
Rainbow Resources Inc. ("Rainbow" or the "Company") has intersected high-grade silver and gold mineralization near-surface in the southern section of the Company's 100% owned Gold Viking Property near the Village of Slocan in southeast British Columbia. The property had never been previously drilled and is immediately adjacent to the Ottawa Mines, the Slocan Valley's top silver producer in the 1900's, which includes ground also held 100% by Rainbow. Plans are under way to initiate a step-out winter drill program at Gold Viking, if ground conditions continue to be favorable, to further evaluate this new discovery.
International Samuel Exploration Corp. and Lucky Strike Resources Ltd presents an exploration update on the Jewellery Box Property 2012 exploration program.
Chesapeake Gold Corp. ("Chesapeake") wishes to report on the current status of the pre-feasibility study ("PFS") on its 100% owned Metates project located in Durango State, Mexico. The Metates project is one of the largest undeveloped gold-silver projects in the Americas.
Starcore International Mines Ltd. ("Starcore" or the "Company") announces that in 2013 it will focus on increasing shareholder value through exploration and development at its wholly-owned San Martin gold and silver mine in Queretaro, Mexico.
Aegean Metals Group Inc. ("Aegean" or the "Company") is pleased to announce that due to recent positive geologic results from testing on the Hot Prospect (see news release dated November 28, 2012) and the Company's intention to exercise the option to purchase the Ergama Property from Teck Resources Limited ("Teck"), the Aegean board and management have determined it is in the Company's best interest to focus its resources on advancing these two Turkish properties, which are the core assets of the Company. As a result, the Company has given notice to Teck to terminate the option agreement with regard to the Kizildam Property.
Falco Pacific Resource Group Inc. ("Falco Pacific" or the "Company") is pleased to announce that it has commenced a 2,000 metre diamond drill program on its Flavrian Central gold prospect located 15 km northwest of the city of Rouyn-Noranda, Quebec within the West Rouyn-Noranda Camp's ("Western Camp") Flavrian gold district. Drilling recently began with one rig and is expected to be completed in the early first quarter of 2013. The 6 drill-hole program will test multiple shallow gold targets recently generated from Falco Pacific's extensive proprietary regional database.
Southridge Enterprises Inc. ("Southridge" or the "Company") is excited to announce a new Joint Partner, Kinross, a Major listed Mining Company for its Cinco Minas and Gran Cabrera properties. Southridge's joint partnership with Kinross, a major NYSE listed gold mining company, is valued at roughly $550,000,000 to $600,000,000.
Nevada Exploration Inc. ("NGE") is pleased to announce that it has closed, subject to TSX Venture Exchange final approval, the non-brokered private placement ("Offering") previously announced on December 5, 2012. NGE has issued 10,000,000 Units at a price of $0.10, for gross proceeds of $1,000,000.
Golden Valley Mines Ltd. ("Golden Valley Mines" or the "Company") is pleased to provide the following update on the Company's on-going exploration programs:
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