Hana Mining Ltd. ("Hana" or the "Company") is pleased to announce positive drilling results from the completion of the 2012 drill programme at the Ghanzi sediment hosted Copper-Silver Project in Botswana. Through the year, a total of 201 holes were drilled over 40,692.66 metres at Zones 2, 4, 5, 6 and Banana Zone.
El Tigre Silver Corp. (the "Company" or "El Tigre") is pleased to report that it has signed a contract with MAJOR DRILLING DE MEXICO, S.A. DE C.V. ("Major Drilling") and has mobilized a core drilling machine and associated equipment to its 431 square kilometer El Tigre silver-gold property in northern Sonora, Mexico. Drilling will commence the first week of January 2013. The Company is fully funded to complete this next phase of drilling.
NGEx Resources Inc. ("NGEx" or the "Company") is pleased to announce that drilling has started at the Josemaria and Filo del Sol Projects located in San Juan Province, Argentina. Drilling has started with one diamond drill rig at each project with an additional rig scheduled to be added to each project in the next few weeks. Six drill rigs continue to work at the nearby Los Helados Project where drilling began in October.
Excalibur Resources Ltd. ("Excalibur" or the "Company") is pleased to provide an update on the sampling program at the Catanava property in Pinos, Zacatecas, Mexico. Pinos has been mined since 1546 and was one of only three bonanza gold districts discovered by the Spanish in Mexico. It is located in the historic Fresnillo - Guanajuato Trend of Mexico, characterized by world-class precious metals mines.
China's role in the global silver market has dramatically changed over the past decade. Once a small player in the global market, China today is the world's leading market for both physical investment and paper trading of silver futures and other similar products, and is the second largest silver fabricator today. Chinese demand for the white metal is expected to achieve further strong growth in the years ahead, according to a report by Thomson Reuters GFMS released today by the Silver Institute.
Homestake Resource Corporation ("Homestake") reported today that surface soil and rock sampling on the Kinskuch project has extended Ag-Pb-Zn mineralization south of Homestake's 2011 drilling by an additional 750 metres and expanding the overall Illiance River trend to more than 4.5 kilometres of strike length. In addition, a second sub-parallel trend of elevated Cu and Au anomalies has been identified to the west of the main trend, along a prominent geophysical conductivity anomaly.
Starcore International Mines Ltd. (the "Company") is pleased to announce results for a recently completed Reserve estimate for its San Martin Mine in Queretaro, Mexico.
Punchline Resources Ltd. ("Punchline" or the "Company") is pleased to announce that it has completed initial drilling of selected targets at the Empress Project located approximately 26 miles south of Goldfield, Nevada.
Empire Mining Corporation ("Empire") is pleased to report that a high resolution, helicopter-borne magnetic and radiometric geophysical survey has commenced over its Bursa licences in western Turkey to aid regional geological and structural interpretation as well as to identify extensions to previously-identified mineralization and to locate new exploration targets.
Patriot Minefinders Inc. ("Patriot" or the "Company") is pleased to announce that the Company has executed a Letter of Intent ("LOI") with Bearing Resources Ltd. ("Bearing") whereby Patriot may earn up to a 75% interest in the 13,400 hectare Kilometer 66 ("KM 66", also known as Mapimi) silver-gold-lead-zinc property located in Durango, Mexico.
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