Endeavour Silver Reports Second Quarter 2012 Financial Results; Arranges $75 Million Revolving Bank Line of Credit With Scotiabank; Q2 2012

 
Endeavour Silver Corp. (TSX:EDR)(NYSE:EXK)(FRANKFURT:EJD) announced today its financial and operating results and unaudited condensed consolidated interim financial statements for the Second Quarter, 2012. Endeavour owns and operates two high-grade, underground, silver-gold mines in Mexico: the Guanacevi Mine in Durango State and the Bolanitos Mine (previously called the Guanajuato Mine) in Guanajuato State. The Company acquired a third high-grade, underground, silver-gold mine, the El Cubo Mine, located near the Bolanitos Mine subsequent to the end of the 2nd quarter so its Q2, 2012 performance is not reported herein.
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Argentex Trenches 2.5 Meters Grading 4,709.6 g/t Ag and 0.30 g/t Au at Pinguino Project

Argentex Mining Corporation ("Argentex" or the "Company") (TSX VENTURE:ATX)(OTCQB:AGXMF) is pleased to release final trenching results from the Company's Phase VIII exploration program, which was completed on June 1, 2012 at its 100%-owned silver-gold and polymetallic Pinguino property in Santa Cruz province, Argentina.

The Phase VIII exploration program included a number of trenches that succeeded in expanding the number of veins (see July 24, 2012 news release) and further defined the surface extent of anomalous intersections previously drilled. Those trenches specifically targeted the Tranquilo, Ivonne (Ivonne Sur, main and Norte) and Sonia veins.

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Argentex Appoints Rob Henderson as Director

Argentex Mining Corporation ("Argentex" or the "Company") (TSX VENTURE:ATX)(OTCQB:AGXMF) is pleased to announce the appointment of Rob Henderson to the Company's board of directors, effective August 1, 2012.

Mr. Henderson, a professional engineer with an MBA, brings close to 30 years of international experience operating, building and acquiring mineral properties. Mr. Henderson recently was appointed COO of Amerigo Resources Ltd, after eight years with Kinross Gold Corporation where he attained the position of Senior Vice President Technical Services responsible for energy, mine planning, mineral resources and reserves. Prior to Kinross, Mr. Henderson worked in mine operations with Rand Mines and De Beers, and then with SNC Lavalin and Hatch delivering engineering services to international mining clients.

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Canarc Reduces Estimated Cost of Feasibility Program for New Polaris Gold Mine Project in BC from $26 Million to $9 Million

Canarc Resource Corp. (TSX:CCM)(OTCBB:CRCUF)(DBFrankfurt:CAN) announces that it has significantly reduced the estimated cost of the proposed work program to complete a feasibility study for commercial development of the New Polaris gold mine project located in northwestern BC from Cdn$26 million down to approximately Cdn$9 million.

Canarc previously planned a Cdn$26 million work program which included underground mine development in order to complete a feasibility study for the project. Under the revised program, Canarc will defer the underground mine development work to the post-feasibility mine development program.

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GoldQuest Intercepts Significant Mineralization at Romero, Dominican Republic; Includes 258 Metres Grading 4.5 g/t Gold and 1.3% Copper and an Upper Section of 55 Metres Grading 1.25 g/t Gold

GoldQuest Mining Corp. (GQC.V)(M1W.F)(M1W.BE) ("GoldQuest" or the "Company") is pleased to announce the assay results of hole LTP 93, the third vertical hole into the Romero discovery, within the Company's 100% owned Las Tres Palmas trend in the Dominican Republic.

The results of hole LTP 93 are summarized as follows:

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