Month: June 2012

Minera Autlán estima alza del 20% en ventas en 2T

La minera mexicana Autlán, la mayor productora de ferroaleaciones del país, informó que sus ventas habrían crecido más de un 20% interanual en el segundo trimestre, impulsadas por el precio del manganeso y un tipo de cambio favorable.

SilverCrest Reports Annual General Meeting Results

SilverCrest Mines Inc. is pleased to announce that the Company’s Audited Consolidated Financial Statements for the year ended December 2011 were received and accepted at its Annual General Meeting held on June 20th, 2012.

Scorpio Mining Updates Mineral Resource at Nuestra Señora

Scorpio Mining Corporation today announced an independent updated Mineral Resource estimate for its 100% owned Nuestra Señora Mine in Sinaloa State, Mexico, completed by Mine Development Associates of Reno, Nevada on behalf of Scorpio Mining. The updated National Instrument 43-101 compliant Mineral Resource estimate was commissioned by Scorpio Mining to allow the Corporation to prepare a development model that allows for better planning, scheduling, and budgeting, taking into account the most recent information available to it and recognizing more appropriately the current understanding of the ore body’s spatial complexity. Scorpio Mining has commissioned MDA to prepare a mine plan based on the resource estimate and other criteria in order to present a reserve estimate which is anticipated around the end of the third quarter or early fourth quarter 2012.

Sonora Mine Site Visit: Timmins Gold Corp.- By: Simon Russell, GoldSeek.com Mining Analyst

Timmins Gold Corp. is a Canadian based mining and development company with a portfolio of exploration properties in northern Mexico, who also owns and operates the San Francisco mine. Recently GoldSeek.com’s President Peter Spina and I visited the company’s flagship mine in Sonora State. Peter had previously visited in 2007 soon after their IPO and first drill results were announced. Today the San Francisco gold mine is a state of the art modern open pit and heap leach operation that is on target to produce over 100,000 ounces of gold in 2012, and is undergoing an expansion to produce at least 130,000 ounces in 2013. Their exploration drilling has also increased the total Resource to over 2.92 million ounces of gold, which includes 1.33 million ounces of Reserves.

AuRico Gold Reports Significant Drill Results from the El Chanate Mine

AuRico Gold Inc. is pleased to provide an update of drilling results from the El Chanate Mine in Sonora, Mexico. Since April 2010, 213 new drill holes for 28,499 metres of drilling (23 drill holes for 5,052 metres since April 8, 2011) have been completed with the objective of converting inferred resources to measured and indicated, extending the deposit at depth to the south and southeast and to explore for extensions to the west and east of the present open pit. Results to date have delineated thick zones of continuous mineralization throughout the deposit and defined anomalous mineralization both east and south of the existing open pit (refer to Table 1 in the Appendix for selected drilling results).

Skeena Arranges Loan for Tropico Project Cu-PGM Metallurgical Investigation

Skeena Resources Limited has arranged a one-year, non-interest bearing loan of $200,000 from a director of the Company. The funds will be used for completion of a bench-scale metallurgical investigation of its Tropico copper-platinum-palladium-gold Project in Sinaloa State, Mexico, and for general corporate purposes. Subject to Exchange approval, the director will be issued a total of 500,000 shares (with a hold period of 4 months) as a bonus for making the loan.

Major Drilling Group International Inc. is one of the world’s largest drilling services companies primarily serving the mining industry. Established in 1980, Major Drilling has over 1,000 years of combined experience and expertise within its management team alone.

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