Day: July 17, 2012

Mexican Gangs Set Their Sights On Illegal Mining

As Mexican authorities crack down on drug trafficking, criminal gangs are increasingly moving into the illicit trade in minerals, with some even operating their own mines and selling the resources to international corporations.

SilverCrest Reports 50m @ 151.8 gpt Ag Eq(i) at La Joya Main Mineralized Trend Continues to Expand

SilverCrest Mines Inc. is pleased to announce the results of an additional 11 holes of the Phase II drill program currently underway at its La Joya Property in Durango, Mexico. The Phase II program is comprised of 80 holes totaling approximately 15,000 metres. Phase II drilling reported to date has extended the Main Mineralized Trend beyond the area containing the current Inferred Resource of 101.9 million ounces Ag Eq.

Source to Commence Drilling Program on Higher-Grade Portions of Las Minas Property

Source Exploration Corp. is pleased to announce its 2012 work program for the Las Minas gold-silver-copper project located at Veracruz, State, Mexico. The program will include 2,000 metres of diamond drilling to expand upon and infill the higher-grade portion of the host skarn intrusion identified in Phase 2 drilling. A drilling contract has been awarded to Grupo Drilcor S.A. de C.V. and drilling is scheduled to get underway in mid-August. In addition, continued prospecting and sampling will be carried out to test for extensions of existing mineralization and identification of new gold, silver and copper mineralization at Las Minas, La Miquitta and La Luz concessions as well as the newly acquired San Valentin concession – see press release dated June 26, 2012.

Excellon provides update on Illegal action at La Platosa mine, Durango Mexico

Excellon Resources Inc. reports that on Monday, July 9th, members of the Edijo de La Sierrita, assisted by the NGO group PRODESC and Sindicato Nacional de Trabajadores Mineros Metalúrgicos, Siderúrgicos y Similares de la República Mexicana which is affiliated with the United Steelworkers Union of Canada (USW) commenced an illegal action at the Company’s La Platosa Mine, located in Durango Mexico.

AuRico Gold’s CEO René Marion Steps Down For Health Reasons; Scott Perry Appointed CEO

AuRico Gold Inc. announced today that René Marion, President, Chief Executive Officer and Director has tendered his resignation for health reasons effective September 3, 2012 and that Scott Perry has been appointed President and Chief Executive Officer. Russell Tremayne and Peter MacPhail will remain as the Chief Operating Officers of Mexico and Canada respectively. Mr. Colin Benner has been appointed as Executive Chairman and will work with the management team through the transition period.

Zinco Advises Of Property Reduction And Its Current Cash Position

Zinco Mining Corporation has dropped one concession and applied to reduce the size of five other concessions held in its VMS Jalisco Project in Mexico. This step has been taken to reduce its property holding costs while the company seeks additional financing. Land being abandoned at this time is peripheral to the Company’s core assets.

Globexplore is a customer focused, technology driven mineral exploration drilling contractor devoted to top of class drilling methods and techniques that only years of experience can achieve. Every day we strive to be the industry leader by providing the highest rate of performance, professionalism, safety and environmental responsibility.

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Maza Drilling is a Mexican company established in 2007 in Mazatlán, Sinaloa. Our Canadian founder, Mr. Guy de Launiere, has over 20 years of international experience managing diverse drilling operations. Maza Drilling strives to compete at the highest levels in terms of recovery, effectiveness, efficiency, and affordability at every project while keeping at the forefront of technology to meet our customer’s needs in this demanding market.