Torex Gold Resources Inc. is pleased to report that drilling results continue to expand the gold-copper-silver mineralization at its Media Luna discovery located south of the Balsas River, on the Morelos Project in Mexico. In addition, work is continuing on several other high potential targets south of the Balsas River.
MAG Silver Corp. is pleased to announce that it has closed its private placement offering of 3,526,210 common shares at a price of C$9.40 per share for gross proceeds of approximately C$33.1 million. The common shares issued are subject to a four month hold period under applicable Canadian securities laws.
Torex Gold Resources Inc. announced today its financial results for the three and nine months ended July 31, 2012.
International Northair Mines Ltd. is pleased to announce assay results from 6 core holes completed in the Las Carolinas Zone at its La Cigarra silver project, located in north central Mexico.
First Mexican Gold Corp. would like to announce that additional drilling has been completed at its Guadalupe property in Sonora State Mexico.
Baja Mining Corp said its South Korean partners for the Boleo project in Mexico were unable to decide on the second stage of financing for the copper-cobalt-zinc project.
Canasil Resources Inc. announces that MAG Silver Corp. has received the drill permit for the planned Phase 2 drill program at Canasils La Esperanza silver-zinc-lead project in Durango and Zacatecas States, Mexico. MAG has also completed the required CAD$150,000 option payment to Canasil for the third year of the option agreement and will now be required to spend an additional CAD$1,500,000 in exploration expenditures from September 1, 2012, to September 1, 2013, in order to maintain the agreement in good standing. A final option payment of CAD$200,000 will be required on September 1, 2013, together with additional exploration expenditures of CAD$1,750,000 by September 1, 2014, should MAG decide to continue and complete the earn-in of a 60% interest in the project under the agreement. MAG reported that drilling is expected to resume at La Esperanza during the third quarter 2012 to test the Fatima, San Pascual and Los Alamitos veins in the north-western part of the project area.
Mercator Minerals Ltd. is pleased to announce the results of an updated feasibility study to the feasibility study completed November 2011, which further enhances the potential development of a robust, large-scale, low-cost copper mine at the El Pilar project (“Project”), located in a mining friendly jurisdiction of the northern Mexican state of Sonora.
Torex Gold Resources Inc. is pleased to report that its Board of Directors has accepted the Morelos Gold Project’s bankable feasibility study dated August 30, 2012, and has instructed management to initiate procedures that will, pending the arrangement of acceptable project financing, lead to the implementation of BFS recommendations to develop and bring the Morelos Gold Project to commercial production.
The Canada-based silver and gold exploration and development company has targeted near-term production (within one year)as part of its ongoing development plan to develop the sizeable and historically proven gold and silver potential held in its 431 square kilometer silver and gold project in Sonora, Mexico.
Mexico Mining Center © 2021 / All Rights Reserved
