Month: February 2013

Last year, GoGold Resources issued millions of shares and worked for months to acquire Absolute Gold Holdings for its Parral project in Mexico, home to a huge heap of tailings left behind after 300 years of operations at the Mina La Prieta mine.

Canasil Resources Inc. announces that the Company has received comprehensive drill permits for the Salamandra silver-copper-zinc-lead and Sandra-Escobar silver-gold projects in Durango State, Mexico. Since the introduction of new environmental and land use regulations in Mexico in 2012 with respect to drill permits, the process for approving drill permits requires longer lead times. As a result Canasil has systematically applied for drill permits for its drill ready projects in Mexico to avoid any delays with the implementation of any planned drill programs. The Company is pleased to have received comprehensive drill permits for both projects within a relatively short lead time following filing of the applications. Each of the permits provides for multiple drill holes from 25 drill locations with provisions for building drill access roads etc. with a validity of two years, which may be extended if necessary. This will provide significant flexibility in planning appropriate drill programs to test these high potential projects.

Los trabajadores fallecieron a consecuencia del accidente que se registró a las 10 de la noche de este miércoles en la Mina San Juan Unidad del Toro de la empresa First Majestic, ubicada en el municipio de Chalchihuites, Zacatecas.

Greg Myers, CEO and President of Caza Gold Corp., announces results from the 2012 mapping and sampling program in the Balleza-Cienega area of the Moris Project in Chihuahua, Mexico. Several new gold and silver targets were identified, extending previously known low-grade bulk mineable zones and higher grade veins. Several new areas of vein stockworks, and disseminated gold mineralization were identified during the mapping program.

Low Initial Capital of $232 Million and Low Operating Costs Generate Exceptional Economics
Estimated Average Annual Production of 57,300 ozs. Gold and 3.1 Million ozs. Silver for 14 Years
Estimated Base Case Pre-Tax NPV of US$707 Million at a 5% Discount Rate and IRR of 33.2%

Evrim Resources Corp. is pleased to announce that exploration partner Inmet Mining Corporation has approved a $2.43 million drilling and geophysical program on the Company’s wholly owned Cumobabi project in Sonora, Mexico. The Cumobabi project comprises 407 square kilometre of prospective ground within the Sonora copper-molybdenum porphyry belt, approximately 130 kilometres north east of Hermosillo.

Candente Gold Corp. is pleased to provide an update on the continuing definition of gold-silver mineralization at its El Oro Project in central Mexico. Following a recent Director’s visit to the property, Candente Gold is of the opinion that the El Oro project has met a major milestone in the ongoing compilation of the historical work by identifying previously unrecognized and untested controls for potential higher grade mineralization.

Garibaldi Resources Corp. is pleased to report results at the Locust drill target in Sonora State, Mexico. To date, 9 holes have been drilled for a total of 1,757.7 meters. The tenth hole is currently in progress. This news release reports new results from holes LCT-12-07 through LCT-12-09 in the table below. In general, most of the holes have intersected significant widths of mineralization.

Kootenay Silver Inc. is pleased to announce results from preliminary metallurgical testing conducted by ALS Minerals of Kamloops, British Columbia on the gold component contained within the diatreme hosted Promontorio Silver resource. Results from the ALS gold extraction tests show that recovery of gold from the Promontorio resource is possible using post pressure oxidation. After pressure oxidation 94.5% of the gold was extracted from pyrite concentrate.

Sólo se hará un exposición del proyecto que incluye únicamente la fase de “exploración” y no el de la posible apertura.

Amarium Technologies, Inc. released today that it is aggressively pursuing the acquisition of a copper property in Mexico. Once completed, the acquisition will represent a strategic shift in business for Amarium. The Company is now focusing on the acquisition and development of base metals projects inside Mexico that represent significant growth, value and cashflow opportunities.

Kimber Resources Inc. today announced results from its underground rehabilitation and sampling program within the historic Carmen Level 1, underground workings of the Carmen deposit at the 100% owned Monterde gold-silver project in Chihuahua, Mexico. Level 1 is the middle and most extensive of three levels developed on the Carmen deposit. Assay results from Level 1 at Carmen show significant strike lengths of high grade gold and silver mineralization remaining on the vein structure that were not removed by mining in the 1930’s and 1940’s. The continuity of these high grade zones, over significant strike lengths, supports the potential for similar continuity of high grade zones intersected in other areas of the Carmen deposit.

Garibaldi Resources Corp. is pleased to provide shareholders the following exploration review for the year 2012. The company undertook regional evaluations at its five 100% owned projects in Mexico: Tonichi, Rodadero, and Badesi in Sonora State, Iris in Chihuahua State, and Sianori in Durango State.

Golden Tag Resources Ltd. is pleased to report the Updated Resource Estimate completed by SGS Canada Inc. on the San Diego Deposit located in the Velardeña camp in Durango State, Mexico. The property is a 50-50 joint venture between Golden Tag and Golden Minerals Company. Golden Tag is the operator and is earning an additional 10% interest to a 60% interest by funding additional exploration on the property.

SilverCrest Mines Inc. is pleased to announce results of further delineation drilling at the Santa Elena Mine in Sonora, Mexico. One hundred and eleven holes of a revised planned 114 holes have been completed to re-categorize Indicated and Inferred Resources to Probable Reserves and expand current underground Resources. This drill program continues to be extremely successful and several of the most recent holes have identified additional bonanza grade (as defined below) intercepts and two new zones (El Cholugo and El Cholugo Dos) that lie below and are sub-parallel to the Main Mineralized Zone currently being mined. All holes included in this program will assist with resource confirmation and reclassification, the results of which will be included in the upcoming Pre-Feasibility Study for the Santa Elena Expansion Project.

Radius Gold Inc. is pleased to announce that it has signed a binding agreement with a private exploration company to option a 10,800 hectare property which hosts a low-sulphidation, epithermal silver-gold vein system located approximately 80 km ENE of the city of Guanajuato in Mexico. Radius has named the project “Santa Brígida” after the Santa Brígida vein, one of the historically mined veins on the property.

+50 Million Ounces of Silver Resource Grading 76 g/t silver within a Constraining Shell