Day: June 20, 2013

Goldcorp’s Peñasquito mine continues to work towards a negotiated land claim settlement with Cerro Gordo Ejidos

Goldcorp Inc. today announced the filing of a claim in the First District Court in Zacatecas by Minera Peñasquito that resulted in the temporary suspension of an agrarian court ruling. The hearing for a permanent suspension will be held on June 27, 2013. The agrarian court ruling relates to a claim by the Cerro Gordo Ejido that challenged surface land rights to 600 hectares (approximately 1,483 acres) of land located in Mazapil, Mexico and within the confines of the Peñasquito mine site. The ruling purports to nullify Goldcorp’s lease of the surface land and orders the land returned to the Cerro Gordo Ejido for payment of 2.4 million pesos.

Brigus Gold Settles Dispute on Huizopa Project

Brigus Gold Corp. is pleased to advise that it has reached a settlement agreement in connection with its Huizopa exploration project located in the Sierra Madre Occidental mountains in Chihuahua, Mexico.

Gold Resource Corporation Discovers New Mineralized Zone at Arista Deposit With 500 Meter Stepout Including 2.2 Meters of 12.91 Grams Gold and 410 Grams Silver

Gold Resource Corporation announces it intercepted new mineralization approximately 500 meters northeast of the Arista vein system in a stepout hole cutting 2.2 meters of 12.91 grams per tonne gold and 410 grams per tonne silver. Gold Resource Corporation is a low-cost gold producer with operations in the southern state of Oaxaca, Mexico. The Company has returned over $83 million to shareholders in monthly dividends since declaring commercial production July 1, 2010, and offers shareholders the option to convert their cash dividends into physical gold and silver and take delivery.

Minaurum Gold Receives Report on Santa Marta Project in Oaxaca from Dr. James Franklin

Minaurum Gold Inc. is pleased to announce the results of a review and report by Dr. James Franklin on its 100% controlled Santa Marta project in Oaxaca, Mexico. Dr. Franklin is a geologist with more than 40 years of research and exploration experience on both active and ancient volcanogenic massive sulfide systems along with numerous discoveries to his credit.

MAG Silver Appoints George Paspalas As President And CEO

MAG Silver Corp. announced today that George Paspalas will succeed Dan MacInnis as MAG Silver’s President and Chief Executive Officer effective October 15, 2013. George Paspalas was formerly President and Chief Executive Officer of Canadian based gold producer Aurizon Mines Ltd. which was recently acquired by Hecla Mining Company. Dan will remain as an integral member of the board of directors of the company.

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.