Day: July 9, 2013

Proposed Gold Mine in Baja Splits Miners and Farmers

Raul Manriquez drops a pebble in a hole in the ground. We count the seconds until we hear the impact: eight. “This exploration hole is about 700 feet deep,” he estimates. There are 588 more holes around us in the Sierra la Laguna mountain in Mexico. We are standing on top of what could soon be a gold mine: an estimated 1.7 million ounces of gold worth more than $2 billion are embedded in the rocks under our feet. If state officials in Baja California Sur approve the project, the hills we are standing on will be turned inside out and become one vast open pit mine.

Peñasquito debe regresar tierras a ejidatarios, advierten abogados

Minera Peñasquito-Goldcorp debe acatar la sentencia del Tribunal Unitario Agrario (TUA) y regresar las 599 hectáreas a los ejidatarios, sostuvieron los abogados de los 29 ejidatarios de Cerro Gordo, en Mazapil, Pablo Hugo Teniente Kerckoff y Alfonso Herrera Gómez.

Westminster Resources Ltd. – Montoso zone drilling intersects pyrite-rich porphyry alteration containing broad intervals enriched in silver

Westminster Resources Ltd. has compiled results from five core holes drilled on the Montoso Target of the Company’s Cumbral-San Bartolo project in Sonora,Mexico. This portion of Westminster’s concessions is being explored through an earn-in Option Agreement with Capstone Mining Corp. who have 49% interest in the project having funded $3.3 million to date on exploration. A further contiguous 9,615 hectares of new mineral concessions have been added to the project.

Formation Metals Implements Governance Committee’s Recommendation

Formation Metals Inc. today announced that pursuant to an initial recommendation of the Compensation, Nomination and Corporate Governance Committee of the Board, which was previously charged with undertaking a comprehensive review of Formation’s corporate governance practices, the roles of Chairman and CEO have been separated. Mr. Robert Quinn, previously Lead Director, has been appointed Chairman of the Board of Directors of Formation and Mari-Ann Green will continue in her role as director and Chief Executive Officer. The purpose of the governance review, which is ongoing, is to identify and recommend to the full Board specific governance enhancing initiatives. The Compensation, Nomination and Corporate Governance Committee is comprised entirely of independent directors.

Quaterra And Goldcorp Extend Investment Framework Agreement

Quaterra Resources Inc. today announced it has concluded an Amended Agreement with Goldcorp Inc. which amends certain terms of the Investment Framework Agreement dated January 29, 2010, the terms of which were outlined in the Company’s news release dated February 10, 2010.

Corex Announces Drill Rig Mobilized to Santana

Corex Gold Corp. is pleased to announce that Vale Exploraciones Mexico S.A. de C.V., a wholly-owned subsidiary of Vale S.A. has secured and mobilized a drill rig to its Santana Property.

Excalibur: Catanava Operations Update

Excalibur Resources Ltd. provides an update on the activities at its 49% owned subsidiary Minera Catanava de C.V. Since the plant manager started in February, he has been instrumental in analyzing the ore from the various veins and dumps in order to optimize plant operations. He has made many improvements including changing the wave table location, installing the cyclone classifier, changing the water pump and starter panel, preparing the concrete vats for the recycling of water from the tailings, various safety items(trip wires, signage, equipment guards, etc). The plant schedule is to complete the installation of the two new iCON concentrators, change the liners in the ball mill this week, followed by repositioning of the conveyor belts and the base for a new cone crusher, which should be installed in early August. Then, lighting will be installed in the plant building to accommodate a 2nd shift for a two 12 hour shift operation. Finally, flotation cells will be installed in the Fall to improve the recovery of silver.

Agreement to Sell the La Balsa Project & SXEW Plant Proceeds to Eliminate Bank Debt

Bell Copper Corporation announces that it, along with its wholly owned subsidiaries Rogue River Resources Corp. and Minera Montoro S.A. de C.V. which holds the La Balsa project in Mexico, have entered into a share and asset sale and purchase agreement with Binhhai Harbour Group HK Co., Limited and Mr. Jie Lu pursuant to which: (i) the Purchasers will purchase 100% of the issued and outstanding shares of Montoro; and (ii) Binhai will purchase from Rogue River the SXEW plant owned by Rogue River and which is being stored in Arizona.

Layne, A Granite Company, provides sustainable solutions for water resources and mineral exploration. Originally established in 1882, Layne offers a rich history of delivering safe, professional, and reliable water and minerals solutions throughout North and South America. Granite acquired Layne and its subsidiaries in the fall of 2018, to further Granite’s strategy to grow through acquisition and diverse end market expansion.

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