Month: October 2013

Bacanora Minerals Ltd. is pleased to announce that a diamond drilling rig under contract from Godbe Drilling of Colorado, USA has arrived on site and has commenced the second stage of drilling on the El Sauz and Fleur concessions that are under joint venture with Rare Earth Minerals PLC. The crew has currently completed the drilling of hole 1 of the 24 holes planned for this second stage of drilling on the Concessions. The first hole on this campaign (ES-11) was drilled approximately 200 metres northeast of hole ES-01 and is within 20 metres of the boundary with the La Ventana concession. It was drilled to a total depth of 258.16 metres and intersected a 35 metre interval of the upper clay unit and a 24 metre interval of the lower clay. The estimated true thickness of the upper clay is 33 metres and that for the lower clay is 22.5 metres. The preliminary log of the main units intersected in ES-11 is tabulated below.

Kootenay Silver Inc. is pleased to announce assay results from a further 3 drill holes as part of its ongoing multi-phase drill and resource expansion program on its flagship Promontorio Silver Project in Sonora, Mexico. The current phase of drilling is focused on a series of high-grade silver intercepts recently identified within a new breccia zone of silver mineralization situated between the Pit and NE Zones. All 3 holes intercepted significant mineralization. There are currently 7 additional holes finished that are either in the assay laboratory for processing or being prepared on site for delivery to the assay laboratory.

Amarium Technologies Inc., through its wholly owned subsidiary Amarium Minerals Inc., reports that the Company’s first shipment of copper production to Anglo Asia Resource Partners is currently in transit. The initial copper shipment of 65,000 pounds to its destination in China begins the fulfillment of the copper stream sales agreement the Company entered into with Anglo Asia on June 5, 2013. Anglo Asia Resource Partners is a private Hong Kong partnership that is focused on procuring precious and base metals for the Asian market’s manufacturing and industrial supply chain.

Geologix Explorations Inc. is pleased to provide an update regarding both its operational progress and its preparations for arranging the financing required to commence operations at the Company’s Tepal Project in Mexico.

Gold Reserve Inc. has completed a property-wide aeromagnetic survey and has taken over 1,350 soil and rock samples on the La Tortuga property.

Torex Gold Resources Inc. is pleased to announce that permit conditions to start construction have been satisfied and site construction has begun at its Morelos Gold Property in Mexico.

Riverside Resources Inc. is pleased to provide an update on the status of its option agreement with partner Sierra Madre Developments Inc. for the Company’s Peñoles Project. In 2011, Riverside and Sierra Madre entered into an option agreement whereby Sierra Madre could earn an initial 51%. To-date, Riverside has received $2,100,000 in cash and shares from Sierra Madre, which helped cover Riverside’s exploration investment costs. Sierra Madre also incurred more than $3,000,000 in drilling and exploration expenditures. The remaining requirements to earn 51% include a payment of $1,350,000 in cash, $1,500,000 in shares and $750,000 in further exploration expenditures.