Month: April 2014

Cardero Repays US$3,700,000; Announces Election of Robert van Doorn as Director and Results of Annual General Meeting, held April 4, 2014

Cardero Resource Corp. announces that it has received $3,774,651 as a BC Mineral Exploration Tax Credit refund. These funds, together with additional funds from its line of credit, were used to make the payment of USD 3,700,000, plus interest, due on or before March 14, 2014 under the terms of its outstanding senior secured notes. The Company also announces that all motions put forward for approval at its 2014 Annual General Meeting held April 4, 2014 in Vancouver, British Columbia passed with significant shareholder support.

First Majestic Appoints VP of Technical Services

First Majestic Silver Corp. is pleased to announce the appointment of Mr. Ramon Mendoza Reyes, P. Eng., as Vice President of Technical Services and as Qualified Person responsible for the Company’s Mineral Reserve and Resource estimates, long-term mine planning and the coordination of all work related to the preparation of the Company’s NI 43-101 Technical Reports.

Sierra Sur de Oaxaca: minería y resistencia popular

Hace 15 años, los habitantes de la Sierra Sur comenzaron a preo­cuparse porque se enteraron de que el gobierno federal había otorgado varias concesiones en sus territorios. De acuerdo con la información que se publicó en el año de 1998, el proyecto minero Tehuantepec contemplaba la explotación de minerales en Santa María Zaniza, Santiago Textitlán, San Jacinto Tlacotepec, Santo Domingo Teojomulco, San Lorenzo Texmelucan y Santa María Lachixio, es decir, la mayor parte de la región. Ahora saben que ese proyecto es impulsado por Altos Hornos de México (AHMSA), la siderúrgica más grade del país, que cuenta con concesiones mineras localizadas en el municipio zapoteco de Santa María Zaniza, y en la comunidad de Río Humo, perteneciente al municipio de Santiago Textitlán, con una reserva de 457 millones de toneladas de hierro, situación que la convierte en una de las más grandes del mundo. Sacando 10 millones de toneladas anuales, llevaría 45 años terminar de hacerlo.

IMPACT Silver Reports Results for the Year Ended Decembers 31, 2013

IMPACT Silver Corp. announces its audited financial and production results for the three months and year ended December 31, 2013. Overall, silver production and grade increased, but revenues decreased in 2013 relative to 2012 mainly due to the dramatic drop in silver prices. The Company had a net loss of $8.5 million for the year, most of which was due to non-cash items totaling $9.0 million, resulting in a positive cash contribution of approximately $0.5 million.

Orex Minerals Inc.: Drilling Program to Start in May for Over 10,000 Metres on the Coneto Gold-Silver Project in Mexico

Orex Minerals Inc. is pleased to announce that the 2014 diamond drilling program will begin in May on the Coneto Gold-Silver Project in Durango State, Mexico. The program will consist of approximately 10,800 metres in 28 holes, located in five areas on the Coneto property. A technical committee, with representation of both Orex and its project partner Fresnillo plc is planning the Coneto exploration program, with Fresnillo as the operator.

Citation Receives SERMARNAT Approval for Drill Program at Biricu Project

Citation Resources Inc. is pleased to announce that it has received formal written approval from The Ministry of Environment and Natural Resources (SERMARNAT) that its permit applications for its planned drill program at its Biricu Project have been approved and permits have now been issued.

Minaurum Gold Provides Corporate Update

As one of the first juniors to explore in the Guerrero Gold Belt (“GGB)”, Minaurum is focused on advancing its flagship Vuelcos del Destino project, located 20 km from Goldcorp’s Los Filos mine. To provide itself with financial flexibility, Minaurum has extended its option to purchase 100% of the project from Minera Zalamera S.A. de C.V. to April 23, 2017. In consideration for the extension, it will be paying an additional $20,000 and issuing an additional 2,650,000 shares.

Colibri Reports Change to the Board of Directors

Colibri Resource Corporation announces the resignation of Dr. Jon A. Nourse from the Board of Directors effective April 1, 2014. “Jon was instrumental in all of our exploration programs of Colibri claim sites in Sonora, Mexico,” commented Lance Geselbracht, Colibri’s President. “We wish him well in his continued role as Chairman, Department of Geological Sciences, California State Polytechnic University where he focuses time on building their new graduate program.”

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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.