Day: September 18, 2014

Baja Provides an Update on the Boleo Project

Baja Mining Corp. wishes to provide an update regarding the Boleo Project, in which it holds a 10% interest, and the impact of Hurricane Odile that hit the Baja Peninsula earlier in the week. Baja understands that although the hurricane was downgraded to a tropical storm in the region of Santa Rosalia, heavy rains and high winds in the area knocked out electricity and communications. Baja has been informed by Minera y Metalúrgica del Boleo S.A. P.I. de CV. and Korea Resources Corporation that there has been no notable damage to the project site and communications have been restored at the site but that the activity at the Boleo Project remains halted while the site is inspected and until clean-up is completed.

Arian Silver Corporation: Issue of Equity

Arian Silver Corporation, a silver exploration, development and production company with a focus on projects in the silver belt of Zacatecas, Mexico, reports that the Company has drawn down GBP 107,000 of its GBP 5 million Standby Equity Distribution Agreement with YA Global Master SPV Ltd, as announced by the Company on 27 September 2012.

Kootenay announces five drill holes completed on Promontorio’s silver mineralized La Negra Diatreme prospect

Kootenay Silver Inc. is pleased to announce the first 5 HQ diameter core holes of its Phase I drill program on its La Negra Diatreme Breccia prospect have been completed and are being submitted for assaying. The La Negra Diatreme Breccia prospect is contained within the ‘Promontorio Mineral Belt’ approx. 6.5 kms north of Kootenay’s flagship Promontorio Silver Resource inSonora, Mexico.

Guerrero Ventures Announces Drill Program

Guerrero Ventures Inc. is pleased to provide an update on ongoing exploration and operations related to the impending maiden drill program at its Biricu Project in the Guerrero Gold Belt, Guerrero State, Mexico.

Grupo México, detrás de una crisis / II

Cuando Germán Larrea dejó al gobierno del presidente Peña Nieto la advertencia de que se verían en los tribunales, su abogado era Fernando Gómez Mont, y llegó a Los Pinos su versión de que le habían pedido 200 millones de dólares para resolver el conflicto, dinero que, dijo, sería utilizado para las campañas políticas, se endureció la postura oficial.

Mammoth Submits Application for Drill Permit at its Tenoriba Property, Mexico and Closes First Tranche of Private Placement Financing

Mammoth Resources Corp. is pleased to announce that it has submitted its permit application to drill its Tenoriba precious metal property located in southwestern Chihuahua state, Mexico (click here for a detailed location map). The application is for permission to drill up to 20 drill holes under an “Informe Preventivo” or “Aviso de Inicio de Actividades de Proyectos de Exploracion Minera Directa” (NOM-120-ECOL-1997) and was submitted to the SEMARNAT (Secretariaria de Medio Ambiente y Recursos Naturales) office in Chihuahua, Mexico. It may require up to 30 business days to review and receive comments, or approve the company’s application. Once the company has received approval and subject to financing, it intends to initiate access road and drill pad construction and repair as a preliminary step to drilling. Quotes have been received from seven drill contractors on 11 different drill rig (reverse circulation or core) services with all-in estimated costs (drilling, sample analysis, travel, accommodations and labour) as low as US $320,000.

Santacruz Silver Announces US$28.4M Silver Prepay Agreement

Santacruz Silver Mining Ltd. is pleased to announce that it has entered into a US$28.4 million Pre-paid Silver Purchase Agreement with JMET, LLC to sell 4,635,000 ounces of silver through August 2019, subject to certain adjustments relating to metal prices. In addition to US$ 28.4 million that will be paid to the Company up front upon satisfaction of certain conditions, at the time of each delivery the Company will receive an amount per ounce of silver equal to the market price at the time, less a fixed discount. It is anticipated that the upfront payment will be advanced within the next two weeks. Under the agreement, the Company maintains the upside on the silver price.

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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.