Orex’s President, Gary Cope says, “This is an active time for the exploration of the Sandra Escobar Project. We are encouraged by the early stage metallurgical tests and look forward to the initial resource estimate. A new phase of diamond drilling is being scheduled for November-December.”
Historias de asesinatos y secuestros son las que se escuchan en Guerrero, donde también empresas buscan desarrollar minas en busca del oro de la región.
Toronto-based Torex Gold Resources Inc. opened its first mine earlier this year, representing a rare victory in Mexicos efforts to fuel economic growth in a state ravaged by drug gangs fighting over the opium crops that feed U.S. heroin habits. Two other Canadian miners, Timmins Gold Corp. and Minaurum Gold Inc., have plans to explore and develop their own sites. In a region with very little going for it, local officials and workers hope the trio of investments could be the start of something bigger.
Telson Resources Inc. announces that metal recovery testing operations has commenced on the companies recently collected 2,000 tonne industrial scale bulk sample at the Andes Mill processing facility located near Guanacevi, Durango State, Mexico.
Akiba Leisman, Chairman and Interim CEO of Marlin states, consistently mining high grade material at La Trinidad is transforming the Company. We went through another tough rainy season, which slowed production, but we couldnt be more pleased with how the mine is performing now. To put this in perspective, October is a record month for placing gold onto the leach pad a record we broke just 12 days into the month.
“With well over a year of allocating Company resources to extend decline ramps to the Arista Mine’s Switchback vein system, we are pleased and excited to now be developing the Switchback veins,” stated Mr. Jason Reid, CEO and President of Gold Resource Corporation. “Using cash flow from operations, we have gained access to this exciting new area of the mine and can begin to see the much awaited return on our invested capital. I am optimistic the Arista Mine’s Switchback vein system could one day be as large as, or perhaps larger than, the Arista Mine’s Arista vein system, and that we may in the future find additional parallel vein systems like Arista and Switchback. It will require time and additional capital to fully determine the size of Switchback, but now cash flow from Switchback production can be leveraged in our endeavor to continue to expand this large epithermal system.”
Glenn Jessome, President and CEO of Oceanus, commented “These drill results further exhibit wide oxidized zones of precious metals mineralization that outcrop at surface, supporting our hypothesis that El Tigre could be another significant bulk tonnage project in the Sierra Madre Occidental in Mexico.”
Mammoth Resources Corp. is pleased to announce that it has commenced exploration activities at its Tenoriba precious metal project in the prolific Sierra Madre region of Chihuahua State, Mexico. The Company had previously announced as a partial use of proceeds from its recent $200,000 capital raise, that it intended to perform a systematic PIMA, X-ray diffraction ground survey. The program is now underway and company geologists are collecting samples every 100 metres along lines oriented approximately north-south, spaced 500 metres apart which will be analyzed for the presence of various alteration clay minerals typically found in association with a High Sulphidation precious metal system as is believed to exist at Tenoriba.
While Rare Earth has been splashing out converting options over shares in European Metals, it has received half a mill as a result of conversion of its loan stock into shares
Santana Minerals Limited is pleased to announce commencement of a 22 hole 2,800m (approx.) reverse circulation Drill program at the Cuitaboca Project in Sinaloa, Mexico.
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.
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.
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