Month: December 2023

Starcore President Pursues New Ventures

Starcore International Mines Ltd. announces that with his term as President of Starcore expiring on December 31st, 2023, Mr. Pierre Alarie will be pursuing new ventures and will be resigning as President and a director of the Company.

Osisko Development Announces Management Updates

Osisko Development Corp. announces today that Luc Lessard, Chief Operating Officer will be retiring from the Company at the end of 2023 to pursue other personal and professional commitments, namely as President and Chief Executive Officer of Falco Resources Ltd.

Ranchero Announces Proposed Disposition of the Santa Daniela Property for a Total Consideration of Up to US$5.05m

Ranchero Gold Corp. is pleased to announce that its wholly-owned subsidiary Minera y Metalurgia Paika, S.A. de C.V. has entered into a letter of intent dated December 22, 2023 with Minas de Oro Nacional, S.A. de C.V., a wholly-owned subsidiary of Alamos Gold Inc. for the proposed sale of Paika’s interest in four mineral licenses comprising an area of 5,390 hectares, which represents approximately 24% of the surface area of the Company’s Santa Daniela mineral property located in Sonora, Mexico, in consideration for the cash payment of US$2,550,000 and a conditional cash payment of US$2,500,000.

Silver Viper Closes First Tranche of Private Placement

Silver Viper Minerals Corp. is pleased to announce that it has closed the first tranche of its $2 million private placement announced on December 18, 2023, issuing 5,324,000 units of the Company at a price of $0.10 per Unit for aggregate gross proceeds of $532,400.

Mining Operations in Mexico

Despite these challenges, Mexico continues to have fundamental competitive advantages that make its mining industry attractive, including its vast mineral reserves, low operating costs, and an open business environment. These are keeping Mexico an attractive investment opportunity for foreign mining.

Torex Gold Reports Successful Breakthrough of Guajes Tunnel Three Months Ahead of Schedule

“Breakthrough of the Guajes Tunnel is a critical milestone in the development of the Media Luna Project, which remains on track for first concentrate production in late 2024. The Guajes Tunnel will be the primary conduit for transporting ore and waste from the Media Luna deposit on the south side of the Balsas River to the processing plant on the north side and will materially improve efficiencies associated with the movement of employees, contractors, equipment, services, and supplies between both locations.”

VVC Settles Future Property Liability by Issuing Warrants

Pursuant to an agreement entered into with Orford Resources Inc. on August 24, 2020, VVC acquired Orford’s share of the Kaity Property in Mexico. VVC is now the sole beneficial owner of the Property which is held in its Mexican subsidiary. The Property is the host of the Gloria Copper Project.

Major Drilling Group International Inc. is one of the world’s largest drilling services companies primarily serving the mining industry. Established in 1980, Major Drilling has over 1,000 years of combined experience and expertise within its management team alone.

All News

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.