Author: Josue Gomez

Serengeti Completes Drill Program and Reports Results from Cuates Property, Mexico; Plans Drill Program at Kwanika

Serengeti Resources Inc. reports the completion of a reverse circulation drill program on three properties in Chihuahua, Mexico, and reports the results from two of these. Results were previously reported from the third property, Victoria, where drilling encountered gold-silver with associated zinc +/- lead mineralization hosted in silicified sediments within a 500 metre long zone open laterally and at depth.

Riverside Resources to Receive Additional Funding to Extend Strategic Alliance and Drill IOCG Targets in Jalisco, Mexico

Riverside Resources Inc. is pleased to announce that Cliffs Natural Resources Exploration Inc., a wholly-owned subsidiary of Cliffs Natural Resources Inc., has extended the generative phase of the Cliffs-Riverside IOCG Exploration Alliance for an additional year, with a further funding commitment of $750,000. Cliffs has also agreed to fund an additional $330,000 (approximate) for drilling the previously acquired Huerta target in Jalisco, Mexico.

Kimber Appoints New VP, Exploration and VP, Project Development

Kimber Resources Inc. today announced two new appointments to its management team: David (Dave) Hembree as Vice President, Exploration and James (Jim) McKay as Vice President, Project Development for the Monterde Project, as well as the resignation of Mr. Currie as COO.

Fresnillo CEO Eyes Mining Cost Inflation of 7%-8% In 2012

Mexican precious metals producer Fresnillo PLC (FRES.LN) expects mining cost inflation at 7%-8% this year due to higher costs for imported goods such as explosives and higher local costs such as labor and diesel, the company’s chief executive said Tuesday.

All News