Category: Exploration and Development

Golden Minerals’ President and Chief Executive Officer, Warren Rehn, commented, ‘We are very pleased to announce this transaction, as its consummation will enable Golden Minerals to focus on moving our other existing projects forward, including the newly-acquired Sand Canyon gold-silver project in Nevada, the Yoquivo silver-gold project in Chihuahua State, Mexico, and the El Quevar silver project in Argentina.’

Peter Taylor CEO of Alien commented: ‘The presence of gold at Donovan 2 comes as no surprise given the Minera Frisco El Coronel gold mine is within ten kilometres of the project. With further exploration planned at Los Campos where the project adjoins Endeavour Silver’s El Compas gold mine and at San Celso, the subject of the company’s original AIM listing, Alien is delivering on its strategy of putting money into the ground and increasing confidence in the assets to potential joint venture partners.’

Por mayoría, diputados locales recomendaron a las 18 empresas mineras instaladas en la entidad que cambien sus domicilios fiscales a Zacatecas y destinen un porcentaje de sus cargos directivos a trabajadores y pobladores de la región donde operan.

Millrock President & CEO Gregory Beischer commented: ‘We are pleased to have sold these projects to Riverside. We are bringing greater focus back to Alaska, and Riverside should be able to make good use of the database we have transferred to them. Ultimately we feel confident that Riverside will be able to find funding partners for the projects. If exploration on those projects is successful, Millrock shareholders will benefit from the portfolio of retained royalty interests.’

Galore Resources Inc. is pleased to report that its 2,500- meter diamond core drilling program at Galore’s 100% owned El Alamo target and part of the larger Dos Santos project continues to progress well. Drill hole EA-001 was completed to a depth of 251m and EA-002 is underway. Senior geologists onsite are enthusiastic about what the drilling has encountered in the way of alteration and rock types. Logging of EA-001 has been completed and the core is currently being sawed and sampled for delivery to ALS Geochemistry laboratory in Zacatecas.

Carlos Silva, Chief Operating Officer of Santacruz, commented, ‘We are pleased with the progress of Phase 1 of the diamond drilling campaign. These drill results, in addition to those previously announced, confirm the continuation of the targeted mineralized veins along strike and at depth.’ Mr. Silva continued, ‘We have just started to realize the potential of this Zacatecas historical mining district where we control over 9,000 hectares covering a significant number of known veins and mineralized areas. Our plan is to build in Zacatecas a solid silver producing asset.’

Riverside’s President and CEO, John-Mark Staude, stated: ‘Riverside has followed some of these Projects for many years now. Acquiring these Projects in one cost-effective transaction is a very nice step for the Company to further expand on years of data compilation and previous work with additional exploration and joint-venture opportunities moving.’

Ridgestone Mining Inc. is pleased to announce that it has entered into an agreement to purchase a 100% interest in 10 mining concessions adjacent to its Rebeico gold – copper project, Sonora, Mexico.