Category: Exploration and Development

Edward Stringer, CEO of Colibri is quoted as saying, “We are most encouraged by the presence of widespread gold encountered by Agnico Eagle in the recent drilling at our Pitaya joint venture project.  We look forward to receiving additional drill results as they arrive.”

Ramon Perez, CEO of Candelaria, stated: “This strategic investment by Agnico, one of the world’s top gold producers, is a strong endorsement of the quality and potential of Candelaria’s Caballo Blanco gold project. We are excited to have this investment to allow us to initiate on our strategic objectives, principally intended to expand and upgrade the Caballo Blanco resource.”

Riverside’s President and CEO, John-Mark Staude, stated: “We are pleased with the consistency and exploration values exceeding previous sampling in these areas on the Cecilia Project. The high-grade gold and silver assays at the North Breccia and Central zones of Cerra Magallanes validates our precious metal flow-dome model and brings us a step closer to a potential discovery. We are in the field continuing exploration at Cecilia and anticipate additional results in the near future as we strive to develop a mineral discovery for our shareholders.”

Bradford Cooke, Endeavour CEO and Director, stated: “We are very happy to add these new properties to our exploration portfolio in Zacatecas. The two transactions confirm there are good opportunities to consolidate a larger mineral land position in Zacatecas, one of the largest historic silver mining districts in Mexico. Drilling is now underway at the Calicanto properties and we expect to permit and drill the Veta Grande properties later this year.”

IMPACT Silver Corp. announces that it has sold its Zacatecas assets to Endeavour Silver Corp. for 154,321 common shares of Endeavour with a deemed value of US$500,000. The Zacatecas assets consist of 10 mineral concessions covering 152 hectares, 14 hectares of surface rights, the old inactive Santa Gabriela 200 tonne per day processing plant and tailings facilities. IMPACT has carried out only minimal work in Zacatecas since 2009 and management took this opportunity to monetize these non-active assets and allow management to better focus its time on its silver production assets at the Royal Mines of Zacualpan and new ventures.

Santana Minerals Limited is pleased to advise that after the completion of necessary earthworks a new program of reverse circulation drilling has now commenced at the Company’s flagship Cuitaboca Project in Sinaloa, Mexico.

Minera Apolo, incorporated in Mexico, holds several mining properties consisting of 65 claims over approximately 20,475 hectares in the states of Zacatecas, Durango and San Luis Potosi, Mexico. The properties consist of the Pinos district, Lucifer, KM66, Guandalcazar, Cascabel, El Gato and the Tailing Noria.

La empresa canadiense Pan American Silver Corp. informó que mantiene progresos en la expansión de sus minas mexicanas La Colorada y Dolores, lo que le permitirá aumentar su producción de plata.

“These drilling program results confirm the existence of high-grade silver mineralization and demonstrate a significant potential for our operations at the Cusi Mine. We are currently following up on this initial drilling program with an in-fill drill program to move the assay results into a measured mineral resource category which will be included in an updated mineral resource estimate for the Cusi mine expected to be released early in the fourth quarter” stated Alonso Lujan, Vice President Exploration at Sierra Metals. “Intercepts such as those returned in Holes 6, 14, 15 and 28 are characteristic of high grade epithermal deposits. Additionally, there is further potential to expand the exploration success at depth and along strike at the Santa Rosa de Lima zone as well as with other zones including the San Rafael Vein, San Nicolas Vein and the Bordo Fault. We look forward to further potential discoveries as we continue to explore the Cusi Mine district.”

“To say I’m excited about this assay would be an understatement. This result confirms what we had already stated- the Julio vein is rich in gold! The results from this vein will fluctuate but it’s important to keep in mind that we will also be digging in high grade zones as we work the shear wall. Getting Cesar involved is a real game changer for all as he knows this property extremely well. I would also like to add that our investors need to focus on our press releases for a source of information. Anything else is speculation or has been extrapolated from conversations I may have had.” added CEO Paul Thompson.