Category: Exploration and Development

Darren Koningen, President of Minera Alamos, commented: “this is a transformative announcement for Minera Alamos and marks the beginning of the next phase of our Mexican production and growth strategy. We are pleased to welcome Osisko as a significant shareholder of the Company and a strong partner to pursue near-term gold production at La Fortuna. We look forward to working with Osisko to fast-track La Fortuna toward production and expand our presence in Mexico organically and through additional acquisitions.”

Mexus Gold US. CEO Paul Thompson visited the Santa Elena mine on May 26th. During the visit he was able to witness the much anticipated arrival of the 4230 jaw crusher. As previously announced, this jaw crusher will enable the mine to increase production to 10,000 tons per day when operating at full capacity. It is expected that this increase in production will occur gradually as the machines performance is perfected. “Getting the jaw crusher on site is big deal to our mine operator and our shareholder base. I was thrilled to see the machine up close and getting readied for production,” added CEO Paul Thompson.

Prospero has selected a drill contractor for its planned 6,000m program on three projects. Drilling is scheduled to begin in late June. Prospero will first drill 4 holes at its Matorral project in the Santa Maria del Oro camp. The plan is then to drill 8 holes at its Petate project followed by 8 holes at Pachuca SE- project descriptions below. This drilling program is under the terms of Prospero’s strategic agreement with Fortuna Silver Mines. Drill collar maps for Matorral will be available shortly on Prospero’s website.

Santacruz Silver Mining Ltd. announced today that its wholly-owned subsidiary, Impulsora Minera Santacruz S.A. de C.V., has entered into an agreement with Grupo Mexico pursuant to which the Company has acquired the exclusive right for five years to explore, develop and mine the Membrillo silver-zinc-lead-gold vein structure situated approximately four km from the Company’s Rosario Project mill facility located near Charcas, San Luis Potosi, Mexico. The Exclusive Mining Right covers an area of approximately 500 hectares situated within the San Rafael concession. This brings the total area of the Company’s exploration and exploitation rights to approximately 958 hectares of the 2912 hectares comprising the San Rafael concession.

Torex Gold Resources Inc. regretfully announces that on the afternoon of May 23rd, a fatal accident occurred at the construction site for a sediment control structure associated with the El Limon Sur pit. Mr. Jorge Joel Roman Mendoza, an employee of the construction contractor Construccion de Caminos y Proyectos Interestatales, S.A. de C.V., was fatally injured while trucking rock down to the dam construction site. His loaded truck climbed the berm and then rolled over, coming to rest approximately 20 meters below on the next switchback. The appropriate authorities were immediately notified and have inspected and released the site. An internal investigation is underway to determine the cause of the accident.

Glenn Jessome, President and CEO of Oceanus reports, “The Oceanus drilling has expanded and supports the continuity of the vein and alteration zone between the El Tigre Camp and the south end of Gold Hill, which is a distance of approximately 1,800 meters. The vein and alteration zone remains open along strike to the south, north and at depth. Furthermore, with hole ET-17-133 we have identified a possible new high grade zone at Gold Hill. With holes ET-17-139 and ET-17-140 we have extended the strike length to the south by approximately 500 meters. These drill results further support wide zones of precious metals mineralization that demonstrate potential as a bulk-tonnage target.”

J. Duane Poliquin, Chairman of Almadex commented, “We are carrying out a systematic drill campaign to follow-up these results in the Norte zone. Elsewhere on the project we are conducting mapping and sampling preparatory to drilling other zones. This work already has defined previously unknown mineralization in the Villa Rica zone. We look forward reporting further results in the coming weeks and months as the programs progress.”

FIRST MAJESTIC SILVER CORP. announces that a rogue group of union workers have halted activities and blocked the accesses at the La Encantada Silver Mine in the state of Coahuila, Mexico. The illegal blockade arose after some of the unionized individuals did not agree with the bonus that the company and the National Union of Miners, Metallurgists, Steelworkers and Similar Workers of Mexico (National Union), agreed to offer the miners in lieu of profit sharing.

San Marco Resources Inc. announces it has commenced exploration on the Oregano project, located within the Company’s 73,000 hectare Mariana concession (appl.), approximately 240 kilometres east of Hermosillo, Sonora State, Mexico. San Marco’s CEO, Bob Willis stated; “We are excited to commence this new phase of exploration at Oregano and believe a cost-effective, focused program of work has an excellent chance of encountering higher grade gold mineralization and generating drill targets for further exploration.” The Oregano mineralized system has been traced for three kilometres and appears to be open. This is a District scale exploration opportunity for our shareholders.”

Marlin Gold Mining Ltd. is pleased to report one of the highest grade x thickness intercepts ever drilled at the Company’s wholly owned La Trinidad mine in Sinaloa, Mexico.