Category: Exploration and Development

Orex’s President, Gary Cope says, “Drilling continues to yield thick intercepts of disseminated silver mineralization showing strong continuity in the Main Zone of the Boleras Deposit.”

Azure’s Managing Director, Tony Rovira said: “These latest drilling results are very positive and supportive of our belief that Loma Bonita could become a substantial gold deposit, particularly as the grades and thicknesses of the gold zone appear to increase significantly to the south. “Together with the ongoing development studies at Mesa de Plata, Loma Bonita is a very high priority for Azure and we’ll continue to keep the drills turning there. Meanwhile, our grass roots exploration program is continuing with a diamond rig now drilling further to the south of Loma Bonita at Cerro San Simon and Cerro Enmedio testing substantial geochemical and geophysical anomalies.”

Mexican regulators said they are examining whether mining company Goldcorp Inc broke any regulations in its handling of a long-running leak of contaminated water at Mexico’s biggest gold mine.

Jose Antonio Berlanga, Telson’s CEO stated “We are extremely excited to initiate the collection and processing of this 2,000 tonne industrial test in order to support the assumptions being made in the Pre-Feasibility Study currently being prepared for an early October delivery to our shareholders and to better estimate the long term economics of the project.”

“We are very pleased to have been able to conclude this agreement with the members of the community. Our success in continuing to acquire agreements for surface access rights demonstrates the support we have with the local land owners at San Acacio.” stated Bruce Winfield, President and CEO of Defiance. “With this agreement in place, we can now plan to not only continue our exploration efforts at depth but also to aggressively step out along the strike of the vein.”

Mr. Barry Devlin, Vice President of Exploration, stated, “Results for these three Switchback drill intercepts from the latest round of infill drilling continue to define multiple parallel high-grade polymetallic veins. This drilling was designed to assist mine planning for first direct vein development at Switchback. We expect to resume drilling the extensions of this expanding deposit in the coming months, with a goal of adding additional mineral along strike and depth.”

Timmins Gold President Arturo Bonillas states, “We are very pleased to provide guidance for the continued operations at San Francisco which will generate significant free cash flow and offers the Company continued exposure to the rising gold price environment. Over the course of the past year, we made significant reductions in costs and increased operating efficiencies, which contribute greatly to the estimated profitability of the new life of mine plan. Additionally, the low capital requirements throughout the mine life result in very attractive all-in costs. The Company has employed a $1,250 gold price for Reserves, but the potential for significant upside optionality is noteworthy. Based on a $1,350 gold price pit, the number of Resources increases by almost 70% compared to a $1,250 gold price pit.”

First Mining Finance Corp. is pleased to announce that it has signed an agreement with BRS Ventures Ltd., under which First Mining will sell all the issued and outstanding shares of Minera Terra Plata S.A. de C.V., a subsidiary of First Mining, which owns the Peñasco Quemado, La Frazada and Pluton properties located in Mexico.

Westminster Resources has recently completed prospecting and sampling of epithermal precious metal zones in the Guayacan region of the Company’s 17,854 hectare 100% owned Sonora Mexico property. This road accessible, flat -lying area is partially covered with young volcanic rocks and sand-gravel overburden deposits. The Company’s airborne magnetic-VTEM geophysical survey has guided exploration of partially covered target zones which are associated with major North – South structural linears and circular intrusive centers. Both have widespread alteration-silicification signatures related to Landsat imagery anomalies and magnetic lows.

Cyprium Mining Corporation is pleased to announce the results from additional underground samples taken from an oxidized zinc body on level 14 as part of its ongoing exploration program of the Potosi silver mine located in the historic Santa Eulalia, Mexico.