Category: Exploration and Development

GREAT PANTHER SILVER LIMITED announces that the General Manager of the Topia Mine, Ing. Javier Ramirez Vargas unexpectedly died earlier today in the town of Topia. The circumstances of Mr. Ramirez’s death are being investigated by authorities at this time. Although Mr. Ramirez’s death did not occur at the Company’s operations, out of respect for Mr. Ramirez and to allow our employees time to recover from his sudden passing, the Company has temporarily suspended mining and processing operations at its Topia Mine in Durango.

N. Eric Fier, CPG, P.Eng, President & CEO remarked, “The initial Las Chispas drill hole results received to date are impressive. Not only do they indicate bonanza grades of up to*** 18.55 gpt Au and 2,460 gpt Ag or 3,851.3 gpt AgEq*, but also show mineralized widths up to 7.2 metres in estimated true thickness. These first results have exceeded our expectations and appear to confirm that historic mining completed in the early 1900’s has left behind substantial unexplored, unmined and easily accessible high grade mineralization. Until now, we have only been guided by what we could access from the estimated 11.5 kilometres of historic underground workings with approximate mined widths of 1 to 3 metres. Our drilling adjacent to historic workings now suggests that 1 to 3 metres may be the minimum widths of the Las Chispas vein. By combining our recent underground sampling and new drill results for the first of several veins to be explored, we have begun to discover the hidden potential of this district-wide play. This news release is the first of a series of releases on Phase I drill results and other activities to be announced over the next several weeks.”

Minera Alamos Inc. today announced that they have engaged Mrs. Claudia Angelica Santos Rodriguez with the firm of Consultoria Ambiental Vugalit, S.C. to perform environmental studies and compile information necessary for the application of permits at the Company’s Los Verdes and La Fortuna projects in Mexico.

MarMar’s expert team of geologist, engineers, accountants and team of lawyers continue to meet and exceed the standards expected when Mexus brought them in as a partner. The work being done at the mine is being reviewed constantly to ensure compliance with all laws and regulations. Added CEO Paul Thompson “Marco Martinez, CEO of MarMar, has been excellent to deal with. He has followed through on everything we’ve asked and been spot on with his recommendations and follow through. I’ve heard our shareholder base loud and clear when they asked for a history of MarMar and Mr. Martinez. You’ll find this write up on our website with a link to the report below. I hope this confirms to our shareholders that we have found an excellent partner who will bring this mine into production in a timely manner and at a low cost.”

YAMANA GOLD INC. iis pleased to announce that it has entered into a definitive Share Purchase Agreement to sell 100% of its interest in the Mercedes mine in Sonora, Mexico to Premier Gold Mines Limited. Pursuant to the Agreement, Yamana will receive consideration in the form of cash and equity securities, the value of which was $140 million at the time of negotiations.

Pete Dougherty, President & CEO stated: “We are pleased with the outcome of the ruling, which confirms our belief that the local zoning plan should not have impeded the permitting of the San Antonio project. This ruling does not mean that our permits are granted but does provide the basis of understanding for all involved in the permitting process. We will continue to engage and work closely with all stakeholders to advance the San Antonio project. We believe that San Antonio provides an opportunity for a model mine with the use of clean technologies that also provides near and long-term benefits to the region.”

Riverside’s President and CEO, John-Mark Staude, stated: “We are pleased to have Centerra as a partner and we look forward to continuing our joint exploration efforts to make a discovery in the Sonora Mega-shear Gold Belt. Riverside’s prospect generation has taken advantage of the downturn in the market to acquire and develop excellent new gold, silver and copper targets and we look to the near future to push these ahead with additional joint venture option agreements.”

States Kootenay President and CEO James McDonald “We are very pleased to proceed with our drill program on La Cigarra and the highly prospective nearby RAM target. This is a key drill campaign that will aid us in our goal of expanding known resources with focus on understanding and expanding high-grade silver zones extending from within the La Cigarra resource prior to proceeding with a Preliminary Economic Assessment on the project. We are also very excited to conduct a maiden drill program on the nearby RAM target that is a large, structurally controlled 3.8 kilometre anomalous silver trend that offers significant potential to further add to our current silver resources.”

La madrugada de hoy miércoles, un grupo de hombres armados irrumpió en una mina de oro ubicada en el municipio de Sahuaripa, Sonora, en donde se llevaron oro, pero la cantidad del metal hurtado no fue especificada.

Canadian mining company Agnico Eagle said on Wednesday that a group of armed men stormed one of its mines in northern Mexico early on Tuesday morning, injuring a security guard and making off with a haul of silver and gold.