Category: Exploration and Development

“We look forward to Cerro Prieto’s strong contribution to our growth profile over the coming years,” said Keith Piggott, Chairman, President and CEO of Goldgroup “The mine is expected to be a significant contributor for many years to come.”

La Coordinación General de Minería y el Fideicomiso de Fomento Minero (Fifomi) trabajan en coordinación con instituciones financieras de China, para diseñar mecanismos que permitan transferir recursos a empresas mexicanas con necesidad de capital.

DynaResource, Inc. is pleased to announce that Mineras de DynaResource S.A. de C.V., the 100% owned subsidiary of DynaUSA and the exclusive operator of the San Jose de Gràcia Property in northern Sinaloa, México, is reporting the delivery for sale, on June 18 and June 20, 2016, of an approximate 750 Oz. gold contained in concentrates (exact weights in gold and silver Oz. to be determined at final settlement).

“The opportunity to acquire and fully pay for this facility, at a significant discount, marks substantial progress in the development of the La Fortuna project,” said Darren Koningen, President of Minera Alamos. “The Company continues to evaluate metallurgical alternatives that would allow us to increase gold production from the project resource by up to 50% based on what would be expected under the heap leaching models considered by previous owners. We continue to aggressively take advantage of the rare opportunities current markets are providing.”

En ceremonia realizada en la Secretaría del Trabajo y Previsión Social, encabezada por el Alfonso Navarrete Prida, Minera Santa Rita, empresa del Corporativo Alamos Gold, recibió el Distintivo México Sin Trabajo Infantil por la implementación de políticas de responsabilidad social para prevenir y erradicar el trabajo de menores, mismo que fue entregado a Omar Blasco Gerente de Seguridad y Salud de Minera Santa Rita.

The main objective of the new program will be to extend the diamond drilling coverage adjacent to gold-silver intercepts in the Zona Norte (La Bufa and Santo Niño veins), Zona Oeste (Loma Verde vein), Zona Centro (Descubridora vein) and Zona Sur (Durazno, Impulsora and Promontorio veins).

Mr. Alain Lambert, Chairman and CEO of Cyprium stated: “The results announced today are part of an ongoing exploration program to evaluate the potential of different known mineralization in the Potosi mine. The Santo Domingo body where the samples were taken, also known as Main Silicate body, was partly mined in the past and efforts are underway to determine the volume and grades of remaining material. This area is not accessed by the recently rehabilitated Potosi No. 3 shaft that will be used to provide services such as compressed air and for haulage of broken mineralized rock from Tunel body on levels 2-4 (see News Releases of June 9 and 13, 2016) where underground development and exploration will begin shortly.”

States Kootenay President and CEO James McDonald “We are very excited to proceed with a targeted drill program on La Cigarra mineral resource and the nearby RAM target. The objective will be to further enhance the size and grades of our established silver resource estimate on La Cigarra prior to proceeding with a Preliminary Economic Assessment on the project. Concurrently, we will conduct the first drill test on our high priority RAM target that is a large, structurally controlled trend that demonstrates significant potential to further add to our current silver resources.”

Primero Mining Corp. today announced that is has acquired a large concession area adjacent to its San Dimas mine in Durango, Mexico. The Company has added 30,192 hectares substantially covering the area between the San Dimas mine and the Ventanas exploration property located 32 kilometres to the south. The newly acquired concession is not covered by the San Dimas silver purchase agreement, and brings Primero’s total concession area in the district to 68,628 hectares.

“Compared to typical gold heap leach recoveries, these new results represent an approximate 50% increase in potential gold production from the La Fortuna gold resource. In addition, the ability to pre-concentrate the gold prior to leaching allows for further reductions in the scope and capital required for downstream processing equipment,” said Darren Koningen, President of Minera Alamos. “These favorable results allow us to consider alternative processing methods other than heap leaching, possibly increasing the economic potential of the project significantly”.