Category: Exploration and Development

Azure’s Managing Director, Tony Rovira, welcomed these results, stating, “Palo Seco was the first area that we tested when we started exploring Alacrán due to the presence of several historical mine workings. We’ve returned because of the potential size of the mineralised system and its obvious prospectivity for hosting significant precious and base metal mineralisation. The latest sampling results are very positive and I’m hopeful that future drilling may add Palo Seco to our list of mineral discoveries, joining the Mesa de Plata silver deposit and the gold-silver mineralisation at Loma Bonita.”

Jim Williams, Chief Executive Officer of Arian Silver, commented: “We have now initiated our metallurgical sampling programme on the Tailings at Noche Buena; bulk samples are currently being arranged for transportation to Denver and preliminary results are expected within the next few weeks. These results will enable us to undertake increasingly precise metallurgical tests to optimise the process flow required for the commercially viable production of gold and silver concentrate.

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 May 12, 2016, of an approximate 850 Oz gold contained in concentrates (exact weights in gold and silver oz. to be determined at final settlement).

“The sale of the Caballo Blanco project for a total consideration of US$17.5 million is a significant event for Timmins Gold,” stated Mark Backens, Interim CEO. “The cash proceeds from this sale will strengthen our balance sheet which will enable settlement of our secured debt.”

“This is the best drill hole in our history at the mine”, said Robert Eadie, President and CEO of Starcore.

Orex Minerals Inc. is pleased to announce that the consulting firm Mining Plus has been awarded a contract to conduct the first Resource Estimate on the Sandra Escobar Project in Durango, Mexico. The Sandra Escobar Project is being advanced by Orex under an option agreement with Canasil Resources Inc.

Azure’s Managing Director, Tony Rovira described the high grade nature of the gold intersections as highly encouraging for the Alacrán Project. “This is very exciting, particularly as the gold grades and thicknesses appear to be increasing towards the south,” he said. “As with previously announced gold intercepts at Loma Bonita, this mineralisation is situated near surface within oxidised rocks, which is very promising for future mining and processing operations. I now consider Loma Bonita to be a gold project with excellent silver credits. The high gold grades and significant widths of these intercepts augur well for the possible delineation of a significant gold deposit and are positive for the future development of the Alacrán project.”

Gold Resource Corporation today announced additional Switchback drill results from its Aguila Project’s Arista Mine. Gold Resource Corporation is a gold and silver producer with operations in Oaxaca, Mexico and exploration in Nevada, USA. The Company has returned $108 million to shareholders in monthly dividends since commercial production commenced July 1, 2010, and offers shareholders the option to convert their cash dividends into physical gold and silver and take delivery.

Ralph Shearing, President stated “we are very pleased that the Company’s ongoing community and social efforts have been very successful in establishing respectful and mutually beneficial relationships between the Company and the Comunidad, at our Tahuehueto Project. This amicable relationship has allowed for a successful long-term renewal of the surface rights agreement.

Actualmente Minera Fresnillo y Minera Saucito I y II, tienen 25 años de actividad minera; actualmente desarrollan el proyecto Juanicipio de gran expectativa y se espera inicie operaciones el próximo año, tras una inversión de 300 millones de dólares.