Category: Exploration and Development

Orex’s President, Gary Cope says, “A first Resource Estimate is a major step in an exploration project. We have achieved this benchmark in less than a year from the start of diamond drilling and we believe that this initial resource is the first of many to come.”

Torex Gold Resources Inc. regretfully announces that an accident occurred at its Guajes pit on the afternoon of October 28th in which Mr. Jose Manuel Martinez Martinez, an employee of Equipos y Maquinarias del Sureste S.A de C.V, was seriously injured by falling rock. The mine’s emergency response team transported Mr. Martinez to the hospital in Iguala where, despite the best efforts by the hospital medical staff, he passed away during surgery.

Mexus Gold US President Paul Thompson stated today that the startup of production at the Santa Elena mine will not occur in October as previously stated. This change in timeline is due to unforeseen issues with the import of certain materials as well as the already documented weather issues. CEO Thompson added, “The move of our production start date should not alarm investors. We expect to issue a release on production soon. I ask for your patience as we complete the initial steps in what will be a long term and profitable mine for the company.”

Riverside Resources Inc. is pleased to provide an exploration update for ongoing work at the Thor Project in Sonora, Mexico. The Thor Project comprises two mineral concessions that together cover 11,275 hectares, which were previously staked as part of the Company’s past exploration alliance with a wholly owned subsidiary of Antofagasta plc. The Alliance was formed for the purpose of identifying and exploring copper porphyry targets in Northern Mexico.

Greg Crowe, President and CEO, comments: “Both La Frazada and Penasco Quemado are past-producing silver rich mines that have never been tested for their full mining potential. These initial surface and near-surface proposed exploration programs will aid us in garnering a better understanding of the controls on and distribution of silver mineralization. This will allow us to better delineate drill targets designed to evaluate the potential of these silver rich systems”.

GoGold Resources Inc. is pleased to announce that it has started the construction of the first phase of the vat leach plant at its Santa Gertrudis Gold Project located in Sonora State, Mexico as part of a feasibility study. The civils contractor was mobilized in early October and the initial earthworks for the main plant area, where the vat tank structure will be placed, are being prepared.

Southern Silver Exploration Corp. reported today that funding has been approved by Electrum Global Holdings L. P., as Optionee, and final preparations are underway for a US$2.0 million, 2016-17 exploration program on the Cerro Las Minitas Project, Durango, Mexico.

Kootenay President and CEO James McDonald states: “We are very pleased with Pan American’s work and the results to date from the first 11 holes of the program. The confirmation of multiple high-grade intercepts of silver mineralization at depth is a significant development and further indicates potential for the silver resources to be amenable to both open pit and underground exploitation. We are also very pleased that based on the encouraging results achieved to date, Pan American is extending the program by a full 2,000 meters until the end of the year.”

MX Gold Corp. is pleased to announce a binding agreement with Gracepoint Mining Corp., a subsidiary of Firma Holdings Corp. to acquire a 50% interest in the Magistral, Del Oro tailings project, which is located within the “Golden Triangle” in Santa Maria Del Oro, Durango, Mexico.

Almadex Chairman, J. Duane Poliquin commented, “These results further show the potential of the El Cobre project to host a significant gold-rich porphyry system. The Norte zone is one of four well defined porphyry centres within a very large zone of porphyry related alteration. We look forward to following up this exciting intercept with further results from our ongoing aggressive drill program focused on the goal of defining a new gold-copper resource in Mexico.”