Category: Exploration and Development

Torex Gold Resources Inc. is pleased to announce that arrangements have been made to lift the illegal blockade of its El Limon-Guajes Mine at 6 PM on Thursday April 14th. Between now and then, operations and contractor personnel will be mobilized to site and the operations will be re-started on night shift of April 14th. During the temporary stoppage a number of maintenance, fine tuning, and commissioning activities were completed. These included the replacement of the SAG mill liners, chute adjustments, piping improvements, filter cloth replacement and the final commissioning of the RopeCon. In addition, resettlement activities at the new village of Real del Limon were completed with all of the families now moved into their new homes.

“Don Diego se planteaba desarrollar en una zona que es de vital importancia para las tortugas caguamas, y para mamíferos marinos como la ballena gris, ambas especies en riesgo. Se sabe que el tipo de draga que pretendían utilizar, en otras partes del mundo succiona literalmente a las tortugas, y a pesar de que se estaban proponiendo adecuaciones a la draga, no se sabe en realidad qué tan efectivas serán estas medidas al ser implementadas”, declaró Alejandro Olivera, un experto en temas de medio ambiente.

Mexus CEO Paul Thompson closed, “We will continue to update our shareholders as pertinent information becomes available. The company is aggressively moving forward with our plan to heap leach and hard rock mine. We are extremely excited and optimistic about this phase of Mexus’ growth and look forward to releasing additional information in the coming weeks.”

“While the denial was obviously a very disappointing outcome, after an extensive review of SEMARNAT’s decision, we are impressed by the thorough process which included over 16,000 pages of submissions from our team with more than 2,700 subsections and responses to more than 90 specific questions posed by SEMARNAT scientists and technicians,” commented Mark Gordon, Odyssey president and chief executive officer. “We are pleased that taking into consideration the large number of potential environmental impacts that were evaluated, the denial was focused only on a single issue, the potential impact of dredging operations on sea turtles, which we believe was based on misinformation.

Fred Stanford, President & CEO of Torex stated: “It is truly unfortunate that a selfish few put their wants above the need of so many that worked so hard to make this project a success. The majority of the community has not supported these families and community representatives have lodged legal complaints against their activities. If the Company were to submit to this sort of extortion then we would be vulnerable to similar threats throughout what we expect could be a very long life operation on the Morelos Property. Rather than establish such a precedent, we prefer to suspend operations until the authorities take the next step in providing a law and order environment in which we can operate. The authorities have been actively involved in resolving the situation and we hope that their efforts are successful soon. It would be a shame if the actions of a selfish few were allowed to destroy the potential for so many to improve the opportunities for themselves and their families.”

Mexus Gold US today announced that Ecomine Environmento has signed on to assist Mexus in bringing its Santa Elena property into production. Ecomine will handle the environmental and mining permits as well as the land management issues. CEO of Ecomine, Rolando Buenos Alduenda added “We bring qualified experts in all areas of mining including acquisition of diverse licenses, project management and environmental management. We are excited to partner with Mexus on this project.”

Tres personas murieron y cinco resultaron lesionadas al caer una avioneta Caravan que prestaba servicio a una compañía minera.

Primero Mining Corp. today confirmed that a plane crash resulting in three fatalities has occurred close to its San Dimas mine in Mexico.

Southern Silver Exploration Corp. continues to advance the Cerro Las Minitas project with the approval of a 2016 Phase I Exploration Budget and receipt of US$750,000 in funding from Electrum Global Holdings L.P., which is financing a broad range of exploration activities to earn a 60% interest in the project. Crew mobilization is underway with work on the property expected to begin in the first week of April.

Integrantes de unas cuatro organizaciones civiles de Chiapas y Tabasco realizaron este miércoles una marcha en Santo Domingo Zanatepec, en la región del Istmo, en apoyo de quienes se oponen al proyecto minero concesionado por la federación a la empresa canadiense Minaurum Gold Inc en esa localidad.