Category: Exploration and Development

“We feel great sadness over the loss of one of our colleagues, and we offer our sincere condolences to his family and friends,” stated Robert Archer, President and CEO. “The safety of employees and contractors remains the top priority for the Company and we are continuing with a complete safety review across all of our operations that began earlier in the year.”

The 2016 program on San Timoteo involved using the Company’s Terraspec machine to analyze clay minerals from existing drill core and other samples especially from the area of the 500 level San Martin adit. This will allow the company to build a 3D model of clay mineralogy which will aid in the planning of future drill holes.

“We are deeply saddened over the loss of our colleague, an experienced underground miner at our San Martin Mine,” said Robert Eadie, President & Chief Executive Officer of the Company, who flew to Mexico upon hearing of the fatal accident. “Work-related losses are tragic and felt grievously by Starcore and our communities, and we extend our deepest sympathies to our colleague’s family and friends. The safety of our employees is of utmost importance for Starcore and we will continue to take every measure to eliminate all workplace accidents and ensure the workplace is safe for everyone.”

“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.”