One of the primary factors in our decision to acquire La Fortuna is its advanced stage of development, said Chris Frostad, Minera Alamos CEO. The scope of previous test work that is available gives us a significant head start on the development timeline. We expect to be able to complete a Preliminary Economic Assessment of La Fortuna by this summer.
Azures Managing Director, Tony Rovira, stated: Our ongoing exploration activities throughout the Alacrán property continue to generate positive results for additional silver and gold prospects. In this case, sampling to the north of Mesa de Plata has returned some of the highest silver grades so far encountered at Alacrán. Weve submitted permit applications and were looking forward to drilling this exciting prospect as soon as possible.
Marlin Gold Mining Ltd. is pleased to announce that it has executed a new mining contract that will nearly double the Company’s mining rate at its La Trinidad mine in Sinaloa, Mexico. The new contract has a minimum tonnage guarantee of 1.5 million tonnes per month, which is nearly twice the current mining rate. Fleet mobilization has commenced, and we expect to be mining with this new fleet in early March. This will allow Marlin to begin accessing the high grade HS Zone of its La Trinidad mine in the second quarter of 2016. The Company has 4.2 million tonnes of waste to remove at La Trinidad, at which time the high grade HS Zone will make Marlin one of the lowest cost operations globally.
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 February 5, 2016 of an approximate 440 Oz gold contained in concentrates (exact weights in gold and silver oz. to be determined at final settlement).
Canarc Resource Corp. announces that it has signed a definitive agreement with the Zacatecas state government to lease and operate the permitted 500 tonne per day La Plata ore processing plant in the city of Zacatecas, Mexico, through its wholly owned Mexican subsidiary, Minera Oro Silver.
Gold Resource Corporation today announced new Switchback drill highlights from its El Aguila Project’s Arista Mine including 6.32 meters of 5.87 grams per tonne (g/t) gold, 139 g/t silver, 0.58% copper, 5.00% lead and 8.14% zinc. Gold Resource Corporation is a gold and silver producer with operations in Oaxaca, Mexico and exploration in Nevada, USA. The Company has returned over $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.
Riverside Resources Inc. is pleased to announce that exploration work continues with partner Centerra Gold Inc. at the Companys Tajitos Gold Project in Sonora, Mexico. The initial exploration program funded by Centerra Gold over the past two months included extensive continuous rock chip channel sampling and stream sediment sampling. Drill targets are being defined with further work now underway and up to 4,500 metres in drilling expected to follow.
The mineralization at the North Deposit is very similar in metal content to that of the South Deposit. Mineralization extends surprisingly close to surface and also exhibits the same potential for high grade starter pit mining opportunities as are currently being evaluated for the Companys South Deposit, said Darren Koningen, President, Minera Alamos Inc. The deposit may offer a superior initial route to mining operations at the Los Verdes project, potentially eliminating months of waste pre-stripping along with the associated capital costs.
Orex’s President, Gary Cope says, “This excellent high-grade and thick drilling result is the first hole in the southeastern region of the Sandra Escobar Project. Silver mineralization starts from surface in this hole. While it is still early in the program, silver has been detected in outcrops over a strike length of 700 metres.”
Azures Managing Director, Mr Tony Rovira said, Our exploration is continuing and studies by our geologists and external consultants indicate that the alteration and mineralisation styles at Mesa de Plata and in nearby areas are typical of other lithocap-hosted, epithermal gold and silver deposits in Mexico and elsewhere in Latin America. This supports the Companys belief that a large mineralising system is present here with potential to host significant precious metal deposits.
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