Category: Exploration and Development

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.

Westminster Resources is continuing exploration at its 100% owned El Cobre property in Sonora, Mexico. The current program is concentrated on evaluation of epithermal precious metal potential in the Guayacan northwest region of the 17,854 hectare property. The Guayacan epithermal targets are associated with major linear and circular magnetic geophysical anomalies and structures coincident with intense alteration and silicification of host rock units. Most of the mineralized zones are exposed as wide spread float boulders within areas of anomalous soil geochemistry. Mechanical trenching utilizing bulldozer or backhoe equipment in conjunction with prospecting is considered the best exploration practice to locate and sample the source structures.

Anis Nehme states, “The Municipality of Parral, with a population of 120,000 citizens, wished to recognize the Company’s valuable support for the social and economic development of Parral. This was the first time in the 400 year history of Parral that they have awarded this honor. We were presented with a plaque that reads: The actual handing over of these keys evokes, in our collective imagination, the act of opening the gates of a city rich in history, which is being transformed to make way for a future that awaits the adventurous. I was honoured to receive the Key of Parral on behalf of our team.”

Orex’s President, Gary Cope says, “Drilling at Sandra Escobar continues to yield thick intercepts of disseminated silver mineralization. Discussions with consulting firms have started for metallurgical testing and resource estimation studies.”

Azure’s Managing Director, Tony Rovira, commented: “I’m very pleased to present this first Mineral Resource for the Mesa de Plata silver deposit. In particular, the High Grade Zone presents an attractive near-term development option, and we’re currently investigating this possibility. Additionally, I’m very confident that our recent exploration successes at the nearby Loma Bonita prospect, which has both gold and silver mineralisation, will significantly enhance the overall project.”

The resource estimate provides initial grade and tonnage estimates for three mineral deposits on the property at the Blind, El Sol and Santo Nino zones which have been the focus of much of Southern’s exploration activities on the property since 2011, but does not include mineralization from the newly discovered Mina La Bocona zone. Further drilling on the Mina La Bocona target is planned for the 2016 exploration program in order to properly delineate this target.

Integrantes de la Coordinadora de Pueblos del Valle Central tomaron de manera simbólica de la mina de plata de la comunidad zapoteca de San José “El Progreso” para exigir su cierre y demandar justicia por el asesinato de su líder, Bernardo Vásquez.

Torex Gold. A pesar del costo adicional para garantizar la seguridad de sus operaciones, las empresas ven un panorama positivo a partir del potencial en el llamado Cinturón de Oro