Category: Exploration and Development

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 Gracia Property in northern Sinaloa, México, is reporting the delivery for sale on November 18, 2015 of an approximate 311 Oz gold contained in concentrates (exact weights in gold and silver oz. to be determined at final settlement).

Mexus Gold US president Paul Thompson recently returned from Mexico and is happy with his findings at the Santa Elena/Julio site. Mexus has an option/JV agreement with, Argonaut Gold on the project and Argonaut has informed Mexus that on November 16th, they completed their Phase I work program on the Julio project and have fulfilled the initial 6 month work obligation as defined in the Company’s Joint Venture Agreement. During the program, 16 RC drill holes were completed for a total of 1990 meters. Drilling was focused on three main target areas referred to as Los Mantos, Los Cruses, and The Central Zone. All samples have been sent to ALS Chemex for analysis with assays pending. Drill results will be disseminated when they are available.

Riverside Resources Inc. is pleased to announce that exploration work has commenced with partner Centerra Gold Inc. at the Company’s Tajitos Gold Project in Sonora, Mexico. This first phase of work is already expanding the target size and documenting high quality future drill targets. The initial $300,000 USD exploration program funded by Centerra Gold includes extensive continuous channel rock chip trenching and stream sediment sampling to test the surface expression of grade and continuity of the gold target, which is interpreted to be at shallow depths based upon previous mapping and exploration work completed by Riverside.

Millrock Resources Inc. announces that it has entered into an agreement under which it has purchased the Batamote copper project from Minera Teck S.A. de C.V., ultimately a subsidiary of Teck Resources Limited. The property is located approximately 100km northeast of the city of Hermosillo. It is situated between the La Caridad and the Cananea porphyry copper – molybdenum mines, both of which are owned by Grupo Mexico. The property, which is in close proximity to Millrock’s Rio Sonora and Los Cuarentas copper projects, is comprised of three mining concessions that cover a surface area of 5,796 hectares.

“Se está acabando el gigantismo de la minería, la biotecnología podría ser el futuro y con la biolixiviación estamos hablando de optimizar procesos naturales, con menor impacto ambiental y mayor eficiencia”, comentó a la AFP Pilar Parada, gerente general de Biosigma.

Orex Minerals Inc. has awarded an initial 2,000 metres diamond drilling contract to Kluane Mexico S.A. de C.V., a subsidiary of Kluane Drilling Ltd. for the Sandra Escobar Silver Project in northern Durango State, Mexico. Sandra Escobar Project is being advanced by Orex under an option agreement with Canasil Resources Inc, as announced on September 15, 2015.

Millrock President & CEO Gregory Beischer commented: “Using the geological database we gained through the purchase of Paget Southern Resources in 2014, and through the knowledge, experience and effort of our Mexico exploration team, Millrock has been able to generate another excellent suite of mineral claims at very low cost. We plan to move these early-stage projects along through our development pipeline and secure funding partners when potential is clearly demonstrated”.

This 40 page report describes the history of our Michoacan, Mexico property as well as geology and geologic history of its mineralization. It discusses in detail the resource estimate based upon the 2015 drilling campaign which primarily focused on the “Main Zone” and areas surrounding the “Main Zone.” It also incorporates the previous drilling campaigns of 2008 and 2010 (a total of 11,300 meters of core was drilled in these three campaigns) along with other historical data. The Report further summarizes ten mineralized zones recognized in the 2200 meter (1.367 mile) strike length.

BACANORA MINERALS LTD., the Canadian and London listed lithium and borates company, is pleased to report an updated Mineral Resource estimate for the Sonora Lithium Project in Mexico, which has seen its Indicated Minerals Resources increase by over 300% to 5 million tonnes of lithium carbonate equivalent. In addition, the Project’s Inferred Mineral Resource has been estimated as a total of 3.9 Mt of LCE contained within the deposit.

Rare Earth Minerals Plc has today reported an updated Mineral Resource estimate for the Sonora Lithium Project in northern Mexico, which has seen its Indicated Mineral Resources increase by over 300% from 1.1 million tonnes to 5 million tonnes of lithium carbonate equivalent. In addition, the Project’s Inferred Mineral Resource has been estimated as a total of 3.9 Mt of LCE, increasing the overall Indicated and inferred resources from 7.4 Mt LCE to 8.8 Mt LCE.