Sampling and mapping at the El Chunibas target resulted in identification of new high grade veins, presence of mineralization in the wall rock and expansion of the veins along their strike. Rock sampling of the newly discovered Corral target confirmed the presence of gold mineralization.
The large furnace at the Madero smelter in Coahuila, Mexico is being fired in to cure the refractory. This will be followed by the fuming of up to 10 metric tons per day of high-grade concentrate from Australia and will take the place of 20 small furnaces. The SRFs will then recommence processing a large inventory of the USAC’s Mexican mine concentrates.
Gold Resource Corporation today announced new Switchback drill highlights from its El Aguila Project including 15.22 meters of 3.18 grams per tonne (g/t) gold and 292 g/t silver. Gold Resource Corporation is a gold and silver producer with operations in Oaxaca, Mexico and exploration in Nevada, USA. The Company has returned over $105 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.
Mexus Gold US president Paul Thompson recently returned from Caborca, Sonora State, Mexico where he met with Julio Baltazar, Vice President of Mexus Gold Mining SA de CV. Mr. Thompson and Mr. Baltazar discussed the Santa Elena/Julio project and reviewed the equipment currently sitting idle on the property. Both are extremely happy with the progress at the Julio/Santa Elena property. A general valuation was made and the equipment was determined to be worth approximately $500,000. The recent agreement with Argonaut Gold has eliminated the need for the production equipment used in mining and thus it was decided that liquidation would be the best option. Equipment needed for exploration will be retained. The much needed cash infusion will be used to further Mexus’ other projects and properties.
Torex Gold Resources Inc. is pleased to announce that the resettlement of all 102 families of the village of La Fundicion has been completed at its 100% owned Morelos Gold Property in Mexico. The Company also announced that a draw of $25 million on its debt facility was received at the end of August and provided a construction update.
Con la finalidad de mantener actualizado al personal que labora en las diversas minas de la región, el Cluster Minero de Zacatecas (Clusmin) llevó a cabo el seminario Tecnologías en Molienda Ultra Fina y Concentración de Minerales.
Endeavour Silver Corp. announces that drilling at the Guanaceví Mine in Durango State, Mexico has extended high grade, gold-silver mineralization within three zones in the Santa Cruz vein. The Shallow Porvenir, Deep Porvenir and Santa Cruz mineralized zones are each adjacent to historic mine workings, readily accessible for future mine development.
De 2004 a 2011 las áreas controladas por extractoras pasaron de 6.01% a 18.49%
Hay 23 proyectos de explotación con capital extranjero en el estado y un total de mil 109 títulos de concesión
J. David Lowell, Chairman and CEO, stated Given the state of the market we are reducing our exploration activity and will focus our efforts on our Warintza project in Ecuador where conditions are improving. As part of the initial option agreement transaction we became a shareholder of Minaurum and will benefit from any future success at Santa Marta from these holdings.
Maiden drilling program comprising 14 holes for 2,073m completed
Precious metals (silver-gold) targets were tested at Mesa de Plata, San Simon, Puerto del Oro and Palo Seco
Copper target tested at La Morita
Samples have been submitted to the laboratory and assays are awaited
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