Category: Exploration and Development

Riverside Resources Inc. is pleased with recent exploration work at the Company’s Glor Gold Project, located approximately 8 km west of Alamos Gold’s El Chanate Gold Mine in Sonora, Mexico. Riverside’s recent work included geologic mapping, 44-line kilometers of ground magnetics and rock geochemical sampling. Five drill-ready target zones have been identified. The targets include Alamo, Alamo South, Joya, Pitaya, San Pedro, and Poblado. The targets have key characteristics similar to other major known gold mines in the region and being adjacent to the active operations at Chanate with similar geologic stratigraphy and structure makes Glor a priority district that warrants additional work.

Torex Gold Resources Inc. is pleased to announce that it has filed a technical report prepared in accordance with National Instrument 43-101 in support of the Company’s news releases issued on July 21, 2015, entitled “Torex announces Updated Mine Plan for its Fully Funded El Limón-Guajes Gold Mine” and “Torex Announces a Positive ‘PEA” for its Media Luna Project including a New Inferred Resources Estimate of 7.4 million Gold Equivalent Ounces”.

Cyprium Mining Corporation is pleased to announce additional results from its initial phase of exploration at the Potosi silver mine located in Santa Eulalia, Mexico. On July 28, 2015, the Company announced the signing of letter of intent to acquire a 53% controlling interest in a joint venture to be formed which will have the rights to explore and exploit the historic Potosi silver mine.

The Company’s Executive Chairman, David Lenigas, commented: “The positive drilling results received to date coupled with the supply agreement with Tesla announced recently has fueled the drive to accelerate the drilling programme and the mobilisation of a second drill to the Sonora Lithium Project. We look forward to providing further updates from the ongoing drilling programme and other project development activites.”

BACANORA MINERALS LTD. the London and Canadian listed lithium and borates company focused on Mexico, is pleased to announce that it has mobilized a second drilling rig to site and also provides an update on the drilling program currently being undertaken as part of the pre-feasibility study at its Sonora Lithium Project in Mexico.

El grupo Fresnillo PLC invirtió el año pasado cerca de 20 millones de pesos en acciones a favor de la comunidad, pese a la situación limitante por los precios de los metales, se espera que este año se tenga una inversión similar.

Bruce Winfield, President & CEO of Defiance stated, “We are very pleased that the results continue to include wide widths of strong silver mineralization on the main San Acacio vein up to 190m below the current resource limit. The discovery of new veins is exciting with four of the eight holes drilled to date intersecting multiple veins with potential to increase the resource as well. We also have identified a later Phase II mineralization that is enriched in gold-zinc-lead relative to the historical production at the San Acacio Mine. These exciting results encourage us to continue drilling to expand the zone of mineralization both along strike and down dip.”

Based upon information obtained to date (20 drill holes cored and assayed), USPR has identified 1 new area of mineralization and expanded 3 areas of known mineralization. The new area is approximately 100 meters east of the “Main Zone,” and called the “East Zone.” Definitional drilling also extended known mineralization in the “Main Zone,” “West Zone,” and the “Northwest Zone.”

Minera Alamos Inc. outlined today its near-term objectives for the development of its Los Verdes copper-molybdenum project in Sonora, Mexico. As previously reported, the Company is in the process of moving towards a production decision, targeting project construction to commence in 2016. Minera Alamos intends to issue an updated Preliminary Economic Assessment prior to the end of the year.

Endeavour Silver Corp. announces that drilling on the Bolanitos property in Guanajuato State, Mexico has intersected high grade, gold-silver mineralization within three historic veins, San Ignacio-San Miguel, La Joya and Gabriela. Gabriela mineralization is adjacent to historic mine workings that are readily accessible for development.