Category: Exploration and Development

Kootenay Silver Inc. is pleased to announce that it has entered into an option agreement through its wholly owned Mexican subsidiary, Minera J.M. with Oro de Altar a wholly owned Mexican subsidiary of AuRico Gold Inc. The option allows ODA to earn up to 100% interest in the San Diego property located in northern Sonora State, Mexico. The project is one of Kootenay’s Generative properties and was acquired by MJM in 2014 under an option agreement, giving MJM the right to acquire an undivided 100% interest.

BACANORA MINERALS LTD., the Canadian and London listed lithium and borates company focussed on Mexico, is pleased to announce that it has updated the Mineral Resource Estimate for its lithium properties, consisting of its 100 percent owned La Ventana lithium concessions, El Sauz and Fleur concessions which are held by Mexilit S.A. de C.V. and the Megalit concession, which is held by Megalit S.A de C.V Mexilit and Megalit are owned 70 percent by Bacanora and 30 percent by Rare Earth Minerals PLC. The MRE was carried out by SRK Consulting Limited, an independent consultant.

Almaden Minerals Ltd. announces that an independent NI 43-101 Technical Report, for its copper-gold El Cobre Project, Mexico, has been completed and filed on SEDAR. Almaden holds a 100% interest in the Project subject to a sliding scale royalty payable to a third party.

On Monday, Canada’s McEwen Mining announced that it is still on track to meet its annual gold production target despite an armed robbery of 6,350 ounces from its El Gallo mine in Mexico on April 7. The thieves, which the firm’s CEO implied had inside help, stole concentrate containing an estimated $8.5 million in gold.

”Prevaricación, cohecho, tráfico de influencias y negociación ilegal”. Ese el cóctel de presuntas ilegalidades que la magistrada de instrucción (jueza) Patricia Fernández investiga en la adjudicación de la explotación de la mina de Aznalcóllar en Sevilla, España. La concesión ha quedado paralizada por la juez de Instrucción número 3 de Sevilla ante la denuncia interpuesta por Emerita Resources, la otra empresa que optaba a la adjudicación.

Pan American Silver Corp. today announced that its Board of Directors has approved the investment of $112.4 million required to expand its Dolores mine in Chihuahua, Mexico, by adding a milling and pulp agglomeration circuit to improve silver and gold recoveries, as well as by developing an underground mine to extract mineral resources that exist beneath and to the south of the ultimate open pit.

Sampling of underground mine workings confirms extensive zones of copper and gold/silver mineralisation, including:105m @ 0.30% Cu and 45m @ 0.79% Cu from La Morita, and
42.5m @ 1.07g/t AuEq and 18.85m @ 1.25g/t AuEq from San Simon

Defiance Silver Corp., an emerging silver explorer currently advancing the past producing San Acacio mine in Zacatecas, Mexico, is pleased to announce that it has raised $1,007,510 through the issuance of 10,075,100 units at $0.10…

SilverCrest Mines Inc. is pleased to announce initial results of its accelerated underground exploration of the El Cholugo Zone located immediately adjacent to the Main Mineralized Zone currently in production at the Santa Elena Mine, Sonora, Mexico. SilverCrest’s recently released technical report titled, “Update to Santa Elena Pre-Feasibility Study, Sonora, Mexico”, contemplated the exploration and development of El Cholugo in 2016. However, the high gold and silver grades over significant widths and lateral dimensions encountered underground has led the Company to accelerate exploration and development of the Zone with the view to its inclusion in this year’s (2015) mine plan.

Source Exploration Corp. is pleased to announce that initial step-out drilling at its Las Minas gold project has linked the flat dipping Eldorado/Juan Bran zone with earlier drilling completed in 2011 further south. The mineralized zone now extends approximately 650 metres down-dip.