Category: Exploration and Development

Mexus Gold US today announced that Ecomine Environmento has signed on to assist Mexus in bringing its Santa Elena property into production. Ecomine will handle the environmental and mining permits as well as the land management issues. CEO of Ecomine, Rolando Buenos Alduenda added “We bring qualified experts in all areas of mining including acquisition of diverse licenses, project management and environmental management. We are excited to partner with Mexus on this project.”

Tres personas murieron y cinco resultaron lesionadas al caer una avioneta Caravan que prestaba servicio a una compañía minera.

Primero Mining Corp. today confirmed that a plane crash resulting in three fatalities has occurred close to its San Dimas mine in Mexico.

Southern Silver Exploration Corp. continues to advance the Cerro Las Minitas project with the approval of a 2016 Phase I Exploration Budget and receipt of US$750,000 in funding from Electrum Global Holdings L.P., which is financing a broad range of exploration activities to earn a 60% interest in the project. Crew mobilization is underway with work on the property expected to begin in the first week of April.

Integrantes de unas cuatro organizaciones civiles de Chiapas y Tabasco realizaron este miércoles una marcha en Santo Domingo Zanatepec, en la región del Istmo, en apoyo de quienes se oponen al proyecto minero concesionado por la federación a la empresa canadiense Minaurum Gold Inc en esa localidad.

Timmins Gold Corp. is pleased to announce an updated National Instrument 43-101 Technical Report for its San Francisco Gold Mine in the state of Sonora, Mexico, prepared by Micon International Limited. The San Francisco Gold Mine is comprised of the San Francisco deposit and the La Chicharra deposit. The report was previously updated as of December 15, 2013. This update incorporates production depletion from the date of the last report, production / confirmation drilling and an update to the resource and reserve assumptions, primarily a lower gold price assumption (Reserves at $1,100/oz gold, Resources at $1,200/oz gold). The update also includes a maiden resource for the San Francisco underground. All figures quoted below are in US Dollars.

Colibri Resource Corporation is pleased to announce that their joint venture partner, Agnico Eagle Mines Limited, has informed them that they are planning to drill the Pitaya joint venture property located in Sonora, Mexico. In the Joint Venture, Agnico Eagle holds a 58.84% interest and Colibri holds a 41.16% interest in the Pitaya property.

Millrock President & CEO Gregory Beischer stated: “We are pleased to start this new partnership with Centerra Gold. It is a great to see a mining company aggressively acquiring and exploring properties in a challenging market and we are glad to be able to show progress in Mexico to our shareholders”.

Fred Stanford, President & CEO of Torex stated: “Achieving commercial production ahead of schedule and under budget is a memorable and significant achievement that the entire team is proud to have been a part of. We offer a special thanks to those many others that have helped in turning our collective intentions into reality.”

“Throughout 2015, we continued to reduce costs while increasing silver-lead production and mine efficiency,” said Americas Silver Corporation President and CEO Darren Blasutti. “At the end of March, our operations were on track to deliver on our production guidance and cash costs of $9.00 – 10.00 and all-in sustaining costs of $11.75 – 12.75 per ounce for 2016. We are also excited about the results of our San Rafael pre-feasibility study and maiden reserve estimate. At current prices, it has a pre-tax IRR of 27% and attractive economic upside through conversion of the existing resource to reserve, as well as resource addition from exploration once underground access has been established. We are starting small with initial capital estimates of approximately $22 million to get into production. The project is expected to produce 5.5 million ounces of silver, 254 million pounds of zinc and 97 million pounds of lead over an initial reserve life of 5.5 years at negative silver all-in sustaining costs.”