Category: Exploration and Development

Southern Silver Exploration Corp. reported today that core drilling on the Cerro Las Minitas project, Durango State, Mexico has identified thick intervals of high-grade semi-massive and massive sulphide mineralization in drill hole 15CLM-081. The mineralized intercepts represent a significant lateral offset from previously outlined mineralization of the Blind-El Sol zones. Highlights from drill hole CLM-081 include:

“Not only were we encouraged by the significant copper equivalent grades at the North Deposit but also by an unexpectedly high silver content – over five times that experienced in the South Deposit,” said Darren Koningen, President, Minera Alamos Inc. “The real surprise, however, was how close the deposit came to surface making it ideal for open pit mining. The top six metres of all nine holes had a collective average grade of 0.79% copper equivalent.”

Un grupo de habitantes de la comunidad de Coatetelco de esta localidad rechaza a la empresa minera Alamos Gold Company (antes Esperanza Silver), la cual busca explotar alrededor de 303 hectáreas de tierras de cultivo y de uso común de la comunidad para extraer metales como antimonio, arsénico y oro.

En conferencia de prensa, representantes agrarios de Monte del Toro, El Vergel y su anexo Los Ocotes, San Martín de Los Cansecos, San Matías Chilazoa, Barrio del Progreso, Taniche, Cerro de las Huertas y Magdalena Teitipac de los Valles Centrales denunciaron que 90por ciento del territorio comunal y ejidal, fue concesionado a empresas mineras sin el consentimiento de las comunidades.

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.