Warren Rehn, President and Chief Executive Officer of Golden Minerals, commented, “We are excited at the potential of the high-grade Santa Rosa vein to provide near-term feed for our sulfide mill at Velardena and look forward to getting underway with drilling in early 2016 as soon as we receive the necessary permits.”
Prospero Silver Corp. is pleased to announce that it has entered into an agreement with Golden Minerals Company of Golden, Colorado to confirm the viability of and, if determined to be favourable, to conduct mining operations on the Santa Rosa vein system, located on Prospero’s San Luis Cordero property in Durango State, Mexico. Golden Minerals owns the Velardeña Mine, presently on care and maintenance, located approximately 90 km from Cordero. This new arrangement contemplates Golden Minerals transporting ore from Cordero for processing at Golden Minerals’ existing 300 tpd sulphide plant. The principal operational agreements for this arrangement are between each of the party’s wholly-owned Mexican subsidiaries; Prospero’s subsidiary Minera Fumarola, SA de CV, and Golden Minerals’ subsidiary, Minera William SA de CV.
Results of the first two diamond core holes confirm wide zones of very high grade silver mineralisation, including:
18.0m @ 655g/t Ag from 2.0m in MDPD-001
? 18.7m @ 530g/t Ag from 28.8m in MDPD-002
Good correlation of silver grades and mineralised widths between the diamond core holes and the twinned RC drill holes
Mineral resource RC drilling program proceeding with 9 holes completed
“The drill results received to date confirm the existence of a second Los Verdes South quality deposit,” said Darren Koningen, President, Minera Alamos Inc. “In fact, the grade, style and make-up of the mineralization may in a number of ways be superior to our existing reserves to the South.”
Coeur Mining, Inc. announced the discovery of new high-grade silver-gold mineralization at the Palmarejo Complex in Mexico, including at Guadalupe, at Independencia, and at the Nación and Los Bancos zones, which are located in the 800 meter wide corridor between Guadalupe and Independencia. The latest drill results at Guadalupe demonstrate the highest grades and widest intercepts observed to date and compare favorably to the current average silver and gold reserve grades of 4.90 oz/t and 0.075 oz/t, respectively, at Palmarejo.
Timmins Gold Corp. is pleased to announce results from a recent drill program at its Ana Paula project located in the Guerrero Gold Belt, in the State of Guerrero, México. The drill program was carried out to: (i) confirm previous drilling; (ii) obtain metallurgical samples; and (iii) carry out select infill drilling. The drill program consisted of 2,000 meters in 10 core holes.
ALIX RESOURCES CORP. is pleased to announce it has executed a memorandum of understanding with global lithium developer Lithium Australia NL, whereby it is anticipated the two companies will work jointly to develop certain technologies pertaining to commercially viable lithium extraction solutions as well as progress Alixs newly acquired lithium concessions (the Electra project) located in Sonora, Mexico.
La existencia de grandes reservas de titanio en el subsuelo de Chiapas (México) pone en riesgo a las comunidades y al ambiente. La feria de las concesiones está en marcha.
Baja Mining Corp. is pleased to report that its Executive Management (Tom Ogryzlo – Interim CEO, Nigel Kirkwood – CFO and David Dreisinger – VP Metallurgy ) visited the Boleo Project on October 30 and 31, 2015, and met with operations management of Minera y Metalúrgica del Boleo, S.A. P.I. de C.V. to discuss progress at Boleo, including the process plant production ramp-up and both the underground and open pit mining.
Silver Spruce Resources Inc. wishes to announce that, as contemplated in its news releases dated June 18, 2015 and based on the results of its maiden NI 43-101 exploration report, the Company has finalized a Purchase Agreement for the Pino de Plata epithermal silver/base metal/gold property located in the Sierra Madre Occidental gold/silver belt in western Chihuahua state, Mexico. The NI 43-101 report was filed on SEDAR and summarized in a news release dated August 12, 2015.
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