Category: Exploration and Development

For the third time this year, gold miners in Mexico have come under attack, highlighting the perils of mining in the country.

Prospero Silver Corp. is pleased to announce that it has signed a binding agreement dated April 2, 2015 with CIC Resources Inc., a privately-held company incorporated under the laws of the Cayman Islands pursuant to which Prospero granted CIC an option on the El Petate property in Hidalgo State, Mexico.

La minera McEwen Mining informó que le robaron 7 mil onzas de oro, el equivalente a 8.5 millones de dólares en su refinería ubicada en la mina El Gallo, en Sonora.

McEwen Mining Inc. is extremely disappointed to report an armed robbery occurred today at our El Gallo 1 mine in Sinaloa, Mexico. An estimated 900 kilograms of gold-bearing concentrate containing approximately 7,000 ounces of gold were stolen from the refinery. The crime is being vigorously investigated by the Mexican authorities.

Gainey Capital Corp. is pleased to announce the initial results from its ongoing surface sampling program at its 100% owned El Colomo property located in the Sierra Madre Occidental Trend in Western Mexico. Analytical results received from the first 23 stream sediment samples and 3 rock chip-channel samples include strongly anomalous results. These samples were taken by IMDEX/Cascabel and were analyzed by ALS Minerals.

Mexus Gold US confirmed today that the terms of the signed contract between First Pursuit Silver de Mexico S. de R.L. de C.V. and Mexus have not been met. The company is reviewing all options with legal counsel and will update shareholders as the matter progresses. CEO Paul Thompson added, “Obviously we are disappointed…

Millrock Resources Inc. is pleased to provide an update on exploration activities at its Los Chinos gold project in Sonora, Mexico. Recent work has provided indications of a large gold-mineralized system. This new exploration discovery was made during regional reconnaissance for Herradura-type orogenic gold deposits.

Chesapeake Gold Corp. wishes to report on the current status of the updated pre-feasibility study on its 100% owned Metates project located in Durango State, Mexico. M3 Engineering & Technology together with several industry leading international consultants are currently working towards the completion of the updated PFS. Several recent developments have caused the completion of the updated PFS to be delayed until the second quarter of 2015. The Metates project hosts one of the largest undeveloped gold, silver and zinc reserves in the world.

FIRST MAJESTIC SILVER CORP. is pleased to provide a new NI 43-101 Technical Report and the initial Mineral Reserve and Resource estimate for the La Guitarra Silver Mine located in the State of Mexico. All amounts are in U.S. dollars unless stated otherwise.

IMPACT Silver Corp. is pleased to announce additional high grade silver drill results from the San Ramon Deeps Zone in the Royal Mines of Zacualpan Project in central Mexico. IMPACT recently began mining this new wide, high grade vein which is largely responsible for the rising silver grades reporting to the mill. Results from these new drill holes include the following: