Category: Exploration and Development

J. D. Poliquin, Chairman of Almaden reported, “This PEA update shows material improvements to the potential economic viability of the Ixtaca project realised through the recently-optioned Rock Creek Mill. At the same time a new mine plan is presented that optimises the mine plan for the lower metal price environment we find ourselves in by focussing on the near surface, quicker payback material. We now continue working on a PFS to further de-risk the project and initiate the permitting process.”

La Procuraduría Federal de Protección al Ambiente (Profepa) inspecciona la mina de oro Columbia de México, del Grupo NWM Mining Corp, ubicada en el municipio de Magdalena de Kino, Sonora, tras el derrame de solución cianurada ocurrido la mañana del pasado 7 de diciembre.

Grupo México, una de las empresas más importantes del país y uno de los principales productores de cobre en el mundo, ha sido acusada penalmente y denunciada por organizaciones defensoras de los derechos humanos y laborales de México y EU por sus constantes violaciones a las garantías de los trabajadores, de las comunidades y de la salud. También por incumplimiento de contrato.

La Procuraduría Federal de Protección al Ambiente (Profepa) reveló que la mañana del 6 de diciembre pasado se produjo un derrame de 450 toneladas de jales en la mina El Saucito, operada por la compañía Fresnillo PLC, propiedad del magnate Alberto Bailleres González, e inaugurada el 12 de julio del año 2011, por el empresario y el entonces presidente Felipe Calderón Hinojosa.

Heroin traffickers linked to the abduction and disappearance of 43 students a year ago are battling over millions of dollars paid by Canadian mining giant Goldcorp to a village in Mexico’s southern gold belt, leading to a wave of murders.

La Compañía Minera Caopas, S.A. de C.V operaba de manera ilegal dentro de la Reserva de la Biosfera El Vizcaíno, una de las áreas naturales más extensas y con más riqueza natural de México.

Mexus Gold US announced today that Argonaut Gold notified the company that it will not exercise their option at the Julio/Santa Elena property. Argonaut explained that the uncertainty with the price of gold is challenging exploration budgets. This, along with the obligations of $5,000,000 in drilling and mapping, $950,000 payable to Mexus to continue the JV, and a 20% fully carried contract were all factors in their decision . To date it is estimated that Argonaut has spent upwards of $500,000 in drilling, mapping and other associated costs. They also added that in better economic times the company would have exercised the JV option.

Guerrero plans to drill approximately 4,500 meters of core at the Hornfels Hill, Punto Rojo, and La Curva prospects, following up on targets drilled in 2014 in addition to testing several other targets that were identified by geophysics but not drilled in 2014. The current program will test the upper Morelos Formation and is employing 3 man-portable rigs and 1 track rig.

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.”