Category: Exploration and Development

Almaden Provides Ixtaca Project and Spin-Out Update

Almaden Minerals Ltd. is pleased to report on the on-going development activities at the Company’s 100% owned Tuligtic project and the Ixtaca gold-silver deposit. Work currently underway includes advanced engineering and environmental baseline studies to meet the requirements of a Pre-Feasibility Study and the submittal of an environmental permit application and risk assessment to the Mexican regulatory agency responsible for mine permitting. To date Almaden has completed or initiated the following studies:

Mexus Gold US Update on Placer, Blasting Permit, and Funding

Mexus Gold US announced that the placer plant is running with color in the sluice. The company noted that the feeder is not up to task. After timing the feeder it became apparent that a better feeder with a variable frequency drive speed control is needed. Mexus has a VFD and feeder rebuilt and ready to ship at its Walnut Grove shop. The new equipment will ship immediately and should be operational by March 10th. Production will continue during this time. The new feeder and VFD will allow the operation to process 600 TPD. CEO Paul Thompson added, “We continue the process to obtain our blasting permit…

Soltoro Completes Panel Sampling Program on Tecolote Project

Soltoro Ltd. has completed the panel sampling on its 100%-owned Tecolote gold project located in Jalisco, Mexico. The Tecolote Project lies within the Guachinango District, which includes Soltoro’s El Rayo Primary Silver Project and the El Barqueno Gold Project recently acquired by Agnico Eagle Mines Limited. All three projects lie within a broad northwest-trending belt of gold-silver mining districts that also includes Endeavour Silver’s San Sebastian Project.

Mexus Gold US Updated Geology Report

Mexus Gold US released an amended geology report for its Santa Elena/Julio property. The report, written by Geologist Cesar Lemas, expands on his previously published report. Most notable is Mr. Lemas’ recommendation to pursue an aggressive drilling program leading to production. CEO Paul Thompson added “This report supports our short term goal which is to get the underground mine operation started and to begin a drilling program.” The updated report can be found here. Cesar Lemas Updated Report

Great Panther Silver To Acquire Cangold

GREAT PANTHER SILVER LIMITED and Cangold Limited are pleased to announce that they have entered into a binding letter agreement dated February 25, 2015 pursuant to which Great Panther will, subject to the terms and conditions of the Letter Agreement, acquire all of the issued and outstanding common shares of Cangold by way of a statutory plan of arrangement. This transaction will result in Great Panther adding the option to acquire more than 6,000 hectares of the Guadalupe de los Reyes gold-silver Project in Sinaloa…

Canadian Embassy Ignored Mining Abuses in Mexico: Report

MiningWatch is blaming diplomats at Canada’s embassy in Mexico for overlooking Toronto-based Excellon Resources Inc.’s efforts to avoid redressing a violated land-use contract and repression against a peaceful protest in 2012.

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