Category: Exploration and Development

Fortuna announces expansion of its San Jose Mine from 2,000 to 3,000 tpd

Fortuna Silver Mines Inc. is pleased to announce Board approval of two major capital projects for 2015 at the San Jose Mine in Mexico: mill expansion from 2,000 to 3,000 tonnes per day and construction of a dry stack tailings deposit and filter facility. The company is in a strong financial position to meet its capital budgets from operating cash flows and available liquidity.

Santacruz Silver Announces Fatal Accident at Rosario Mine

Santacruz Silver Mining Ltd. regrets to announce that a fatal accident occurred at the Rosario Mine in the State of San Luis Potosi, Mexico over this past weekend. An employee of a contractor was fatally injured while undertaking maintenance on Ball Mill #1 at the Rosario Mine.

San Marco Resources Acquires Option on Highly Prospective Property in the Cuatro de Mayo District

San Marco Resources Inc. has signed a two year option agreement with Argonaut Gold Inc. of Toronto, Ontario to acquire a 457 hectare concession that contains a number of established gold targets in the El Chunibas area of the Cuatro de Mayo District in northern Mexico. Under the terms of the agreement, San Marco can earn a 100% interest in this concession by paying Argonaut a total of $50,000 over two years ($10,000 within 90 days, $15,000 on the first anniversary and $25,000 on the second anniversary). Argonaut will retain a one percent NSR royalty on any future production.

Northair Silver Corp. Releases Results of 2014 Drilling Program at the La Cigarra Silver Project, Mexico

Northair Silver Corp. is pleased to announce that the 2014 drilling program at its flagship La Cigarra silver project located in Chihuahua, Mexico has been completed and all results are compiled and under review. The Program consisted of seventeen core holes totaling 4,860 metres. Drilling was distributed over several property wide targets with most work directed at in-filling and expanding the known San Gregorio and Las Carolinas resource area. Subsequent to the Program, Northair currently has a cash balance position of just under C$5.0 million.

Paramount Gold and Silver Continues to Intersect High Gold and Silver Grades at Don Ese Deposit in Mexico

Paramount Gold and Silver Corp. today announced results from three additional core holes drilled at the high grade Don Ese deposit, located on its 100%-owned San Miguel Project in northern Mexico. Exceptional grades and widths from these infill holes are likely to upgrade resources to the measured and indicated categories and potentially increase the resource size and grade.

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