Category: Exploration and Development

It may be18 months behind schedule and $750 million over budget, but the Minera y Metalúrgica del Boleo copper mine in Mexico is finally producing copper.

Corex Gold Corp. is pleased to announce a corporate update on the company’s Santana property in Sonora State, Mexico. The first milestone was a first tranche private placement provided by H Morgan & Company. A second tranche will also be made as and when necessary by H Morgan & Company, as stated in the agreement, for a total of, $1,250,000 million. This first tranche will fund an exploration and development program, the second tranche is expected to fund start-up production.

Kootenay Silver Inc. is pleased to announce that camp upgrades and drill targets are being finalized and work crews are being mobilized for an upcoming Phase II drill program on its Promontorio La Negra Silver discovery in Sonora, Mexico. An announcement of the official start date of drilling will be forthcoming in the near future.

Hecla Mining Company announced that a very successful 2014 exploration drilling program with strong drill intersections has resulted in significantly increased resources at its San Sebastian property in Durango, Mexico. A 2015 exploration program has been designed to further advance the project and expand the resource.

Fortuna Silver Mines Inc. is pleased to announce results for step-out drilling of the Trinidad North zone at the San Jose Mine in Oaxaca, Mexico. Results are included for twenty-three drill holes completed subsequent to the Mineral Resource and Mineral Reserve estimates reported as of June 30, 2014. The new drill results confirm that the Bonanza and Trinidad veins and the structurally and spatially related Trinidad North Stockwork Zone all remain open to the north and to depth along the strike and plunge of the ore shoots.

Baja Mining Corp. announces that it has been advised by Minera y Metalúrgica del Boleo, S.A. P.I. de C.V. and Korea Resources Corporation that prior problems relating to the acid plant have been resolved and the Boleo plant achieved first copper production on January 17, 2015.

Mexichem, S.A.B. de C.V. announced that on January 6, 2015, one of its subsidiaries, Mexichem Fluor, appealed the U.S. International Trade Commission ruling that the import of Chinese refrigerant gas does not harm U.S. industry.

Paramount Gold and Silver Corp. reported today that each of the last three core holes in its 2014 drill program have intercepted gold and silver mineralization. These holes targeted the higher grade Don Ese deposit, located on its 100%-owned San Miguel Project in northern Mexico immediately adjacent to Coeur Mining’s Palmarejo Mine Complex. DS-052 and DS-053 were infill holes drilled to upgrade the mineralized material estimate while DS-051 successfully tested the Don Ese vein at depth, effectively expanding the length of the known mineralization.

Azure Minerals Limited is pleased to announce that it has received strong assay results from its first sampling program at the Alacrán Copper Project, located in the Mexican state of Sonora.

El Congreso del Estado solicitará información al Gobierno del Estado sobre el proyecto minero El Arco que se ubica al sur de Ensenada y en el que hay intención de extraer oro, cobre y plata.