Category: Exploration and Development

Descarta Guajardo clausura de mina de Grupo México por derrame

El gobierno federal descartó la clausura definitiva de la empresa Buenavista del Cobre –filial de Grupo México– que derramó más de 40 millones de litros de residuos peligrosos al río Sonora, por considerar que “lo relevanteâ€? es el compromiso de la empresa en la compensación económica de los afectados y la remediación de sus efectos.

Grupo México, culpable del desastre ecológico en Sonora

El derrame de 40 mil metros cúbicos de lixiviados de sulfato de cobre acidulado en los ríos Bacanuchi y Sonora fue causado por las malas condiciones en que estaba un tubo de polietileno en una de las piletas, así como por la falta de una válvula de la empresa minera Buenavista del Cobre —subsidiaria de Grupo México—, no por el exceso de agua resultado de las lluvias, como aseguró la empresa en un principio, lo cual es “completamente falsoâ€?, señaló ayer el secretario del Medio Ambiente (Semarnat), Juan José Guerra.

Morro Bay Resources and Partner, Riverside Resources Begin Drilling New Target Areas at the Penoles Gold-Silver Project in Durango, Mexico

Riverside Resources Inc. is pleased to announce the initiation of the 2014 drilling program to explore the San Rafael silver-gold system and outlying early stage gold-silver zones, which were recently delineated during regional reconnaissance mineral exploration. Approximately nine drill holes totalling roughly 1,900 metres are planned, with drilling now underway at the San Rafael vein target area. Previous drill programs have focused on the Jesus Maria silver vein system and the Capitan gold zone, so the drilling of new, untested target areas during the current program has the potential to expand on the known mineralization and add significant value to the Peñoles Project.

Riverside and Partner Morro Bay Resources Begin Drilling New Target Areas at the Penoles Gold-Silver Project in Durango, Mexico

Riverside Resources Inc. is pleased to announce the initiation of the 2014 drilling program to explore the San Rafael silver-gold system and outlying early stage gold-silver zones, which were recently delineated during regional reconnaissance mineral exploration. Approximately nine drill holes totalling roughly 1,900 metres are planned, with drilling now underway at the San Rafael vein target area. Previous drill programs have focused on the Jesus Maria silver vein system and the Capitan gold zone, so the drilling of new, untested target areas during the current program has the potential to expand on the known mineralization and add significant value to the Peñoles Project.

Mexus Gold US Hosts Large Miner and Placer Update

Mexus Gold US announced today that during the week of August 18th, Julio Baltazar, vice president of Mexus Gold Mining SA de CV, showed the Julio/Santa Elena property to a group of geologists representing a Canadian mining company. The visitors walked the property and were shown the previously published drill results. Mr. Baltazar stated, “I was as equally impressed with this group as they were with our property.” Paul Thompson, CEO of Mexus added, “This mining company has the qualified personnel along with the necessary capital needed to justify discussions on a potential partnership.”

War Eagle Provides Update on Tres Marias Mine Development

War Eagle Mining Company Inc. is pleased to announce that it has received the second payment (US$35,000) from the sale of the Tres Marias zinc-lead-germanium project in Chihuahua, Mexico to Contratista y Operaciones Mineras SA de CV, a Mexican mining company, previously announced on January 16, 2014. Total cash consideration for the sale was US$5,000,000 of which the next payment to War Eagle is to be US$300,000 in January 2015.

Garibaldi Resources Corp. – High-grade silver and increasing base metal values sampled up to 3 km south of Silver Eagle discovery

Garibaldi Resources Corp. is pleased to report that as Phase 2 diamond drilling continues at its Silver Eagle target (Rodadero North Project) in central Sonora State, surface sampling results from mineralized outcrops indicate continued high silver values in addition to a significant increase in base metal content (up to 14.9% lead and 1.8% zinc) 1.5 km to 3 km south of discovery hole SE-14-01.

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