Category: Exploration and Development

International Northair Mines Ltd. is pleased to announce that exploration at its La Cigarra silver project, located in the Parral silver district of Chihuahua State, Mexico, has identified a potentially significant silver and gold occurrence known as La Colorada.

Evrim Resources Corp. has been advised by SilverCrest Mines Inc. that drilling has started on the Ermitaño Property in Sonora, Mexico. The drill program will include six drill holes in the Durazno target totalling an estimated 1,800 metres.

Evrim Resources Corp. has been advised by its partner, First Quantum Minerals Inc., that it is relinquishing its option to earn up to a 60% interest in the Cumobabi project in Sonora, Mexico.

Solo tres de los siete alcaldes de los municipios afectados por el derrame de la mina han firmado de conformidad por las accones implementadas para limpiar los ríos Bacanuchi y Sonora.

First deliveries mill feed to the Aldama plant expected shortly.
Cyprium to purchase mill feed, process and sell concentrates.
Use of the Aldama plant by Cyprium to also serve as optimization of plant operations ahead of production from Las Cristinas.

Paramount Gold and Silver Corp. on the first drill hole of the exploration program recently initiated on its 100%-owned San Miguel Project in northern Mexico has discovered a new high grade precious metals structure called Dana. The new discovery runs about 500 meters west of the Don Ese structure and parallel to it, and has a strike length potential on Paramount ground of about one kilometer. Don Ese is the highest grade and most valuable gold/silver deposit at San Miguel.

Kootenay Silver Inc. is pleased to announce all seven holes of its Phase I drill program on its La Negra Diatreme Breccia prospect have returned significant grades of widespread silver mineralization extending from surface to depth, confirming a substantial new silver discovery.

Orex Minerals Inc. has awarded a 5,000 metre diamond drilling contract to Kluane Mexico S.A. de C.V., a subsidiary of Kluane Drilling Ltd., for the Los Crestones Gold-Silver-Copper Project, 100 km north of Culiacan in Sinaloa, Mexico.

BACANORA MINERALS LTD. is pleased to provide an update on progress with activities underway for the purpose of advancing the Magdalena Borate Project toward feasibility of boric acid production. The Company has retained the services of Process Engineering LLC to design a plant capable of producing up to 25,000 tonnes of boric acid per year from borate minerals to be mined from the El Cajon deposit. The Company also continues performing metallurgical tests in order to refine and optimise the boric acid production at pilot scale.

Two diamond drill rigs have been mobilized to the project and drilling of the initial targets has begun. A minimum of 5,000 metres of drilling is budgeted for this phase with anticipated completion near the end of the calendar year. This phase of drilling focuses on targets in the northern half of Biricu and commences in the Hornfels Hill and Punto Rojo target areas. Both Hornfels and Rojo are characterized by alteration and mineralization in close contact with or within intrusive bodies. This setting is typical of other areas in the Guerrero Gold Belt that are hosts to known gold resources and is similar to other prospective and operating properties and mines in the Guerrero Gold Belt to the northwest.