Category: Exploration and Development

Received $3.0 million to complete the sale of the Los Cardones gold project;
Completed an agreement to sell up to 8 million of our shares in Midas Gold Corp. for aggregate net proceeds of approximately $2.8 million;
Received $0.5 million option payment from Cangold Limited; and
Continued to bring costs down while meeting environmental, safety and regulatory requirements…

Oceanus Resources Corporation is pleased to announce the results of its Phase 3 exploration program on the La Lajita Property in Durango State, Mexico. Four diamond drill holes were completed at the Santo Nino prospect. Geological mapping, prospecting and sampling were completed along the La Lajita fault system. Stream sediment sampling was completed in the north-western area of the property to assess the gold potential along the north-west extension of the La Lajita fault system.

War Eagle Mining Company Inc. is pleased to report that it has received a further US$300,000 (approximately Cdn$375,000) installment of the proceeds of the sale in 2014 of the Tres Marias zinc-lead-germanium project in Chihuahua, Mexico to Contratista y Operaciones Mineras SA de CV, a private Mexican mining company. Total consideration for the sale was…

Azure Minerals Limited is pleased to announce that it has found several extensive zones of visible copper mineralization and historical mine workings at the La Morita prospect, located at the Alacrán Copper Project.

GoGold Resources Inc. is pleased to announce that it has received the environmental permit allowing development of the Santa Gertrudis gold mine from the Mexican Department of Environment (Semarnat). Construction is expected to commence immediately following the completion of final engineering of the heap leach pad, the processing plant design and receipt of the change of land use permit. The permit includes acceptance of the environmental impact assessment for its Santa Gertrudis gold mine in Sonora State Mexico.

Morro Bay Resources Ltd. and Riverside Resources Inc. are pleased to report a project-first, independent resource estimate for the Jesus Maria Silver Zone and the El Capitan Gold Zone which represent two of the known mineralized zones at Penoles. The Penoles Project is easily accessible and lies within the Durango Silver Belt, which is one of the most developed and low-cost mining regions in Mexico.

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 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…

El Pabellón de México fue inaugurado este domingo en la convención internacional minera PDAC 2015, que llevará la información más actualizada sobre los proyectos mineros en nuestro país y las oportunidades de inversión.

GOLDCORP INC. this week launched the next stage of Creating Choices, the first company-wide development and mentorship program for women in mining. First introduced in 2010, the popular initiative encourages growth and builds skills in a traditionally male-dominated industry.