Category: Exploration and Development

Almaden Minerals Ltd. is pleased to announce the results from Almaden’s ongoing 2014 drill program at the Company’s 100% owned Tuligtic project, Mexico. Recently the company released a positive PEA on the Ixtaca deposit. The mineral resources incorporated into the PEA mine plan were comprised of 29% Measured, 55% Indicated and 16% Inferred. The results reported today are from drilling carried out subsequent to the 2014 resource update and PEA and designed to test for additional mineralisation near the known deposit. Hole TU-14-438 hit an interval of high grade volcanic hosted gold mineralisation, including 15.00 meters of 4.43 g/t gold and 9.5 g/t silver, immediately adjacent to the known deposit and just outside of the PEA base case pit. Also reported today are significant results from hole TU-14-436 which intersected 27.00 meters of 0.45 g/t gold and 1.7 g/t silver, also outside of the PEA base case pit and southeast of the known deposit.

Avino Silver & Gold Mines Ltd. is pleased to announce the following expansion update from its Avino mine and operational update from its San Gonzalo Mine, both of which are located on Avino property, 80km northeast of Durango, Mexico.

BIG NORTH GRAPHITE CORP. announces that the Company has released a report prepared by Tetra Tech WEI Inc titled “Grafito De Mexico Property Plant Assessment Report” and dated August 13, 2014, regarding the Company’s recently acquired El Tejon project located in Oaxaca, Mexico. Big North commissioned the Report as part of its due diligence process and a site visit was completed January 17-20, 2014, by Andre de Ruujiter, P. Eng, of Tetra Tech.

A Canadian-owned mine in northern Mexico spilled nearly 1.9 million litres of a cyanide solution used in heap-leach gold mining, after heavy rains caused a retaining pond to overflow.

Grupo México informó que luego del incidente en el complejo minero Buenavista del Cobre, en Sonora, la empresa procedió de inmediato a levantar un muro de contención para evitar que el derrame continuara y evitar que volviera a acontecer.

Golden Minerals Company is pleased to announce it has signed a contract to acquire the Santa Maria mine, a privately held property near the Parral District of southern Chihuahua State,Mexico located approximately 20 kilometers from the Company’s Los Azules project. Separately, the Company has released results of additional drilling at the Los Azules exploration property.

Debido a las fuertes lluvias se presentó un derrame de 40 mil metros cúbicos de ácido sulfúrico a los ríos Bacanuchi y Sonora, por lo que la Conagua multó a Grupo México con un millón 200 mil pesos; la empresa aún analiza las afectaciones a algunos municipios del estado de Sonora.

Jorge Carlos Flores Monge, titular de la Procuraduría Federal de Protección al Ambiente señala que por el solo hecho de no haber avisado, Grupo México tendrá que pagar una multa de 50 mil salarios mínimos, equivalentes a 3 millones de pesos, tan solo en lo que respecta a esta dependencia, y que aunque parece una cifra irrisoria no pueden imponerle más porque sería un abuso de autoridad.

El director General del Organismo de Cuenca Noroeste de Conagua, Alfonso Lagarda, aclaró que aunque las multas se imponen automáticamente en función a la ley vigente, Grupo México deberá proceder a la cancelación del origen de esta falla, además serán sometidos a una nueva revisión para conocer la condición de las instalaciones y deberán pagar todos los daños.

El delegado estatal de la Comisión Nacional del Agua (Conagua), César Lagarda Lagarda, informó que se detectaron metales pesados muy dañinos para la salud humana en el derrame de ácido súlfurico al río Sonora, producto de las actividades de la mina de Cananea. Además sostuvo que Grupo México, dueño de la mina de cobre, ocultó por uno o más días el incidente dado a conocer el viernes pasado.