Category: Exploration and Development

Further to its news releases of May 14, 2014, and June 19, 2014, Garibaldi Resources Corp. is pleased to report that several additional diamond drill holes have confirmed the discovery of a shallow, high-grade mineralized system with apparent open-pit potential at the Company’s Silver Eagle target (Rodadero North Project) in central Sonora State, Mexico. A second stage of drilling is starting immediately with SE-14-07 and will continue through the Mexican rainy season.

Monarchy Resources, Inc. is pleased to announce that New World Metals is in the final stages of completing construction of its mill. The mill is located 15 kilometers outside of Parral, Mexico, and will be used to process ore currently stockpiled and being mined at the Morelos, La Luna and Peneto mines. The mill will have the capacity to process 20 tons a day and produce gold and silver concentrate through a single-stage flotation circuit process. New World has signed an LOI with a reputable commodities broker for the sale of its concentrate and anticipates sending its first shipment of gold and silver concentrate by late August 2014. New World continues to develop its underground operations at each of its three operating mines.

GoGold Resources Inc. of Halifax reported Thursday that new drilling has added to the resource at its Santa Gertrudis gold mine in Sonora, Mexico.

CANGOLD LIMITED reports that it will commence immediately with a Phase I surface work program on the Guadalupe de los Reyes Gold-Silver Project in Sinaloa State, Mexico. A crew will be mobilized to the project within the next week and will focus on detailed geological mapping, trenching, and rock sampling in order to further define the numerous mineralized structures on the property.

Coeur Mining, Inc.announced results from a feasibility study on the La Preciosa silver-gold project located in Durango state, Mexico and announced the Company’s decision to defer construction activities at this time.

Primero Mining Corp. today announced new drilling results and provided an update on its Cerro del Gallo development project located in Guanajuato, Mexico.

CANGOLD LIMITED reports that it will commence immediately with a Phase I surface work program on the Guadalupe de los Reyes Gold-Silver Project in Sinaloa State, Mexico. A crew will be mobilized to the project within the next week and will focus on detailed geological mapping, trenching, and rock sampling in order to further define the numerous mineralized structures on the property.

Amarium Technologies, Inc. through its wholly owned subsidiary Amarium Minerals Inc., reports that the Company has signed a definitive agreement to acquire the El Desvan Cobre SA property, located in Michoacan, Mexico. Amarium completed the agreement to acquire a 100% interest in the El Desvan from Minera Rio Cobre SA de CV, after signing a Letter of Intent to acquire the mine on June 18th, 2014. Terms of the agreement have not been released at this time, but the Company reports the value of the acquisition at USD $7.9 million.

El senador Ricardo Barroso Agramon alertó del riesgo que corre la actividad pesquera en Baja California Sur, por la pretensión de empresas privadas de iniciar la explotación y exploración de fosfatos en el lecho marino del Golfo de Ulloa.

Mammoth Resources Corp. would like to announce that it has signed surface rights agreements that will permit drilling on its Tenoriba precious metal property in the prolific Sierra Madre Precious metal belt, Mexico. The agreements are with two ejidos (an ejido is a communal municipal governance committee which has stewardship over surface land usage); the Baborigame ejido and the Santa Rosa ejido, boundaries of which each cover a portion of the Tenoriba property. In the case of the Santa Rosa ejido and Baborigame, respectively and are renewable on equal terms for periods to be determined, by votes in favour of such extension and terms of extension, at the time of such votes. In the case of Santa Rosa ejido, the surface right agreement was originally signed on April 13, 2014 and is for a term of three years, requires payment of Mexican Peso (MN $) 10,000 (approximately US$800) every six months and is renewable for a second three year period with the same general terms, subject to a new ejido assembly vote and can be cancelled at Mammoth’s convenience. In the case of the Baborigame ejido, the surface right agreement was signed on July 20, 2014 and is presently in the process of being notarized. The agreement is for a term of two years, requires payment of MN $15,000 (approximately US$1,200) every six months and is renewable for an additional year period with the same general terms, subject to a new ejido assembly vote and can be cancelled at Mammoth’s convenience. The difference in amounts to each ejido is on the basis of the amount of ejido property existing on the Tenoriba property and population of each ejido community.