Category: Exploration and Development

Pan American Silver Corp. is pleased to announce the positive results of a preliminary economic assessment of expanding its Dolores mine in Chihuahua, Mexico by adding a milling and pulp agglomeration circuit to the processing flow sheet to enhance silver and gold recoveries of higher grade mineralization, as well as by developing an underground mine to extract mineral resources that exist beneath and to the south of the ultimate open pit floor (the “Project”). The preliminary results indicate that the Project has the potential to generate excellent after-tax economic returns using the Company’s current reserve metal prices of $22 per ounce of silver and $1,300 per ounce of gold. The Project economics also remain robust at long term metal prices of $19 per ounce of silver and $1,200 per ounce of gold. The Project will increase average annual silver production from 3.65 million ounces to 5.04 million ounces, while average annual gold production will increase from an estimated 111,000 ounces to 148,000 ounces. The PEA contemplates an incremental capital investment of $105 million for the expansion. Pan American has decided to defer making a construction decision for the next 9 to 12 months while it invests a modest amount of capital (estimated at $3.0 to $5.0 million) to proceed with additional studies, and continue the delineation of the underground accessible mineralization, in order to further de-risk the Project.

Vendome Resources Corp. is a Toronto, Canada based minerals exploration company with key exploration assets in Guerrero State, Mexico and the Borden Lake Gold District, Ontario, Canada. Pursuant to the company’s press release dated December 20, 2013, the company is pleased to announce that the TSXV has accepted for filing, an extension to the company’s earn-in option agreement for a 50% interest in the La Diana Property located in Malinaltepec, Guerrero, Mexico.

Avino Silver & Gold Mines Ltd. today announced that as of Thursday June 19th, mill Circuit 2 is back online processing above ground stockpiles from the Avino mine. With Circuit 2 back online, Avino’s processing plant is once again operating at full capacity.

Riverside Resources Inc. is pleased to announce the results from an additional six drill holes that were completed at the recently discovered Jesus Maria South Zone at the Penoles Project in Durango, Mexico. The Company believes that these results confirm the continuity and extent of the near surface Zone away from areas of historic mining.

Torex Gold Resources Inc. is pleased to announce that mining of the “North Nose” pit has started, and this mining will add approximately 72,000 recoverable ounces into a stockpile that will be available when the plant is ready for commissioning in August of 2015. The Company expects to process this material in 2015, in addition to the previously planned 38,000 ounces of 2015 production from its El Limon-Guajes Project in Mexico.

Aura Silver Resources Inc. is pleased to announce that it has completed an extensive soil sampling survey on its 72% owned East Taviche property in Oaxaca Mexico. The purpose of this program is to enhance our knowledge of the geology and geochemical expression of the Company’s Higo Blanco jasperoid structure in order to expand the existing resource and find additional, buried precious metal targets. In addition, preliminary geological reconnaissance and rock sampling were conducted in the northern end of the East Taviche concession (East Taviche North) to assess the potential for the continuation of vein structures, some of which were previously identified on an adjacent property.

SOURCE EXPLORATION CORP. is pleased to report drilling has resumed at its Las Minas property, Veracruz, State, Mexico. The 2,000 metre diamond drill program has commenced after a very successful Phase 1 winter program.

Shares of Golden Minerals shot up after the junior announced it would reopen its Mexico-based Velardena silver-gold mine in July as a leaner and lower cost operation.

Marlin Gold Mining Ltd. is pleased to announce an operating and corporate update. The ramp-up at Marlin’s wholly owned La Trinidad mine in Sinaloa, Mexico continues, with commercial production expected to be reached by the end of the third quarter. Through June 16, 2014, 867,986 tonnes of material have been mined from the Taunus and Bocas pits and 476,508 tonnes of material have been crushed and placed on the leach pad. Gold recoveries and grade reconciliation to the block model are behaving as expected. We are producing gold on a monthly basis, with total gold production and gold in solution to date of 1,892 ounces. As of today our cash balance is approximately $10.15 million with an additional $3.4 million in refundable tax receivables.

Tara Minerals Corp. is pleased to announce that it has closed the acquisition of intellectual property for the preservation and protection of fresh fruit, vegetables and flowers during extended periods of shipping and storage. The mining assets and the newly acquired packaging assets will be held under separate subsidiaries.