Category: Exploration and Development

After 25 years working around the world as a highly paid geologist earning a six-digit salary, Phil Scheimer is back in Australia weighing up his future prospects: day labourer or pizza delivery man.

Candente Gold Corp. is pleased to report that an Inferred Mineral Resource Estimate has been completed on the Mexico Mines tailings deposit under option from the Municipality of El Oro de Hidalgo in Mexico.

Mexus Gold US announced that on July 3, 2014 the company signed a contract with Hank Schimschat, owner of Gold Grabber LLC, buying an interest in its Nome, AK based offshore gold mining operation. Hank Schimschat is best known for his role on Discovery Channels hit show Bering Sea Gold. The agreement will have the company paying 1.2 million restricted shares to Mr. Schimschat. Mexus president Paul Thompson stated “The cost of this deal is an affordable way to bring the name Mexus Gold US to millions of viewers worldwide.”

Almaden Minerals Ltd. is pleased to announce the results from Almaden’s ongoing 2014 Ixtaca Zone drill program at the Company’s 100% owned Tuligtic project, Mexico. Recently the company released a positive PEA on the Ixtaca deposit (see news release dated April 16th, 2014). 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 upgrade resources remaining in the inferred category to the higher confidence measured and indicated categories. Infill drilling is now complete and the Company’s 2014 drilling is currently focussed on exploring the large and highly prospective Tuligtic concession for gold-silver deposits.

VENDOME RESOURCES CORP., a Toronto, Canada based minerals exploration company with key exploration assets in Guerrero State, Mexico and The Borden Gold District, Ontario, Canada, is pleased to announce that it has entered into advanced discussions with Camsim Minas SA de CV (Camsim), of Mexico City, Mexico, with a view to acquiring 100% of Camsims wholly-owned La Diana concession located in the heart of the highly prolific Sierra Madre del Sur precious metals belt in Southern Mexico.

Formation Metals Inc. is providing an update to shareholders on recent corporate and cobalt sector developments. Over the last few months, Formation has been actively pursuing several opportunities resulting from the significant increase in long term demand for cobalt from the rechargeable battery sector required for electric vehicles and hybrid electric vehicles where cobalt is one of the key components.

Westminster Resources Inc reports that it has received notice from Capstone Mining Corp. terminating the option agreement on the Cumbral – San Bartolo project located in Sonora, Mexico.

En conjunto con Siemens Metals Technologies, la firma siderúrgica abastecerá e instalará los equipos necesarios para el nuevo proceso de desgasificado. La nueva planta será establecida en el complejo de AHMSA de Monclova, Coahuila.

Orex Minerals Inc. is pleased to announce that a TITAN-24 ground geophysical survey team has now been deployed by Quantec Geosciences on Orex’s Los Crestones Project in Sinaloa, Mexico. A ground Induced Polarization and Magnetotelluric survey will be conducted over the next few weeks.

El 23 de junio, en el Diario Oficial de la Federación se anunció la consulta pública para declarar como área natural protegida, con carácter de Reserva de la Biosfera, a la región denominada Desierto Semiárido de Zacatecas.