Geologix Explorations Inc. is pleased to announce the sale of the Company’s Nuestra Senora del Carmen II Property to Argonaut Gold Inc. Geologix has also executed an assignment to sell Argonaut its Consejo 1 Property. Both properties are located in Mexico. In exchange for these two properties, Argonaut will provide Geologix with total compensation of $600,000 USD.
BACANORA MINERALS LTD. announced today that Rare Earth Minerals, Plc has provided written notice of the exercise its second stage option in respect of Joint Venture #2, confirming its desire to increase its ownership therein from 10% to 30%.
SOURCE EXPLORATION CORP. is pleased to report step-out drilling at the Santa Cruz target of its Las Minas project continues to intersect wide zones of gold-silver and copper skarn mineralization including 1.44 g/t Gold Equivalent (Au Eq) over 45.0 metres in hole LM-14-SC-04. A high-grade interval grading 11.96 g/t over 2.0 metres was intersected in the upper portion of the drill hole. Drilling at Las Minas is scheduled to resume in the first week of June. Current activities at the site include construction of drill roads and pads, with planned detailed surface mapping and sampling for target generation.
Soltoro Ltd. has been conducting trenching northwest of the El Rayo gold zone which has extended mineralization by approximately 70 metres along strike at surface. This represents approximately a 10% increase in the strike length of known mineralization in the El Rayo gold zone.
BIG NORTH GRAPHITE CORP. is pleased to announce that further to the Company’s press releases of December 19, 2013 and February 5, 2014, pursuant to a share purchase agreement with MAG Exploration Services Inc. and Cesar Javier Guajardo Villarreal, the Company has acquired all of the shares of Grafito de Mexico, S.A. de C.V., held by the Vendors (which shares represent 97.5% of the issued and outstanding share capital of Grafito). Grafito is the registered and beneficial owner of the El Tejon property.
Cayden Resources Inc. is pleased to announce that it has acquired the Shamba-la Concession located within the El Barqueno Concessions in Jalisco, Mexico. Shamba-la is approximately 400 hectares in size and is located along the northwest border of the Pena de Oro target where Cayden is currently drilling.
IMPACT Silver Corp. is pleased to announce discovery of two new high grade veins in underground holes drilled from the bottom levels of the San Ramon Mine. The discovery of these new veins below the deepest mine workings will extend mine life and indicates potential for discovery of additional mineral resources at depth. Results from these new drill holes include the following:
Alonso Ancira, presidente de Altos Hornos de México, dijo que la única forma de terminar con la inestabilidad sindical que se vive en la región norte de Coahuila es metiendo al líder minero a la cárcel.
Mexus Gold US announced that it is nearing completion of a deal to bring the Santa Elena/Julio project into production.
El hampa vende en 55 dólares la tonelada de hierro y traslada cargamentos hasta los patios de algunos puertos nacionales.
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