Category: Exploration and Development

In $2 Billion Personal Lawsuit against Grupo Mexico CEO Germán Larrea, Courts Strike Down Larrea’s Attempt to Share Blame with Grupo Mexico Subsidiary

A Mexican district court and now court of appeals both have rejected attempts by Germán Larrea Mota Velasco, CEO of Grupo Mexico SAB de CV to compel Tucson, Arizona-based Americas Mining Corporation, a GMexico subsidiary, to answer as co-defendant in the longstanding personal breach of contract lawsuit brought by U.K. investment firm Infund LLP. Larrea is the controlling shareholder of GMexico and No. 67 on the Forbes 2014 World’s Billionaires list.

Resistencia une a indígenas y mestizos contra la minería en Puebla

Sierra Norte de Puebla.- Geográficamente divididos por la cadena de montañas de la Sierra Madre Oriental, la defensa de la tierra y del agua ha unido a los indígenas nahuas y totonacos y a los mestizos que habitan el norte del estado de Puebla en un frente contra la explotación minera y la instalación de plantas hidroeléctricas.

Galore Announces Completion of Airborne Gravity and Magnetic Survey over Dos Santos Property in Zacatecas State, Mexico and a Non-Brokered Private Placement

Galore Resources Inc. is pleased to announce the completion of a 1,000 line-kilometre (625 line-mile) Helicopter Airborne Gravity Gradiometer and High Sensitivity Magnetic Survey over approximately 10,000 hectares (24,700 acres) of the Dos Santos Property in northern Zacatecas State. The survey is the first phase of a two phase exploration program to cover areas of the property underlain by rocks of the same age as those that host gold-silver-zinc-lead deposits in the district at the Penasquito mine and the Camino Rojo property. Penasquito is Goldcorp’s world-class gold-silver producer and Mexico’s largest mine. Galore’s previous drill program at La Palma intersected encouraging geology in all twelve holes, including mineralization in three holes with metal ratios similar to the Penasquito deposit. Airborne gravity was chosen for its capability of detecting explosive diatreme intrusions like those hosting mineralization at the Penasquito mine.

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