Category: Exploration and Development

West Melville Metals Inc. has completed an initial due diligence investigation on the Alex Copper Property located in Sonora, Mexico. Results are sufficiently encouraging for the Company to mount a follow-up field program which will commence immediately. The aim of the follow-up program will be to conduct a systematic surface sampling program over the main area of mineralization and to compile an initial property scale geological map.

Chesapeake Gold Corp. wishes to announce that it has acquired the 1.5% net smelter return royalty on its 100% owned Metates gold-silver project located in Durango State, Mexico. The royalty was purchased from the royalty holder, SANLUIS Corporation, a private Mexican company, pursuant to exercise of a right of first refusal held by Chesapeake’s Mexican subsidiary, American Gold Metates. The purchase price for the royalty was US$9.0 million.

DynaResource, Inc. is pleased to announce that Mineras de DynaResource S.A. de C.V., the 100% owned subsidiary of DynaUSA and the Exclusive Operator of the San Jose de Gracia Property in northern Sinaloa, México, is reporting the delivery for sale of approximately 236 Oz. gold and 90 Oz. silver.

Tonogold Resources Inc. is pleased to announce it has agreed terms with the owners of Mil-ler Resources and Energy SA de CV, owner of the Nevmex producing iron ore project located near Hermosillo, Sonora in Mexico, to merge the companies in a non-cash transaction as an alternative to the previous arrangements.

GoGold Resources Ltd. is pleased to announce that the Parral heap leach project in Chihuahua, Mexico has reached a major milestone with the start of commissioning of agglomeration and ore stacking on the heap leach pad. It is anticipated that the first silver/gold Dore pour will occur near the end of this month. The company has been delivering ore to the heap leach facility since late April. The phase one leach pad is nearing completion and will accommodate the first two years of commercial production. Construction of the front end agglomeration circuit is complete and commissioning has begun. The processing is expected to gradually increase to 5,000 tpd over the next three months. The entire processing facility is approximately 90% complete with the remainder to be finished within the month and the project is on budget.

Rare Earth Minerals PLC Tuesday said it has found new lithium-bearing clay deposits on its concessions and engineering design work has started on a lithium carbonate plant after it announced that it can produce 99.5% pure battery-grade lithium carbonate from the Sonora Project in Mexico.

Golden Minerals Company is pleased to announce results from its recent drilling program conducted at the Velardena Properties located in the State of Durango, Mexico. Mining operations at Velardena were suspended in June 2013 in response to the decline in precious metals prices, and drilling and analysis have subsequently been conducted in support of creating a restart plan that would result in cash flow-positive operations. Since January 2014, the Company has drilled 37 underground core holes totaling approximately 8,000 meters. Several additional holes are being drilled to infill and confirm mineralized characteristics of the Terneras vein, one of the veins that would be mined if the Company recommences mining at the Velardena Properties.

Kootenay Silver Inc. is pleased to announce that plans are underway for an anticipated 3,000 meter drill program on its emerging La Negra Silver prospect, situated 7 kilometres north of the Promontorio diatreme breccias, in Sonora, Mexico. The La Negra prospect is one of five identified discoveries within a 25km x15 km northwest trending corridor, termed the “Promontorio Mineral Belt.”

Tarsis Resources Ltd. is pleased to announce that it has carried out further exploration at its Yago project, including sawn channel sampling of outcrop, mapping and rock and soil sampling. The Yago project features gold and silver mineralization within a low-sulphidation epithermal environment.

BACANORA MINERALS LTD. is pleased to provide an update of recently completed operational activities, ongoing exploration work and future plans for the Sonora Lithium Project in Mexico.