Category: Exploration and Development

Kootenay provides exploration update of Promontorio satellite targets defining a 25 x 15 kilometer mineralized corridor

Kootenay Silver Inc. is pleased to provide an update of exploration on the contiguous land position surrounding its flagship Promontorio Silver Project in Sonora, Mexico. Ongoing exploration has resulted in the discovery of numerous zones of gold-silver, silver and gold-copper mineralization that defines a 25 x 15 km northwest trending corridor, the “Promontorio Mineral Belt”.

SilverCrest Receives US$10 Million Commitment from Sandstorm Gold

SilverCrest Mines Inc. is pleased to announce it has received notice of exercise of the Underground Mine Option from Sandstorm Gold Ltd. for the Santa Elena Mine, Sonora, Mexico. This Option allows Sandstorm to purchase 20% of the gold produced from underground operations at the Santa Elena. In consideration of exercise of the option, Sandstorm will make an additional upfront deposit of US$10 million to the Company on or before March 17, 2014 and will continue to make ongoing per ounce payments of US$350 until 50,000 ounces of gold have been delivered to Sandstorm, inclusive of 18,593 ounces already received from open-pit production, at which time the payments will increase to US$450 per ounce of gold.

Gómez Urrutia se declara ganador de contrato colectivo en mina

l sindicato que dirige Napoleón Gómez Urrutia se dijo vencedor del recuento por la titularidad del Contrato Colectivo de Trabajo (CCT) en la mina El Coronel, en Zacatecas, aunque la Junta de Conciliación y Arbitraje no ha emitido resultados.

Mammoth Posts Technical Report-Tenoriba Property on Company Web Site, Recommends Drilling Geophysics Targets and Continued Metallurgical Testing

Mammoth Resources Corp. is pleased to announce that it has posted a technical report summarizing historical and recent work performed on its Tenoriba Property, located in the prolific Sierra Madre precious metal belt in south western Chihuahua state, Mexico (refer to the company’s web sitewww.mammothresources.ca , for a detailed location map). The technical report provides a review of all known historical work performed on the property and all work performed by Mammoth Resources until the end of 2013. The report recommends drilling geophysical targets and continuing metallurgical testing of precious metal enriched cyanide leachable material on the property.

McEwen Mining El Gallo 1 Mine Expansion Nears Completion

McEwen Mining Inc. is pleased to announce that the expansion of the El Gallo 1 mine in Sinaloa State, Mexico is scheduled to be completed by early April. The expansion is approximately three months ahead of schedule and capital costs are expected to total US$3 million versus the US$5 million originally budgeted. Production is anticipated to grow from 37,500 oz. gold this year to 75,000 oz. gold in 2015. Cash costs are also expected to decrease from US$750 per oz. to US$575 per oz. starting next year.

Mineros buscan a Grupo México para finalizar huelgas

Tras siete años de huelga en las minas de Taxco, Guerrero; Sombrerete, Zacatecas y Cananea Sonora, ésta última ficticia, el Sindicato Nacional de Trabajadores Mineros Metalúrgicos de la República Mexicana, que encabeza Napoleón Gómez Urrutia, iniciará un acercamiento con la empresa Grupo México para poner fin en unos días dichos paros.

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