Category: Exploration and Development

Cayden Resources Inc. is pleased to announce that it has acquired the Shangri-la claim located within the El Barqueño Concessions in Jalisco, Mexico, which are fully optioned by Cayden. The Shangri-la claim lies adjacent to the Pena d’Oro target where drilling will commence shortly.

Canasil Resources Inc. announces that MAG Silver Corp. has provided an update on MAG’s exploration program at Canasil’s Salamandra silver-copper-zinc-lead project in Durango State, Mexico. MAG confirms completion of the required first year 3,000 metre diamond drill program and minimum CAD$ 1,000,000 exploration expenditures, and plans to extend the program by at least an additional 500 metres, under an option agreement for MAG to earn up to a 70% interest in the Salamandra project. Assays are pending for the completed drill holes. MAG further noted that detailed geologic mapping and sampling and systematic review of Canasil’s geophysical surveys and drilling results have generated twenty drill targets around the outcropping intrusive complex and surrounding alluvial and volcanic cover at Salamandra.

GoGold Resources Ltd. is pleased to provide an update on its Parral Tailings Project in Mexico. Construction is going extremely well with the heap leach facility approximately 60% complete. Pad preparation is progressing on schedule with liner installation well underway. Power lines are under construction and water wells are prepared and ready for mechanical installation. Approximately 50% of the steel works have been delivered to site and are being constructed with the remaining structural materials arriving over the next few weeks. Overall the project is on schedule and on budget. The company expects to begin stacking ore in April with gold and silver production commencing in May 2014. There are numerous pictures available at www.gogoldresources.com that further illustrate the work completed and the progress being made.

El conglomerado minero y ferroviario Grupo México, de Germán Larrea, ya participa en el sector energético mexicano.

San Juan drill intersections include 10.343 g/t gold over 3.19 meters
and 1,218.1 g/t silver over 1.17 meters

SilverCrest Mines Inc. is pleased to announce results of further delineation underground drilling completed in Q4, 2013 at the Santa Elena Mine in Sonora, Mexico. Twenty two closely-spaced (est. 25 metres) underground drill holes, totaling 1,590 metres have been completed to better define underground resources and verify widths and grades for the first planned production stopes to be mined in 2014 (see table below and attached Figure: http://media3.marketwire.com/docs/svlfig0217.jpg). The results of all holes included in this news release will be part of a resource update scheduled to be completed in H2 2014.

MAG Silver Corp. is pleased to provide an update on its exploration and development projects in Mexico. At December 31, 2013, the Company had cash of US$25 million, which is sufficient to maintain all of its properties and currently planned programs through 2014 and into 2015.

Kootenay Silver Inc. is pleased to provide an update on geological mapping and prospecting on its 100% owned Cervantes Gold/Copper Porphyry prospect located approximately 50 km northeast of its flagship Promontorio Silver resource in Sonora, Mexico. Based on geologic observations, the Company believes Cervantes has potential for hosting leachable gold resources, the thesis of which can be tested at a relatively low cost. The current work is part of a regional discovery program that is focused on multiple mineralized systems identified to the northeast and northwest of the Promontorio diatreme. The prospective systems form the basis of newly identified large mineralized belts trending northwest and northeast.

Gainey Capital Corp. is pleased to announce the engagement of Minera Cascabel SA de CV as leader of its gold and silver exploration strategy, and the launch of its Phase 1 exploration program in Nayarit, Mexico.

A pesar de que incrementaron los accidentes en la empresa Minera Fresnillo PLC de 87 a 147, de 2012 a 2013, su gravedad disminuyó, aseguró Gustavo Barrios Serrano, dirigente del sindicato minero.