Category: Exploration and Development

Tarsis Reports Drill Results From Erika Gold Project, Mexico

Tarsis Resources Ltd. has received a report detailing work carried out at the Erika property by the optionee who recently returned the project. During the work program, the optionee discovered a new and previously unknown zone of skarn alteration characterized by moderate hornfelsing in rocks of the Mezcala sedimentary sequence.

Fresnillo, Plc – Explosives Permits Update

Further to the information provided in Fresnillo plc’s production report on 28 January, the Company is pleased to announce that the district court has ruled that, following the hearing on 24 January, it has denied the request by the Ejido El Bajío to prevent the lifting of the explosives permit covering Herradura and Soledad

Evrim and ArcelorMittal Sign Five Year Exploration Agreement

Evrim Resources Corp. is pleased to announce that it has signed an agreement with ArcelorMittal Servicios Minerometalurgicos de Occidente S.A. de C.V., a wholly owned subsidiary of ArcelorMittal S.A., to explore for iron ore deposits in Mexico.

IMPACT Silver Announces Operational Changes at the Capire Production Centre; Will Process Gold and Copper

IMPACT Silver Corp. announces operational changes to the pilot plant operation at its Capire Production Centre in Mexico. After nearly one year of test production, the Company has made the strategic decision to process higher value gold and copper mineralization from the Carlos Pacheco/San Juan area and, at this time, suspend mining operations at the lower grade open-pit Capire Silver Mine. The larger Guadalupe Production Centre, located 16 kilometers to the north, will continue producing silver with lead-zinc by-products.

Oroco Wins Xochipala Appeal

Oroco Resource Corp. is pleased to announce that the Federal Tribunal of Mexico has granted the Company’s appeal of the decision of the lower Federal District Court and has ordered that all aspects of the 2011 Guerrero State Court auction of a 50% interest in the Celia Gene and a 100% interest in the Celia Generosa concessions be set aside. The decision of the Federal Tribunal confirms that the Company’s subsidiary, Minera Xochipala, S.A. de C.V., is the sole registered owner of 100% of each of the Celia Gene and Celia Generosa concessions and terminates the competing claim of Mr. Avinadain Bautista arising from the Court Auction of the Camacho Interest.

Excalibur: Catanava Update

Excalibur Resources Ltd. provides an update on theprogress at its 49% (60% pending completion of deal with MineraApolo) owned subsidiary Minera Catanava de C.V. The concentratetesting work, including assay results from a commercial lab, hasshown that we can produce a very good grade concentrate of between300 and 500 grams of gold per ton and around 1 to 2 kilograms silverper ton. Two samples of 400 grams of concentrates were sent for fireanalysis and plasma induction of 33 elements which were assayed atERSA Global Labs of Torreon, Coahuila, Mexico. The silver, as well asthe gold recuperation, will increase when flotation cells areinstalled which is planned for later this year. “Given theanticipated amount and logistics of producing concentrates, it ispreferable to pour dore, so a large tilt and pour dore furnace hasbeen ordered,” commented, Dr. Don McLeroy.

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