Category: Exploration and Development

Sierra Iron Ore Corporation is very pleased to announce that it has received the final local, state, and federal permits required to initiate production on the El Creston property. These permits include the Environmental Impact Statement from the Environmental Protection Authorities (SERMANAT) and the Change of Land Use permit.

First Majestic Silver Corp. is pleased to announce that the Company’s new 1,000 tonnes per day cyanidation circuit at its Del Toro Silver Mine in Zacatecas, Mexico began initial production of silver doré bars on November 20, 2013.

Primero Mining Corp. is pleased to announce results of recent drilling at both its San Dimas mine and its Cerro del Gallo development project in Mexico.

San Marco Resources Inc. is pleased to announce that additional drilling is planned at La Buena and likely to continue prior to the Christmas break with results expected in Q1 2014. San Marco is also pleased to announce the appointments of Mr. Andrew B. Carstensen as a Director and Sophie Taylor as Manager, Corporate Communications.

Exeter Resource Corporation is pleased to announce an update of exploration activities at the La Buena property in northern Zacatecas state, Mexico. La Buena is an 8,500 hectare property, located 9 km north of Goldcorp’s Peñasquito mine. Since mid-September, initial diamond drilling and a recently completed gravity survey have built on previous work that outlined geological, geochemical and geophysical similarities to other mineral deposits in the area. Results from this recent phase of exploration, which continue to support a model similar to Peñasquito and Camino Rojo, have identified additional prospective drill targets.

International Northair Mines Ltd. is pleased to report that it has completed a surface trenching program as part of its ongoing surface exploration program at its La Cigarra silver project, located in north central Mexico.

San Marco Resources Inc. and, Exeter Resource Corp. continue to explore the Company’s 8,500 hectare La Buena property, located 9 km north of Goldcorp’s Penasquito mine in northern Zacatecas State, Mexico. Initial diamond drilling and a recently completed gravity survey builds on previous work that outline geological, geochemical and geophysical similarities to other mineral deposits in the area. Results from this recent phase of exploration, which continue to support a model similar to Penasquito and Camino Rojo, have identified additional prospective drill targets.

Excalibur Resources Ltd. is pleased to report sample results from the recently initiated development of the Natas Vein at its 49% Catanava Property (60% pending the closing of October 8, 2013 deal with Minera Apolo), after recent work in the mine confirmed the continuity of high-grade gold-silver mineralization in this area. This vein is exposed at surface less than 100 meters east of the plant and will be connected with the southwest extension of the Camino adit. It was first mapped and sampled in 2012 by the Company with good results.

Cayden Resources Inc. is pleased to announce results from the company’s ongoing core drilling program at the El Barqueño Gold Property in Jalisco State, Mexico.
Drilling highlights include 16 meters of 5.89 g/t Au (including 2 meters of 38.05 g/t Au) in hole 14, 10 meters of 5.88 g/t Au in hole 10 and 20 meters of 1.79 g/t hole 13.

Azure Minerals Limited is pleased to announce diamond drilling is underway at the Cascada copper prospect and associated porphyry copper targets on the Promontorio Project located in the state of Chihuahua, Mexico.