Mexican drug cartels looking to diversify their businesses long ago moved into oil theft, pirated goods, extortion and kidnapping, consuming an ever larger swath of the country’s economy. This month, federal officials confirmed the cartels have even entered the country’s lucrative mining industry, exporting iron ore to Chinese mills.
Almaden Minerals Ltd. is pleased to announce the results from Almaden’s ongoing 2013 Ixtaca Zone drill program at the Company’s 100% owned Tuligtic project, Mexico. The infill program has been designed to upgrade resources currently in the inferred category to the higher confidence measured and indicated categories. The holes announced today show the continuity and high grades of the Main and Northern zones defined with previous drilling. Highlights from the holes released today include the following intercepts (a more complete list of intercepts is shown in the table below):
Minera del Norte S.A. de C.V., (Minosa), filial de Altos Hornos de México, suscribió un acuerdo con la israelí Aqwise para la construcción de una planta de tratamiento de aguas residuales para su Unidad Cerro de Mercado, productora de mineral de fierro localizada en la ciudad de Durango.
El autor Isidro Hernández Pompa, gracias a su experiencia profesional como perito minero y como empresario minero durante más de 45 años, e inspirado en compartir sus conocimientos sobre las tradiciones y la admirable valentía de los gambusinos y mineros de México, ha publicado su libro Gambusinos y mineros mexicanos, una narración sintetizada de los mineros y la industria minera mexicana.
Southern Silver Exploration Corp. reported today that Freeport-McMoRan Exploration Corporation has provided to Southern Silver $250,000 which was utilized to pay the November, 2013 periodic option payment to the optionor of the Cerro Las Minitas mineral concessions in Durango State, Mexico. To date $2.5 million has been paid from funds provided by Southern Silver and FMEC towards a total purchase price of $4 million with the balance payable as follows:
Goldgroup Mining Inc. is pleased to announce that it has completed the movement of its crushing system from the Company’s 100%-owned Cerro Colorado mine and has now completed installation at its 100%-owned Cerro Prieto project which is located approximately 200 kilometers away in Sonora State, Mexico.
Bacanora Minerals Ltd. is pleased to announce that it has received analytical results for alkali metals and alkali earth metals from drilling conducted on the El Sauz and Fleur concessions under joint venture with Rare Earth Minerals PLC. The additional analytical data is being used by the Company to declare new inferred resources for potassium, rubidium, cesium, magnesium and strontium within the resource previously estimated for lithium.
Animas Resources Ltd. has signed a letter of intent with GoGold Resources Inc. to sell the Santa Gertrudis Gold project to GoGold. GoGold is a TSX-listed Canadian-based mineral resource company currently putting the Parrall tailings project into production in Mexico, and capitalized with approximately $50 million in available cash.
Paramount Gold and Silver Corp. today announced that two core rigs have begun drilling on its 100%-owned San Miguel Project, Mexico. The main objectives for the program are to: (1) add resources at two new high priority exploration targets; (2) acquire material for further metallurgical testing of heap leach processing; and (3) upgrade inferred resources to measured and indicated.
Fortuna Silver Mines Inc. is pleased to announce assay results for the initial step-out drilling of the Trinidad North discovery located adjacent to the San Jose Mine in Oaxaca, Mexico. Three drill holes have been completed to-date with assay results currently being available for the first two drill holes, representing step-outs of approximately 80 and 150 meters from prior drill holes.
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