Category: Exploration and Development

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 35.5 meters of 1.62 g/t Au, 214 g/t Ag, and 0.66 % Cu in hole 15, 18 meters of 3.38 g/t Au in hole 21 and 10 meters of 4.4 g/t Au in hole 24. Hole 25, the furthest hole drilled in the northeast part of the Zapoteca structure, hit three different intercepts of stock work mineralization including 27 meters of 1.16 g/t Au starting at surface.

Goldgroup Mining Inc. is pleased to announce that the Company has produced 285 ounces of gold from the initial gold production in December 2013 from its Cerro Prieto heap-leach mine located in Sonora, Mexico. Goldgroup is also pleased to announce that the Cerro Colorado mine, which is also located in Sonora, Mexico, continues to leach gold and the Company expects this to continue well into 2014.

Brigadier Gold Limited has signed the Definitive Agreement with Santa Fe Metals Corp. that sets out the terms and conditions under which Brigadier will acquire a 100-per-cent undivided right, title and interest in the Cuatro Cienegas mineral property in Mexico.

Santa Fe Metals Corp. announces that, having received shareholder approval for the proposed sale of its Cuatro Cienegas property at the Company’s Annual General and Special Meeting held on December 19, 2013, Santa Fe has now signed a Definitive Agreement with Brigadier Gold Ltd. for that sale.

IMPACT Silver Corp. is pleased to announce second phase drill results from the San Juan Project, located 150 meters north of its producing Noche Buena Mine and four kilometers southwest of its 500-tpd Guadalupe Production Centre. The San Juan Project area encompasses a series of large old mine workings containing multiple working levels that previously exploited the gold-rich Carlos Pacheco Vein within the Valle de Oro sub-district of the Royal Mines of Zacualpan Silver-Gold District of central Mexico.

Casi el 50 por ciento de la superficie de la entidad cuenta con un alto potencial minero de acuerdo al estudio, “Modelo de Aptitud Minera del Estado de Durango”, que le fue entregado al gobernador Jorge Herrera Caldera por parte del Servicio Geológico Mexicano.

Virgin Metals Inc. announced today the sale of their Cuatro Hermanos project in Sonora Mexico to Insumos Y Fertilizantes Agricolas Sacramento S.A. De C.V. a privately held corporation with head office in Culiacan, Sinaloa, Mexico. The project was purchased for $1,500,000 in cash payable immediately upon the close of the transaction. The transaction has been approved by the TSX Venture Exchange.

VVC Exploration Corporation is pleased to announce that the December 6, 2013 edition of the Juarez Journal in Juarez, Chihuahua State, MX., reported that the head of the National Commission of Natural Protected Areas, Luis Fueyo MacDonald, “promised to make adjustments to the Program Management Protected Area to allow Samalayuca Copper Mining Company to start exploration and exploitation of their Kaity claim.” The property is located in northern Chihuahua State, MX., approximately 60 km to the south of Juarez. This is one of the last hurdles in our process of obtaining all the necessary permits for the start of production at the Samalayuca copper project.

UC Resources reports that mill operations at the Company La Yesca site have been closed during the Christmas holiday season and will be kept on temporary hold in a state of care and maintenance. In the new calendar year the Company will prepare for Hard Rock mining at its Xora Concession. With reducing silver prices and the grade that exists within the tailings on site, it has been determined that a concentration on the higher grade material is the best choice for Company profitability. The Company cannot continue to consistently lose capital though arduous efforts in an attempt to get mill operations running effectively, using the existing feed at the La Yesca location. The Company has not been able to run the mill at La Yesca profitably and with poor precious metal market conditions, depressed gold and silver pricing and lower recoveries from the tailings themselves, Company focus has shifted to the higher grade hard rock material.

Mexus Gold US announced today that progress at the San Felix is being made. Paul Thompson stated, “We have a couple of options we are looking at for the San Felix project both of which will be extremely beneficial to the long term outlook of the company.” On December 21 and 22, Mr. Thompson met with four representatives from a Nevada mining company. There are currently six parties negotiating for the San Felix property.