Category: Exploration and Development

Se expulsará a las últimas 20 familias que durante dos años se negaron a dejar Mazapil. Autoriza la Semarnat explotar cobre a cielo abierto en Zacatecas
Minera Tahuaya espera extraer diariamente 43 toneladas métricas de cobre catódico de alta pureza. Cada año utilizará en sus procesos 97 mil toneladas de ácido sulfúrico y 850 de explosivos.

The community of Dickinson, N.D., and Fisher Industries lost a leader and friend Dec. 17 with the death of Gene Fisher. He was 84.

Defiance Silver Corp is pleased to announce that it has decided to focus its efforts on the exploration and expansion of the San Acacio silver mine in Zacatecas for which Defiance has an option to acquire a 100% interest. The San Acacio Mine controls over 65% of the Veta Grande Vein which has historically produced in excess of 200 million oz. of silver. In addition to its current resource within the existing mine workings, Defiance has outlined a number of targets that based on historical drilling and sampling results, appear to be both larger and higher grade than initially anticipated.

Marlin Gold Mining Ltd. has completed construction of the mine infrastructure, laboratory, and other support mine buildings at its La Trinidad Mine in Sinaloa, Mexico. In addition, mechanical completion of the crushing plant and conveyor stacking system, ADR, carbon processing and refinery are materially complete. Electrical installation is in process.

Tarsis Resources Ltd. was notified on December 18th, 2013, that Osisko Mining Corporation, who agreed to option out the Erika Gold Project in Guerrero State, Mexico, will not be continuing with its option to explore at the Erika property and Tarsis will maintain its 100% ownership of the project.

Riverside Resources Inc. is pleased to announce that through its wholly owned subsidiary, Riverside Resources Mexico, S.A. de C.V., the Company has signed an agreement with Paget Southern Resources S. de R.L. de C.V., a wholly owned subsidiary of Pembrook Mining Corp., granting Paget the option to earn up to a 100% interest in the Coatan Gold Project. In order to earn an initial 70% interest, Paget will have to incur $1,800,000 in exploration expenditures over four years and make $27,460 in cash payments to Riverside. Upon exercising the Initial Option, Paget will have the option to acquire the remaining 30% by paying $1,500,000 in cash to Riverside within one year. In the event that Paget acquires a 100% interest in the Project, Riverside would retain a 2% Net Smelter Return royalty, or if either party’s interest falls below 10% it will be converted to a 2% NSR.

Lowell Copper Ltd. and Minaurum Gold Inc. are pleased to announce that they have entered into a binding letter agreement in respect of, among other things, the grant of an option on Minaurum’s Santa Marta VMS project in Oaxaca, Mexico.

Amarium Technologies Inc., through its wholly owned subsidiary Amarium Minerals Inc., reports that the Company has approved upgrades to their mill at the San Pedro Copper Mine in Michoacan, Mexico. The flotation mill at the San Pedro Mine currently has a capacity of 20 tons per day, but after upgrades the mill will have a capacity of 200 tpd and will be expandable to 500 tpd. Amarium management stated that the upgrades to San Pedro are to begin immediately.

Cayden Resources Inc. is pleased to announce that it has received the final payment of $7,872,000 USD from its February 1, 2013 land sale which is now complete. In that sale, Cayden’s Mexican subsidiary sold approximately 23% (3,997 hectares from the original 17,076 hectares) of its “Morelos Sur Concession” to a subsidiary of Goldcorp Inc. for a total of $15,744,000. The exact boundaries of the sold portion were varied somewhat as part of the final completion documents.

Big North Graphite Corp. announces that the Company has entered into a letter of intent with MAG Exploration Services Inc. to acquire all of the shares of Grafito de Mexico, S.A. de C.V., held by the Vendor (which shares represent 97.5% of the issued and outstanding share capital of Grafito. Grafito is the registered and beneficial owner of the El Tejon property, a past producing flake graphite mine.