Category: Exploration and Development

Mexus Enterprise heap leaching continues to produce gold. Our RC drilling program on the newly acquired San Felix is going as planned with 5 holes completed with near surface intercepts from 78′ to 126′ thick mineralized zones found, the drilling will continue. The San Felix mine is known to have been mined underground by the Spaniards some 350 years ago to a depth of 300′. Some of the old workings are open today. Up until recent times, mining anything under two ounces per ton was not considered economically feasible. Mexus will use contract miners that already have the necessary equipment needed to mine 6000 tons a day. Recent assay show 0.300 to 11.430 grams per ton gold and 18.16 grams per ton silver with an average of 2 grams per ton gold. Although our drilling shows great potential, Mexus is considering all options at this time.

MAG Silver Corp. announces that its joint venture partner and project operator, Fresnillo plc, has commenced underground development at the Juanicipio project located in the Fresnillo District, Zacatecas State, Mexico. Portal area preparation is in the final stages of completion and a continuous miner is planned to start excavating the uppermost part of the access ramp (see photo below). The initiation of underground work follows a year of engineering, hydrological and environmental studies in support of required permits, all of which are now in hand. The underground work is being carried out under a previously approved initial development budget that includes the commencement of the first 2,500 metres of ramp advancement. The Juanicipio Project is held in Minera Juanicipio S.A. de C.V. (“Minera Juanicipio”), a Mexican joint venture company owned 44% by MAG and 56% by Fresnillo.

Tonogold Resources, Inc. is pleased to announce that it has today entered into an exclusive option agreement with Mil-Ler Resources and Energy SA a private Mexican mining and exploration company to acquire up to 34% equity interest in MIL-LER in two tranches of $5 million each for a total investment of up to $10 million.

Amarium Technologies Inc., through its wholly owned subsidiary Amarium Minerals Inc., reports that the Company has scheduled additional copper shipments to the Asian market, due to increased sales orders from Anglo-Asia Resource Partners. Amarium is currently organizing shipping and production schedules at both the Jovita and San Pedro Mine facilities to ensure the Company successfully fulfills the new sales orders. Anglo-Asia Resource Partners is a private Hong Kong partnership that is focused on procuring precious and base metals for the Asian market’s manufacturing and industrial supply chain.

Mammoth Resources Corp. is pleased to announcethat is has begun a ground Induced Polarization (IP) and Magnetometer(Mag) geophysical survey over select areas of the company’s Tenoribaproperty, located in the prolific Sierra Madre precious metal belt insouth western Chihuahua state, Mexico.

Alta Vista Ventures Ltd. is pleased to announce that it has signed a Letter of Intent with Tosca Mining allowing Tosca to acquire a 100% interest in the Carol Property located in southern Sonora State, Mexico.

Precipitate Gold Corp. is pleased to announce that it has completed its due diligence review and has notified Gunpoint Exploration Ltd. of its decision to proceed with the option to acquire a 100% interest in the Cecilia Project in Sonora, Mexico.

Oremex Silver Inc. announces that the Company and its wholly-owned Mexican subsidiary, Minera Mantos S. de R.L. de C.V., have entered into an agreement with First Majestic Silver Corp. pursuant to which the Company and Minera Mantos will grant to First Majestic an option to acquire, through a wholly-owned Mexican subsidiary, each of (i) an undivided 100% registered and beneficial title to the Company’s Chalchihuites mineral exploration property and (ii) all of the right, title and interest of the Company in the Navidad mineral exploration property as at the time of the exercise of the Company’s option in relation thereto in exchange for the aggregate option payment of $1,500,000. Oremex considers the Properties to be non-core assets of the Company.

Gunpoint Exploration Ltd. is pleased to announce that Precipitate Gold Corp. has completed its due diligence review and has notified Gunpoint of its decision to proceed with the option to acquire a 100% interest in the Cecilia Project in Sonora, Mexico from Gunpoint.

First Majestic Silver Corp. is pleased to announce that further to its news release on September 30, 2013, the Court of Appeal has dismissed the appeal of Hector Davila Santos and Minerales y Minas Mexicanas, S.A. de C.V.