Ryan Gold Corp. announces that it has amended the option agreement with respect to the sale of the Company’s Los Jarros and Jarros Norte Properties in Mexico. Under the current closing terms Minera Frisco SAB de CV has purchased the Properties by making a final US$1.35 million payment to Minera Valdez SA de CV, the Company’s 100% owned subsidiary.
Mexican based Grupo Mexico Mining Company has taken delivery of its first 350 tonne Terex AC350/6 All Terrain crane from the manufacturers distributor Magamek.
Bacanora Minerals Ltd. is pleased to announce that it has acquired by staking an additional block of ground surrounding the Company’s La Ventana lithium deposit and the El Sauz and Fleur concessions that are under joint venture with Rare Earth Minerals PLC. The Company has entered into a Memorandum of Understanding with REM that allows REM to participate in exploration and development of Megalit, as well as the Company’s Buenavista and San Gabriel concessions.
Amarium Technologies Inc., through its wholly owned subsidiary Amarium Minerals Inc., reports that the Company is nearing completion of a gold and silver property acquisition. The target property is located in Mexico with significant surrounding infrastructure already in place and has historical production.
Highlights
In September 2013, a new cone crusher was installed.
In October and November 2013, 3 – 4 tons of ore were processed per hour or approximately 20 tons per day (based on 6 hours per day).
Two grades of concentrate have been internally estimated using the mine laboratory (43-101 Non-Compliant) inventoried as follows: (i) 1.6 tons grading between 544 g/t gold and 2,058 g/t gold and (ii) 0.46 tons grading between 146 g/t gold and 1318 g/t gold.
Mining operations have advanced more than 725 meters in 7 adits.
Currently focused on the new high grade Natas gold vein, the closest adit to the plant and another wider vein that can produce good grades and tonnages.
In October 2013, Excalibur entered into a second addendum with Minera Apolo S.A. de C.V. to increase the Company’s ownership in Minera Catanava de C.V. from 49% to 60%.
GoGold Resources Ltd. has signed a definitive agreement with Animas Resources Ltd. to buy the past producing Santa Gertrudis Gold Mine located in Sonora Mexico. GoGold will acquire 100% of the Animas Mexican subsidiaries which hold the titles to the Santa Gertrudis Gold Mine. GoGold has completed its due diligence. The definitive agreement is subject to all necessary regulatory approvals.
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.
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