Category: Exploration and Development

Westminster Resources Ltd – Sierra Target Discovery

The Company reports that its field crews have made a discovery on its 100% owned El Cobre property Sonora, Mexico. The new Sierra Target consists of hydrothermal breccias, with diatreme characteristics and occurs in Miocene volcanic units at an elevation of some 700 meters above, and further to the West of Westminster’s Montoso porphyry system currently being explored under option by Capstone Mining Corp. Seventeen hand samples were collected and assayed using various ore grade methods which determined an average grade of 4.8% copper, 101 g/t silver (400 g/t cutoff) and 4.4 g/t gold. The slabbed rock samples contained no obvious sulphides but were rich in barium and iron (hematite ranging from about 3% to 12% Fe). The accompanying table shows the highest contents of silver assayed 1,479 g/t (47.4 oz/t), gold 21.79 g/t (0.69 oz/t) and copper 10.2% with these values reported from 3 different samples. These breccias also appear to be rich in bismuth, mercury and tungsten and represent a new deposit type for the Company’s Sonora properties.

Brillan oro y plata en mina ocoteca

La compañía Minera Fortuna Silver Mines Inc., propietaria de la minera Cuzcatlán, que se ubica en esta localidad, está de plácemes toda vez que sus taladros han descubierto nuevas presencias de plata y oro en la zona donde trabaja en este momento.

Surface Drilling Begins at San Martin

Starcore International Mines Ltd. The company is very pleased to report that Major Drilling de Mexico S.A. de C.V. has arrived on site and has begun a 5,000 meter phase 1 surface drilling program. This program is separate from the continuing underground exploration and development within the San Martin mine. The mine operates three underground drill rigs to provide information to assist with mine planning in addition to exploration, with the intent of increasing the reserves and resources on the property.

Minas mexicanas, en la mira de chinos

Más que invertir en proyectos exploratorios, a las empresas chinas les interesa comprar minas en operación, afirmó Humberto Gutiérrez-Olvera, presidente de la Cámara Minera de México (Camimex).

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