Rare Earth Minerals (REM) was “optimistic” about the potential of the Fleur and El Sauz lithium concessions in Mexico as partner Bacanora Minerals filed a technical report on the maiden estimated resource.
Mammoth Resources Corp. is pleased to announce grab sample assay results for its most recent and its seventh exploration campaign on the company’s Tenoriba Property, located in the prolific Sierra Madre precious metal belt in south western Chihuahua state, Mexico.
Braeval Mining Corp. has received all necessary permits to commence diamond drilling on its Guaynopa project located in Chihuahua state, Mexico. The company also provides below an update on planned work on the recently acquired El Petate property located in Hidalgo state, Mexico, and for its Acropunco property located in Huancavelica, Peru.
Sierra Iron Ore Corporation is pleased to provide an update on the legal action in conjunction with “Aztec Zinc de Mexico S.A. de C.V” against a neighboring company that owns and operates a mine on adjacent property to the Mazomique property that is located south of the El Creston property.
Santacruz Silver Mining Ltd. reports that diamond drilling on the Transversales vein, at its San Felipe Project in Sonora State, Mexico has confirmed continuity of a new vein both along strike and to depth. The Transversales vein was originally discovered during a surface mapping program in 2011 and had never been drill tested until this current drill program. To date, 21 holes have been completed on the Transversales vein with assays received for eleven of these holes. Core logging of the remaining holes has confirmed that the vein has been intersected in the remaining holes but assays are pending. Based upon the drilling completed to date, the Transversales vein can be traced over a strike length of 200 meters and to a depth of 240 meters. It remains open along strike in both directions and to depth.
Big North Graphite Corp. is pleased to announce that the Company has completed a third consecutive month of amorphous graphite sales. The month’s sales totaled 197 tons, with the graphite screened to a ¾ minus product at the Company’s processing facility located in Sonora, Mexico. The finished graphite product was sold and delivered to a customer within Mexico. Further, the Company is nearing completion of its previously announced processing facility (see News Release dated April 22, 2013).
Catalyst Copper Corp. announces it has entered into a non-binding letter of intent with TeckResources Limited to modify the terms of an agreement dated April 9, 2013 for the acquisition of the La Verde project by Catalyst subject to completion of formal documentation and appropriate approvals, including TSX-Vapproval.
Minera Frisco, controlled by Mexican billionaire Carlos Slim, has been given the green light to search for gold in Mexico. In a controversial decision, Mexicos Ministry for the Environment and Natural Resources (Semarnat) approved an environmental study last week authorizing Friscos Las Espejeras mine to conduct gold exploration activities. The October 3 authorization, which does not include gold extraction, will last two years and begin this month.
Great Panther Silver Limited today announced that it has received the Environmental Impact Permit for its 100% owned San Ignacio Project in Guanajuato, Mexico. With the granting of the permit, the Company has commenced construction of a two-kilometre road to provide access to the new portal for ramp and mine development.
Excalibur Resources Ltd. is pleased to announce that it has signed a second Addendum to the September 22, 2010 Joint Venture Agreement whereby it will increase its ownership in the 49% owned subsidiary Minera Catanava S.A. de C.V. in Pinos, Zacatecas, Mexico by acquiring an 11% stake from the 51% of the common shares held by its partner Minera Apolo S.A. de C.V. for US$1,000,000 and a 2% Net Smelter Return royalty on anything produced in the Pinos District, excluding production from the existing Catanava area with the following conditions. Excalibur will make the cash payments in four installments of US$250,000 over 4 years after Catanava reaches full production of three shifts per day or after reaching production of at least 100 tpd, whichever comes first. Each of MASA and Excalibur will retain two of the four seats on the Board of Directors of Catanava and MASA will be represented with one seat of the five seats on the Board of Directors of Excalibur.
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