Arco Resources Corp. announces that due to ongoing concerns regarding access, it has elected to relinquish its Cuatro Venados property rather than continuing to pay ongoing tax and maintenance payments in order to reserve sufficient funds in its treasury to support its Taviche silver-gold project.
La India commissioning in progress – mining and pad loading are now underway with initial leaching expected to begin in October 2013. Commercial production is anticipated in the first quarter of 2014.
Quaterra Resources Inc. is pleased to announce that the Company has sold three properties in central Mexico to Goldcorp Inc. for a total cash consideration of US$375,000. Quaterra will retain a 2% net smelter returns royalty on each of the three properties, whereby the NSR is capped at USD$2,000,000 per property. In addition, Quaterra and Goldcorp Inc. have concluded a second amendment to the Investment Framework Agreement originally signed on February 10, 2010 and as first amended June 13, 2013.
Primero Mining Corp. is pleased to provide an exploration progress report on results of its program at its San Dimas mine and the plans at its Cerro del Gallo development project in Mexico. Year-to-date the Company has completed 65,392 metres of drilling at San Dimas and commenced drilling at Cerro del Gallo.
San Isidro surface samples generate spectacular values; first two shallow holes yield intercepts up to 2.8 g/T Au and 214 g/T Ag; structure traced for more than 4 km
Kootenay Silver Inc. is pleased to announce the resumption of drilling on its flagship Promontorio Silver Project in Sonora, Mexico. Two drill rigs have been deployed and are currently operating on site. The Company will conduct a minimum of 5,000 meters of drilling in the current phase, as part of its ongoing, multi-phase, 2013 drill and resource expansion program on Promontorio. Core drilling will target a series of high-grade silver intercepts recently identified within a new breccia zone of silver mineralization situated between the Pit and NE Zones.
Mexus Gold US, 50% owner of Mexus Enterprises SA de CV, releases cost projections per ounce gold equivalent mined from the San Felix Mine.
Almaden Minerals Ltd. is pleased to announce the results from Almaden’s ongoing 2013 Ixtaca Zone drill program at the Company’s 100% owned Tuligtic project, Mexico. The 2013 drill program to date has been focussed on expanding the resource immediately along strike and adjacent to the drilling used in the Company’s maiden resource estimate announced January 31, 2013. The holes announced today show the extension of the high grade volcanic hosted mineralisation discovered at the eastern limits of drilling and announced November 26th, 2012. This new drilling has traced the higher grade zone approximately another 20 meters to the east. The Company is currently drilling roughly 50 meters further from the holes announced today.
San Marco Resources Inc. is pleased to report that the first hole of the initial drill program at the La Buena project, Mexico, has commenced. This initial drill program is targeting the Julia zone at La Buena, which hosts a large scale, geophysical target, elevated rock geochemistry and prospective geology.
Excalibur Resources Ltd. is pleased to report the results of a mineralogical study on a composite sample from stockpiles of material obtained from old mine dumps produced during 19th century mining activities. Results of this study by Terra Mineralogical Services Inc., using similar methodology outlined in the 17th July, 2013 press release by Excalibur shows that the material is similar to samples processed from other veins, including San Gil and Camino and suggests that excellent gold and silver recoveries may be expected by gravity followed by flotation methods, the process route that is currently being established in the Catanava metallurgical plant.
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