Category: Exploration and Development

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, Mexico’s Ministry for the Environment and Natural Resources (Semarnat) approved an environmental study last week authorizing Frisco’s 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.

Vista Gold Corp. today announced that it has signed a binding agreement to sell its debt and equity participation in the Los Cardones gold project in Baja California Sur, Mexico, to the Invecture Group for US$13 million.

Radius Gold Inc. is pleased to report that drilling has started at the Santa Brigida epithermal silver-gold property located approximately 80 kilometres east-northeast of the city of Guanajuato in Mexico.

Orex Minerals Inc. is pleased to announce that additional trenching and reconnaissance channel sampling have extended the target for over 1.6 kilometres strike-length on the Impulsora structures of the Coneto Gold-Silver Project in Durango, Mexico. Results from the northernmost 380 metres were released on 20 August 2013. The following results are in addition to the previously released results and are all to the southeast. A technical committee, with representation of Orex and its project partner Fresnillo plc (LSE:FRES) (“Fresnillo”), is managing the Coneto exploration program.

Azure Minerals Limited hereby advises that Fat Prophets, a Sydney-based financial services and investment research company, has released an independent research report on Azure’s recent discovery of the Cascada high grade copper-gold-silver deposit. Cascada is part of the Company’s Promontorio Project located in the Mexican state of Chihuahua.

La Semarnat recibió seis proyectos entre el 19 de diciembre de 2012 y el 4 de octubre de este año, pero sólo aprobó a Minera Frisco