Category: Exploration and Development

For the first time in 75 years Mexico is ready to allow foreign oil extraction for finding its rich natural resources.

Precipitate Gold Corp. is pleased to report results from ongoing due diligence work related to the Cecilia Project in Northeastern Sonora state, Mexico. Precipitate has the right to elect to proceed with an option to earn a 100% interest in the project. Due diligence work completed to date has included, but is not limited to: bottle roll test work, the acquisition and evaluation of previously unattainable historic drill core and reports from prior operators, review of the property’s concession and surface title rights, environmental/archeological evaluation, and surface and underground channel and grab sampling programs. The due diligence period expires October 24, 2013.

Precedent-setting case could bring more accountability to Canadian industry abroad.

DynaResource, Inc. is pleased to announce that DynaResource de Mexico S.A. de C.V., the 100 % owner of the San Jose de Gracia Property in northern Sinaloa, Mexico, received on September 30, 2013 from the Secretaria de Medio Ambiente Y Recursos Naturales, the Federal Environmental Authority in Mexico, the approval and permission which allows for the exploitation and mining activities at the San Pablo Area of SJG. Under the terms of the Semarnat Exploitation Permit, DynaMexico will be restricted to conducting exploitation activities within the San Pablo Area of SJG (as defined in the Map of the San Pablo area as submitted to Semarnat).

Tarsis Resources Ltd. is pleased to announce exploration and assay results from its Yago gold-silver property, located in Nayarit State, Mexico.
During August 2013, a focused orientation was conducted at two historical locations referred to as La Tejona and La Sarda within the central and northern parts of the property, respectively. At both sites, previously reported vein zones were re-exposed and channel samples were collected using a diamond blade rock saw.

Excalibur Resources Ltd. is pleased to announce that it has signed an Addendum to the September 22, 2010 Joint Venture Agreement whereby its 49% owned subsidiary Minera Catanava de C.V. will acquire 100% of the Pinos District mining claims held by its 51% partner Minera Apolo de C.V. in exchange for the forgiveness of the $2 million loan that Excalibur has provided to finance the construction and operations of the 150 tpd plant at Catanava. Apolo will receive 2 million shares of Excalibur upon the completion of the transfer of the mining claims, when signed, notarized and registered in the Public Mines Registry in Mexico City. Excalibur will also begin to pay rent of US$8,000 per month on the old tailings pond area for which the surface land title is held by Apolo, after Catanava begins to generate US$100,000 dollars per month in positive cash flow. Finally, Catanava agrees to increase the production output in the existing plant to a target of 600 tpd over the next three years.

Santacruz Silver Mining Ltd. reports additional results from its ongoing 2013 diamond drill program at its San Felipe project in Sonora State, Mexico. Drilling continues to focus on the La Ventana, Las Lamas and Transversales veins.

Avino Silver & Gold Mines Ltd. today announced that it has now drifted along the San Gonzalo vein for over 200 metres to the northwest and 240 metres southeast of the main crosscut across from the ramp on level 5. The San Gonzalo Mine is located on the Avino property 80 km north east of Durango, Mexico.

Levon Resources Ltd. is pleased to report resumption of Phase 4 drilling at the Company’s wholly owned Cordero project. An initial 14,000 metres of core drilling is planned to test the recently acquired Aida claim, located in a central part of the Cordero resource. Levon’s purchase of the Aida claim consolidates the Company’s ownership of 100% of the mineral rights in the district. The current Indicated mineral resource at Cordero includes 364 million (M) oz of Ag, 945,000 oz of Au, 6.1 billion (B) lbs of Zn, and 3.3B lbs of Pb [contained metal] (US $6 NSR cutoff grade was used, calculated at $25/oz Ag, $1.00/lb Zn and Pb. Gold was included in the tabulations based on areas within the resource which have higher gold grades). The indicated plus inferred resources are described in Levon’s updated resource report (as amended May 10, 2013) for the Cordero Project completed by Independent Mining Consultants in collaboration with M3 Engineering and Technology of Tucson, AZ.

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. Almaden has commenced an infill drilling program with two of the three rigs currently drilling on the project. The infill program has been designed to upgrade resources currently in the inferred category to the higher confidence measured and indicated categories. At the same time one drill rig is focussed on step out drilling to expand the resource. The holes announced today show the continuity of high-grade gold silver veining in the north-south Chemalaco zone defined with previous drilling. Highlights from the holes released today include the following intercepts.