Sierra Metals Inc. is pleased to announce that mill capacity at its Bolivar copper-zinc-silver mine has been doubled to 2,000 tonnes-per-day from 1,000 tonnes-per-day.
Mammoth Resources Corp. is pleased to announce results from bottle roll tests on 23 drill hole samples from the 2008 Masupari Gold drill program (refer to the company’s press release dated July 27, 2013, or the company website for drill locations) and 5 surface samples from the Los Carneritos target area on the company’s Tenoriba project in the Sierra Madre precious metal belt in southwestern Chihuahua State, Mexico.
Garibaldi Resources Corp., active year-round with projects in Mexico and British Columbia, is pleased to provide the following exploration and corporate update.
Argentum Silver Corp. has received assay results from a recent trenching program on its 100% owned Coyote property in Jalisco, Mexico. Surface trenching has extended the main El Tajo vein for an additional 375 meters to the south along strike. Mineralization at the El Tajo vein remains open at depth and along strike to the south. The trenching also exposed 2 new zones on the La Valenciana vein, one over 350 metres in strikelength and a second over 600 metres in strikelength.
Candente Gold Corp. is pleased to report on historic metallurgical test work results from the Mexico Mine tailings which indicate potential for encouraging precious metal recoveries. A summary of the detailed metallurgical test work results can be found in a NI 43-101 F1 amended technical report on the El Oro property in Mexico filed on September 25th, 2013 (www.sedar.com).
US Precious Metals, Inc. in conjunction with our its Joint Venture partners Mesa Acquisition Group LLC/Alba Petroleos De El Salvador Sem De Cv, is pleased to announce the immediate commencement of Phase II development on its Michoacán, Mexico property.
Oceanus Resources Corporation is pleased to announce that diamond drilling has intersected high-grade gold and silver mineralization at both the Santo Nino and Dos Hermanos gold-silver prospects located on the La Lajita property in Durango, Mexico.
Bearing Resources Ltd. is pleased to announce that Minera BRG, S. A. de C.V., Bearing’s wholly owned subsidiary, has entered into a Venture Agreement with Newmont de Mexico, S.A. de C.V , a wholly owned subsidiary of Newmont Mining Corporation allowing Newmont to earn up to an 80% interest in Bearing’s 100% owned Pedro Property located near the town of Mapimi in northeast Durango State, Mexico.
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 Northern Branch of the Main Ixtaca high grade zone defined with previous drilling. Highlights from the holes released today include the following intercepts (a more complete list of intercepts is shown in the table below):
Southern Silver Exploration Corp. has received notice from Freeport-McMoRan Exploration Corporation that its affiliate has acquired an interest in mineral rights within the area of interest under the Earn-In Agreement between Southern Silver and FMEC and has offered to include its interest in the El Sol Concession under the Earn-In Agreement. Southern Silver has accepted the offer and FMECs interest in the 63 hectare El Sol Concession will be incorporated within the agreement, whereby FMEC holds an option to earn a 70% indirect interest in the project by making staged purchase payments and funding exploration and development expenditures of $25 million on the project over a ten year period. FMECs interest in the El Sol Concession is an option to acquire a 100% interest for cumulative payments of $2 million, payable over a three year period. To the extent paid by FMEC, these will be counted as a credit towards its earn-in of the Cerro Las Minitas project.
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