Sierra Iron Ore Corporation is very pleased to announce that it has received all of the preliminary local, state, and federal permits required to initiate production on the El Creston property. These permits include the Environmental Impact Statement from the Environmental Protection Authorities (SERMANAT) and the Change of Land Use permit.
Mexus Gold US is a gold, silver and copper exploration company focused on projects in the Western United States and Northern Mexico. Mexus Gold US and its subsidiaries Mexus Enterprises S.A. de C.V. and Mexus Gold Mining S.A. de C.V. have several mining operations in Mexico. Mexican operations include the San Felix Mine; the Mexus-Atzek Mine, a joint venture agreement with Atzek Mineral S.A. de C.V.; the Julio Mine and other prospective areas awaiting additional exploration and evaluation. Mexus Gold Mining S.A. de C.V. and Mexus Enterprises S.A. de C.V. employ over 60 people and utilize third-party consultants and geologists to assess its mining exploration and operations for gold and other precious metal values. Founded in 2009, Mexus Gold US is committed to protecting the environment, mine safety and employing members of the communities in which it operates. For more information on Mexus Gold US, visit mexusgoldus.com.
Fortuna Silver Mines Inc. announced today that construction and commissioning of the processing plant’s expansion project to 1,800 tonnes per day at the San Jose Mine in Oaxaca, Mexico has been completed on-time and on-budget. The plant expansion capital expenditure was US$9 million and the mill is now operational at 1,800 tpd. Fortuna is on schedule to meet its annual production guidance of 4.5 million ounces of silver and 23,600 ounces of gold or 5.9 million ounces of Ag Eq* in 2013.
Torex Gold Resources Inc. is pleased to report that results of its new exploration drilling program intercepted high grade Au-Ag-Cu mineralization over significant widths, beyond the recently published Media Luna Inferred Resource. Highlighted intercepts in Media Luna, but outside of the resource area, include 12.96 g/t Au Eq. over 10.8m in borehole NWZML-05 and 10.26 g/t Au Eq. over 6.6m in borehole NWZML-01B. In Media Luna West, significant intercepts include 9.81 g/t Au Eq. over 4.8m in borehole MLW-22 and 4.40 g/t Au Eq. over 14.9m in borehole MLW-03A. In the La Fe area, approximately 2 km northwest of the Media Luna resource area, reconnaissance borehole SS-07 intercepted 3.96 g/t Au Eq. over 6.1m.
Mexus Gold US, Mexus Enterprises S.A. de C.V. executed a contract on September 19, 2013 with Bylsa Drilling S.A. de C.V. of Hermosillo, Sonora, Mexico to do a reverse circulation drilling program on our newly acquired San Felix Mine Concession.
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
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