Category: Exploration and Development

Orex Minerals Inc. is pleased to announce that the results from trench channel sampling along a 750 metres strike-length of Loma Verde and an 850 metres strike-length of Santo Niño structures have been received on the Coneto Gold-Silver Project in Durango, Mexico. A technical committee, with representation of Orex and its project partner Fresnillo plc, is managing the Coneto exploration program.

Levon Resources Ltd. is very pleased to announce that the Company has entered into an agreement to purchase a 100% interest in the Aida mining claim, located in a central part of the Cordero Project claim block. Acquisition of the Aida claim consolidates Levon’s 100% ownership of all mining claims in the Cordero mining district, and represents a significant step in the Company’s advancement of the Cordero Project. “We are very pleased that we were able to finalize a fair agreement on the Aida claim,” said Ron Tremblay, President and CEO of Levon.

Raul Manriquez drops a pebble in a hole in the ground. We count the seconds until we hear the impact: eight. “This exploration hole is about 700 feet deep,” he estimates. There are 588 more holes around us in the Sierra la Laguna mountain in Mexico. We are standing on top of what could soon be a gold mine: an estimated 1.7 million ounces of gold worth more than $2 billion are embedded in the rocks under our feet. If state officials in Baja California Sur approve the project, the hills we are standing on will be turned inside out and become one vast open pit mine.

Minera Peñasquito-Goldcorp debe acatar la sentencia del Tribunal Unitario Agrario (TUA) y regresar las 599 hectáreas a los ejidatarios, sostuvieron los abogados de los 29 ejidatarios de Cerro Gordo, en Mazapil, Pablo Hugo Teniente Kerckoff y Alfonso Herrera Gómez.

Westminster Resources Ltd. has compiled results from five core holes drilled on the Montoso Target of the Company’s Cumbral-San Bartolo project in Sonora,Mexico. This portion of Westminster’s concessions is being explored through an earn-in Option Agreement with Capstone Mining Corp. who have 49% interest in the project having funded $3.3 million to date on exploration. A further contiguous 9,615 hectares of new mineral concessions have been added to the project.

Bell Copper Corporation announces that it, along with its wholly owned subsidiaries Rogue River Resources Corp. and Minera Montoro S.A. de C.V. which holds the La Balsa project in Mexico, have entered into a share and asset sale and purchase agreement with Binhhai Harbour Group HK Co., Limited and Mr. Jie Lu pursuant to which: (i) the Purchasers will purchase 100% of the issued and outstanding shares of Montoro; and (ii) Binhai will purchase from Rogue River the SXEW plant owned by Rogue River and which is being stored in Arizona.

Excalibur Resources Ltd. provides an update on the activities at its 49% owned subsidiary Minera Catanava de C.V. Since the plant manager started in February, he has been instrumental in analyzing the ore from the various veins and dumps in order to optimize plant operations. He has made many improvements including changing the wave table location, installing the cyclone classifier, changing the water pump and starter panel, preparing the concrete vats for the recycling of water from the tailings, various safety items(trip wires, signage, equipment guards, etc). The plant schedule is to complete the installation of the two new iCON concentrators, change the liners in the ball mill this week, followed by repositioning of the conveyor belts and the base for a new cone crusher, which should be installed in early August. Then, lighting will be installed in the plant building to accommodate a 2nd shift for a two 12 hour shift operation. Finally, flotation cells will be installed in the Fall to improve the recovery of silver.

Corex Gold Corp. is pleased to announce that Vale Exploraciones Mexico S.A. de C.V., a wholly-owned subsidiary of Vale S.A. has secured and mobilized a drill rig to its Santana Property.

San Marco Resources Inc. is pleased to announce additional results from the Company’s maiden exploration drill campaign at the Angeles property in northern Sonora state, Mexico.

Coeur Mining, Inc. announced results from a Preliminary Economic Assessment for its wholly-owned La Preciosa silver-gold project located in Durango state, Mexico. The PEA indicates an initial estimated mine life of 17 years recovering an estimated 134.5 million ounces of silver and generating a 17% after-tax internal rate of return using price assumptions of $25 per silver ounce and $1,500 per gold ounce.