Category: Exploration and Development

Goldgroup Mining Inc. and Oroco Resource Corp. are pleased to announce that, further to the binding letter agreement between them, the Companies have now signed a formal purchase agreement for Goldgroup to purchase from Oroco a 100% interest in the Cerro Prieto Project. The closing of the transaction is subject to approval by the shareholders of Oroco and the TSX Venture Exchange as well as standard closing conditions.

El nuevo delegado en Sonora, Ulises Cristópulos, informó a Dossier Político que ya investiga la denuncia de los ejidatarios hecha pública en este medio, “los ejidatarios en una parte de la mina tienen derecho a la extracción de metales; de detectar alguna irregularidad, las sanciones serían desde una multa económica hasta la cancelación de operaciones de la mina”…

First Majestic Silver Corp. is pleased to announce that the Company’s new 1,000 tonnes per day (tpd) flotation circuit at its Del Toro Silver Mine in Zacatecas, Mexico reached phase one commercial production on April 1, 2013.

Most junior explorers face the same quandary. They own a prospective project, or perhaps several, but have no sources of income, which means finding the funds to explore their prospective lands is a constant struggle.

Red Tiger Mining Inc. announces that it has resumed operations at its Luz del Cobre mine in State of Sonora, Mexico. Luz del Cobre had been under an illegal blockade commenced by the Ejido (land owners) of San Antonio de la Huerta.

SilverCrest Mines Inc. is pleased to announce results of further delineation drilling at the Santa Elena Mine in Sonora, Mexico. Since mid 2012, 132 drill holes have been completed to further expand underground resources and reserves.

Mexus Gold US is a company engaged in the evaluation, acquisition, exploration, development and production of mining properties and conducts salvage operations for the recovery of precious metals.

NSX Silver Inc. is pleased to announce assay results from its recently completed Phase 2 drilling program at its Dios Padre Silver Project located in Sonora State, Mexico. These results are from holes DP-17-2013 through DP-32-2013 which were drilled in and beneath the area of historic mining; both in the area of old pit and adjacent to the underground mine workings. Seventeen (17) drill holes were completed during the first quarter of 2013 for a total of 3,220 meters.

NWM Mining Corporation is initiating a drill program with the objective of adding mineral resources and mineral reserves at the Company’s Lluvia de Oro mine in Sonora, Mexico. The primary focus of the program will be to upgrade a significant portion of the currently defined inferred resources (approximately 200,000 ounces / 17,000,000 tonnes at 0.36 g/t Au)*1 at the Lluvia de Oro deposit to a status of measured and indicated mineral resources. The cost structure of the current mining operations indicates that these mineral resources can then be converted to mineral reserves. In addition, the drill program will also aim to define new inferred resources along strike from the currently defined mine reserves. An updated reserve/resource estimate is expected to be completed during the summer of 2013.

Scorpio Mining Corporation announces its planned 2013 exploration program, which will concentrate on developing new resources within and around the Nuestra Señora Mine and explore for new resources within its 100% owned 26,819 hectare land package in the Cosalá District, Sinaloa, Mexico.