Category: Exploration and Development

Sierra Madre Developments and Partner Riverside Resources Announce Additional Drill Results From El Capitan in Durango, Mexico

Sierra Madre Developments and its partner, Riverside Resources Inc. are pleased to announce additional drill results from the 2012 drill program at the El Capitan Target (a near surface, shallow dipping, oxide gold deposit), which forms part of the Company’s Peñoles Project in Durango, Mexico. Drilling in 2011 (18 holes) indicated potentially economic grade mineralization over significant widths (30 to 110 meters) and good continuity of the mineralized zone over a strike length of approximately 700 meters (referred to as the Main zone – see press release dated October 24, 2011). The El Capitan Zone is exposed in the side of a low ridge and most of the 2011 program consisted of inclined holes drilled from the top of the ridge at an azimuth of 030 degrees (perpendicular to the strike of El Capitan). The current program consists of an additional 20 holes (funded by Sierra Madre) designed to test the down dip extent of mineralization and provide sufficient drill hole density for an initial resource calculation.

Admite Frisco que mina de Tetela está cerca de zonas ambientales protegidas

A pesar que desde mayo la empresa Frisco ejecuta trabajos tendientes a explotar yacimientos de oro y plata en la región de Tetela de Ocampo, apenas hace 13 días solicitó a la Secretaría del Medio Ambiente y Recursos Naturales (Semarnat) el Procedimiento de Evaluación de Impacto Ambiental para el proyecto de exploración de la minera Espejeras.

Victory Resources Corp. Completes the Transaction for the El Boleo Property

Victory Resources Corp. is pleased to announce that it has completed the acquisition of the El Boleo property from Minera Copper Canyon S.A. de C.V. a private Mexican corporation. The transaction will allow the Company to acquire up to a 100% interest in El Boleo which is located adjacent to the historic Reforma Mine, the Santo Tomas Copper-Gold deposit, and in close proximity to the Bahuerachi Copper Deposit.

Impact Silver Intersects 8.47g/t Gold and 1.12% Copper Across 2.75m on the Carlos Pacheco Vein at Zacualpan, Mexico

IMPACT Silver Corp. is pleased to announce high grade gold and silver values from the 2012 drill program at the Carlos Pacheco Gold-Silver Project. The project is located in the Valle de Oro area, six kilometers southwest of IMPACT’s operating mill at Zacualpan, central Mexico. Fieldwork in the Carlos Pacheco area began in 2007 with a systematic mapping and rock sampling program followed by an initial drill program that cut high grade gold intersections of up to 19.6 grams per tonne (g/t) gold across 2.9 meters (m) including 49.7 g/t gold across 1.0 m (see IMPACT News Releases dated January 18, 2007 and December 4, 2008).

Preliminary Economic Assessment Underway on La Verde Copper Porphyry

Catalyst Copper Corp. advised that an initial draft of the Preliminary Economic Assessment on the La Verde copper porphyry deposit located in Michoacán State, Mexico initiated in early May 2012 by AMC Mining Consultants Ltd. of Vancouver was delivered to management at the end of June. Management and its financial advisors, Endeavour Financial Limited (of both Vancouver and London), have now completed their review and provided comments to AMC. Subject to final review, it is expected that report will be publicly released later this month.

Soltoro and Argentum Silver Drilling Intercepts 10 Metres of 117 g/t Silver and 2.3 Metres of 419 g/t Silver at the Coyote Project in Jalisco, Mexico

Soltoro Ltd. and Argentum Silver Corp. are pleased to announce assay results from 10 additional diamond drill holes recently completed on the La Florida and La Colorada veins at the Coyote silver gold property, located in Jalisco State, Mexico. These 10 drill holes represent the balance of a first phase 26 hole orientation drill program completed by Argentum Silver at Coyote.

Urastar Announces 1500m Core Drilling Program at El Antimonio Continues with Proposed 10000m Reverse Circulation Drilling Program

Urastar Gold Corp. is pleased to announce that it has entered into a contract for 1500m of core drilling in three (3) 500m holes at its flagship El Antimonio Property. Urastar also plans to complete the previously announced 10,000m reverse circulation drilling program at El Antimonio. To date, over 6700m has been drilled in 31 RC holes at El Antimonio. Results have been announced up to hole 24 and have returned several wide gold bearing intercepts including those summarized in the table below.

Solicita Frisco autorización de impacto ambiental por explorar mina en Tetela

Con el objetivo de “reconocer y evaluar los yacimientos de minerales (plata y Oro)”, la empresa Minera Espejeras, S.A. de C.V., subsidiaria de Minera FRISCO, propiedad de Carlos Slim, presentó finalmente ante la SEMARNAT el pasado 29 de junio un estudio para la autorización de impacto ambiental para el proyecto de exploración minera en Tetela de Ocampo.

Excellon Reports on Illegal Action and Union Vote at La Platosa

Excellon Resources Inc. reports that on Monday, July 9th, members of the Edijo de La Sierrita, assisted by the NGO group PRODESC and Sindicato Nacional de Trabajadores Mineros Metalúrgicos, Siderúrgicos y Similares de la República Mexicana which is affiliated with the United Steelworkers Union of Canada (USW) commenced an illegal action at the Company’s La Platosa Mine, located in Durango Mexico.

Aurcana Reports: Record Silver Production, up 54% at La Negra Mine; Update on Ramp-Up Phase at the New Shafter Mine

Aurcana Corporation is pleased to report silver production for Q2 2012 of 373,037 ounces compared to 257,508 in Q2 2011, the largest quarter for silver production in Aurcana’s history. Silver production for the second quarter of 2012 increased 44.9% compared to Q2, 2011. Silver Equivalent increased 54.0% to 689,275 for Q2 2012, compared to 447,533 in Q2 2011. Year to date silver was up 32.7% 660,253 in 2012 YTD, compared to 497,783 in 2011 YTD.

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