Category: Exploration and Development

San Marco Resources Inc. reports additional results from surface and underground sampling at the Angeles property, Sonora State, Mexico.

Monterrey, México.- La Asociación de Ingenieros de Minas, Metalurgistas y Geólogos de México (AIMMGM) ha puesto sus ojos este año en Nuevo León, entidad donde pretende explorar en busca de minerales.

“Zacatecas es un buen lugar para hacer negocios con la minería”, afirmó Jaime Lomelín Guillen, presidente del Clúster Minero (Clusmin), durante su primera sesión anual, toda vez que a la fecha existe un seguimiento a 32 empresas proveedoras de la minería con interés de establecerse en el estado

Musgrove Minerals Corp. announces that Westridge Resources has canceled the Jazzy claims option agreement for the project in Sinaloa, Mexico originally announced on October 3, 2012.

Sierra Metals Inc. reports that the State Court of Chihuahua, Mexico has overturned a previously announced resolution of the 8th Civil Court of the Judicial District of Morelos in Chihuahua (the ¡°8th Civil Court¡±), which absolved the Company from the claims brought against it by Polo y Ron Minerals, S.A. de C.V. The State Court has ordered the Company to: (i) transfer 17 mining concessions relating to its Bolivar project to P&R; and (ii) pay USD$422,674 to P&R.

Bacanora Minerals Ltd. is pleased to announce the results of a positive Preliminary Economic Assessment on the Company’s La Ventana Lithium Deposit in Sonora, Mexico. In addition, Company announces the disclosure of new inferred lithium resources, which are estimated at 16,829,000 tonnes averaging 2,557 ppm Li (1.3% Lithium Carbonate Equivalent, “LCE”(1)), bringing the total for estimated inferred resources for the Project to 60 million tonnes averaging 3,000 ppm Li (1.6% LCE or 930,000 tonnes LCE).

First Majestic Silver Corp. is proud to announce that the Del Toro Silver Mine, located in the state of Zacatecas, Mexico, has achieved initial silver production.

Alamos Gold Inc. said Thursday there was no new information that would cause it to change its hostile offer for Aurizon Mines Ltd. (TSX:ARZ) following a formal rejection by the company’s board.

Almaden Minerals Ltd. is pleased to announce the remaining results from the 2012 drill program on the Ixtaca Zone of the Company’s 100% owned Tuligtic project, Mexico. Drilling confirmed the high-grade intersections previously announced on section 11+000E (see Almaden news release of November 26th, 2012) with a new intersection on this section of 60.50 meters of 2.21 g/t gold and 35.8 g/t silver (2.9 g/t gold equivalent). Mineralisation was also traced 50 meters further to the east with intersections on section 11+050E including 100.84 meters of 0.67 g/t gold and 7.5 g/t silver (0.8 g/t gold equivalent). Further drilling is planned to both expand known mineralisation and to define the new high grade zone seen on section 11+000E, the extent and orientation of which are not presently understood.

Prospero Silver Corp. is pleased to announce that it has signed option agreements enabling it to earn 100% of two additional claims, Sucara (71.53 hectares) and Dos Amigos (90.39 hectares), within the northern Cebollas target area of the Baborigame district. With these agreements in place the Baborigame district claim block is essentially 100% controlled and covers all exploration targets identified in the project area. Drilling is anticipated to commence in February.