Category: Exploration and Development

Torex Signs Final Long-Term Ejido Land Lease Agreement at Morelos

Torex Gold Resources Inc. is pleased to announce that its wholly-owned subsidiary, Minera Media Luna S.A. de C.V., has signed a long-term, common land lease agreement with the Real del Limon Ejido for all of the remaining common use land that is required (222 hectares) for the future construction, mining, and processing of gold at its Morelos Gold Project in Guerrero State, Mexico.

California Gold Corp.: AuroTellurio Project – Second Update

California Gold Corp. recently announced that it is planning to start a drilling program at its AuroTellurio Project located near the town of Moctezuma in Sonora, Mexico. Diamond drilling operations, involving a total of 3,000 meters of core drilling aimed to test three specific targets, are scheduled to commence in April 2012.

El Tigre Silver Commences Gold Hill Drilling Program

El Tigre Silver Corp. is pleased to report that its 2012 core drilling program at its El Tigre silver project has started on schedule. The El Tigre silver project is located on concessions that are part of the Company’s 431 square kilometer concession ownership in Sonora, Mexico.

SilverCrest Reports 58m @ 164.7 gpt Ag Eq(i) at La Joya; Extends Main Mineralized Trend 500 Metres NW

SilverCrest Mines Inc. is pleased to announce the results of the first six holes of 18 Phase II core holes (approx. 8,000 metres) completed to date at its La Joya Property in Durango, Mexico. Phase II contemplates a total of 80 holes (approx. 15,000 metres) and drilling to date has extended the Main Mineralized Trend an additional 500 meters to the northwest from the current resource area.

Serengeti Begins Drilling Program on Three Gold-Silver Properties in Mexico

Serengeti Resources Inc. is pleased to announce that its Mexican subsidiary Cia. Minera FB Integral SA de CV, has begun a drilling program that will test high priority gold-silver targets on three properties located in Southern Chihuahua State, Mexico. A total of 3000 to 4000 meters of reverse circulation (RC) drilling will be completed in approximately 25 holes. Drilling has been initiated at the Victoria property where a large scale sediment-hosted gold target has been identified. The drill will then proceed to the Cuates property where a number of locally high grade gold-silver veins and structures have been identified and finally move to the Dorado property, where one to two holes will test a large scale geochemical response.

Goldgroup y el oro veracruzano

Hace casi dos años, la minera canadiense Goldgroup vendió al Grupo Carso —Frisco— un proyecto de extracción de oro en la región conocida como “El Porvenir” en Aguascalientes. El grupo canadiense aseguró que los 25 millones de dólares de aquella operación con Carlos Slim se utilizarían para fortalecer otro proyecto en Veracruz, también de extracción de oro.

Cangold Commences Metallurgical Program for Ixhuatan Gold-Silver Project

Cangold Limited is pleased to announce that it has commenced a metallurgical testing program for the Ixhuatan Gold-Silver Project in Chiapas, Mexico. Cangold is earning a 75% interest in the Ixhuatan project through its own wholly-owned Mexican subsidiary, Coboro Minerales de Mexico, S.A. de C.V.

Globexplore is a customer focused, technology driven mineral exploration drilling contractor devoted to top of class drilling methods and techniques that only years of experience can achieve. Every day we strive to be the industry leader by providing the highest rate of performance, professionalism, safety and environmental responsibility.

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Maza Drilling is a Mexican company established in 2007 in Mazatlán, Sinaloa. Our Canadian founder, Mr. Guy de Launiere, has over 20 years of international experience managing diverse drilling operations. Maza Drilling strives to compete at the highest levels in terms of recovery, effectiveness, efficiency, and affordability at every project while keeping at the forefront of technology to meet our customer’s needs in this demanding market.