Category: Exploration and Development

Exploration Starts at Cumobabi

Evrim Resources Corp. is pleased to announce the start of the 2012 exploration program at the Cumobabi copper — molybdenum porphyry project in Sonora, Mexico. The exploration program is a joint effort between Inmet Mining and Evrim and is subject to an option agreement announced in February 2011.

Vatic Ventures Corp. Signs Option for La Silla Gold & Silver Property in Mexico

Vatic Ventures Corp is pleased to announce that it has entered into an agreement with Minera Meridian Minerales S.R.L. de C.V. whereby the Company has acquired the right to earn an undivided 100% interest in and to certain mineral claims located in Sinaloa, Mexico. The claims are called the La Silla claims. The property is located some 65 km north of Mazatlan in the State of Sinaloa and encompasses about 14,426.7 hectares. It is part of the Trans Mexican Volcanic Belt. Some parts of these structures have been historically mined on a small scale.

Goldex Releases Assays from Phase One Drill Program at El Arco

Goldex Resources Corporation today announced results from the phase one drill program on its Mexican property, El Arco. El Arco represents a newly discovered gold-silver system that has seen no previous exploration activity. The property is located in the Central Plateau gold and silver belt, near the historic silver-lead-zinc district of Tejamen in the state of Durango, Mexico. El Arco demonstrates low sulphidation epithermal-style banded quartz veinlets similar to those found at the surface in the La Cienga district also located in Durango. The project consists of two mineral exploration licenses that cover 3,381 hectares. Surface samples have confirmed the presence of both high-grade gold and silver values.

CWRN: “Wide Area Deep Drilling Underway”

Cotton & Western Mining, Inc. In 2011, Panamerican Minerals Ventures, S.A. de C.V. Mexico, the operators of the “Guadalupe Iron Mineral Concession,” drilled three deep conformation holes 300 meters apart in the center line of the 1,500 meter long Coloso Iron Mineral Vein, (one of four major iron mineral veins located on the concession); the purpose of those drill-holes was to explore the depth of the Coloso Vein, since the original drill program of 68 holes was shallow at 20-meters depth. Drill-hole 69 at 44-meters revealed continuous iron minerals mixed Magnetite and Hematite down to an elevation point of 81-meters above sea level, where the drilling was suspended without punching through the iron minerals as the iron content became lower and the mineral became solid magnetite. Drill-hole 70 at 84-meters depth on the lower elevation of the concession revealed the same mineral structure as drill-hole 69, hitting iron mineral at 4-meters down and continuous to 84-meters where the drilling was suspended at 2-meters above sea level; the third Drill-hole number 71 at 54-meters depth revealed continuous magnetite as well, the drilling was suspended pending simulated concentration testing of the lower grade materials to better understand the percentage of Fe304 (Magnetite Iron Oxide) uplift that could be anticipated if the materials were processed through a series of beneficiations. Results from those analytical studies indicated that the iron minerals can be processed to a Grade-A iron mineral status. Management has been discussing the feasibility of building a concentration plant on site with the corporation of Bao Steel Group of China, provided that there is enough magnetite mineral reserve to justify the investment; therefore, the company has begun a series of new and deeper drilled-holes on a wide-area bases to establish parameters for an accurate calculation of available mineral reserves.

Excellon Announces La Platosa Exploration Results: High Grades Continue to Extend Manto Sulphides Drill Hole Encounters Source Environment Indicators

Excellon Resources Inc. Mexico’s highest grade silver producer, is pleased to report assay results for seven new drill holes. Of the seven holes, six were directed to the search for additional massive sulphide manto mineralization. Five were drilled west of the northwest corner of the 6A Manto and one was drilled immediately north of the northwest extremity of the Guadalupe Manto. The seventh was drilled in the Rincón del Caído area 1.0 km northwest of the La Platosa Mine to further the search for the large-tonnage proximal source of the massive sulphide mantos.

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