Silver Bull Resources, Inc. is pleased to announce the drill results for the second batch of 6 holes from the underground drill program twinning a series of “long holes” in a high grade silver zone situated at the eastern end of the Shallow Silver Zone on the Sierra Mojada Project in Coahuila, Northern Mexico.
Excalibur Resources Ltd. is pleased to announce that its 49% owned subsidiary Minera Catanava S.A. de C.V. has received the permit for use of explosives from the Mexican military called SEDENA (“Secretary of National Defense”). “As the final permit required to begin operations, this is a major milestone as it allows the company to order and use explosives under the supervision of the military and to open up adits on either side of the arroyo and begin processing higher grade underground material at Camino and San Gil veins, rather than dump material which has been used for plant testing,” commented Tim Gallagher, Chairman.
MAG Silver Corp. is pleased to announce that the board of directors of Minera Juanicipio S.A. de C.V., (owned 44% by MAG / 56% by Fresnillo plc), has approved a mine permitting and underground development budget of US$25 million. The 18 month (2012 -2013) budget includes the first 2,500 metres of underground development. The Joint Venture has begun the permitting process and anticipates receipt of all necessary permits by the end of 2012. The underground decline ground breaking is expected in early January 2013 (Q1) pending receipt of all permits.
Garibaldi Resources Corp. reports that it continues to intercept significant widths of mineralization (see news release of April 24, 2012) at the ongoing Locust drill program, located at the Company’s 100% owned Tonichi project in Sonora State, Mexico. To date, 5 diamond drill holes have been completed using the Company’s NQ diamond drill, for a total of 1180.8 meters drilled, with an additional hole in progress. An additional 50 to 70 meters will be added on hole number 6 before starting hole number 7. Hole LCT-12-5 has encountered gold mineralization of 0.33 g/t Au over 63.85 meters and hole LCT-12-6 encountered 24.5 meters of 0.45 g/t Au. Assay results from all holes are summarized in the table below. Note that data from some holes was previously released but is included here for completeness.
First Majestic Silver Corp. is pleased to announce that the Company has been recognized with three awards reflecting the Company’s continuous efforts with respect to our corporate citizenship practices as a socially responsible company.
Yale Resources Ltd. is pleased to report it has mobilized a field crew to the 7,979.31 hectare (79.8 km2 ) Orofino Property, located in Sonora State, Mexico, to initiate work on the property as part of an ongoing field program to be conducted on behalf of Overlord Capital Ltd.
Southern Silver Exploration Corp. reported today that drilling on the Cerro Las Minitas project, located in Durango State, Mexico, has extended the depth projection of high-grade silver-polymetallic mineralization in the Blind Zone deposit.
El Tigre Silver Corp. Wednesday provided a mid-year summary of its exploration and development activities at its El Tigre silver project in Sonora, Mexico.
Pan American Silver Corp. is pleased to report drill results from this year’s ongoing exploration programs at the La Colorada mine in Zacatecas, Mexico and one of its development projects, the Waterloo silver project in San Bernardino County, California.
Westminster Resources Ltd. has successfully completed its first phase diamond drill core program at the Cumbral-San Bartolo copper, silver and gold project located in Sonora, Mexico.
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