Category: Exploration and Development

A Mexican mining company is seeking a multi-million dollar judgment against Coeur d’Alene Mines Corporation as compensation for the Idaho company’s alleged breach of contract, according to a lawsuit filed in a Mexican court.

Avino Silver & Gold Mines Ltd., as a result of a review by the British Columbia Securities Commission, issues this news release to clarify and retract certain disclosures made pertaining to conceptual exploration targets and economic analyses of mineral resources at the Company’s Avino property in Durango, Mexico.

Azure Minerals Limited, the Mexican-focused minerals exploration company, is pleased to provide an update of recent activities from its high grade copper-gold-silver Promontorio Project, located in Chihuahua Mexico.

ABOT Mining is pleased to provide the following update on activities around its Aztlan 8 B Property in the province of Nayarit, Mexico in the highly mineralized area known as the “Tecuala Mining District”. Nayarit is located in the Sierra Madre Occidental range, which hosts the majority of Mexico’s gold and silver deposits and is considered as the most productive epithermal precious metal region in the world.

Arco Resources Corp. announces that it has entered into a settlement and purchase agreement with Argentum Silver Corp. to accelerate the amended and restated option agreement between the parties dated February 1, 2011.

Urastar Gold Corp. announces initial RC drilling results at El Antimonio, Mexico (10 holes completed): EA-01: 61m @ 0.34 g/t Au from 45.7m; EA-03: 6.1m @ 0.21 g/t from 56.4m. 12,500-ha property 50km south of La Herradura mine.

Great Panther Silver Limited announces the completion of the updated mineral resource estimates at the Company’s wholly-owned Guanajuato Mine Complex and San Ignacio Project in Guanajuato, Mexico. As the San Ignacio Project is effectively a satellite of the Guanajuato Mine Complex (20 kilometres by road), and any mineralization extracted from the former will be processed at the Cata Plant, the resource is now being considered as part of the overall Guanajuato Mine mineral inventory.

El Tigre Silver Corp. is pleased to report that an extensive metallurgical test program on its El Tigre tailings project has been completed with positive results. The El Tigre silver project is located on concessions that are part of the Company’s 431 square kilometer concession ownership in Sonora, Mexico.

McEwen Mining Inc. is pleased to provide a summary of the First Quarter, including operational and development updates for its projects in Argentina, Mexico and Nevada.

Comstock Metals Ltd. is pleased to announce the discovery of porphyry-style gold mineralization from its core drilling programme at the Corona Project in the Uruachic-Ocampo District of western Chihuahua, Mexico. The Uruachic-Ocampo District is host to several multi million-ounce gold/silver deposits, including Fresnillo PLC’s Orisyvo Deposit with a reported resource of 9.2 Million ounces of gold. At Corona, porphyry-style gold mineralization has been identified, and remains open to the north, east and at depth. The most recent eight drill holes completed by Comstock intersected favourable geology and strong alteration east and southeast of the Northeast Zone, stepping-out up to 350 m from holes drilled in 2002-2003. A new zone of porphyry-style gold mineralization was intersected beneath the previously reported vuggy silica lithocap (see CSL news release dated April 2, 2012 for results of holes CO-12-60 to 62).