Gainey Capital Corp. is pleased to announce that it has it has received the assay results from its detailed sampling of the ‘Golden Corridor’ at its El Colomo project. The Golden Corridor is a northerly-trending area, 3.5-kms long by 1-km wide, with multiple exposures of sub-parallel mineralized structural zones associated with at least two dome-like felsic intrusions that are hosted by andesitic rocks. Six known mineralized zones are exposed in the Golden Corridor, and it appears to be open along strike. The known zones are La Nueva Victoria, El Arrayan, La Higuerita, La Bufa, La Peñita and El Guayavo.

This week mine staff of Timmins Gold spotted a 2m tear in the liner of the new leach pads at its San Francisco open pit, heap leach gold mine in Sonora, Mexico. The area adjacent to the tear had just been placed under leach and a small amount of the leach fluids flowed over the area of the tear. The Company immediately reported the incident to PROFEPA, the Mexican environmental agency, which has since inspected the area…

Keith Neumeyer, President and CEO of First Majestic said, “With this closing, First Majestic is integrating a well-built, low-cost, profitable silver mine into its large portfolio of operating mines. The Santa Elena Silver Mine, becoming our sixth mine in Mexico, is projected to increase the Company’s total production by approximately 5 million silver equivalent ounces per year. We are very excited to have this free cash flowing mine added to our portfolio.”

Minera Alamos Inc. has been working on its 100%-owned, advanced-stage, Los Verdes, copper-molybdenum project in Sonora, Mexico. Due to the changing conditions in the mining sector, under the leadership of Chris Frostad, CEO, the company has redesigned its 2012 PEA that now features much lower capital expenditures with mine construction targeted to start in 2016.

Southern Silver Exploration Corp. reported today assays results from the first three holes of the +10,000 metre 2015 core drilling program on the Cerro Las Minitas project, located in Durango State, Mexico. Drilling successfully identified a new high-grade gold-silver polymetallic discovery on the project (“Mina La Bocona Extension”) and further extensions to the previously identified Blind and El Sol Deposits.

Denuncian grupos indígenas saqueo de hierro, madera y animales exóticos en complicidad con el crimen organizado.