Cayden Resources Inc. is pleased to announce that it has acquired the Shangri-la claim located within the El Barqueño Concessions in Jalisco, Mexico, which are fully optioned by Cayden. The Shangri-la claim lies adjacent to the Pena d’Oro target where drilling will commence shortly.
Canasil Resources Inc. announces that MAG Silver Corp. has provided an update on MAG’s exploration program at Canasil’s Salamandra silver-copper-zinc-lead project in Durango State, Mexico. MAG confirms completion of the required first year 3,000 metre diamond drill program and minimum CAD$ 1,000,000 exploration expenditures, and plans to extend the program by at least an additional 500 metres, under an option agreement for MAG to earn up to a 70% interest in the Salamandra project. Assays are pending for the completed drill holes. MAG further noted that detailed geologic mapping and sampling and systematic review of Canasil’s geophysical surveys and drilling results have generated twenty drill targets around the outcropping intrusive complex and surrounding alluvial and volcanic cover at Salamandra.
GoGold Resources Ltd. is pleased to provide an update on its Parral Tailings Project in Mexico. Construction is going extremely well with the heap leach facility approximately 60% complete. Pad preparation is progressing on schedule with liner installation well underway. Power lines are under construction and water wells are prepared and ready for mechanical installation. Approximately 50% of the steel works have been delivered to site and are being constructed with the remaining structural materials arriving over the next few weeks. Overall the project is on schedule and on budget. The company expects to begin stacking ore in April with gold and silver production commencing in May 2014. There are numerous pictures available at www.gogoldresources.com that further illustrate the work completed and the progress being made.
Coeur Mining, Inc. announced contained ounces of proven and probable mineral reserves totaling approximately 255.4 million silver ounces and 2.2 million gold ounces, representing increases of 15.9% and 12.3%, respectively, compared to year-end 2012. These gains are net of the 17.0 million ounces of silver and 262,217 ounces of gold produced during 2013. In addition to these reserves, Coeur announced measured and indicated mineral resources totaling approximately 386.3 million silver ounces and 2.5 million gold ounces, up 26.6% and 1.4%, respectively, compared to year-end 2012.
Monarchy Resources is pleased to announce that it has appointed Mr. John Brownlie to the advisory board of the Company. Mr. Brownlie has over 28 years of experience managing, operating, and supervising mining projects, and has recently been instrumental in raising over $15,000,000 for Marlin Gold’s (TSX VENTURE:MLN) La Trinidad mine in Sinaloa, Mexico, which is commencing its first gold pour at this location. The Company is particularly excited about Mr. Brownlie’s extensive knowledge about the Mexican mining industry, his ability to finance mining projects, and his stellar management experience and track record.
Primero Mining Corp. and Brigus Gold Corp today announced that both Institutional Shareholder Services Inc. and Glass Lewis & Co., two leading independent proxy advisory firms, have recommended that shareholders support the plan of arrangement between the two companies at their special meetings scheduled for February 27, 2014.
El conglomerado minero y ferroviario Grupo México, de Germán Larrea, ya participa en el sector energético mexicano.
San Juan drill intersections include 10.343 g/t gold over 3.19 meters
and 1,218.1 g/t silver over 1.17 meters
Fortuna Silver Mines, Inc. is pleased to announce updated Mineral Reserve and Mineral Resource estimates as of December 31, 2013 for the Caylloma Mine located in Arequipa, Peru and for the San Jose Mine located in Oaxaca, Mexico.
The price of iron ore on Monday continued its fight back from seven-month lows hit last week, as Chinese stockpiles and imports continue to grow rapidly.
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