Baja Mining Corp. announces that the Korean Consortium has advanced additional US$13.3 million to Minera y Metal¨²rgica del Boleo S.A. de C.V. for the construction of the Boleo Project.
Excalibur Resources Ltd. is pleased to announce that it has initiated a regional exploration work program on the claims owned by its 49% owned subsidiary Minera Catanava S.A. de C.V. which is 51% owned by Minera Apolo S.A de C.V. In parallel with the results of ‘bulk samples’ processed through the recently completed gravimetric plant, the focus of the work program is to systematically map, sample and drill the current areas of mining, namely the Camino and San Gil veins, as well as the future areas of production and mineralized zones in order to establish an NI 43-101 compliant resource. Continuous chip channel sampling of veins in underground workings and at surface will be a key component of the work program.
International Northair Mines Ltd. is pleased to announce the receipt of continued positive results from the latest metallurgical test work carried out on samples from the La Cigarra silver project, located in north central Mexico. Recoveries of silver range from 85% to 90%.
Minaurum Gold Inc. is pleased to report that it has amended the terms of its option agreements on the Jackie and El Porfido projects. The amended terms extend the payment schedule and provide Minaurum with increased flexibility managing its cash resources as it advances its projects in the Guerrero Gold Belt toward drilling.
Arco Resources Corp. announces that Mr. John Sutherland has resigned as a Director of the Company to focus on his increased duties with Goldgroup Mining Inc. Mr. Sutherland has agreed to join the Company’s Corporate Advisory Board, through which he will continue to provide advice and guidance to the Board. The Board wishes to thank Mr. Sutherland for his contributions to the Company’s Board and wishes him every success in the future.
Primero Mining Corp. today announced a mine and mill expansion of its San Dimas gold-silver mine in Mexico. The Company has elected a staged approach to the full expansion and has approved the expenditure of a total $14.4 million to expand the San Dimas mine and mill to 912,500 tonnes per year or 2,500 tonnes per day. Construction of the mine and mill expansion will begin immediately, with an estimated completion during the first quarter of 2014.
Mexican gold miner, Argonaut Gold (TSE:AR), reached a friendly $341-million deal to acquire Prodigy Gold (CVE:PDG), an exploration company that focuses on Eastern Canada.
Orex Minerals Inc. and Astral Mining Corporation announce that they have agreed to merge and form a combined gold and silver exploration and development company, which will focus on the advanced-stage Barsele Gold Project in Sweden, the Coneto Silver-Gold project, and the Los Crestones Gold-Silver-Copper Project in Mexico.
The silver market continues to be a white knuckle ride with volatility being the watch word of the day. The oscillations can be gut-wrenching as we have warned about many times. However, if you have the stomach for it the silver space can be profitable for you. As regular readers will know, our philosophy has been to acquire physical silver as a top priority, followed by a small section of good quality mining shares and finally for those of a more adventurous nature a well thought out strategy in the options sector can give your portfolio a boost.
Golden Tag Resources Ltd. is pleased to provide additional results from its 5,500 meters drill program on the San Diego Property, Durango State, Mexico. Hole SD-12-50A, the fourth hole of the current phase 6 program confirms continuous mineralization over very significant widths in association with mineralized diorite. Further drilling will be needed to establish the exact geometry of this new zone. Additional positive results from other holes of the program were presented in the Company’s news release of September 24, 2012.
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Maza Drilling is a Mexican company established in 2007 in Mazatlán, Sinaloa. Our Canadian founder, Mr. Guy de Launiere, has over 20 years of international experience managing diverse drilling operations. Maza Drilling strives to compete at the highest levels in terms of recovery, effectiveness, efficiency, and affordability at every project while keeping at the forefront of technology to meet our customer’s needs in this demanding market.
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