Tag: Exploration and Development

Minera Alamos Inc. today announced that they have engaged Mrs. Claudia Angelica Santos Rodriguez with the firm of Consultoria Ambiental Vugalit, S.C. to perform environmental studies and compile information necessary for the application of permits at the Company’s Los Verdes and La Fortuna projects in Mexico.

MarMar’s expert team of geologist, engineers, accountants and team of lawyers continue to meet and exceed the standards expected when Mexus brought them in as a partner. The work being done at the mine is being reviewed constantly to ensure compliance with all laws and regulations. Added CEO Paul Thompson “Marco Martinez, CEO of MarMar, has been excellent to deal with. He has followed through on everything we’ve asked and been spot on with his recommendations and follow through. I’ve heard our shareholder base loud and clear when they asked for a history of MarMar and Mr. Martinez. You’ll find this write up on our website with a link to the report below. I hope this confirms to our shareholders that we have found an excellent partner who will bring this mine into production in a timely manner and at a low cost.”

YAMANA GOLD INC. iis pleased to announce that it has entered into a definitive Share Purchase Agreement to sell 100% of its interest in the Mercedes mine in Sonora, Mexico to Premier Gold Mines Limited. Pursuant to the Agreement, Yamana will receive consideration in the form of cash and equity securities, the value of which was $140 million at the time of negotiations.

Pete Dougherty, President & CEO stated: “We are pleased with the outcome of the ruling, which confirms our belief that the local zoning plan should not have impeded the permitting of the San Antonio project. This ruling does not mean that our permits are granted but does provide the basis of understanding for all involved in the permitting process. We will continue to engage and work closely with all stakeholders to advance the San Antonio project. We believe that San Antonio provides an opportunity for a model mine with the use of clean technologies that also provides near and long-term benefits to the region.”

Riverside’s President and CEO, John-Mark Staude, stated: “We are pleased to have Centerra as a partner and we look forward to continuing our joint exploration efforts to make a discovery in the Sonora Mega-shear Gold Belt. Riverside’s prospect generation has taken advantage of the downturn in the market to acquire and develop excellent new gold, silver and copper targets and we look to the near future to push these ahead with additional joint venture option agreements.”

States Kootenay President and CEO James McDonald “We are very pleased to proceed with our drill program on La Cigarra and the highly prospective nearby RAM target. This is a key drill campaign that will aid us in our goal of expanding known resources with focus on understanding and expanding high-grade silver zones extending from within the La Cigarra resource prior to proceeding with a Preliminary Economic Assessment on the project. We are also very excited to conduct a maiden drill program on the nearby RAM target that is a large, structurally controlled 3.8 kilometre anomalous silver trend that offers significant potential to further add to our current silver resources.”

La madrugada de hoy miércoles, un grupo de hombres armados irrumpió en una mina de oro ubicada en el municipio de Sahuaripa, Sonora, en donde se llevaron oro, pero la cantidad del metal hurtado no fue especificada.

Canadian mining company Agnico Eagle said on Wednesday that a group of armed men stormed one of its mines in northern Mexico early on Tuesday morning, injuring a security guard and making off with a haul of silver and gold.

Cyprium Mining Corporation is pleased to announce the results from 71 additional underground samples taken from the Tunel body as part of its ongoing exploration program of the Potosi silver mine located in Santa Eulalia, Mexico. Of the 71 samples taken, 34 were channel samples taken at the edges of old stopes on levels 1 and 2, and 37 samples were of previously broken mineralized rock from levels 1, 2 and 3 that was left behind at the end of the last mining in this area. All samples were taken in areas where Cyprium expects initial production to take place.

N. Eric Fier, CPG, P.Eng, President & CEO remarked, “It is very encouraging to receive additional high grade results from our ongoing underground channel sampling program at Las Chispas as we continue to gain further access to historic workings. Our onsite team has safely ascended to the historic 300 level** of the Las Chispas vein with subsequent ongoing mapping and sampling. Our channel sample results on the 300 and 400 levels are showing multiple grades of plus 1 kilogram per tonne silver and up to 2.2 kilograms per tonne silver equivalent*. We are experiencing minimal challenges in accessing and rehabilitating the underground workings. Rehabilitation mainly consists of the removal and stockpiling of historic backfill material along with safely constructing ladders and bridges. We are currently surface drilling based on the expanded Phase I program with ongoing compilation of all our drill data and integration with underground results.”