Tag: Exploration and Development

Orex Minerals Inc, in conjunction with their project partner Fresnillo PLC, have completed a Phase-IV exploration diamond drilling program, consisting of 4,656 metres in 11 holes on the Coneto Gold-Silver Project in Durango, Mexico. The program was designed to test multiple structures in approximately 100 to 200 metres step-outs. Highlights include mineralized intercepts in Loma Verde, Durazno, Durazno Alta, La Bufa Alta, Santo Niño, and Promontorio.

Jim Bannantine, President and CEO of Aura, stated “We are very encouraged by the PEA and believe it will be indicative of the results of the feasibility level study which has commenced. A focus on the geotechnical aspects of the underground mine and a conservative approach to cut-off grade have combined to yield both lower capital expenditures and profitable result that should allow us to finance the restart of Aranzazu. These design parameters and focus are particularly important in today’s mining finance environment, and they will also leave the option open for future expansion.”

Primero Mining Corp. is pleased to announce that it has been reinstated to the import and export registries in Mexico and that normal course imports and exports have resumed for its San Dimas mine located in Durango State, Mexico.

Los 33 indígenas municipio de Ayotitlán, Jalisco, que fueron aprehendidos el pasado 22 de julio mientras exigían el cumplimiento de una suspensión federal en sus tierras ocupadas por la empresa minera Peña Colorada, recuperaron su libertad luego de que la Procuraduría General de Justicia del Estado de Colima desistió de la denuncia en su contra.

Marlin Gold Mining Ltd. is extremely pleased to report assay results from the first exploration drilling campaign the company has done since 2011 at its wholly owned 118,000 hectare La Trinidad property in Sinaloa Mexico.

Gold Resource Corporation announced high-grade drill results from three of its six properties within its Oaxaca Mining unit. The Company is also progressing towards 2016 mill feed from Alta Gracia and an Aguila mill agitated leach circuit startup.

Azure’s Managing Director, Tony Rovira, stated: “In the six months we have been involved with Alacrán, great progress has been made in advancing the project. Our exploration has focused on areas of historical mining but where no modern exploration has been undertaken, and we’ve identified numerous high quality targets.”

“We are deeply troubled by the loss of Juan Jesús Torres Jiménez, a young underground miner at our San Dimasmine,” said Joseph F. Conway, Chief Executive Officer. “Our thoughts and prayers go with his family and friends through this incredibly difficult time.”

Defiance Silver Corp is pleased to announce the start of a 1,500m drill program on the San Acacio silver deposit in the historic Zacatecas Silver District in Mexico. The drill program is focused on expanding the current resource of 17.9 million oz AgEq contained in 2.902 mt grading 192.5 g/t AgEq. Drilling will build upon the recent discovery of significant silver and base metal mineralization below the limits of the current resource. The focus continues to be on the lowest risk/highest reward portion of the exploration potential at San Acacio by drilling along the 1.0 kilometer of old workings. Mineralization is open both to depth and along strike.

Cyprium Mining Corporation is pleased to announce that it has entered into a letter of intent with Minerales Nacionales de Mexico SA de CV, Minera Potosi Silver S de RL de CV and Daniel Valenzuela, pursuant to which Cyprium and the Potosi Partners have agreed to form a twenty year joint venture for the exploitation and exploration of the Potosi silver mine located in the historic silver rich mining district of Santa Eulalia in Mexico.