Tag: Exploration and Development

David Coburn, CEO of Gainey Capital commented, “We are very excited to be moving forward with a detailed mapping and sampling program to identify key drill targets at our El Colomo mineral concessions. We have strategically aligned ourselves with the local Indian community and put in tremendous effort to garner their ongoing support, which has allowed the company to seamlessly advance to this stage of our exploration program. We look forward to their ongoing support of our exploration activities at El Colomo and advancing the project to the next stages of exploration.”

Argonaut Gold Inc. is pleased to provide a drilling update for its 100% owned San Agustin project. The project is located just 10 kilometres southwest from the Company’s El Castillo Mine in Durango, Mexico. The Company completed a Preliminary Economic Assessment on the project in February, 2015. The San Agustin PEA resulted in a pit-constrained indicated resource of 845,000 gold ounces and 28 million silver ounces contained in 82.2 million tonnes of material at a grade of 0.32 grams per tonne gold and 10.7 g/t silver, for a total of 1,280,000 gold equivalent ounces…

Bradford Cooke, Chairman and Founder of Canarc,commented: “Today’s announcement marks an important step forward for Canarc in that the El Compass property is an advanced stage mining project fully permitted for mining. Appropriate plant and tailings sites on the property were part of the permitting process. Oro Silver represents a great opportunity for Canarc to take advantage of our extensive management and board operating experience to build and operate a high grade mine in Mexico.”

Baja Mining Corp. reports that further to its news release dated April 30, 2015, and details of the amended cash call notice dated May 17, 2015, as previously described in the Company’s Management Discussion & Analysis for the quarter ended March 31, 2015 (available on www.sedar.com), Baja has received from Minera y Metalúrgica del Boleo, S.A. P.I. de C.V. a defaulting notice in respect of the Amended Cash Call. Pursuant to the Amended Cash Call, Baja was required to contribute US$7,600,000 no later than June 16, 2015, by way of either shareholder loans or subscriptions for new shares, with which it was unable to comply.

GREAT PANTHER SILVER LIMITED provides an update on its diamond drilling programs for the second half of 2015. Approximately 21,800 metres of drilling are planned for the Guanajuato Mine Complex, the Guadalupe de los Reyes Project in Mexico, and the Coricancha Mine Complex in Peru. Including the latter two new projects, total metres of drilling for 2015 are expected to be approximately 29,700 metres, compared to the Company’s previous guidance of 19,000 metres.

La empresa Fresnillo Plc busca mediante una demanda contra el gobierno local la devolución de más de 5 millones 755 mil pesos que consideró, se pagó de más al Ayuntamiento de Fresnillo en 2014 por concepto de impuesto predial.

Cyprium Mining Corporation is pleased to announce increased production plans following the successful start of operations at the Company’s 100 ton per day flotation plant located in Aldama, Mexico in May.

La inversión sectorial total de la minería se redujo 25% el 2014, pero los recursos dedicados a la búsqueda de minerales se mantuvieron prácticamente intactos; América Latina se mantiene a la cabeza en este rubro a nivel global.

Source Exploration Corp. is pleased to report results for preliminary metallurgical test work, indicating recoveries of 95% copper, 89% gold and 84% silver for its Las Minas gold -silver – copper project located in, Veracruz State, Mexico. The metallurgical test work, included flotation testing and was undertaken by ALS Metallurgy of Kamloops, British Columbia, Canada.

Odyssey Marine Exploration, Inc., a pioneer in the field of deep-ocean exploration, reported that Exploraciones Oceanicas, the Mexican company that controls the “Don Diego” offshore phosphate resource, has submitted the necessary documentation to continue the environmental evaluation process for the proposed dredging of phosphate sands as planned. Odyssey controls ExO through the company’s 54% ownership in Oceanica Resources.