Tag: Exploration and Development

Riverside Resources Inc. is pleased to announce that the Company has staked and is in the process of acquiring title to the 128 km2 Thor Copper Project in Sonora, Mexico. The Project was acquired as a part of funded alliance activities through the Company’s copper porphyry exploration alliance with a wholly owned subsidiary of Antofagasta plc.

Sierra Metals Inc. is pleased to announce a $9 million budgeted exploration program for 2015 to drill over 75,000 meters on its three operating mines in Peru and Mexico and over 4,000 meters on two exploration targets in Mexico.

Mexus Gold US announced today that the placer plant at the Julio Mine is now fully operational. The company will use the first few days to ensure that the wash plant and associated parts are optimized for maximum recovery. As stated in previous press releases, the company expects to recover 5 to 6 ounces of gold per day costing approximately $950. CEO Paul Thompson added, “We are very excited to announce the startup of the placer operation. Our Mine Superintendent, Diego Guillermo Baltazar Garcia, and his crew worked tirelessly over the last few weeks to bring this operation online. We are now focused on obtaining the blasting permit so we can begin the underground operation.”

Torex Gold Resources Inc. announces that construction activities at its El Limon Guajes Project are resuming in all areas, after being curtailed over the last few days, following a regional security incident and the associated protective / rescue response.

Agave Silver Corp. is pleased to announce that it has closed its previously announced sale of Agave’s interest in the Nuevo Milenio Property to Frank Lang and Ferdinand Holcapek via the sale of all of the securities of Cream Minerals de Mexico, S.A. de C.V. held by Agave. Cream Mexico holds all right and title to the mineral concessions comprising the Company’s Nuevo Milenio Property.

Timmins Gold Corp. is pleased to announce that recent diamond drilling at its flagship San Francisco Mine, Sonora state, Mexico, has confirmed the presence of at least three, high-grade, sub-parallel, gold bearing structures, all of which are located approximately 50-100 metres from surface along the south wall of the current open pit. Exploration information indicates that the lenses extend up to 300 m along strike and 200 m down dip. Select results include: 4.5 m averaging 5.5 g/t Au at 9 m downhole (TFD-153); and 3.0 m averaging 6.2 g/t Au at 6 m downhole (TFD-160).

Candente Gold Corp. is pleased to announce it has received an Expression of Interest for a proposed Processing Agreement for the Mexico Mine Tailings Reprocessing Operation planned at El Oro, Mexico.

San Marco Resources Inc. has acquired 100% ownership of a strategically-located 12 hectare claim in the El Chunibas area of the Cuatro de Mayo project, in exchange for a one-time payment of US$ 10,000. There is no retained interest or future royalty payable to the counterparty to the acquisition agreement, a private Mexican citizen. The newly acquired claim occurs within the boundaries of, and now forms part of, the Company’s recently acquired El Chunibas land package, which itself is in the vicinity of the Company’s Cuatro de Mayo Central claim block in northeastern Sonora State, Mexico.

Although the Media Luna project kidnap victims have been recovered by Mexico authorities, analysts are still taking aim at Torex Gold Resources.

Azure Minerals Limited is pleased to announce that exploration has commenced at the Promontorio Project, marking the first stage of activity under the Earn-In and Joint Venture Agreement with Kennecott Exploration Mexico S.A. de C. V., part of the Rio Tinto Group.