Tag: Exploration and Development

Riverside Resources Inc. is pleased to announce the initiation of the 2014 drilling program to explore the San Rafael silver-gold system and outlying early stage gold-silver zones, which were recently delineated during regional reconnaissance mineral exploration. Approximately nine drill holes totalling roughly 1,900 metres are planned, with drilling now underway at the San Rafael vein target area. Previous drill programs have focused on the Jesus Maria silver vein system and the Capitan gold zone, so the drilling of new, untested target areas during the current program has the potential to expand on the known mineralization and add significant value to the Peñoles Project.

Riverside Resources Inc. is pleased to announce the initiation of the 2014 drilling program to explore the San Rafael silver-gold system and outlying early stage gold-silver zones, which were recently delineated during regional reconnaissance mineral exploration. Approximately nine drill holes totalling roughly 1,900 metres are planned, with drilling now underway at the San Rafael vein target area. Previous drill programs have focused on the Jesus Maria silver vein system and the Capitan gold zone, so the drilling of new, untested target areas during the current program has the potential to expand on the known mineralization and add significant value to the Peñoles Project.

Mexus Gold US announced today that during the week of August 18th, Julio Baltazar, vice president of Mexus Gold Mining SA de CV, showed the Julio/Santa Elena property to a group of geologists representing a Canadian mining company. The visitors walked the property and were shown the previously published drill results. Mr. Baltazar stated, “I was as equally impressed with this group as they were with our property.” Paul Thompson, CEO of Mexus added, “This mining company has the qualified personnel along with the necessary capital needed to justify discussions on a potential partnership.”

War Eagle Mining Company Inc. is pleased to announce that it has received the second payment (US$35,000) from the sale of the Tres Marias zinc-lead-germanium project in Chihuahua, Mexico to Contratista y Operaciones Mineras SA de CV, a Mexican mining company, previously announced on January 16, 2014. Total cash consideration for the sale was US$5,000,000 of which the next payment to War Eagle is to be US$300,000 in January 2015.

Garibaldi Resources Corp. is pleased to report that as Phase 2 diamond drilling continues at its Silver Eagle target (Rodadero North Project) in central Sonora State, surface sampling results from mineralized outcrops indicate continued high silver values in addition to a significant increase in base metal content (up to 14.9% lead and 1.8% zinc) 1.5 km to 3 km south of discovery hole SE-14-01.

Argonaut Gold Inc. announced today that the Company has a resource estimate resulting from the first phase of a multiple phase drill program at its 100% owned San Agustin project located 10 kilometres from Argonaut’s El Castillo Mine located in Durango, Mexico.

Ante las multas económicas o arresto administrativo, las cuales considera como bajas, Gustavo Alanís, director del Centro Mexicano de Derecho Ambiental (CEMDA), señaló que la ley también contempla la clausura definitiva o revocación de concesiones a la minera Grupo México, debido a que el daño por el derrame en el Río Sonora es un daño el cual también afecta la vida de las personas.

Lincoln Mining Corporation, announces it has entered into a Purchase Agreement (the “Agreement”) with Endeavour Silver Corp. to sell the La Bufa property for a total consideration of 90,000 common shares of Endeavour at an issue price per Payment Share equal to the volume weighted average price of the Purchaser’s shares for the ten trading days immediately preceding the Closing Date less that number of Payment Shares equal to the Prepayment Amount.

Endeavour Silver Corp. announces it has entered into an agreement with Lincoln Mining Corporation to purchase a 100% interest in the La Bufa exploration property located adjacent to Endeavour’s existing exploration properties in the Guadalupe y Calvo gold-silver district, Chihuahua, Mexico.

Rare Earth Minerals said Bacanora Minerals Ltd has issued an update on the Sonora Lithium Project. REM has an 11.90% shareholding in Bacanora, its JV partner in the Sonora Lithium Project in Mexico.