Tag: Exploration and Development

Torex Gold Resources Inc. is pleased to announce that mining of the “North Nose” pit has started, and this mining will add approximately 72,000 recoverable ounces into a stockpile that will be available when the plant is ready for commissioning in August of 2015. The Company expects to process this material in 2015, in addition to the previously planned 38,000 ounces of 2015 production from its El Limon-Guajes Project in Mexico.

Aura Silver Resources Inc. is pleased to announce that it has completed an extensive soil sampling survey on its 72% owned East Taviche property in Oaxaca Mexico. The purpose of this program is to enhance our knowledge of the geology and geochemical expression of the Company’s Higo Blanco jasperoid structure in order to expand the existing resource and find additional, buried precious metal targets. In addition, preliminary geological reconnaissance and rock sampling were conducted in the northern end of the East Taviche concession (East Taviche North) to assess the potential for the continuation of vein structures, some of which were previously identified on an adjacent property.

SOURCE EXPLORATION CORP. is pleased to report drilling has resumed at its Las Minas property, Veracruz, State, Mexico. The 2,000 metre diamond drill program has commenced after a very successful Phase 1 winter program.

Shares of Golden Minerals shot up after the junior announced it would reopen its Mexico-based Velardena silver-gold mine in July as a leaner and lower cost operation.

Marlin Gold Mining Ltd. is pleased to announce an operating and corporate update. The ramp-up at Marlin’s wholly owned La Trinidad mine in Sinaloa, Mexico continues, with commercial production expected to be reached by the end of the third quarter. Through June 16, 2014, 867,986 tonnes of material have been mined from the Taunus and Bocas pits and 476,508 tonnes of material have been crushed and placed on the leach pad. Gold recoveries and grade reconciliation to the block model are behaving as expected. We are producing gold on a monthly basis, with total gold production and gold in solution to date of 1,892 ounces. As of today our cash balance is approximately $10.15 million with an additional $3.4 million in refundable tax receivables.

Tara Minerals Corp. is pleased to announce that it has closed the acquisition of intellectual property for the preservation and protection of fresh fruit, vegetables and flowers during extended periods of shipping and storage. The mining assets and the newly acquired packaging assets will be held under separate subsidiaries.

Cyprium Mining Corporation announced today that it has commenced drilling on its Las Cristinas property located in Chihuahua State, Mexico. The drilling program which will be carried out in three phases totaling approximately 4,000 meters of drilling will focus on the North Mount and South Mount, a 550 meter long mineralized section located at the southern end of the property where copper production took place in the early 70s.

DynaResource, Inc. is pleased to announce that Mineras de DynaResource S.A. de C.V., the 100% owned subsidiary of DynaUSA and the exclusive operator of the San Jose de Gracia Property in northern Sinaloa, Mexico, is reporting the production and delivery for sale of approximately 511 Oz. gold contained in concentrates (exact weights in gold and silver oz. to be determined at final settlement). MinerasDyna is further reporting the final settlement of the prior sale of 239 Oz. gold at $1,311/Oz.

Scorpio Mining Corporation today announced its development plans for the Cosalá District projects with NI 43-101 compliant resources, namely the El Cajón and San Rafael deposits, both located within trucking distance from its Nuestra Señora processing plant.

Further to its news release of May 14, 2014, Garibaldi Resources Corp. (the “Company” or “Garibaldi”) is pleased to provide this progress report as drilling continues at the Silver Eagle target, Rodadero North in central Sonora State, Mexico. A fourth hole is now under way to test the geometry and dimensions of a promising high-grade, near-surface structure. Pending additional assay results are eagerly anticipated and will be released as they become available.