Tag: Exploration and Development

Amarium Technologies Inc., through its wholly owned subsidiary Amarium Minerals Inc., reports the Company has signed a Letter of Intent to acquire a high-grade copper property in Michoacán, Mexico. This copper property has been previously worked as a smaller scale artisan mine. Due to the prior mining and extensive exploration, management believes there is a sufficiently significant available copper resource at this location to warrant large-scale commercial production. Terms of the pending acquisition have not been disclosed at this time.

SilverCrest Mines Inc. is pleased to provide an update on the commissioning of the new 3,000 tonnes per day milling facility and processing plant and progress of underground development at its 100% owned Santa Elena Mine in Sonora, Mexico. The commissioning of the new mill commenced May 1st, 2014 and it is projected that continuous nameplate production of 3,000 tpd will be achieved by the start of August. Underground development continues with over 4,500 metres completed to date on ramping, ventilation and ore development. For additional information and to view photos and videos of the mill, the processing plant and the mine site, please visit the Company’s website at www.silvercrestmines.com.

Bearing Resources Ltd. announces that Newmont de Mexico, S.A. has provided notice to the Company terminating its option agreement over the Pedro property in Mexico effective July 11, 2014. The Company is still awaiting the results from the recent drill program and will release these drill results in due course.

International Northair Mines Ltd. is pleased to provide an exploration update on its La Cigarra silver project, located in north central Mexico. The Company has conducted further trenching on its Ram Zone and results continue to be positive and support the potential of this new discovery.

Avino Silver and Gold Mines Ltd. regrets to report the death of an employee on Tuesday, June 17, 2014 due to an accident at Circuit 2 within the processing plant on the Avino Property in Durango, Mexico.

Debido a la reforma hacendaria y conflictos con ejidatarios por la renegociación de las tierras, así como a una menor producción de los proyectos mineros en México, el costo de extracción de oro y plata se incrementó entre 13 y 20%, respectivamente en el último año.

El Tigre Silver Corp. is pleased to announce additional strong assay results of a recently completed extensive underground and surface sampling exploration program at its El Tigre Silver and Gold Project in northern Sonora, Mexico. El Tigre is reporting assay results from the Protectora vein area (Figure 1) that include 0.8 meters of 1,148 g/t silver equivalent – 10.50 g/t Au and 518 g/t Ag. A total of 126 surface and 30 underground samples were collected from the Protectora vein area.

Avino Silver and Gold Mines Ltd. is pleased to report that the dewatering operation of the Avino mine was completed as of May 28, 2014. This operation was initiated on November 24th, 2012 for a total of 482 days. During this period, a total of 1,013,069 cubic metres of acidic water were pumped and treated for the removal of base metals using lime. The treated water, which met agricultural standards for discharge was used for mill processes and the excess was gravity fed to the company built La Caricol dam; sludge from the water treatment was disposed of in the tailings storage facility.

Trabajadores de Altos Hornos de México se apostaron esta mañana en la Delegación Estatal del Seguro Social, en el bulevar Venustiano Carranza y Luis Echeverría, para exigir un freno al coyotaje del que son víctimas los trabajadores que intentan obtener una jubilación o pensión a través del instituto.

Soltoro Ltd. has received the second anniversary payment of US $150,000 from Gold Reserve Inc. who hold the right to earn an undivided 51% interest in Soltoro’s 100% owned La Tortuga property located in Jalisco State, Mexico. Soltoro granted a 45 day extension to Gold Reserve to make the payment which was originally due on April 26, 2014.