Tag: Exploration and Development

McEwen Mining Inc. is pleased to announce that the expansion of the El Gallo 1 mine in Sinaloa State, Mexico is scheduled to be completed by early April. The expansion is approximately three months ahead of schedule and capital costs are expected to total US$3 million versus the US$5 million originally budgeted. Production is anticipated to grow from 37,500 oz. gold this year to 75,000 oz. gold in 2015. Cash costs are also expected to decrease from US$750 per oz. to US$575 per oz. starting next year.

NanoStruck Technologies Inc. announces a non-binding Letter of Intent signed with Tierra Nuevo Mining Ltd, a private exploration company with mining assets in Mexico BG Partners Corp., brought this business relationship to NanoStruck.

Tras siete años de huelga en las minas de Taxco, Guerrero; Sombrerete, Zacatecas y Cananea Sonora, ésta última ficticia, el Sindicato Nacional de Trabajadores Mineros Metalúrgicos de la República Mexicana, que encabeza Napoleón Gómez Urrutia, iniciará un acercamiento con la empresa Grupo México para poner fin en unos días dichos paros.

Cayden Resources Inc. is pleased to announce that it has acquired the Shangri-la claim located within the El Barqueño Concessions in Jalisco, Mexico, which are fully optioned by Cayden. The Shangri-la claim lies adjacent to the Pena d’Oro target where drilling will commence shortly.

Canasil Resources Inc. announces that MAG Silver Corp. has provided an update on MAG’s exploration program at Canasil’s Salamandra silver-copper-zinc-lead project in Durango State, Mexico. MAG confirms completion of the required first year 3,000 metre diamond drill program and minimum CAD$ 1,000,000 exploration expenditures, and plans to extend the program by at least an additional 500 metres, under an option agreement for MAG to earn up to a 70% interest in the Salamandra project. Assays are pending for the completed drill holes. MAG further noted that detailed geologic mapping and sampling and systematic review of Canasil’s geophysical surveys and drilling results have generated twenty drill targets around the outcropping intrusive complex and surrounding alluvial and volcanic cover at Salamandra.

GoGold Resources Ltd. is pleased to provide an update on its Parral Tailings Project in Mexico. Construction is going extremely well with the heap leach facility approximately 60% complete. Pad preparation is progressing on schedule with liner installation well underway. Power lines are under construction and water wells are prepared and ready for mechanical installation. Approximately 50% of the steel works have been delivered to site and are being constructed with the remaining structural materials arriving over the next few weeks. Overall the project is on schedule and on budget. The company expects to begin stacking ore in April with gold and silver production commencing in May 2014. There are numerous pictures available at www.gogoldresources.com that further illustrate the work completed and the progress being made.

El conglomerado minero y ferroviario Grupo México, de Germán Larrea, ya participa en el sector energético mexicano.

San Juan drill intersections include 10.343 g/t gold over 3.19 meters
and 1,218.1 g/t silver over 1.17 meters

SilverCrest Mines Inc. is pleased to announce results of further delineation underground drilling completed in Q4, 2013 at the Santa Elena Mine in Sonora, Mexico. Twenty two closely-spaced (est. 25 metres) underground drill holes, totaling 1,590 metres have been completed to better define underground resources and verify widths and grades for the first planned production stopes to be mined in 2014 (see table below and attached Figure: http://media3.marketwire.com/docs/svlfig0217.jpg). The results of all holes included in this news release will be part of a resource update scheduled to be completed in H2 2014.

MAG Silver Corp. is pleased to provide an update on its exploration and development projects in Mexico. At December 31, 2013, the Company had cash of US$25 million, which is sufficient to maintain all of its properties and currently planned programs through 2014 and into 2015.