Tag: Exploration and Development

Oceanus Resources Corporation announces details of its 2014 exploration program for the La Lajita Gold Property in Mexico.

Oroco Resource Corp. is pleased to announce that the Federal Tribunal of Mexico has granted the Company’s appeal of the decision of the lower Federal District Court and has ordered that all aspects of the 2011 Guerrero State Court auction of a 50% interest in the Celia Gene and a 100% interest in the Celia Generosa concessions be set aside. The decision of the Federal Tribunal confirms that the Company’s subsidiary, Minera Xochipala, S.A. de C.V., is the sole registered owner of 100% of each of the Celia Gene and Celia Generosa concessions and terminates the competing claim of Mr. Avinadain Bautista arising from the Court Auction of the Camacho Interest.

Excalibur Resources Ltd. provides an update on theprogress at its 49% (60% pending completion of deal with MineraApolo) owned subsidiary Minera Catanava de C.V. The concentratetesting work, including assay results from a commercial lab, hasshown that we can produce a very good grade concentrate of between300 and 500 grams of gold per ton and around 1 to 2 kilograms silverper ton. Two samples of 400 grams of concentrates were sent for fireanalysis and plasma induction of 33 elements which were assayed atERSA Global Labs of Torreon, Coahuila, Mexico. The silver, as well asthe gold recuperation, will increase when flotation cells areinstalled which is planned for later this year. “Given theanticipated amount and logistics of producing concentrates, it ispreferable to pour dore, so a large tilt and pour dore furnace hasbeen ordered,” commented, Dr. Don McLeroy.

Marlin Gold Mining Ltd. reports today that the first gold pour at the La Trinidad project will occur later this month. The pregnant, barren and contingency ponds are complete with piping scheduled to be complete by this weekend. Approximately 120,000 tonnes of material have been placed on the pad, and leaching will commence late next week.

Big North Graphite Corp. has received the assay results from the verification sampling completed by R.Tim Henneberry, P.Geo., as part of his due diligence review for the NI43-101 report to support the acquisition of Grafito de Mexico S.A. and its El Tejon flake graphite mine and mill. The sample results ranged from to a low of 2.46% Cg to a high of 5.11% Cg (percent graphite carbon).

Kootenay Silver Inc. is pleased to report it has completed mapping, core logging and compilation of results from its recently completed 5,500 meter phase of the 2013 drill and resource expansion program on its flagship Promontorio Silver Project in Sonora, Mexico. The current analysis of drill results marks the conclusion of the 2013 drill season.

Hace tres años, la minería mexicana vive un momento de gran promesa y potencial. Derivado de las reformas emprendidas hace unos años, se han flexibilizado y modernizado las políticas públicas que han facilitado los permisos y generado inversiones que ya suman más de 23 mil mdd.

BIG NORTH GRAPHITE CORP. is pleased to announce that that further to the Company’s press release of December 19, 2013, the Company has entered into a share purchase agreement with MAG Exploration Services Inc. and Cesar Javier Guajardo Villarreal to acquire all of the shares of Grafito de Mexico, S.A. de C.V., held by the Vendors (which shares represent 97.5% of the issued and outstanding share capital of Grafito). Grafito is the registered and beneficial owner of the El Tejon property.

Cayden Resources Inc. is pleased to announce that it has received results from its ongoing surface exploration program at its El Barqueño property located in Jalisco State, Mexico. The trenches are from the Angostura, Poncho West and Zapote target areas. Highlights include 17 meters of 3.18 g/t Au,13 meters of 3.56 g/t Au,14 meters of 2.18, and 4 meters of 5.58 g/t Au (please see Table 1 for a full presentation of results).

Source Exploration Corp. is pleased to announce the commencement of a 2,800 metre diamond drilling program at its Las Minas property. The drilling will focus on delineating higher-grade zones of skarn mineralization outlined by earlier drilling programs at the Eldorado and Santa Cruz discovery areas in preparation for an initial resource calculation.