Tag: Exploration and Development

Riverside Resources Inc. is pleased to announce that it has signed a Definitive Agreement with a private Mexican company to acquire an undivided 100% interest in the Cajon Gold Project. The 94 km2 Project is located approximately 7 km east of the Cerro Colorado Mine and approximately 55 km west of the San Francisco Mine, within the Sonora Megashear Gold Belt, and in the source area of the Boludo placer gold fields, one of northern Mexico’s most productive placer districts. Recent exploration work completed by the private company, and its past option partner, demonstrates excellent potential with a number of historically sampled high-grade mineralized systems covering 10 separate target areas.

The Company is pleased to provide an update on the stockpiled ore at its three working mines; Morelos, La Luna, and Peneto. The Company is a 45% shareholder in New World Metals, the owner of these three mines located in Chihuahua, Mexico. New World has informed the Company that they have continued to stockpile the ore they have recovered at all three mine locations, and have increased the amount of stockpiled ore by an additional 1,000 tons to a total of 9,000 tons of ore. This stockpiled ore will form the initial supply of ore that New World plans on processing once it has acquired and installed a processing plant on location at two of the mine sites.

Paramount Gold and Silver Corp. today reported additional outstanding results from ongoing core drilling on its 100%-owned San Miguel Project in northern Mexico. Paramount has been drilling at San Miguel since late last year with two core drill rigs.

Rare Earth Minerals PLC is pleased to announce that the current drilling programme has significantly increased the potential size of the Fleur-El Sauz Lithium Project in Northern Mexico. Drilling is continuing.

Camino Minerals Corporation is pleased to announce that drilling is underway at the Maijoma Project located in Chihuahua State, Mexico. This is the first ever drill program to be carried out at Maijoma, which is prospective for the discovery of a zinc-lead-silver carbonate replacement deposits and skarns. Camino plans to drill a minimum of four holes in the 1,000 metre reverse circulation drill program.

BACANORA MINERALS LTD. is pleased to announce that its Stage 2 drilling program on the Fleur and El Sauz concessions in northern Mexico continues and is nearing completion. The Company has received analytical results from an additional 7 holes, in addition to the 6 holes previously announced, of the Stage 2 drill program. Furthermore, Bacanora has commenced construction of a pilot plant to refine the metallurgical treatment process for the overall Sonora Deposit.

Freyja Resources Inc. announced today that it has completed the first phase of its exploration program on its recently acquired Las Cristinas copper/silver project located in Northeastern Chihuahua State, Mexico. More specifically, the first phase of the exploration program focused on the Southern end of the Property and on the following priorities:

Tosca Mining Corp. announces results from recent exploration activity carried out on its Carol Copper project, located in the State of Sonora, Mexico.

Catalyst Copper Corp. announces that it has terminated the non-binding letter of intent with Teck Resources Limited for the 100% acquisition of the La Verde project by Catalyst which was announced by Catalyst on October 8, 2013.

Oroco Resource Corp. is pleased to report the announcement by Goldgroup Mining Inc. of the completion of its Phase 1 development of the Cerro Prieto Mine in Sonora State, Mexico and the commencement of Cerro Prieto gold production.