Tag: Exploration and Development

VVC Exploration Corporation is pleased to announce that the December 6, 2013 edition of the Juarez Journal in Juarez, Chihuahua State, MX., reported that the head of the National Commission of Natural Protected Areas, Luis Fueyo MacDonald, “promised to make adjustments to the Program Management Protected Area to allow Samalayuca Copper Mining Company to start exploration and exploitation of their Kaity claim.” The property is located in northern Chihuahua State, MX., approximately 60 km to the south of Juarez. This is one of the last hurdles in our process of obtaining all the necessary permits for the start of production at the Samalayuca copper project.

UC Resources reports that mill operations at the Company La Yesca site have been closed during the Christmas holiday season and will be kept on temporary hold in a state of care and maintenance. In the new calendar year the Company will prepare for Hard Rock mining at its Xora Concession. With reducing silver prices and the grade that exists within the tailings on site, it has been determined that a concentration on the higher grade material is the best choice for Company profitability. The Company cannot continue to consistently lose capital though arduous efforts in an attempt to get mill operations running effectively, using the existing feed at the La Yesca location. The Company has not been able to run the mill at La Yesca profitably and with poor precious metal market conditions, depressed gold and silver pricing and lower recoveries from the tailings themselves, Company focus has shifted to the higher grade hard rock material.

Mexus Gold US announced today that progress at the San Felix is being made. Paul Thompson stated, “We have a couple of options we are looking at for the San Felix project both of which will be extremely beneficial to the long term outlook of the company.” On December 21 and 22, Mr. Thompson met with four representatives from a Nevada mining company. There are currently six parties negotiating for the San Felix property.

Se expulsará a las últimas 20 familias que durante dos años se negaron a dejar Mazapil. Autoriza la Semarnat explotar cobre a cielo abierto en Zacatecas
Minera Tahuaya espera extraer diariamente 43 toneladas métricas de cobre catódico de alta pureza. Cada año utilizará en sus procesos 97 mil toneladas de ácido sulfúrico y 850 de explosivos.

The community of Dickinson, N.D., and Fisher Industries lost a leader and friend Dec. 17 with the death of Gene Fisher. He was 84.

Defiance Silver Corp is pleased to announce that it has decided to focus its efforts on the exploration and expansion of the San Acacio silver mine in Zacatecas for which Defiance has an option to acquire a 100% interest. The San Acacio Mine controls over 65% of the Veta Grande Vein which has historically produced in excess of 200 million oz. of silver. In addition to its current resource within the existing mine workings, Defiance has outlined a number of targets that based on historical drilling and sampling results, appear to be both larger and higher grade than initially anticipated.

Marlin Gold Mining Ltd. has completed construction of the mine infrastructure, laboratory, and other support mine buildings at its La Trinidad Mine in Sinaloa, Mexico. In addition, mechanical completion of the crushing plant and conveyor stacking system, ADR, carbon processing and refinery are materially complete. Electrical installation is in process.

Tarsis Resources Ltd. was notified on December 18th, 2013, that Osisko Mining Corporation, who agreed to option out the Erika Gold Project in Guerrero State, Mexico, will not be continuing with its option to explore at the Erika property and Tarsis will maintain its 100% ownership of the project.

Riverside Resources Inc. is pleased to announce that through its wholly owned subsidiary, Riverside Resources Mexico, S.A. de C.V., the Company has signed an agreement with Paget Southern Resources S. de R.L. de C.V., a wholly owned subsidiary of Pembrook Mining Corp., granting Paget the option to earn up to a 100% interest in the Coatan Gold Project. In order to earn an initial 70% interest, Paget will have to incur $1,800,000 in exploration expenditures over four years and make $27,460 in cash payments to Riverside. Upon exercising the Initial Option, Paget will have the option to acquire the remaining 30% by paying $1,500,000 in cash to Riverside within one year. In the event that Paget acquires a 100% interest in the Project, Riverside would retain a 2% Net Smelter Return royalty, or if either party’s interest falls below 10% it will be converted to a 2% NSR.

Lowell Copper Ltd. and Minaurum Gold Inc. are pleased to announce that they have entered into a binding letter agreement in respect of, among other things, the grant of an option on Minaurum’s Santa Marta VMS project in Oaxaca, Mexico.