Tag: Exploration and Development

Amarium Technologies Inc., through its wholly owned subsidiary Amarium Minerals Inc., reports that the Company’s first shipment of copper production to Anglo Asia Resource Partners is currently in transit. The initial copper shipment of 65,000 pounds to its destination in China begins the fulfillment of the copper stream sales agreement the Company entered into with Anglo Asia on June 5, 2013. Anglo Asia Resource Partners is a private Hong Kong partnership that is focused on procuring precious and base metals for the Asian market’s manufacturing and industrial supply chain.

Geologix Explorations Inc. is pleased to provide an update regarding both its operational progress and its preparations for arranging the financing required to commence operations at the Company’s Tepal Project in Mexico.

Gold Reserve Inc. has completed a property-wide aeromagnetic survey and has taken over 1,350 soil and rock samples on the La Tortuga property.

Riverside Resources Inc. is pleased to provide an update on the status of its option agreement with partner Sierra Madre Developments Inc. for the Company’s Peñoles Project. In 2011, Riverside and Sierra Madre entered into an option agreement whereby Sierra Madre could earn an initial 51%. To-date, Riverside has received $2,100,000 in cash and shares from Sierra Madre, which helped cover Riverside’s exploration investment costs. Sierra Madre also incurred more than $3,000,000 in drilling and exploration expenditures. The remaining requirements to earn 51% include a payment of $1,350,000 in cash, $1,500,000 in shares and $750,000 in further exploration expenditures.

Torex Gold Resources Inc. is pleased to announce that permit conditions to start construction have been satisfied and site construction has begun at its Morelos Gold Property in Mexico.

Almaden Minerals Ltd. is pleased to announce the results from Almaden’s ongoing 2013 Ixtaca Zone drill program at the Company’s 100% owned Tuligtic project, Mexico. Almaden has commenced an infill drilling program with three of the four rigs currently drilling on the project. The infill program has been designed to upgrade resources currently in the inferred category to the higher confidence measured and indicated categories. At the same time one drill rig is focussed on step out drilling to expand the resource. The holes announced today show the continuity of high-grade gold silver veining in the east-west Northern zone defined with previous drilling.

Great Panther Silver Ltd. announces that it has completed a maiden resource estimate for the El Horcon Project and the results are sufficiently encouraging that the Company is moving ahead with permitting for the next phase of exploration.

Sierra Metals Inc. is pleased to announce that drilling continues to expand the boundaries of the high grade silver bodies along the Cusi Fault at Promontorio Mine.

Vista Gold Corp. announced the closing of its previously announced sale of the Los Cardones gold project in Baja California Sur, Mexico, to the Invecture Group and RPG Structured Finance S.a r.l. for US$13 million.

The Company reports that its field crews have made a discovery on its 100% owned El Cobre property Sonora, Mexico. The new Sierra Target consists of hydrothermal breccias, with diatreme characteristics and occurs in Miocene volcanic units at an elevation of some 700 meters above, and further to the West of Westminster’s Montoso porphyry system currently being explored under option by Capstone Mining Corp. Seventeen hand samples were collected and assayed using various ore grade methods which determined an average grade of 4.8% copper, 101 g/t silver (400 g/t cutoff) and 4.4 g/t gold. The slabbed rock samples contained no obvious sulphides but were rich in barium and iron (hematite ranging from about 3% to 12% Fe). The accompanying table shows the highest contents of silver assayed 1,479 g/t (47.4 oz/t), gold 21.79 g/t (0.69 oz/t) and copper 10.2% with these values reported from 3 different samples. These breccias also appear to be rich in bismuth, mercury and tungsten and represent a new deposit type for the Company’s Sonora properties.