Tag: Exploration and Development

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. The 2013 drill program is focussed on expanding the known resource immediately along strike to known mineralisation, adjacent to the current resource shell and within what is considered a potential pit shell. Highlights from the holes released today include the following intercepts.

Xtierra Inc. is pleased to announce the successful completion of an additional drilling campaign in the southern part of its silver-zinc-lead-copper project in the state of Zacatecas, Mexico. All six drill-holes, with a total of 1784.10 metres, encountered thick intersections of good grade mineralization with notable high grade silver intersections throughout. Four of the drill-holes showed highly mineralized intervals comprising massive to semi-massive sulfide mineralization varying between 20 and 40m in thickness. A summary of the principal intersections for each of the drill-holes is listed below.

Soltoro Ltd. has discovered the previously unknown Talayote gold zone as part of its ongoing regional mapping and sampling program. Soil sampling detected several isolated gold anomalies in the area and follow-up geologic mapping and rock sampling revealed a series of northwest-trending quartz veins. Veins in the Talayote area are similar in orientation to those in the El Rayo gold deposit, located approximately 1.5 kilometres to the southeast. Thirty-two samples have been collected from the Talayote area to date.

Argentum Silver Corp. is focused on advancing its Coyote silver-gold project while reducing holding costs on the balance of its property portfolio. As a result an internal claims review designed to reduce operating costs, Argentum has elected to reduce the size of one of its claims in Jalisco State and two of its claim in Oaxaca State.

Cream Minerals Ltd. wishes to announce that the Company has entered into a letter of intent for the sale of the Company’s Nuevo Milenio Silver-Gold Property to a British Columbia numbered company controlled by a consortium group which includes shareholders of Cream for consideration of $600,000. The Transaction will take the form of a sale of all of the outstanding shares of the Company’s wholly-owned subsidiary, Cream Minerals de Mexico S.A. de C.V., which owns 100% of the 2,612.5 ha Nuevo Milenio Silver-Gold Property located in Nayarit State, Mexico. The Transaction is subject to the execution of a definitive agreement, as well as disinterested shareholder approval and the approval of the TSX Venture Exchange.

Riverside Resources Inc. is pleased to announce the signing of a three year, US$1.8M strategic exploration alliance with a wholly-owned subsidiary of Antofagasta Plc for generative exploration in the major copper belt of northwestern Mexico in the eastern part of the state of Sonora. The Alliance will focus on finding and developing new large copper deposits using Riverside’s extensive technical knowledge of copper systems and strong generative exploration team strategically based in Hermosillo, Sonora, Mexico.

Colibri Resource Corporation is pleased to provide an update of exploration activities at the 6418.5 hectare Colibri Gold Project near the town of Caborca in Sonora, Mexico. In March of 2011, Colibri entered into an option and joint venture agreement with the current project operator, Agnico Eagle Mines Limited. Please refer to Company news release dated March 2, 2011 for details. AEM refers to the project as the Pitaya Project. AEM has met the expenditures needed to earn-in to a 51% share of the project.

Endeavour Silver Corp. announces that exploration drilling at the Company’s Bolañitos mine in Guanajuato State, Mexico has intersected three high grade, gold-enriched silver mineralized zones near historic mine workings in the Asuncion, La Luz and Plateros areas of the La Luz vein system.

Big North Graphite Corp. announces that as part of the Company’s previously announced program of test mining at the Nuevo San Pedro project in Mexico (see News Release of May 24, 2013), Big North has mined and stockpiled approximately 160 tons of amorphous graphite. Big North initiated the test mining/bulk sampling program, as recommended by the Company’s NI 43-101 Technical Report titled “Mexico Graphite Project: Aki Wiki and Nuevo San Pedro Concessions”, to test the existing active and inactive workings. The Company will continue its mining operations and stockpiling as sales options are being reviewed.

Azure Minerals Limited is pleased to announce further exceptional mineralised drill intercepts from the Company’s Cascada copper-gold-silver project, located in the Mexican state of Chihuahua.