Tag: Exploration and Development

Torex Gold Resources Inc. is pleased to report that the resource drilling program at its Media Luna target in Mexico, continues to intersect high grade Au-Ag-Cu mineralization over significant widths, including, in the West Zone, 27.02 g/t Au eq. over 5.2m in borehole WZML-28 located outside the magnetic anomaly, and 17.54 g/t Au eq. over 5.2m in borehole WZML-24. Highlighted intercepts in the North East Zone include, 7.68 g/t Au eq. over 16.7m in borehole NEZML-04A; 3.91 g/t Au eq. over 49.5m in borehole NEZML-20 and 13.61 g/t Au eq. over 8.4m in borehole NEZML-27.

Tarsis Resources Ltd. is pleased to announce that it has begun exploration at the newly acquired BP property, located 60 km south of Carlin, Nevada. The BP property is being explored for Carlin-style gold mineralization along the Rain Trend.

Soltoro Ltd. has received positive gold and silver assay results from ongoing mapping and sampling at its 100% owned Tecolote Project in Jalisco, Mexico. The 3,052 hectare Tecolote Project is located less than 10 kilometres north of Soltoro’s El Rayo primary silver project and 10 kilometres northeast of Grupo Mexico S.A.B. de C.V.’s El Barqueño property currently optioned to Cayden Resources Inc.

La empresa minera asegura que ha tomado acciones para atender los reclamos en comunidades como Sangre de Cristo

Revolution Resources Corp. is announcing the agreement to sell the Concepción property to Minera Rio Tinto, S.A. DE C.V. is being terminated. As per the agreement, there was a 60 day due diligence period for each party, and both parties agreed they will not complete the agreement. Terms from the original agreement can be found in Revolution’s news release dated April 30th, 2013.

Mexus’ Paul Pelke has started on the 43-101 report. Drilling to start soon on our target of proven reserves. Mexus plans to restart production approximately 7-1-2013.

Candente Gold Corp. is pleased to report that its Mexican subsidiary company, Minera CCM El Oro Jales S.A. de CV, has signed an agreement for the access and processing rights to historic gold and silver tailings deposits in the El Oro District of Mexico State, central Mexico, where mining grades were in the range of 19 to 80 grams per tonne (“g/t”) gold and 240 to 800 g/t silver.

Torex Gold Resources Inc. announced today that it has received final acceptance of the Environmental Impact Assessment and The Change of Land Use (ETJ) Permits for its Morelos Gold Project in southwestern Mexico. The environmental protection programs, required during construction, have been requested by the regulator (SEMARNAT) and have been submitted by Torex. Upon acceptance of these submissions, construction is anticipated to start in July of this year.

Santacruz Silver Mining Ltd. is pleased to report the first six holes totaling approximately 1,000 meters of the 16,000 meter Phase II drilling campaign on the 100% owned Gavilanes Silver project in Durango, Mexico. The 7,347 hectare Gavilanes property hosts a low sulphidation epithermal system, where seven high grade silver veins and a stockwork area have been identified to date. The Phase II drill program is designed to test the continuation of three of the seven known silver-bearing veins, each of the veins average 1-kilometer in length, and a stockwork area identified in previous drilling. The drill results reported herein are from the GSA vein, GSA Lower vein and Stockwork area of El Hundido. To date, the GSA vein has been drill tested over a strike length of 500 meters showing clear upside potential for an additional 500 meters of identified strike length which is visible at surface. The stockwork area of El Hundido has been successfully drilled over 250 meters on its identified 500 meters of known strike length to date.

Galore Resources Inc. announces a non-brokered private placement of up to 15 Million units at a price of 0.05 per unit to raise gross proceeds of up to 750,000. Each unit will consist of one common share and one share purchase warrant. Each warrant will be exercisable into one additional common share at a price of 0.10 per share for a period of two years from the date of closing of the financing.