Tag: Exploration and Development

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 Agnico Eagle Mines Ltd. Please refer to Company news release dated March 2, 2011 for details. AEM refers to the project as the Pitaya Project.

NSX Silver Inc. is pleased to announce initial results from its ongoing detailed mapping and sampling program on the Santa Rosalita and La Prieta zones located on the Piedras del Norte and Oso Blanco 1 mining concessions. These two concessions along with the Oso Blanco 2 concession are 100% owned by the Company and comprise approximately 6,000 hectares of highly prospective ground in the vicinity of the Dios Padre Project.

McEwen Mining Inc. is pleased to announce that the Company will be expanding the El Gallo 1 Mine in Sinaloa, Mexico. The Company expects this expansion will significantly increase gold production for a small amount of capital.

RTC assets include 3 ore supply agreements from 3 high grade ore mines, 2 from within the United States and one internationally. It also has a processing agreement with Plasma Processing LP (“PP LP”) which utilizes patent pending, plasma technology to increase the rate of extraction of precious metal concentrates. RTC currently is a 1/3rd net revenue share partner with both the mining property owners and PP LP.

Minaurum Gold Inc. is pleased to announce the identification of four new target zones at its 10,783 hectare Jackie gold-silver project in Guerrero State, Mexico. The skarn/porphyry project is located within 70 kilometers of the Guerrero Gold Belt and shares important geological characteristics with the mines of that district. Jackie was staked by David M. Jones who was responsible for the discovery of Goldcorp’s Los Filos mine in the GGB.

El Tigre Silver Corp. is pleased to report another round of assay results from the 2013 drilling program that was concluded on April 12, 2013. A total of 38 holes were completed and 4,862 metres drilled. This drill program is targeting a 1.2 kilometre stockwork zone on concessions that are part of the Company’s 431 square kilometre ownership in Sonora, Mexico.

Tara Minerals Corp. reports that Yamana Mexico Holdings B.V., a subsidiary of Yamana Gold Inc., has exercised its option to not complete the acquisition of American Copper Mining S.A. de C.V., the holder of the Picacho group of concessions, from its subsidiary, Adit Resources Corp.

Kootenay Silver Inc. is pleased to announce that an updated resource estimate prepared by SRK Consulting (U.S.) Inc. of Lakewood, Colorado incorporating the gold content contained into the mineral resources of its flagship Promontorio Silver Project, due to new metallurgical data and information which supports recovery of gold. This updated resource estimate does not incorporate any drilling completed since the resource estimate announced August 21, 2012.

McEwen Mining Inc. announces that follow-up core holes at the new Central Zone have expanded the gold mineralization in several directions. Central is located inside the Company’s El Gallo 1 mine in Sinaloa, Mexico (Fig. 1). It is situated between two known resources, where mining began on April 1st (Fig. 2). Based on the results in this news release plus prior holes, there appears to be good potential to mine the area as one enlarged open pit rather than as two separate pits.

Sierra Metals Inc. (previously Dia Bras Exploration) is pleased to announce that drilling has encountered wide zones of mineralization in both the Upper and Lower Skarn horizons located 600 m northwest of the major ore-hosting zones of the Bolivar (Alta Ley) Mine. In addition, step-out drilling from the El Gallo deposit has extended that mineralized zone 600 m to the northeast with high grades of zinc in the Upper Skarn horizon.