Tag: Exploration and Development

Santacruz Silver Mining Ltd. is pleased to announce that it has reached commercial production at the Rosario Mine in Charcas, San Luis Potosi, Mexico.

San Marco Resources Inc. has commenced a Phase I diamond drilling program on its Angeles property in northern Sonora state, Mexico.

The Company is pleased to announce that they have received notice that the Mexican Subsidiary of Agnico-Eagle Mines Limited is scheduled to resume drilling in early May. This will be the second year of work by them on the property since the Earn-in and Shareholders agreement was signed. Under the terms of the agreement, Agnico-Eagle can earn a 51% interest in the property by spending $5 million on exploration over a 5 year period. Agnico-Eagle will then have the option of earning an additional 20% interest by either completing a feasibility study or by spending an additional $10 million in exploration.

First Majestic Silver Corp. is pleased to announce that the Company has been awarded the “2012 Socially Responsible Business Distinction Award”

Sierra Metals Inc. (previously Dia Bras Exploration) is pleased to announce that a pre-feasibility study has been completed by Gustavson Associates, LLC of Lakewood, Colorado, for its Bolivar copper-zinc-silver mine located in Chihuahua State, Mexico. The study, mine plan and reserve estimate are based on Gustavson’s work and mine plan on a lower-grade portion of the resources, mainly at its El Gallo Inferior deposit. The evaluation of the higher grade portions of the mine still require further technical studies, which should result in additional resources and continued feed of ore to its processing plant and potentially lead to future reserve additions over the next 10 months.

Coeur d’Alene Mines Corporation today announced the completion of its acquisition of Orko Silver Corp. pursuant to its previously announced plan of arrangement.

Southern Silver Exploration Corp. reports today that equipment has mobilized and drilling has commenced on the Cerro Las Minitas project located in Durango, Mexico.

Riverside Resources Inc. is pleased to announce the signing of a three year, C$2.25M strategic exploration alliance with Hochschild Mining Holdings Limited for generative exploration throughout the prolific Mega-shear Gold Belt in western Sonora, Mexico. The Alliance will focus on identifying potential new large precious metal deposits using Riverside’s extensive technical knowledge and experience in Sonora. Hochschild will fund C$750,000 on an annual basis (C$2.25M over three years) for generative exploration and Riverside will be the operator for all exploration activities of the Alliance, while all decisions relating to the Alliance will be made jointly through a Technical Committee comprising two representatives from each of Riverside and Hochschild similar in structure to other exploration alliances that Riverside is currently operating in Canada and Mexico.

Garibaldi Resources Corp. is pleased to report that it has completed a transaction to acquire a 100% interest in the 99 hectare La Patilla property located in the Municipality of Rosario, State of Sinaloa, Mexico.

Torex Gold Resources Inc. is pleased to report that two boreholes located approximately 100 metres southwest of the Media Luna magnetic anomaly, intersected mineralization in a non magnetic area. Borehole WZML-30 encountered 5.4 g/t Au eq. over 11.7m and borehole WZML-26 encountered 3.9 g/t Au eq. over 4.6m. In addition, the inferred resource drilling program continues to intersect high grade mineralization over significant widths within the Media Luna magnetic anomaly target at the Company’s Morelos Gold Project in Mexico. Highlighted intercepts from the three known mineralized zones reported today, include borehole NEZML-22, which intersected 8.81 g/t Au eq. over 38.2m; borehole WZML-31, which intersected 5.34 g/t Au eq. over 29.9m; borehole WZML-35, which intersected 4.09 g/t Au eq. over 37.3m; borehole CZML-03, which intersected 20.66 g/t Au eq. over 6.0m; and borehole NEZML-24, which intersected 8.49 g/t Au eq. over 13.7m.