Tag: Exploration and Development

NSX Silver Inc. is pleased to announce assay results from its recently completed Phase 2 drilling program at its Dios Padre Silver Project located in Sonora State, Mexico. These results are from holes DP-17-2013 through DP-32-2013 which were drilled in and beneath the area of historic mining; both in the area of old pit and adjacent to the underground mine workings. Seventeen (17) drill holes were completed during the first quarter of 2013 for a total of 3,220 meters.

NWM Mining Corporation is initiating a drill program with the objective of adding mineral resources and mineral reserves at the Company’s Lluvia de Oro mine in Sonora, Mexico. The primary focus of the program will be to upgrade a significant portion of the currently defined inferred resources (approximately 200,000 ounces / 17,000,000 tonnes at 0.36 g/t Au)*1 at the Lluvia de Oro deposit to a status of measured and indicated mineral resources. The cost structure of the current mining operations indicates that these mineral resources can then be converted to mineral reserves. In addition, the drill program will also aim to define new inferred resources along strike from the currently defined mine reserves. An updated reserve/resource estimate is expected to be completed during the summer of 2013.

Scorpio Mining Corporation announces its planned 2013 exploration program, which will concentrate on developing new resources within and around the Nuestra Señora Mine and explore for new resources within its 100% owned 26,819 hectare land package in the Cosalá District, Sinaloa, Mexico.

Santacruz Silver Mining Ltd. announces that further to its press releases of November 20, 2012 and January 15, 2013 the Company has received the results from the final five diamond drill holes of its 6,000 meter Phase one diamond drill program at its 100% owned Gavilanes Silver project in Durango, Mexico. The 7,347 hectare Gavilanes property hosts a low sulphidation epithermal system, where seven high silver grade veins and stockwork mineralized structures have been identified to date. The Phase one drill program was designed to test three of seven known silver-bearing veins and a stockwork area. The drill results reported herein are from the Guadelupe-Soledad-Aranzazú (GSA) vein.

Catalyst Copper Corp. announces Minera Torre de Oro SA de CV (“Teck”) and Minera Hill (Catalyst) have made substantial progress on the form of Definitive Agreement pursuant to which Teck would be willing to sell its interest in the La Verde property to Catalyst. In order to complete their negotiations the parties have agreed to extend the deadline for execution of a Definitive Agreement from April 2, 2013 to April 10, 2013.

El Tigre Silver Corp. is pleased to report that the drilling program started on January 18, 2013 continues to perform well with 31 holes completed and 3,714 meters drilled. El Tigre is drilling on concessions that are part of the Company’s 431 square kilometer ownership in Sonora, Mexico.

Southern Silver Exploration Corp. reports today that Freeport-McMoRan Exploration Corporation, optionee of an indirect interest in the project, has provided details of 2012 exploration and 2013 proposed drilling programs.

– Core Holes: 29.5 gpt Gold over 2.0 m & 37.2 gpt Gold over 1.1 m

– Surface Trench: 112.9 gpt Gold over 1.7 m, within 20.9 gpt Gold over 12.7 m

Prospero Silver Corp. is pleased to announce that its JV partner Minera Hochschild Mexico, S.A. de C.V. has commenced a 3,000 meter Reverse Circulation drill program in the northern Cebollas target area at the Baborigame project in Chihuahua. This initial program on the northern part of the 8,458 Hectare claims is aimed at multiple targets defined during the past 6 months. Sampling over the felsic igneous body 2.5 km in length shows both rock-chip and soil sample anomalies, which indicate potential to host both near surface, bulk tonnage as well as high grade vein mineralization.

Mammoth Resources Corp. is pleased to report that gold observed from two core samples of un-oxidized hydrothermal breccia and an altered felsic volcanic selected for preliminary metallurgical test work occurred in as free gold associated with pyrite along pyrite grain fractures and on grain surfaces and that the rock in these samples was not oxidized. It is the opinion of Dr. Perez, who studied these samples that the gold is most likely leachable with cyanide and does not exhibit any major metallurgical complexities.