Mercator Minerals Ltd. is pleased to provide an update on activities at its El Pilar copper project in northern Sonora, Mexico. Ongoing activities include continuing to de-risk the Project through additional metallurgical testing, which has already commenced, and completion of the final environmental permits for constructing the power line to the Project. All other permits for construction are already in place.
Vista Gold Corp. today announced the positive results of a Preliminary Economic Assessment for its Guadalupe de los Reyes gold/silver project in Sinaloa, Mexico.
Livermore’s discovery of microscopic gold in northern Nevada in the early 1960s sparked a modern-day gold rush and established the region as one of the world’s premier gold districts.
Exeter Resource Corporation is pleased to announce that it has entered into two option and joint venture agreements with Canadian company, San Marco Resources Inc., for the exploration of the Angeles and La Buena gold-silver properties located in Mexico.
Avino Silver and Gold Mines Ltd. reports that upgrading and expansion of its San Gonzalo mine on the Avino property near Durango, Mexico continues to progress rapidly. At San Gonzalo, activities in February were centered on underground development and mining as well as delivering new underground mining equipment. At the main Avino Mine, efforts have been focused on water treatment and de-watering to allow access to lower levels for exploration and development.
San Marco Resources Inc. has granted two options to Exeter Resource Corporation to acquire interests in each of the Company’s La Buena and Angeles properties in Mexico. Should Exeter earn fully into each option, total exploration funding by Exeter would be $15M for La Buena and $20M for Angeles, including $2.4M of committed expenditures and $250,000 cash payments primarily during 2013. All expenditures and cash payments can be accelerated at any time at Exeter’s election. Details of the business arrangements are as follows:
Soltoro Ltd. Soltoro Ltd. has completed six additional diamond drill holes at the El Rayo primary silver project in Jalisco, Mexico to test for sulphide mineralization at depth below the known Las Bolas deposit. Results have been received from four holes to date. On January 18, 2013, Soltoro announced results from drill hole Ray 12-152 which intersected 91.3 metres of 129 g/t silver equivalent including 11.2 metres of massive sulphide mineralization grading 537 g/t silver equivalent encountered at the base of the hole. The four holes drilled along strike from hole RAY12-152 at 50 metre spacings all encountered sulphide mineralization extending the deep sulphide zone 200 metres along strike (Ray13-158 is pending). Ray13-155 is a step-out hole drilled below Ray12-152. Results are as follows:
Cayden Resources Inc. is pleased to announce that it has received the first payment of $7.88 million USD from Desarrollos Mineros San Luis, S.A. de C.V. as a result of the previously announced sale of 2,492 hectares of non core land holdings of the Morelos Sur East concession.
Silver Bull Resources, Inc. is pleased to announce the drill results for the fifth and final batch of drill holes from the underground drill program twinning a series of “long holes” in the high grade zinc zone situated below and adjacent to the high grade silver zone, located at the eastern end of the Shallow Silver Zone on the Sierra Mojada Project in Coahuila, Northern Mexico.
Last year, GoGold Resources issued millions of shares and worked for months to acquire Absolute Gold Holdings for its Parral project in Mexico, home to a huge heap of tailings left behind after 300 years of operations at the Mina La Prieta mine.
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