Tag: Exploration and Development

Kimber Resources Inc. today announced results from its underground rehabilitation and sampling program within the historic Carmen Level 1, underground workings of the Carmen deposit at the 100% owned Monterde gold-silver project in Chihuahua, Mexico. Level 1 is the middle and most extensive of three levels developed on the Carmen deposit. Assay results from Level 1 at Carmen show significant strike lengths of high grade gold and silver mineralization remaining on the vein structure that were not removed by mining in the 1930’s and 1940’s. The continuity of these high grade zones, over significant strike lengths, supports the potential for similar continuity of high grade zones intersected in other areas of the Carmen deposit.

Garibaldi Resources Corp. is pleased to provide shareholders the following exploration review for the year 2012. The company undertook regional evaluations at its five 100% owned projects in Mexico: Tonichi, Rodadero, and Badesi in Sonora State, Iris in Chihuahua State, and Sianori in Durango State.

Golden Tag Resources Ltd. is pleased to report the Updated Resource Estimate completed by SGS Canada Inc. on the San Diego Deposit located in the Velardeña camp in Durango State, Mexico. The property is a 50-50 joint venture between Golden Tag and Golden Minerals Company. Golden Tag is the operator and is earning an additional 10% interest to a 60% interest by funding additional exploration on the property.

SilverCrest Mines Inc. is pleased to announce results of further delineation drilling at the Santa Elena Mine in Sonora, Mexico. One hundred and eleven holes of a revised planned 114 holes have been completed to re-categorize Indicated and Inferred Resources to Probable Reserves and expand current underground Resources. This drill program continues to be extremely successful and several of the most recent holes have identified additional bonanza grade (as defined below) intercepts and two new zones (El Cholugo and El Cholugo Dos) that lie below and are sub-parallel to the Main Mineralized Zone currently being mined. All holes included in this program will assist with resource confirmation and reclassification, the results of which will be included in the upcoming Pre-Feasibility Study for the Santa Elena Expansion Project.

Radius Gold Inc. is pleased to announce that it has signed a binding agreement with a private exploration company to option a 10,800 hectare property which hosts a low-sulphidation, epithermal silver-gold vein system located approximately 80 km ENE of the city of Guanajuato in Mexico. Radius has named the project “Santa Brígida” after the Santa Brígida vein, one of the historically mined veins on the property.

+50 Million Ounces of Silver Resource Grading 76 g/t silver within a Constraining Shell

Posterior al encuentro, se daría una audiencia pública en la que se trataría el tema de la barrenación que pretende hacer la empresa Frisco.

* Expects zinc demand to be steady in ’13

* Smelters seen obtaining higher treatment charges this year

Mammoth Resources Corp. is pleased to announce that it has received results from the X-Ray Diffraction (XRD) analysis performed on 72 samples collected on a portion of its 8,100 hectare Tenoriba project, located in southwestern Chihuahua State, Mexico. The XRD analysis identified the presence of numerous alteration minerals, which when combined with the presence of vuggy silica, silicic, advanced to intermediate argillic alteration, in rocks covering an approximate 15 square kilometer area, provide further compelling evidence that the Tenoriba project hosts a high-sulphidation precious metal target. The association of Kaolinite and Dickite in particular identifies almost complete acid attack of an advanced argillic alteration system, which is a compelling observation indicating a strong and active epithermal system. Refer to Figure 1. – Sample Location Map of XRD Samples, Tenoriba Project.

Riverside Resources Inc. is pleased to provide exploration results and program updates for recent work completed at the Company’s Naranjo and Huacana projects in Mexico. Both projects are being advanced under the iron-oxide copper gold (IOCG) Strategic Alliance with partner Cliffs Natural Resources Exploration Inc., a wholly-owned subsidiary of Cliffs Natural Resources Inc. Riverside is currently managing a fully funded USD$450,000 work program now underway at the Huacana Project. The exploration work program consists of geologic mapping and rock-chip sampling, soil and stream-sediment sampling, re-examination of previous drill core, analytical studies, and an aeromagnetic-radiometric survey. Soil and stream-sediment sampling data have been received and are being interpreted; initial results are confirming and expanding the previously known positive results for a porphyry copper system.