Tag: Exploration and Development

United States Antimony Corporation announced initial mill feed assays from its Los Juarez silver-antimony-gold property. The assays were 0.728% antimony, 6.22 ounces of silver (193 grams) per metric ton, and 0.023 ounces of gold (0.7 grams) per metric ton and represent 1,415 tons of dump rock mixed with soil from the Minas Grande open pit that was 30 meters deep. There is no assurance that these values will continue in other areas of the property

Minaurum Gold Inc. is pleased to announce the identification of two new targets at its 100%-controlled El Pórfido gold-skarn/porphyry project. The 4,666-hectare project lies within 90 kilometers of the prolific Guerrero Gold Belt in the southwestern part of the Mexican state of Puebla. The property was staked by David M. Jones, who was responsible for the discovery of the Los Filos mine in the Guerrero Gold Belt, presently operated by Goldcorp.

IMPACT Silver Corp. is pleased to announce that the Company has successfully moved its newest silver mine into production. The commencement of production at the Cuchara-Oscar Mine represents IMPACT’s fourth underground silver mine taken from discovery to production at the Royal Mines of Zacualpan Silver District in Mexico.

Arian Silver Corporation, a silver exploration, development and production company with a focus on projects in the Zacatecas silver belt of Mexico, announces that toll milling fully resumed on 16 February 2013.

Highvista Gold Inc. is pleased to report that it has commenced its third drill program at its Republicana gold/silver discovery on the Company’s 100% owned Canasta Dorada Project located in the Sonoran Gold Belt, in Sonora State, Mexico.

Bacanora Minerals Ltd. is pleased to announce it has executed a farm-in agreement with Rare Earth Minerals Plc, a London Stock Exchange listed company, to participate in drilling and project evaluation of the El Sauz and Fleur Lithium concessions in northern Mexico. El Sauz and Fleur are adjacent to and along strike from the La Ventana concession. The Company’s latest inferred lithium resource estimate for Ventana (see Bacanora’s Preliminary Economic Assessment for Ventana dated January 24, 2013, as previously disclosed in the Company’s news release dated January 25, 2013) is 60 million tonnes believed to contain 930,000 tonnes of Lithium Carbonate Equivalent (“LCE”) averaging 3,000 ppm Li (1.6% LCE).

Source Exploration Corp. announces results of ground based magnetic and Induced Polarization geophysical surveys undertaken by Geofisica TMC SA de CV at its Las Minas project located in Veracruz State, Mexico.

The shadowy case of two men, reportedly the CEO and CFO of U.S.-based exploration firm Southridge Minerals, found dead in a river in Mexico, seems likely to be linked to an elaborate scam, says Duncan Tucker, a British journalist based in the Latin American country.

The agreement was entered into on March 3rd, 2010 between the Company’s Mexican subsidiary, VicRes Mining Mexico S.A. de C.V., and collectively, Aztec Zinc de Mexico S.A. de C.V. and Copper Canyon S.A. de C.V. The terms of the Agreement included a schedule of payments and work programs to earn its 70% interest. The Company successfully completed the terms by paying to the Owners $300,000 and issuing a total of 14,000,000 common shares. The Company was also required to conduct work programs aggregating $2,500,000. As part of the terms of the agreement, the company will now proceed to enter into a joint venture agreement reflecting the 70% undivided interest of the Reforma property.

Coeur d’Alene Mines Corp offered to buy Orko Silver Corp, topping a bid from First Majestic Silver Corp and opening a race for control of one of the world’s largest undeveloped silver deposits.