Tag: Exploration and Development

Oroco Resource Corp. is pleased to announce that it has been advised by its Mexican legal counsel that the Mexican Federal Appeal Court has rendered an oral decision which materially affects the status of the Santo Tomas concessions. The decision will nullify a 2016 judgement which had resulted from an unwarranted claim to the Concessions by Aztec Copper Inc. and its Mexican subsidiary. The Company is waiting for written confirmation of the appeal court decision prior to the resumption of trading.

Goldplay President and CEO Marcio Fonseca commented, ‘The Nava Zone, located to the west of the San Marcial resource, is shaping up to be a potentially significant low sulphidation epithermal gold target. Geological mapping and geochemical data indicate evidence of gold mineralization at the upper portion of a large low sulphidation epithermal system, opening opportunities for upcoming drilling to delineate future areas for resource definition. In addition , the presence of high-grade individual results in wide mineralized zone and presence of visible gold as recently announced from channel sampling in historical tunnels at Nava, encourages the Company to continue exploration at Nava.’

‘The Company views the receipt of this data as very significant as it will provide a great deal of information that Colibri can use in continued development of Pilar. Colibri will be creating a new 3D model of the Main Zone and plans to complete infill and exploration expansion drilling as required,’ stated Colibri President & CEO Ron Goguen.

La empresa Corpomin reportó, durante los primeros minutos de hoy, la caída de una costra formada en la parte superior de la mina de Cerro Prieto, ubicada en Julimes.

La petición para replantear fechas en torno al “Proyecto de Explotación y Beneficio de Minerales Ixtaca”, informó la dependencia, surgió de la propia autoridad municipal, con miras a que la reunión informativa no se considere como un acto proselitista en el marco de la elección extraordinaria.

“With the four newly discovered vein zones, we have now built an inventory of 20 vein zones hosted in a 10km long by 5.5km wide corridor,” stated Darrell Rader, President and CEO. “The new concession now brings the Alamos project to over 37,000-ha, which we are confident encompasses all of this rapidly growing vein corridor.”