Tag: Exploration and Development

Scorpio Mining Corporation is pleased to announce that the proposal to expand its 100% owned Nuestra Señora processing plant, located in Sinaloa, Mexico has been approved by its Board of Directors.

Base Case Study Shows an Internal Rate of Return of 19.5 % Before Tax and 14.8 % After Tax;
Estimates Recovery of 131 Million Ounces of Silver and 190 Thousand Ounces of Gold, 1.4 Billion Pounds of Zinc and 1.0 Billion Pounds of Lead in the Near Surface 30 Percent of the Cordero Resource

Azure Minerals has recommenced diamond drilling at its wholly owned El Tecolote Project in Mexico with an increased exploration budget from its joint venture partner, Japanese Government organisation Japan Oil, Gas and Metals National Corporation (JOGMEC).

Newstrike Capital Inc TSXV:NES announced assays from its Ana Paula project in Mexico. Results include

0.88 g/t gold over 14.3 metres
0.56 g/t over 36.6 metres (including 1.5 g/t over 7.3 metres)
0.75 g/t over 46 metres (including 1.27 g/t over 14 metres)
1.54 g/t over 73 metres
0.63 g/t over 54.3 metres (including 1.21 g/t over 12.3 metres)
0.67 g/t over 27.4 metres (including 1.58 g/t over 6.2 metres)

Sonora Resources Corp., a mineral exploration and development Company focused on the acquisition of international silver and gold mining properties, is pleased to announce the results from its ongoing surface program of measuring and sampling of the extensive historic surface dumps at the Ayones Project undertaken November 8-13, 2011.

Westridge Resources Inc. is pleased to announce that it has received final approval from the TSX Venture Exchange of the option agreement entered into by its wholly-owned subsidiary, Minera Westridge S.A. de C.V. with Musgrove Minerals Corp. and its wholly-owned subsidiary, Minerales Jazz S.A. de C.V., pursuant to which Minera has been granted the option to acquire up to a 100% interest in an to certain mineral concessions in the United Mexican States known as the Charay Project.

JOGMEC increases El Tecolote 2011/12 Exploration Budget to US$2.27 million
Drilling program increased to 4,000 metres
Second drill rig mobilised

Mineral exploration company, Evrim Resources has released the first assay results from the drill program, which is being conducted at the Suaqui Verde project located in Sonora, Mexico.

Source Exploration Corp. reported today that drilling at its Las Minas project has intersected high-grade gold, silver and copper mineralization and extended the mineralized skarn zone by a further 125 metres on strike for a total known strike length of approximately 840 metres.

Canasil Resources Inc. announces that MAG Silver Corp. has completed three drill holes to date at the La Esperanza silver project in Durango and Zacatecas States, Mexico, and all three holes have intersected quartz vein and quartz vein breccia. Visible base metal sulphides have been noted. A fourth hole is in progress as part of a planned 4,000 metre drill plan for 2012. Assay results for these intercepts have not been received and will be announced when available.