Fresnillo plc today announced that it has acquired 2,000,000 units of Orex Minerals Inc. pursuant to a non-brokered private placement at a purchase price of C$0.50 per Unit for a total of C$1,000,000. Each Unit consists of one common share of Orex and one half of a share purchase warrant of Orex with each whole share purchase warrant exercisable for one Share at a price of C$0.75 per Share.
NSX Silver Inc. is pleased to provide an update on the exploration programs at the Dios Padre and Oso Blanco silver projects located in Sonora State, Mexico.
Golden Tag Resources Ltd. is pleased to announce encouraging results from three recent drill holes in an ongoing surface drill program on the San Diego Property, Velardeña Mining District, Durango State, Mexico. These holes confirm a 100 m extension to the west of wide zones of mineralization discovered in 2011. The westward extension of mineralization crosses from limestone into the adjacent Diorite Intrusion where a large area of mineralization hosted in altered and silicified Diorite (Endoskarn) is being delineated. Mineralization currently has an apparent strike length of 200 m, a width of 130 m and a vertical height of 300 m. Mineralization remains open and further drilling will be needed to establish the exact geometry of the new zone. The discovery increases the potential for the deposit to be bulk mining amenable.
Selwyn Resources Ltd. is pleased to announce that Jay A. Collins and Mark A. Lettes have been appointed to the Board of Directors of Selwyn. Harlan Meade said, “I am pleased to welcome Jay and Mark to the Selwyn Board and look forward to working with them. Their experience in the mining industry and project financing will provide valuable insight as the Company advances its core mine development projects.”
Bowmore Exploration Ltd. is pleased pleased to announce the results from its summer drilling campaign on the Chivas property, located in Sonora province, Mexico. The drilling outlined a new hydrothermal mineralized breccia structure at Mesa Blanca, and also extended laterally and at depth the Piedra Rodante high grade low-sulfidation structure discovered by Amex’s Mexican subsidiary ‘Minerales X-Ore’ in 2006.
Scorpio Mining Corporation today announced an independent updated Mineral Resources estimate for its 100% owned El Cajón Development Project in Sinaloa State, Mexico completed by Mine Development Associates of Reno, Nevada.
McEwen Mining Inc. is pleased to announce that El Gallo Phase I in Sinaloa State, Mexico has achieved its first gold production (Fig. 1 & 2). The mine, which is 100% owned by McEwen Mining, is expected to produce 10,000 ounces of gold during the balance of this year. In 2013, the annual production is forecasted to be 30,000 ounces of gold.
Quaterra Resources Inc. and its 50% joint-venture partner Blackberry Ventures I, LLC, today announced that an independent preliminary economic assessment has concluded that their Nieves silver property in Zacatecas State, Mexico, has the potential to be developed as an open pit mine that would average more than five million ounces of silver production per year over a projected ten-year mine life.
Mexus Gold US is a company engaged in the evaluation, acquisition, exploration, development and production of mining properties and conducts salvage operations for the recovery of precious metals.
Endeavour Silver Corp. announces that exploration drilling at Endeavour’s Bolanitos Mine in Guanajuato State, Mexico continues to intersect high silver and gold grades over mineable widths, extending the known mineralized zone in the Daniela vein to more than 950 meters (m) long, still open for expansion.
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