Day: October 2, 2013

Precedent-setting case could bring more accountability to Canadian industry abroad.

DynaResource, Inc. is pleased to announce that DynaResource de Mexico S.A. de C.V., the 100 % owner of the San Jose de Gracia Property in northern Sinaloa, Mexico, received on September 30, 2013 from the Secretaria de Medio Ambiente Y Recursos Naturales, the Federal Environmental Authority in Mexico, the approval and permission which allows for the exploitation and mining activities at the San Pablo Area of SJG. Under the terms of the Semarnat Exploitation Permit, DynaMexico will be restricted to conducting exploitation activities within the San Pablo Area of SJG (as defined in the Map of the San Pablo area as submitted to Semarnat).

Tarsis Resources Ltd. is pleased to announce exploration and assay results from its Yago gold-silver property, located in Nayarit State, Mexico.
During August 2013, a focused orientation was conducted at two historical locations referred to as La Tejona and La Sarda within the central and northern parts of the property, respectively. At both sites, previously reported vein zones were re-exposed and channel samples were collected using a diamond blade rock saw.

Excalibur Resources Ltd. is pleased to announce that it has signed an Addendum to the September 22, 2010 Joint Venture Agreement whereby its 49% owned subsidiary Minera Catanava de C.V. will acquire 100% of the Pinos District mining claims held by its 51% partner Minera Apolo de C.V. in exchange for the forgiveness of the $2 million loan that Excalibur has provided to finance the construction and operations of the 150 tpd plant at Catanava. Apolo will receive 2 million shares of Excalibur upon the completion of the transfer of the mining claims, when signed, notarized and registered in the Public Mines Registry in Mexico City. Excalibur will also begin to pay rent of US$8,000 per month on the old tailings pond area for which the surface land title is held by Apolo, after Catanava begins to generate US$100,000 dollars per month in positive cash flow. Finally, Catanava agrees to increase the production output in the existing plant to a target of 600 tpd over the next three years.

Santacruz Silver Mining Ltd. reports additional results from its ongoing 2013 diamond drill program at its San Felipe project in Sonora State, Mexico. Drilling continues to focus on the La Ventana, Las Lamas and Transversales veins.