With an operating life of 10 years estimated from the tailings, the companys plan is to generate revenue to explore and develop the large disseminated gold and silver zone associated with the El Tigre vein system.
Gold Reserve Inc. has completed a property-wide aeromagnetic survey and has taken over 1,350 soil and rock samples on the La Tortuga property.
Riverside Resources Inc. is pleased to provide an update on the status of its option agreement with partner Sierra Madre Developments Inc. for the Companys Peñoles Project. In 2011, Riverside and Sierra Madre entered into an option agreement whereby Sierra Madre could earn an initial 51%. To-date, Riverside has received $2,100,000 in cash and shares from Sierra Madre, which helped cover Riversides exploration investment costs. Sierra Madre also incurred more than $3,000,000 in drilling and exploration expenditures. The remaining requirements to earn 51% include a payment of $1,350,000 in cash, $1,500,000 in shares and $750,000 in further exploration expenditures.
Torex Gold Resources Inc. is pleased to announce that permit conditions to start construction have been satisfied and site construction has begun at its Morelos Gold Property in Mexico.
Agave Silver Corp. is pleased to provide an update following the successful completion of the corporate reorganization. As announced on October 3, 2013, the Company completed its share consolidation and change of name and closed the first tranche of its non-brokered private placement.
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