Month: October 2013

Excalibur Resources Ltd. is pleased to announce that it has signed a second Addendum to the September 22, 2010 Joint Venture Agreement whereby it will increase its ownership in the 49% owned subsidiary Minera Catanava S.A. de C.V. in Pinos, Zacatecas, Mexico by acquiring an 11% stake from the 51% of the common shares held by its partner Minera Apolo S.A. de C.V. for US$1,000,000 and a 2% Net Smelter Return royalty on anything produced in the Pinos District, excluding production from the existing Catanava area with the following conditions. Excalibur will make the cash payments in four installments of US$250,000 over 4 years after Catanava reaches full production of three shifts per day or after reaching production of at least 100 tpd, whichever comes first. Each of MASA and Excalibur will retain two of the four seats on the Board of Directors of Catanava and MASA will be represented with one seat of the five seats on the Board of Directors of Excalibur.

Vista Gold Corp. today announced that it has signed a binding agreement to sell its debt and equity participation in the Los Cardones gold project in Baja California Sur, Mexico, to the Invecture Group for US$13 million.

Orex Minerals Inc. is pleased to announce that additional trenching and reconnaissance channel sampling have extended the target for over 1.6 kilometres strike-length on the Impulsora structures of the Coneto Gold-Silver Project in Durango, Mexico. Results from the northernmost 380 metres were released on 20 August 2013. The following results are in addition to the previously released results and are all to the southeast. A technical committee, with representation of Orex and its project partner Fresnillo plc (LSE:FRES) (“Fresnillo”), is managing the Coneto exploration program.

Radius Gold Inc. is pleased to report that drilling has started at the Santa Brigida epithermal silver-gold property located approximately 80 kilometres east-northeast of the city of Guanajuato in Mexico.

Azure Minerals Limited hereby advises that Fat Prophets, a Sydney-based financial services and investment research company, has released an independent research report on Azure’s recent discovery of the Cascada high grade copper-gold-silver deposit. Cascada is part of the Company’s Promontorio Project located in the Mexican state of Chihuahua.

La Semarnat recibió seis proyectos entre el 19 de diciembre de 2012 y el 4 de octubre de este año, pero sólo aprobó a Minera Frisco

For the first time in 75 years Mexico is ready to allow foreign oil extraction for finding its rich natural resources.

Precipitate Gold Corp. is pleased to report results from ongoing due diligence work related to the Cecilia Project in Northeastern Sonora state, Mexico. Precipitate has the right to elect to proceed with an option to earn a 100% interest in the project. Due diligence work completed to date has included, but is not limited to: bottle roll test work, the acquisition and evaluation of previously unattainable historic drill core and reports from prior operators, review of the property’s concession and surface title rights, environmental/archeological evaluation, and surface and underground channel and grab sampling programs. The due diligence period expires October 24, 2013.