Day: September 17, 2015

Baja Mining: Access to Boleo Plant Restricted

Baja Mining Corp. has been advised by Minera y Metalúrgica del Boleo, S.A. P.I. de C.V. that access to and from the Boleo site located near Santa Roselia, Baja California Sur, Mexico is being restricted by the local authorities. Senior management of MMB has informed Baja that the Municipality of Mulegé has claimed it is entitled to certain construction permit-related payments from MMB. The restrictions result directly from these claims. Baja and MMB believe that resolution of the legal appeal launched to resolve this matter still remains before the courts and consequently the Municipio has acted without legal authority in imposing restrictions.

Minera Alamos Inc. Initiates Drilling on Historic North Deposit

Minera Alamos Inc. reported today that it has commenced drilling on the North Deposit of its 100% owned Los Verdes project in Sonora Mexico. The Company purchased the North Deposit (formerly Potreritos) in late 2011 from the General Mines Direction of Mexico in order to extend the mine life of the Los Verdes project.

Odyssey Marine Exploration Provides Update for “Don Diego” Phosphate Project and Renegotiates Bank Loan Agreement

Coring and testing completed to date, and calculated on a NI 43-101 compliant basis, verified by expert third parties, have determined that the resource estimate includes 588 million tonnes of phosphate ore with an average in situ P2O5 of 18.1%, comprised of 114.9 million ore tonnes of measured phosphorite, 243.6 million tonnes of indicated phosphorite and 229.9 million tonnes of inferred phosphorite. This is an increase of 19% from the last reported resource estimate of 494 million (measured, indicated, inferred) tonnes of phosphate ore.

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