Month: September 2015

“We are very pleased with the early results from our exploration programs at Cerro Pelon and La Yaqui with step-out drilling indicating the potential to expand the mineral reserve and resource base at both deposits. These satellite deposits are expected to provide our lowest cost production at Mulatos and are a significant source of near term production growth. These remain our highest priority exploration targets at Mulatos. Following up on the strong results to date, we are adding additional rigs to target these new zones of mineralization through the end of this year,” said John A. McCluskey, President and Chief Executive Officer.

Torex Gold Resources Inc. is pleased to announce that its 100% owned subsidiary Minera Media Luna, S.A. de C.V. has signed a letter of intent with the Ministry of Public Safety of the State Government of Guerrero, endorsed by the Federal Government, for the provision of permanent police presence in the areas adjacent to the Company’s Morelos Gold Property in southwest Mexico.

Timmins Gold Corp. is pleased to announce that it has entered into an agreement with a Mexican subsidiary of Goldcorp Inc. to acquire the complete process plant and select auxiliary equipment used in the operation of Goldcorp’s El Sauzal Mine in Chihuahua, Mexico. The El Sauzal Mine was operational until December 2014 when it began its closure.

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.