Mexico mining investment slumps to six-year low
Investment in Mexico’s mining sector slumped in 2016, partly due to lower exploration spending.
Investment in Mexico’s mining sector slumped in 2016, partly due to lower exploration spending.
Gregory A. Beischer, President & CEO commented: One of the senior members of Millrocks Mexico exploration team is highly familiar with the San Francisco Gold Mine. In comparison to San Francisco, he reports many similarities in the rocks and structures exposed on the El Picacho project. This is the first designated project to come out of our Alliance with Centerra and we look forward to working on this project with them.
We are excited that the recently announced drill program has already returned one of the widest intercepts ever drilled at San Acacio. The results demonstrate that wide vein widths and high grades continue at depth and along strike at the San Acacio Silver Deposit. We look forward to releasing further results as drilling proceeds along the 1.2 km of historic workings as well as the newly defined Quartz-Pyrite Breccia target, all which have the potential to substantially increase the size of the current resource. said Bruce Winfield, President and CEO of Defiance Silver Corp.
Brian Robertson, President and CEO stated, “This agreement, which secures Mexican Gold’s right to acquire ownership of these key core concessions, marks a major milestone for Mexican Gold. I wish to thank the property owners for their kind co-operation and unwavering support for Mexican Gold. We now look forward to the initial mineral resource estimate for the El Dorado/Juan Bran and Santa Cruz zones and the continuing advancement and development of this highly mineralized property.
Minera Alamos Inc. is pleased to announce the appointment of Ruben Padilla to its Board of Directors. Mr. Padilla is the appointee of Osisko Gold Royalties Ltd., pursuant to the investment agreement between the Company and Osisko. For further details, see the Companys press release dated May 30, 2017.
“We are very excited to partner with Harvest Gold on the Cerro Cascaron project”, commented Paddy Nicol, Evrim’s President and CEO. “Harvest’s management team has a demonstrated history of successful project development and we are confident in their commitment to the Project. Cerro Cascaron, with its district scale high grade gold and silver systems, is the type of project that an exploration company such as Harvest can take an aggressive approach to explore and develop quickly. Exploration at the Project is expected to commence shortly with the aim to identify several targets for drill testing later in 2017.”
Plata Latina Minerals Corporation is pleased to announce that Metalúrgica Reyna, S.A. de C.V., a wholly-owned subsidiary of Fresnillo PLC, has recently initiated a multi-rig drilling program at Plata Latina’s Naranjillo project where Plata Latina had previously obtained numerous high-grade Ag-Au drill intercepts (up to 3,181 g/t silver and 13.28 g/t gold over 10.95 metres). The Naranjillo project is the subject of the purchase option agreement with Reyna announced on April 3, 2017. Drilling results will be announced as they become available.
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