Arco Resources Corp. announces that it has entered into a purchase and sale agreement dated May 24, 2013 with Highlander Overseas Inc., a private company incorporated in the West Indies. Under the Agreement, Arco has agreed to sell Highlander a 100% interest in Arco’s Tres Hermanas, La Luna and Predilecta properties (the “Properties”) located in Oaxaca, Mexico, subject to TSX Venture Exchange approval.
El presidente de la Cámara Mexicana de la Industria de la Construcción (CMIC) en Zacatecas, Salvador González García dijo que es insuficiente la obra pública, por lo que se gestiona que los proyectos federales sean asignados preferentemente a empresas locales, además de incentivar una mayor incursión en el sector privado, principalmente en la minería.
Toda una tradición en la industria minera de México lo es Avino, considerada como la primera mina que operó en la antigua zona de Nueva Vizcaya, hoy el Durango moderno.
El funcionario federal dio a conocer, por otra parte, que será hasta dentro de unas semanas cuando la Camimex, desgloce los proyectos de inversión que tiene para 2013, aunque se adelantó que serán por 8 mil millones de dólares en todo el País, pues ya hay proyectos en Sonora, Zacatecas, Durango y en las dos Baja Californias.
La empresa Frisco podría cerrar debido a lo incosteable que resulta tener paradas las labores. En la Minera trabajan unas mil personas. Las pérdidas son de consideración, además al bajar la venta de metales -como la plata-, comienza a no ser atractiva para la minería.
A new 5-percent mining royalty tax passed by the Mexican Congress in April is sending a chill through the country’s mining sector, especially in light of the recent pullback in precious metals prices.
Goldcorp Inc., the worlds biggest producer of the metal by market value, must renegotiate for land at its biggest mine after losing a legal appeal in Mexico.
Soltoro Ltd. participates in discoveries and advancements at the Coyote property through its ~15% equity holding in Argentum Silver Corp. and its retained 3% N.S.R. royalty interest. Soltoro announced by press release issued on May 13, 2013 certain information concerning work done by Argentum Silver on the Coyote property, by replicating Argentum Silver’s press release of the same date. Soltoro has been advised that Argentum Silver has retracted the May 13, 2013 press release, with the following information which Soltoro is also releasing:
Yale Resources Ltd. has been notified by Mammoth Resources Ltd. that they have decided to not proceed with the option to earn up to a 100% interest in the Urique Property. The formal termination of the Agreement is subject to Mammoth fulfilling certain termination obligations as set forth in the original agreement.
Exeter Resource Corporation is pleased to announce that the initial results from the first 7 drill holes at the Angeles property in northern Sonora state, Mexico have intersected significant gold, silver, copper, lead and zinc mineralization. Drilling has initially targeted the La Bonanza area, a site of historical mining at the turn of the 1900’s. Importantly, the current drilling program is the first ever to test the Angeles property.
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