Category: Exploration and Development

Labriegos de la región de Ixtacamaxtitlan pidieron que la Comisión Nacional del Agua (CNA) realice una investigación para deslindar responsabilidades sobre el agua que está utilizando la minera canadiense Almadels Minerals en la comunidad de Tulixtic pues advirtieron que el líquido no está siendo provisto con permiso de esa comunidad.

Santacruz Silver Mining Ltd. is pleased to announce that pursuant to the San Felipe Agreement with Hochschild Mining, dated August 18, 2011, it has exercised its option to acquire the 48,057.33 hectare El Gachi project located 30 kilometers from the San Felipe project in Sonora state.

VVC Exploration Corporation is pleased to announce the optioning by VVC Exploración de México S. de R.L of the La Tuna Property to Exploración Río Placer S. A. de C. V. in consideration for payments aggregating US$3,520,000 payable over a 12 year period ending on December 31, 2025, and the retention by VVC Mexico of a 1% Net Smelter Return Royalty with a buy-back option for US$1,000,000. During the term of the option the Optionee will have exclusive mining rights to the La Tuna Property. The US$3,520,000 aggregate payment includes (1) the US$500,000 required to acquire 100% interest in the Concessions, and (ii) the 1% installment payment payable on a monthly basis on every dry metric tonne of ore processed. The Optionee can at his discretion terminate the option at any time by provide the proper notices provided in the Option Agreement.

A Mexican Indian community is demanding that a Candian mining company be stripped of seven concessions, accusing it of carrying out illegal exploration work.

Sierra Metals Inc. is pleased to report that a Federal Court in the State of Chihuahua has granted to the Company a temporary suspension of the adverse resolution issued by the State Court of Chihuahua, Mexico. A final verdict by the Federal Court is pending. The Company will continue to vigorously defend this claim by applying the proper legal resources necessary to defend its position. Sierra continues to believe that the original claim is without merit.

Westminster Resources Ltd. announces that diamond drilling of the 3D-IP Montoso
chargeability anomaly, Sonora, Mexico, is in progress. The multiple square kilometer porphyry deposit style of chargeability patterns at Montoso are associated with copper-gold-silver soil anomalies related to well developed iron-oxide (hematite, goethite) and sericite-clay alteration zones and leached cappings.

Mammoth Resources Corp. is pleased to report that it has received additional assay results from samples taken from its geological team exploring the company’s Tenoriba Property, located in the prolific Sierra Madre precious metal belt in south western Chihuahua State, Mexico (refer to the company’s web site www.mammothresources.ca, for a detailed location map).

Tarsis Resources Ltd. is pleased to announce that it has signed a non-binding Letter of Intent with Almaden Minerals Ltd to acquire a 100% interest in four gold/silver properties located in Nayarit and Jalisco, Mexico and two gold properties in Nevada, USA. Work is underway to consummate the acquisition through a formal agreement.

Riverside Resources Inc. is pleased to announce that the Company has completed final earn-in requirements to the underlying concession holder for the Penoles Project, located in Durango, Mexico. In making the final cash and share payments Riverside has satisfied all terms of the option with its Mexican partner to earn its 100% interest in the Penoles Project.

Catalyst Copper Corp. announces that it has received a letter dated March 1, 2013, from an affiliate of Teck Resources Limited offering to grant Catalyst’s wholly owned Mexican subsidiary, Minera Hill 29 S.A de C.V. the option to acquire Teck’s interest in the La Verde property. The Purchase Option is subject to Teck, Catalyst and Minera Hill negotiating and signing a binding agreement by April 2, 2013, and is subject to TSX-V approval.