Category: Exploration and Development

Minera Frisco -propiedad del magnate Carlos Slim- suspendió los trabajos de exploración en el cerro de “Las Espejeras” del municipio de Tetela de Ocampo luego de las protestas generadas por los pobladores del lugar en los últimos meses.

Azure Minerals (ASX: AZS) has been awarded a 100% interest in the Loreto Copper Project in the highly prospective Baja California Sur by the Mexican Government.

Tarsis Resources Ltd. is pleased to announce it has optioned its Erika property, located in southern Mexico, to Osisko Mining Corporation. The Option and Joint Venture Letter Agreement grants Osisko the right to earn up to a 75% interest by funding exploration and development of the property and making cash payments to Tarsis. Key terms of the Agreement are as follows:

Bandera Gold Ltd. has released a summary of an independent report regarding a special site visit to the Company’s Cinco Minas mining property on December 15-16, 2012, in Jalisco, Mexico. The site visit was documented with video and photo evidence demonstrating that the mine site has been non-operational for the past several years.

Great Panther Silver Ltd. is pleased to announce that underground drilling programs at the Company’s wholly owned Guanajuato Mine Complex have been successful in intersecting high grade silver-gold mineralization in the historic Valenciana Mine area and discovering two new zones of silver-gold mineralization in the Guanajuatito Mine area.

Corex Gold Corp. is pleased to announce that it has finalized the Agreement with a wholly-owned subsidiary of Vale S.A., wherein Vale may acquire up to a 65% interest in the Company’s Santana Project by making work expenditures of $16,000,000. The objective of this alliance is to further develop the copper-gold porphyry target on the Santana Project, in Sonora State, Mexico.

Tara Minerals Corp. is pleased to report that work has begun towards the implementation of the Don Roman Mine & Mill Production Plan. Geological work, including the continuation of surveys, detailed mapping, sampling and start-up mine location work, is being managed by Steve Eady, Chief Geologist. The mill site upgrade work has also begun and includes water well sourcing, process circuit optimization, maintenance and refurbishment of equipment, and the installation of additional staff housing/offices. Tom Claridge, Senior Mining and Plant Engineer, will manage all mill site work.

Ironwood Gold Corp. in the execution of its business plan to develop a high quality portfolio of exploration properties containing known deposits of gold is pleased to announce that it has signed a definitive Option Agreement with Canadian Mining Company Inc. to acquire 100% of CMC’s Raquel 3 and 3B mining concessions in the Alamos Mining district of Sonora, Mexico. The Option was granted by Canadian Mining through its wholly-owned Mexican subsidiary Canmin Mexico S.A. de C.V.

La Secretaría de Medio Ambiente y Recursos Naturales (Semarnat) rechazó el Informe Preventivo presentado por la Compañía Minera Autlán S.A. de C.V. sobre la petición para autorizar labores de exploración de yacimientos de metales en el municipio de Tlatlauquitepec.

Paramount Gold and Silver Corp. reported today that results from the Preliminary Economic Assessment for its 100%-owned San Miguel Project in Mexico are scheduled for release in late February, 2013. Exploration drilling also continues on key targets in the high-grade Don Ese area.