Category: Exploration and Development

Corex – Vale Complete Agreement on Santana Property

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 Begins Implementation of the Don Roman Production Plan

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 Strikes Option Deal With Canadian Mining Company to Acquire up to 100% of San Bernardo Project

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.

Niega Semarnat permisos a Minera Autlán en Tlataluquitepec

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.

Cayden Resources Sells a Fraction of its Morelos Sur Gold Concession for $15.7 million

Cayden Resources Inc. is pleased to announce the sale by Cayden’s Mexican subsidiary LC Mines, S.A. de C.V. of two blocks of the eastern portion (15%) of its Morelos Sur Concession “Morelos East Concession” to Desarrollos Mineros San Luis, S.A. de C.V., Goldcorp’s subsidiary which owns and operates the adjacent Los Filos mine in Guerrero State, Mexico.

Fortuna closes transaction for the Taviche Oeste Concession, and drills 427 g/t Ag and 2.77 g/t Au over 12.3 m on new extension zone at San Jose mine, Mexico

Fortuna Silver Mines Inc. is pleased to announce that the transaction to acquire the Taviche Oeste Concession (Fortuna news release January 24, 2013) has now closed. Fortuna has acquired a 55 percent interest in the property for a US$4 million cash payment and entered into an option agreement whereby upon announcement of a production decision, Fortuna may purchase the remaining 45 percent interest for a US$6 million payment. The Taviche Oeste concession is subject to NSR royalties totaling 2.5 percent.

Tepal PFS Optimization Study Increases Mill Gold Recovery 16%, Silver 31%

Geologix Explorations Inc. is pleased to announce that recent prefeasibility study optimization metallurgical test work indicates the potential to increase overall gold recovery in the sulphide mill design by 16.4% and silver recoveries by 31.4% compared to the April 2011 Preliminary Assessment Study completed by SRK Consulting (Canada) Inc. Sulphide processing material in the PA accounted for 90% of the total processed material (10% Oxide).

Patriot Minefinders Engages Arseneau and Associates to Update NI 43-101 Technical Report

Patriot Minefinders Ltd. is pleased to announce that it has engaged Arseneau and Associates to conduct a review and update of the historical NI 43-101 technical report on KM 66 that was prepared by Wardrop Engineering (now Tetra Tech) for Great Panther Silver Ltd., with the goal of establishing a current NI 43-101 compliant resource estimate in the La Gloria and Las Palmitas areas.

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