Category: Exploration and Development

Bandas narcos controlan minas de carbón en México

La denuncia repercute en México a través del diario Reforma: grupos de narcotraficantes gestionan la explotación de minas de carbón en e l estado de Coahuila con el apoyo de tres empresas que los ayudan a lavar dinero. Casualmente en estos días las tres empresas mineras más grandes de México (una de ellas propiedad de Carlos Slim) anunciaron inversiones multimillonarias en el sector.

Mineras anuncian nuevas inversiones

Las tres mayores empresas mineras con capital mexicano, Grupo México, Industrias Peñoles y Frisco, anunciaron que invertirán 6,715 millones de dólares en el 2012 y el 2013, manteniéndose en sus máximos niveles históricos en ese rubro.

Cangold Discovers Four New Gold Zones At Plomo

Cangold Limited provides an update from the recent field work program on the Plomo gold project in northern Sonora, Mexico. Further geological mapping and detailed surface rock sampling was completed to locate and delineate complex structural zones and associated low grade bulk tonnage gold mineralization for follow-up drill testing. Several new areas of gold mineralization were discovered such that the Plomo project now has nine gold zones associated with low angle faulting within a one and a half by five kilometre area.

Focus Makes New Discovery at Reventon: 98 g/t Ag over 24m in Trench

Focus Ventures Ltd. is pleased to announce assays from initial channel sampling at its Reventon property within the Santa Cruz project. Prospecting and sampling has confirmed high-grade silver mineralization associated with multiple zones of hydrothermal breccias in areas of strongly anomalous silver-in-soil geochemistry.

Yale Uncovers 25 Metres Averaging 0.67 g/t Gold at Orofino

Yale Resources Ltd. is pleased to report that a phase one work program performed on behalf of the optionee Overlord Capital Corp. has successfully confirmed multiple gold-silver soil anomalies as well as a trench over 25 metres averaging 0.67 g/t gold within the Orofino Project, located in Sonora State, Mexico.

MAG Silver Confirms Start of Phase 2 Drill Program on Canasil’s La Esperanza Project in Durango and Zacatecas States, Mexico

Canasil Resources Inc. announces that MAG Silver Corp. has confirmed that the Phase 2 drill program has started and is currently in progress at Canasil’s La Esperanza silver-lead-zinc project in Durango and Zacatecas States, Mexico. The planned program includes up to 3,500 metres of diamond drilling to test silver-lead-zinc veins in the northwest of the project area. This drill program will be part of the CAD 1,500,000 exploration expenditures required between September 2012 and September 2013 under the option agreement for MAG to earn a 60% interest in the La Esperanza project.

Fresnillo approves study for San Julian project

Mexican silver producer Fresnillo PLC said Thursday the Board has approved the feasibility study for the development of the 500 million dollar San Julian silver project, is a key project in reaching the Company’s goal to produce 65 million ounces of silver and 500,000 ounces of gold per year by 2018.

All News