Category: Exploration and Development

Evrim Resources Corp. is pleased to announce that crews have mobilized to the Suaqui Verde and Cardelena copper projects in Sonora, Mexico. Evrim’s exploration partner, Inmet Mining Corporation, has approved a $1.32 million program consisting of geological mapping, geophysical surveys, and a 2,300 metre drill program.

Paramount Gold and Silver Corp. today reported outstanding new drill results from extensions to the La Union deposit which sits within the 7.5 km. long Guazapares Megastructure at its 100% owned San Miguel Project in northern Mexico. Of 13 new core holes drilled, 10 intersected significant gold and silver values which are expected to improve the size and grade of San Miguel’s estimated resources.

International Northair Mines Ltd. is very pleased to announce the acquisition of a significant package of mineral concessions totaling nearly 32,000 hectares contiguous to the Company’s La Cigarra silver project located in the state of Chihuahua, Mexico. The land package was acquired through an option agreement, staking and purchase to cover permissive ground that surrounds the Company’s original La Cigarra concessions. Drilling at La Cigarra by the Company has outlined a potentially surface minable mineralized system with an open ended strike length in excess of three (3) kilometres. An initial resource estimate utilizing the results from 111 core holes and 11 reverse circulation holes covering 2,400 metres of this system is presently being calculated.

MAG Silver Corp. is pleased to announce that Roscoe Postle Associates Inc. has completed the first independent mineral resource estimate for the Bridge Zone/Jose Manto on its 100% owned Cinco de Mayo Property in northern Chihuahua, Mexico. Inferred Mineral Resources are estimated to be 12.45 million tonnes at 132 grams per tonne (3.9 ounces per ton) silver, 0.24 g/t gold, 2.86% lead, and 6.47% zinc (9.33% lead plus zinc).

Wealth Minerals Ltd. is pleased to announce that geological mapping and sampling at the Valsequillo property has provided confirmation of bulk-tonnage potential. In the Western Corridor (Figure 1, Table 1), discovery of additional veins and silicified fault zones now outlines a priority target area measuring approximately 900 metres long and 1,000 metres wide. Sampling of artisanal workings (29 samples) returned encouraging grades peaking at 494 g/t silver, 1.07 g/t gold, 11.9% zinc, 4.09% lead and 9.47% copper (data ranges and mean grades are provided in Table 1). Phase II exploration is now being planned with the goal of defining priority targets for drill testing.

Alphamin Resources Corp. is pleased to announce that it has transferred the “Aurora” concessions in the area of Coyuca de Catalan, Guerrero State, to Cigma Metals Corporation.

Scorpio Mining Corporation today announced an independent updated Mineral Resource estimate for its 100% owned San Rafael Development Project in Sinaloa State, Mexico completed by Mine Development Associates of Reno, Nevada (“MDA”).

Arian Silver Corporation, a silver exploration, development and production company with a focus on projects in the silver belt of Mexico, is pleased to announce that it has received positive results from an independent metallurgical report as part of its plan to construct and operate a new custom plant and milling facility at its 100% owned San José operation in Zacatecas, Mexico.

Grupo Mexico and GE Power Conversion business have partnered to expand capacity at the Buenavista copper mine in Sonora, Mexico with GE’s proprietary Quadramatic drive technology.

Kimber Resources Inc. today provided an update on work currently underway on the Carmen gold-silver deposit at its Monterde Project, Mexico. Kimber Resources has commenced detailed mapping and sampling of the rehabilitated underground workings that cut through the Carmen deposit. This is the first time these underground workings have been subject to systematic channel sampling.