Category: Exploration and Development

Bandera Gold Ltd. announced today it has signed a non-binding Letter of Intent with Minera San Jorge, S.A. de C.V., a Mexican corporation, and its affiliates to settle the existing disputes for the mining properties located in Mexico referred to as the Cinco Minas and Gran Cabrera properties, whereby the Company will sell its interest in the Properties to MSJ for a minimum of US $6,500,000. The Company negotiated the Letter of Intent with MSJ using a third-party facilitator.

Orko Silver Corp. is pleased to announce that a field exploration program has commenced on the Esmeralda Targets area of the La Preciosa Silver-Gold Project in Durango, Mexico. The Esmeralda Targets area, located 12 kms northwest of Orko’s La Preciosa deposit, consists of a series of major fault controlled blocks, with three historic mining workings called El Cristo, La Blanca and La Esmeralda.

Mexican mining firm Grupo Mexico said on Tuesday it had filed a motion against a ruling by the Delaware Supreme Court, which had ordered it to pay around $2 billion to Southern Copper Corp over an asset sale.

Oroco Resource Corp. is pleased to provide an update on the mapping and sampling program currently underway on its 100% owned Xochipala Property in Guerrero State, central Mexico.

Xtierra Inc. today announced the results of a 2,032 metre 9-hole programme of infill drilling on the main Bilbao deposit. The objectives of the campaign were to check grade variability and to increase confidence in the resource blocks that would be mined within the first three to four years of underground production.

Sundance Minerals Ltd., is pleased to announce that it has entered into an option agreement with Paget Minerals, Corp., whereby Paget can earn up to a 60% interest in the San Ricardo Gold-Silver Property in northern Sonora State, Mexico. The Property is located within the prolific state of Sonora in the vicinity of numerous porphry, mesothermal and epithermal gold-silver-copper deposits.

Cangold Limited announces that it has terminated its option agreement with Brigus Gold on the Ixhuatan Gold Project in Chiapas, Mexico.

Paget Minerals Corp. announced today that it has entered into an option agreement with Sundance Minerals Ltd. whereby Paget can earn up to a 60% interest in the San Ricardo Gold-Silver Project located within the prolific porphyry and epithermal gold-silver-copper belt of northern Sonora State, Mexico.

Excellon Resources Inc. is pleased to announce the ending of the illegal blockade at the Company’s La Platosa mine in the state of Durango, Mexico, which had been ongoing since July 8, 2012 by the Ejido la Sierrita with the assistance and funding of the non-governmental organization ProDESC and the Sindicato Nacional de Trabajadores Mineros Metalúrgicos, Siderúrgicos y Similares de la República Mexicana, which is affiliated with the United Steelworkers.

McEwen Mining Inc. is pleased to announce results of the Feasibility Study for its 100% owned El Gallo Phase II in Sinaloa, Mexico. The Feasibility Study was prepared by M3 Engineering, Independent Mining Consultants and SRK Consulting in accordance with the requirements of Canadian National Instrument 43-101 “Standards of Disclosure for Mineral Projects”.