VANCOUVER, Dec. 29, 2015 /CNW/ – Santacruz Silver Mining Ltd. (“Santacruz” or the “Company”) (TSX.V:SCZ) announces its subsidiary Impulsora Minera Santacruz S.A. de C.V. has entered into a short-term loan facility (the “Loan”) with Trafigura Mexico, S.A. de C.V. (“Trafigura”) in the principal amount of US$ 725,000. The Loan bears interest at LIBOR plus a spread, payable monthly in arrears, with the principal to be repaid in six equal monthly installments commencing January 31, 2016. The Loan has been secured by certain personal assets of a director and officer of the Company.
Month: December 2015
Torex Announces Its First Gold Pour
TORONTO, ONTARIO–(Marketwired – Dec. 29, 2015) – Torex Gold Resources Inc. (the “Company” or “Torex”) (TSX:TXG) announced today its first gold pour of an estimated 350 ounces, and a similar amount of silver, in Dore, from its 100% owned El Limon-Guajes Mine (ELG) in southwest Mexico. The entire processing circuit, from crushing through to dry stack tailings disposal, is now operational and has been used in the production of these first ounces.
Highlights for exploration in Mexico during the fourth week of December 2015
This past week saw little activity in exploration news and zero news on financing.
In Sonora, Azure Minerals announced partial results from its delineation drilling at Mesa de Plata, showing a higher silver grade core 150m x 400m surrounded by a larger lower grade halo 900m long x 150m wide. Goldcorp’s El Sauzal in Chihuahua became the first mine in the world to be decommissioned according to the International Cyanide Management Code (“ICMC”). In Sinaloa Greath Panther Silver released results on its diamond drill program, which focused on infilling and expanding higher grade areas. Results are highlighted by intersections like 9.2 metres (6.51 metres true width) assaying 11.28g/t gold and 212g/t silver.
Picture from Google Earth.- El Sauzal (2009).
Uranio, el secreto mejor guardado de BCS
http://www.ign-tv.mx/noticias/2278/uranio-el-secreto-mejor-guardado-de-bcs
La Paz, BCS. Baja California Sur es uno de los seis yacimientos identificados y cuantificados de México que contiene el elemento radiactivo uranio.
Así lo determina información recabada por el Servicio Geológico Mexicano (SGM) dentro del documento Reservas Uraníferas Nacionales que presentó en 2004.
Los sitios detectados, se relacionan directamente con áreas orientadas a la explotación minera de fosforita, como San Juan de la Costa, en La Paz, en donde opera Grupo Fertilan con Roca Fosfórica Mexicana (Rofomex), empresa que acaba ser absorbida por Petróleos de México (Pemex).
El otro lugar se ubica en Santo Domingo, en el municipio de Comondú, en el que laSecretaría de Economía se localiza una asignación minera de fosforita, y que aún no ha sido explotada, y se presume que Rofomex tiene otra concesión en esta región.
Gold Resource Corporation Declares Modified Instituted Monthly Dividend for December
COLORADO SPRINGS, CO–(Marketwired – Dec 28, 2015) – Gold Resource Corporation (NYSE MKT: GORO) (the “Company”) declares its monthly dividend for December 2015 payable on January 25, 2016 to shareholders of record as of January 11, 2016. The Company is modifying its instituted monthly dividend from one cent per share per month to 1/6 of a cent per share per month (or two cents per share per year) beginning with this December dividend. Gold Resource Corporation is a gold and silver producer with operations in Oaxaca, Mexico and exploration in Nevada, USA. The Company has returned over $108 million to shareholders in monthly dividends since commercial production commenced July 1, 2010, and offers shareholders the option to convert their cash dividends into physical gold and silver and take delivery.
Goldgroup Mining Inc. Amends Credipresto Facility
VANCOUVER, Dec. 23, 2015 /CNW/ – Goldgroup Mining Inc. (“Goldgroup” or the “Company”) (TSX:GGA, OTC:GGAZF, BMV SIX:GGAN.MX) announces it has entered into an agreement to amend the terms of the outstanding loan facility (the “Facility”) to Credipresto SAPI de CV SOFOM ENR (“Credipresto”), subject to TSX approval. Javier Reyes, a director of Goldgroup, is a principal of Credipresto.
MAG Silver Files Preliminary Base Shelf Prospectus
VANCOUVER, BRITISH COLUMBIA–(Marketwired – Dec. 23, 2015) – MAG Silver Corp. (TSX:MAG) (NYSE MKT:MVG) (“MAG” or the “Company”), today announced that it has filed a preliminary short form base shelf prospectus with the securities commissions in each of the provinces of Canada, except Quebec. The base shelf prospectus will allow MAG to offer up to US$75,000,000 of common shares, preferred shares, debt securities, subscription receipts, units and warrants from time to time over a 25-month period after Canadian securities regulatory authorities have issued a receipt for the final short form base shelf prospectus.
Goldcorp’s El Sauzal Mine Achieves Cyanide Code Decertification
VANCOUVER, Dec. 23, 2015 /CNW/ – GOLDCORP INC. (TSX: G, NYSE: GG) announced today it has successfully decommissioned the El Sauzal mine in Mexico in accordance with the International Cyanide Management Code (“ICMC”) and it will be withdrawn from the ICMC.
The El Sauzal mine was the first mine in Mexico to be initially certified in full compliance with the ICMC in March 2008, and was recertified in July 2011 and December 2014. It is now the first mine in the world to be decommissioned in accordance with the ICMC. The decommissioning activities implemented at the mine have successfully mitigated previous cyanide facilities such that the ICMC is no longer applicable.
Mesa de Plata Resource Update.- Azure Minerals
Click to access 434107kl33rjbh.pdf
Azure Minerals Limited (ASX:AZS) (“Azure” or “the Company”) is pleased to advise that the mineral resource drill-out program of the Mesa de Plata Silver project is nearing completion. Silver mineralisation has been intersected over the full 900m length of the Mesa de Plata ridge line, with a very strong central zone hosting high silver grades over significant thicknesses.
To date, 47 of 55 planned holes have been completed and assays have been received for the first 36 holes. some of the better RC drill intercepts are shown below in Table 1, and details of all significant mineralised intercepts are shown in Table 3.
Great Panther Silver releases drill results for Guadalupe de los Reyes Project
VANCOUVER, Dec. 23, 2015 /CNW/ – GREAT PANTHER SILVER LIMITED (TSX: GPR) (NYSE MKT: GPL; “Great Panther”, the “Company”) has completed the 2015 surface diamond drill program at its Guadalupe de los Reyes (“GDLR”) project in Sinaloa, Mexico. The program successfully focused on infilling and expanding higher grade areas within the Guadalupe, Noche Buena, San Miguel and Zapote zones. Results are highlighted by 9.2 metres (6.51 metres true width) assaying 11.28g/t gold and 212g/t silver in hole 15-GDLR-10 ( Noche Buena zone).