For the end of a year of crisis on the exploration industry, there is still some drilling going on in Mexico.
On the financing side Minaurum announced a 2.5 Million financing, Excellon closed the C 6.6 Million previously revealed and Millrock increases US $ 600K to the financing of $700K announced last week, taking the total to 1.3 Million US dollars. Prospero Silver completed a US $ 300K dollars private placement, for a total for the week of 8.3 M
On property advancement, Centerra is doing field work at Riverside’s Tajitos project near Caborca in Sonora, not to far to the north, Mexus Gold reveals Argonaut Gold decision to withdraw from the Julio/Santa Elena project after the first round of drilling, same that produced intervals of up to 12 m @0.78 ppm Au and 9 m @0.45 ppm Au. Also in Sonora, but closer to Yecora, Minera Alamos releases results on its 9 hole drill program on the north area, with mineralized intervals 9 to 46 m thick and average grades between 0.45 to 1.22% copper, plus Mo and Ag credits that rise the average to 1.47% Cu Eq for all holes. Southern Silver identified an extension to the Blind Zone, which furthers mineralization for 200m along strike and 400m indepth, on its Cerro Las Minitas property in Durango, with a 16.8m down hole interval (8.7m est TT) averaging 136g/t Ag, 0.5%Cu, 0.3% Pb and 4.5% Zn (361g/t AgEq). Further south, Guerrero Ventures goes ahead with a 4,500m drill program managed by Minaurum.