Colibri Completes Acquisition of Canadian Gold Resources Ltd.

DIEPPE, NBAug. 9, 2017 /CNW/ – (CBI: TSX-V) Colibri Resource Corporation (“Colibri” or the “Company”) has completed its previously announced acquisition of Canadian Gold Resources Ltd. (“CGR”) from ONTOP Capital Limited (the “Vendor”).  In accordance with the terms of the Share Purchase Agreement, Colibri acquired all the outstanding shares of CGR for an aggregate acquisition cost of $4,000,000, paid by way of issuance of 24,242,425 common shares (the “Consideration Shares”) at a price of $0.165 per share to the Vendor.

Colibri now owns 100% of the right, title and interest in Minera Bestep S.A. de C.V. (“Bestep”), a private Mexican company. Bestep holds 100% of the right, title and interest in the Pilar Gold Project (“Pilar Property”) and the Sun Project. Both properties are located near Suaqui Grande, Sonora, Mexico and neither property is subject to any royalties or encumbrances. The Pilar Property is 105 hectares in size and the Sun Property is 110 hectares in size. A report on the Pilar Gold Project prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects (the “NI 43-101 Report”) has been prepared by Jamie Lavigne M.Sc., P.Geo, a Qualified Person under NI 43-101 and independent of the Pilar Gold Project. The Sun Project has been subject to preliminary exploration work. The NI 43-101 Report is available on SEDAR.

Immediately after closing, the Vendor distributed the Consideration Shares to its shareholders by way of a return of capital dividend.  As a result of such distribution, a new Control Person will be created as one of the shareholders of the Vendor, John Schiavi, will be holding or controlling Consideration Shares equal to more than 20% of the issued and outstanding common shares of the Company after giving effect to the Transaction.

Capstone Mining 2017 Second Quarter Production Results

Vancouver, British Columbia – Capstone Mining Corp. (“Capstone”) (TSX: CS) today announced production results for the three and six months ended June 30, 2017. Combined production totalled 24,000 and 44,900 tonnes of copper in the second quarter and year-to-date periods, respectively, with additional by-products of zinc,
molybdenum, lead, silver and gold.
Q2 and YTD 2017 Copper Production (tonnes)
Q1 Q2 YTD 2017
Pinto Valley 11,300 15,500 26,800
Cozamin 4,100 4,100 8,200
Minto 5,500 4,400 9,900
Total copper production (1) 20,900 24,000 44,900
(1) Total production includes copper in concentrate and cathode production.
“All three of our mines produced according to plan in the second quarter,” said Darren Pylot, President and CEO of Capstone. “Pinto Valley set new quarterly, monthly and daily throughput records after returning to full operations from the heavy rain and maintenance activities early in the year.”
“Cozamin’s copper production once again outperformed and Minto continued to execute a mine plan that advances the operation towards an extended mine life into 2020 and potentially beyond,” continued Mr. Pylot.

Minera Alamos Announces Increase to Previously Announced Brokered Private Placement Financing

Minera Alamos Inc. (TSX VENTURE:MAI) (the “Company” or “Minera Alamos“) is pleased to announce that as a result of positive institutional and retail demand for its previously announced best-efforts brokered private placement offering, the Company has amended the terms to increase the size of the offering to $4,500,000 (the “Upsized Offering“).

Under the terms of the Upsized Offering, the Company has entered into an amended agreement with Haywood Securities Inc., as lead agent on behalf of a syndicate of agents (collectively, the “Agents“), pursuant to which the Agents have agreed to sell, on a best-efforts private placement basis, up to 30,000,000 common shares of the Company (the “Common Shares“) at a price of $0.15 per Common Share (the “Issue Price“), for gross proceeds to the Company of $4,500,000. Minera Alamos has granted the Agents an option, exercisable in whole or in part by the Agents at any time up to 48 hours prior to the closing of the Upsized Offering, to sell up to an additional 20% of the Upsized Offering in Common Shares at the Issue Price.

Minera Alamos Announces Appointment to Board of Directors

Minera Alamos Inc. (TSX VENTURE:MAI) (the “Company” or “Minera Alamos“) is pleased to announce the appointment of Ruben Padilla to its Board of Directors (the “Board“). Mr. Padilla is the appointee of Osisko Gold Royalties Ltd. (“Osisko“), pursuant to the investment agreement between the Company and Osisko. For further details, see the Company’s press release dated May 30, 2017.

“With his extensive experience, Ruben will be a tremendous addition to our Board of Directors,” stated Darren Koningen, President and CEO of Minera Alamos. “His technical and geological expertise in Mexico and the Americas will be invaluable as we aggressively expand our portfolio of exploration and development assets.”


Toronto, Ontario, May 30, 2017 – Minera Alamos Inc. (TSXV: MAI) (the “Company” or “Minera Alamos”) is pleased to announce that the Company has entered into and completed an agreement with Osisko Gold Royalties Ltd (“Osisko”), pursuant to which Osisko has purchased, on a private placement basis, 22,045,000 common shares of the Company (the “Common Shares”) at a price of $0.15 per Common Share (the “Issue Price”) for gross proceeds of $3,306,750 (the “Osisko Placement”). As a result of the Osisko Placement, Osisko owns approximately 19.9% of the common shares of Minera
Alamos on a non-diluted basis.
Concurrent to the Osisko Placement, Minera Alamos is pleased to announce that it has entered into an agreement with Haywood Securities Inc. (“Haywood Securities”), as lead agent on behalf of a syndicate of agents (collectively, the “Agents”), pursuant to which the Agents have agreed to sell, on a best efforts private placement basis, up to 23,333,333 Common Shares at the Issue Price, for additional gross proceeds of up to $3,500,000 (the “Brokered Offering” and together with the Osisko Placement, the
“Financings”). Minera Alamos has granted the Agents an option, exercisable in whole or in part by the Agents at any time up to 48 hours prior to the closing of the Brokered Offering, to sell up to an additional 20% of the Brokered Offering in Common Shares at the Issue Price.

San Marco field crews expands Gold-Copper-Molybdenum porphyry system on the 1068 Project

Vancouver, B.C. – May 2nd, 2017: San Marco Resources Inc. (SMN: TSX-V) (“San Marco” or the “Company”) announces that results from ongoing geological mapping and prospecting have confirmed and expanded the size potential of Target #1068 in Sonora State, Mexico, elevating the target to project status.

San Marco field crews completed geological and alteration mapping, stream sediment and rock chip sampling and petrographic analyses of select samples on the 1068 Project, a porphyry Gold-Copper- Molybdenum system identified by the Company’s generative program (see News Release January 19th, 2017).

Program Highlights:

  • Mapping increased the phyllic alteration (quartz, sericite, pyrite) halo surrounding the potassic alteration core to 1000m X 450 m, and defined an internal zone of strong phyllic stockwork developed in the volcanic lithocap.
  • The primary target remains hypogene (sulphide) copper-gold-molybdenum mineralization hosted in feldspar/quart/biotite porphyry.
  • Initial exploration program complete
  • Surface access rights secured over main targets
  • Application for drilling approval from the Mexican Ministry of Environment and Natural Resources (SEMARNAT) in process.
  • Project is deemed to be drill ready.

Chesapeake Gold Updates Regional Exploration Program

VANCOUVER, BRITISH COLUMBIA–(Marketwired – March 7, 2017) – Chesapeake Gold Corp. (“Chesapeake”) (TSX VENTURE:CKG) is pleased to provide an update on the regional exploration program conducted near its 100% owned Metates project in Durango and proposed El Paso plant site in Sinaloa States, Mexico. Metates hosts one of the largest undeveloped gold, silver and zinc reserves in the world. Four precious and base metal projects with district scale potential have been identified and systematically advanced in 2016 and 2017. Currently, Chesapeake’s regional land position totals more than 85,000 hectares.

The four projects are strategically located along a prolifically mineralized corridor that parallels the Pacific coast and lies along the western margin of the Sierra Madre Occidental. Two projects, Yarely and El Paso, are located within 15 kilometers of paved highways and 25 kilometers of the El Paso plant site. Chesapeake believes this highly prospective, under-explored region could develop an organic pipeline of high value projects with potential synergies with the future development of Metates.

Highlights on the First Week of March, 2017. Mineral Exploration in Mexico

During the 9th week of the year (February 27th to March 5th, 2017), on the eve of PDAC, at least 39 press releases were announced by companies working in Mexico, the greatest weekly figure on the year. ON EXPLORATION, Arian Silver presented results from exploration in Zacatecas, Sierra Metals announced high grade results from a brownfield area in Chihuahua, Source Exploration commenced a drill program in Veracruz, San Marco Resources and Silver One announced soil sampling results from properties in Sonora and Nayarit, and Kootenay Silver announced exploration work in 2017 by partner in Sonora. ON MINING, Primero Mining informed reduction of operations in Durango; Autlan informed on its mine in Sonora, Gold Resource, Golden Minerals and Great Panther presented financial, operational and or production results for 2016. ON FINANCING, Six companies announced financing rounds for $1.85 M, exercise of warrants for $717 K, a re-purchase of shares, a $150 M loan, a private placement for $50 M and the re-negotiation of terms on a loan. ON RESOURCES AND DEVELOPMENT, Fortuna Silver and Primero mining updated resources to 2016, Mexus Gold continues mine construction in Sonora, Marlin gold evaluates a pit layback in Sinaloa and Fortuna Silver signs a surface rights agreement in Durango.   ON DEALS AND CORPORATE ISSUES, Santacruz Silver and First Majestic signed an agreement on a property in Sonora, and Red Tiger informed it is in violation of a loan covenants.


  • First Majestic Silver’s, El Pilon mine in San Martin de Bolaños, Jalisco, suffered a robbery, with 57 silver bars (25 Kg each) extracted and transported in company’s trucks. One of the vehicles was recovered nearby, with part of the bounty.


  • Arian Silver Corp. presented sample results from its La Africana project in Zacatecas. Assay results from 11 grab samples, of which seven are between 196 and 842 g/t Ag, and up to 4.9% Zn.
  • Sierra Metals Inc. announced high-grade silver intercepts in the Santa Rosa de Lima complex at its Cusi mine in Chihuahua. The 15,000 m program has an 80% advance to date (10,200 m). True width (TW) Intercepts include 3.2 m 332 g/t Ag; 2.5 m @ 200 g/t Ag; 1.5 m @ 292 g/t Ag; 1.5 m @ 1,152 g/t Ag; 3.1 m @ 1,037 g/t Ag, with up to 5.2% Pb and 3.5% Zn. The Santa Rosa de Lima complex has an anticipated extension of 12 km within Sierra Metals concessions; with mineralization located 100 m below the surface, and occasionally observed at the intersections of other veins. The drilling covers about one kilometer of the structure.
  • Source Exploration Corp. commenced a diamond drill program for the Las Minas copper-gold skarn project in Veracruz. An initial 2,000 – 3,000 metres infill and step out at the El Dorado – Juan Bran zone, with the aim of completing a maiden NI-43-10 resource estimate on early 2017. Further mapping, trenching and sampling will be carried out on the Pueblo Nuevo concession. Previous drilling has outlined a mineralized zone 420 m in width, 6.0 to 82 m in thickness, and extending more than 600 m in depth; the zone remains open on strike and down-dip.
  • San Marco Resources Inc. announced that soil sampling results from its Chunibas property in Sonora have confirmed a 600 x 800 m target. Drilling is expected to probe deeper and on-strike mineralized zones.
  • Kootenay Silver Inc. informed Pan American Silver Corp. is to proceed in 2017 with a US$2.0 M budget on La Negra property in Sonora, with 6,500 m of diamond drilling, geological mapping and reconnaissance work to define additional prospective targets proximal to La Negra within the Promontorio project.
  • Silver One Resource Inc. completed geochemical soil surveys at its Peñasco Quemado and La Frazada properties in Sonora and Nayarit respectively. At Peñasco Quemado a 3,000 m long, 300 m wide linear anomaly overlaps with the area of the current resource, with high manganese (0.17% – 1.1%) and barium (0.15% – 0.88%), and more localized zinc (400 – 3,500 ppm) and lead (135 – 800 ppm); a second anomaly 2,000 m long by 1,000 m wide is a new target. The survey consisted of 1,925 soil samples, XRF assayed, with 320 quality control samples sent for assaying to a US lab, with a very good correlation. At La Frazada the 222 soil samples were not that successful to highlight some of the veins, the reason forwarded being the probable leaching of metals in the subtropical environment.



  • Grupo Autlan announced its Lluvia de Oro property in Sonora has a mine life of 15 years, and that its cash flow increased with the operation of its first gold mine.
  • Primero Mining Corp. is reducing the complexity and scale of operations at its San Dimas mine in Durango, with significant decreases to the workforce.
  • Gold Resource Corp. presented 2016 production figures, having milled 450.2 K tonnes at a rate of 1,295 tonnes per day (tpd) and grade of 2.13 g/t Au, 139 g/t Ag, 0.29% Cu, 1.21% Pb, 3.78% Zn; with recoveries standing at 89% Au, 92% Ag, 78% Cu, 74% Pb, 84% Zn. Yearly production amounted to 27,628 Oz Au, 1.86 M Oz Ag, 1,035 tonnes Cu, 4,049 tonnes Pb, 14,302 tonnes Zn. The company is targeting 2017 annual production of 27,500 Oz Au, 1.85 M Oz Ag.
  • Golden Minerals Co. presented operational results for 2016, which include a profit on the lease of an oxide plant, granting the right to operate such plant until the end of 2018; obtained an additional $1.8 M in other operating income related to sales and farm-outs of non-strategic property and spent $3.7 M in exploration of the Santa Maria and Rodeo properties in Chihuahua and Durango respectively.
  • Great Panther Silver Ltd. reported fiscal year 2016 financial results. During the period 376.7 K tonnes were milled to produce 2.05 M Oz Ag, 22,238 Oz Au, at cash cost $10.35 per AgEq Oz and AISC $14.29. The company ended the year with $67 M in net working capital and no debt (Topia, Durango, Guanajuato mine complex, Guanajuato).


  • Impact Silver Corp. was ranked on the 2017 TSX Venture 50, among the top performers on the TSX Venture Exchange over the last year, when a 442% increase in share price was achieved, compared with the all-time low during the period.
  • Primero Mining Corp. entered into a binding term sheet with Sprott Resource Lending Partnership for a $75 M revolving credit three year term loan.
  • Leagold Mining Corp. announced the execution of a non-binding term sheet with Orion Resources Partners to provide the company US$20 M in cash through a senior secured loan facility in the principal amount of US$150 M and an equity private placement of US$50 M (Los Filos, Guerrero).
  • Marlin Gold Mining Ltd. announced its intention to purchase, from time to time, an aggregate of 2.48 M common shares in the capital of the company (La Trinidad, Sinaloa).
  • San Marco Resources Inc. announced the exercise of warrants for gross proceeds of $717 K during the period Nov 1st, 2016 to February 15th, 2017 (several properties, Sonora).
  • Source Exploration Corp. closed a non-brokered private placement for gross proceeds of $1.85 M (Las Minas, Veracruz)


  • Fortuna Silver Mines Inc. updated mineral reserves and resources to the last day of 2016. Figures on its San Jose mine in Oaxaca include proven and probable reserves of 5.0 M tonnes @ 249 g/t Ag, 1.72 g/t Au, for 40.2 M Oz Ag, 278 K Oz Au; measured and indicated resources of 2.86 M tonnes @ 84 g/t Ag, 0.42 g/t Au for 7.8 M Oz Ag, 39 K Oz Au; and inferred resources of 3.1 M tonnes @ 252 g/t Ag, 1.66 g/t Au for 25.1 M Oz Ag, 165 K Oz Au.
  • Mexus Gold US finished a 4.5 m lift on the leach pad at its Santa Elena mine in Sonora (do not mistake with First Majestic’s Santa Elena mine, also in Sonora). The leaching system started testing on the last week of February. The mining plan goal is to increase ore production to 10 K tons per day by the end of 2017.
  • Primero Mining Corp. updated mineral reserves and resources to December 31st, 2016, including figures for its San Dimas and Ventanas properties in Durango, and Cerro del Gallo in Guanajuato. At San Dimas proven and probable reserves stand at 4.0 M tonnes @ 4.0 g/t Au, 322 g/t Ag, for 517 K Oz Au, 41.2 M Oz Ag; the measured and indicated resources (which include reserves) stand at 5.0 M tonnes @ 5.0 g/t Au, 387 g/t Ag, for 832 K Oz Au, 61.9 M Oz Ag; and inferred resources of 7.2 M tonnes @ 3.7 g/t Au, 317 g/t Ag, for 860 K Oz Au, 73.4 M Oz Ag. Proven and probable reserves at Cerro del Gallo stand at 32.2 M tonnes @ 0.7 g/t Au, 15 g/t Ag, for 712 K Oz Au, 15.3 M Oz Ag; measured and indicated resources (exclusive of mineral reserves) of 47.9 M tonnes @ 0.6 g/t Au, 13 g/t Ag, with no inferred resources. Measured and Inferred resources at Ventanas stand at 0.2 M tonnes @ 2.5 g/t Au, 258 g/t Ag, for 12 K Oz Au, 1.3 M Oz Ag; inferred resources stand at 0.2 M tonnes @ 2.3 g/t Au, 412 g/t Ag.
  • Minera Alamos Inc. announced the completion of a surface rights agreement for its La Fortuna project in Durango. The completion of the agreement enables the company to submit the already prepared mining permit applications. The agreement covers a period of up to 25 years during which time the Company will be required to pay annual rental payments while operating activities are ongoing.
  • Marlin Gold Mining Ltd. reported assay results from the first set of holes in the north side of the pit wall at its La Trinidad mine in Sinaloa. Results include 6.5 m @ 2.59 g/t Au, 9.4 m @ 3.27 g/t Au and 10.2 m @ 2.68 g/t Au. A decision to proceed with a pit layback is pending further assays.


  • Santacruz Silver Mining Ltd. signed an agreement to transfer its interest in the El Gachi property in Sonora to First Majestic Silver Corp. for total consideration of US$2.5 M plus tax. “The El Gachi Property comprises a 48,057 hectare land package located adjacent to First Majestic’s Santa Elena Mine…”.
  • Red Tiger Mining Inc. announced that it is currently in violation of certain loan covenants under its senior secured loan with Gerald Metals S.A., owing approximately $18.7 M under the loan agreement. Solvent extraction and electrowining continues from existing copper inventory on the leach pad of the Luz del Cobre mine in Soora, which ceased operations in December 2016.


Content like what you have just read can be seen at and at LinkedIn’s Mexico Mineral Exploration Group.

On the picture below, broken surface on a boulder from a stream sediment survey in Chiapas, displaying a coarse grained quartz and oxidized sulfide veinlet stockwork in a porphyritic intrusive rock with phyllic alteration, the scale is in centimeters.


Minera Alamos Inc. Announces Completion of Surface Rights Agreement for La Fortuna Gold Project – Moves Forward with Mining Permit Applications

Toronto, March 1, 2017 – Minera Alamos Inc. (TSX-V:MAI) (the “Company” or “Minera Alamos”) is pleased to report that after successful negotiations with community representatives it has finalized a surface use agreement at the La Fortuna site in Durango, Mexico.  With the completion of these surface rights negotiations, the Company can now proceed to submit the concurrently prepared mining permit applications.

“Over the past year, we have been able to establish constructive working relationships with the members of the local community.  The finalization of this agreement marks a major milestone in the development of the La Fortuna project and we look forward to a mutually beneficial relationship with the local stakeholders,” said Darren Koningen, President of Minera Alamos.

Highlights on the Third Week of January, 2017. Mineral Exploration in Mexico

During the 3rd week of the year (16th to 22nd January, 2017) at least 28 press releases were announced by companies working in Mexico, including six preliminary production reports for 2016. ON EXPLORATION, five companies presented exploration updates. In Sonora exciting high grade gold results from a drilling campaign were announced, also in Sonora another company is defining a zoned porphyry copper alteration center. In Durango the results for the first holes of a large campaign are being received, with some mineralization to show. In Zacatecas a more than 50 m long interval of core shows brecciation, quartz veining and presence of sulfides, in a step-out hole targeting a Ag-Pb-Zn vein, results are pending. In Coahuila work was done during 2016 to define steep structures that could define high grade orebodies. ON MINING, McEwen Mining, Argonaut Gold, Avino Silver, First Majestic, Sierra Metals and Primero Mining presented preliminary fourth quarter and full-year 2016 production figures, and Capstone presented its operational and capital guidance for 2017.  ON FINANCING, One company reported the closing of the first tranche of a non-brokered private financing for $209 K. ON RESOURCES AND DEVELOPMENT, one company reported updated resource estimates for its three mines in Mexico. Another company presented infill and exploration drilling results on its advanced project in Puebla, while one other company presented a PEA on a copper-gold property. A Mexican company boasts the largest manganese reserves in North America. ON DEALS AND CORPORATE ISSUES, a JV has been formed in a silver discovery in Durango; a company with a project in Sinaloa has been approved to list on the NYSE and a property in Sonora has been acquired to bring it into production by a JV.


  • Evrim Resources Corp. announced initial drill results from its Ermitaño project in Sonora provided by its exploration partner First Majestic Silver Corp. Results for four holes have been received, of a 947 meters drill program, including 18 m @ 11.4 g/t Au, 86 g/t Ag (including 3.3 m @ 34.6 g/t Au, 242 g/t Ag); 9.6 m @ 1.8 g/t Au, 24 g/t Ag; 13.2 m @ 1.1 g/t Au, 29 g/t Ag; 8.8 m @ 0.8 g/t Au. “The Ermitaño West zone …. consists of a network of low to intermediate sulphidation east-west trending epithermal veins and stockwork. The veining covers an area 1,200 metres long by 600 metres wide”.
  • Silver Bull Resources Inc. presented a review of work done in 2016 at its Sierra Mojada property in Coahuila. The company completed a 590 line kilometer airborne magnetic geophysical survey, defining several deep structures coincident with old high grade silver and zinc mines, and some high grade intercepts on drilling. Drilling of 1,400 m on the fourth quarter, 2016, is to be followed by 1,400 m of drilling in the first quarter, 2017. Besides the silver mineralization, Silver Bull previously defined a measured and indicated resource of zinc oxide mineralization of 10 M tonnes @ 11% Zn. During 2017 the plan is to refine the metallurgy, needed for a preliminary economic assessment.
  • Canasil Resources Inc. has completed the first hole of its current drilling campaign at its La Esperanza project in Zacatecas. This hole intersected an extended interval from 345 to 391 meters downhole, carrying banded quartz vein, veinlets and breccias hosted within volcanic rocks. Core is being logged and prepared for assaying; sphalerite, galena and chalcopyrite have been noted. The drill program is planned for 1,500 – 2,000 m of core drilling in four or five holes.
  • San Marco Resources Inc. announced that geologic traverses, prospecting and rock chip sampling identified porphyritic intrusions along the NE contact of a batholith in target #1068 of its partnership with Globetrotters. Preliminary geologic mapping indicates a large zoned alteration system with a potassic (biotite-magnetite) core and a large phyllic (quartz-sericite) envelope.
  • Southern Silver Exploration Corp. reported results from two holes of its 10,000 m drilling campaign at Cerro Las Minitas, Durango. The best intercept was 14.8 true width @ 39 g/t Ag, 0.1% Pb, 10.2% Zn. A second rig is being mobilized to the site to speed-up the program.


  • McEwen Mining Inc. presented production results for 2016, which includes 55,266 AuEq Oz produced at its El Gallo mine in Sinaloa. At the end of the year the company has no debts and $36 M in cash, $21 M in precious metals and $7 M in marketable securities.
  • Capstone Mining Corp. presented its operational and capital guidance for 2017. At Cozamin in Zacatecas, milled tonnes are expected to be lower, but at higher grade than in 2016, with 80% of ore coming from the narrow veined Mala Noche Footwall zone. “All-in cost includes the development costs reflective of the move from the main zone to the footwall zone.” During the year the potential to bring the existing zinc resource into the mine plan will be evaluated. The exploration budget for Cozamin is $5 M, which includes 30,000 m of primarily underground infill drilling aimed at increasing reserves.
  • Argonaut Gold Inc. presented production figures for the fourth quarter and full year 2016. In the fourth quarter, at El Castillo in Durango 16,747 AuEq Oz were produced, and 17,637 AuEq Oz at La Colorada in Sonora. During 2016 El Castillo and La Colorada produced 62,766 and 59,331 AuEq Oz respectively, for a total of 122,097 AuEq Oz. At year end the company had $42 M in cash and $30 M available on an undrawn corporate revolver. For 2017 the company aims to produce 70-80 K AuEq Oz and 45-50 K AuEq Oz at El Castillo/San Agustin Complex and La Colorada respectively, at consolidated cash cost $675-$725 and AISC $910-$960.
  • Avino Silver & Gold Mines Ltd. reported fourth quarter and full year 2016 production results from its Avino property in Durango. The consolidated production for the year was 1.612 M Oz Ag, 7,119 Oz Au and 4.2 M Lb Cu, for a total of 2.679 M Oz AgEq. During the fourth quarter 2016, at the Avino mine 101.6 K tonnes were milled @ 65 g/t Ag, 0.69 g/t Au, 0.37% Cu, with recoveries of 85% Ag, 69% Au and 91% Cu, producing 179.5 K Oz Ag, 1,540 Oz Au, 755,645 Lb Cu; while at the San Gonzalo mine 33.5 K tonnes were milled @ 262 g/t Ag, 1.16 g/t Au with recoveries of 85% Ag, 83% Au, producing 239.8 K Oz Ag, 1,041 Oz Au.
  • First Majestic Silver Corp. presented production results for the full year and the fourth quarter 2016. During the period a total of 11.9 M Oz Ag, 62,436 Oz Au, 33.2 M Lb Pb and 10.6 M Lb Zn were produced. During the fourth quarter production in First Majestic’s five mines was as follows: At Santa Elena in Sonora, 257.8 K tonnes were processed (2,802 tpd) @ 89 g/t Ag (89% recovery) to produce 660.2 K Oz Ag, 11,430 Oz Au. At La Encantada in Coahuila, 235 K tonnes were processed (2,555 tpd) @ 132 g/t Ag (57% recovery) to produce 567.9 K Oz Ag, 22 Oz Au. At La Parrilla, Durango, 153.3 K tonnes were processed (1,666 tpd) @ 130 g/t Ag (78% recovery) to produce 497.4 K Oz Ag, 260 Oz Au, 1.85 M Lb Pb, 1.19 M Lb Zn. At Del Toro in Zacatecas, 82.7 K tonnes were processed (900 tpd) @ 157 g/t Ag (82% recovery) to produce 343.9 K Oz Ag, 70 Oz Au, 5.83 M Lb Pb. At San Martin, in Jalisco, 76.8 K tonnes were processed (835 tpd) @ 254 g/t Ag (81% recovery) to produce 510.4 K Oz Ag, 888 Oz Au. At La Guitarra in Mexico State, 38.4 k tonnes were processed (418 tpd) @ 246 g/t Ag (79% recovery) to produce 239.8 K Oz Ag, 2,073 Oz Au. The company aims to have an AISC $11.96 to $12.88 per silver ounce in 2017.
  • Sierra Metals Inc. reported fourth quarter and full year 2016 production results, which includes figures on its Mexican operations. At Bolivar, in Chihuahua, 950.4 K tonnes were processed (2,715 tpd) @ 1.0% Cu, 16.7 g/t Ag, 0.19 g/t Au (recoveries of 81.7% Cu, 77.8% Ag, 50.5% Au) to produce 17.1 M Lb Cu, 440 K Oz Ag, 2,986 Oz Au. At Cusi, in Chihuahua, 186.9 K tonnes were processed (534 tpd) @ 171.8 g/t Ag, 0.26 g/t Au, 1.2% Pb, 1.1% Zn (recoveries of 71.7% Ag, 61.8% Au, 82.2% Pb, 37.7% Zn) to produce 740 K Oz Ag, 954 Oz Au, 4.1 M Lb Pb, 1.8 M Lb Zn. For 2017 Sierra Metals is aiming to produce with cash cost $1.08 and AISC $1.74 per copper equivalent pound at Bolivar, and cash cost $10.9, AISC $19.66 per silver equivalent ounce at Cusi.
  • Primero Mining Corp. released preliminary fourth quarter and full year 2016 results, which includes figures on its Mexican operations. At San Dimas, in Durango, 28,282 Oz Au were produced in the fourth quarter; to achieve 113,968 Oz Au on the full year, at cash cost $856 and AISC $1,117 per gold equivalent ounce.


  • Aura Silver Resources Inc. has closed the first tranche of its non-brokered private placement, for gross proceeds of $209 K (Taviche, Oaxaca).


  • Endeavour Silver Corp. reported updated NI-43-101 gold and silver resource estimates for its three operating mines in Mexico, and restated the resource estimates for its exploration properties. On its Guanceví (Durango), Bolañitos (Guanajuato), El Cubo (Guanajuato), Terronera (Jalisco) and Guadalupe y Calvo (Chihuahua) properties, consolidated silver-gold proven and probable reserves amount to 10.55 M Oz Ag, 91,100 Oz Au; measured and Indicated resources to 59.14 M Oz Ag, 483,400 Oz Au and inferred resources to 32.41 M Oz Ag, 296,600 Oz Au. On its Guanaceví (Durango) and Parral (Chihuahua) properties, consolidated silver-gold-lead-zinc indicated resources amount to 5.01 M Oz Ag, 50,300 Oz Au and inferred resources to 4.73 M Oz Ag, 39,400 Oz Au.
  • Almaden Minerals Ltd. released assay results from its exploration and development program at its Tuligtic project in Puebla. Results include intercepts like 8 .8 m @ 1.1 g/t Au, 51 g/t Ag; 34.2 m @ 1.1 g/t Au, 72 g/t Ag; 96 m @ 0.3 g/t Au, 41 g/t Ag; 38.6 m @ 1.1 g/t Au, 106 g/t Ag; 32.6 m @ 1.4 g/t Au, 44 g/t Ag; 105 m @ 1.2 g/t Au, 87 g/t Ag. Those intercepts confirm the existence of additional zones of veining immediately adjacent to the Ixtaca zone.
  • Geologix Explorations Inc. announced the results of a preliminary economic assessment (PEA) report on its Tepal gold/copper project in Michoacan. According to the report (using prices of $1,250/Oz Au, $2.50/Lb Cu and $18 Oz Ag), with a strip ratio of 0.6 : 1 and a mine life of 9.8 years to process 142.9 M tonnes @ 0.33 g/t Au for oxide ore and 0.45 g/t Au, 0.21% Cu for sulfide ore, the mine would produce 766 K Oz Au and 308 M Lb Cu at a rate of 78,572 Oz Au and 31.6 M Lb Cu per year, life of mine average (LOM). Capital requirements are $214 M for pre-production, $86.7 M for LOM sustaining and closure; LOM cash cost calculated at $313 and AISC $ 396 per gold equivalent ounce.
  • Mexus Gold US informed that ore is currently being loaded on the heap leach pad at its Santa Elena mine in Sonora. A larger crusher is being moved to the site to speed up the operation. Setup and install of the Merril Crowe recovery plant is now complete.
  • Compañía Minera Autlán S.A.B. d C.V. has the largest ore reserves of metallurgical grade manganese in North America, amounting to 250 M tonnes of ore (no grade specified). The Molango district in Hidalgo covers 1,250 square kilometers, and according to the USGS de most important deposits of metallurgical grade manganese in North America are in this area.


  • Orex Minerals Inc. has earned 55% ownership interest in the Sandra Escobar project in Durango, by paying Canasil Resources Inc. CAD $500 K and spending more than USD $2 M in exploration at the 6,976 has project. A joint venture has been formed; same that will be managed by a joint committee. Orex had the option to earn an additional 10% by paying $500 K to Canasil, and spending further $2 M on the project, Orex has notified Canasil that it will not proceed with the second option.
  • Americas Silver Corp. has been approved to list on the NYSE MKT stock exchange (Cosalá, Sinaloa).
  • Mexus Gold US. acquired the mining concessions comprising the San Felix property in Sonora, for undisclosed payments and terms. The Company also announces the execution of an agreement with MarMar Holdings Inc. whereby each company owns a 50% share of the San Felix Project and designates MarMar as the operator.

Content like what you have just read can be seen at and at LinkedIn’s Mexico Mineral Exploration Group.

On the picture below, orogenic gold quartz vein fragment recovered by a gambusino from a placer in the Ojos Negros district, Baja California. The fragment is about two centimeters long.