Highlights on the Fourth Week of November, 2018. Mining and Exploration News in Mexico

Advanced argillic alteration

By Miguel A Heredia

During the 47th week of the year (November 19th to November 25th, 2018), at least 14 press releases were announced by companies working in Mexico, with five informing on exploration results, three reporting on advances on their properties, three disclosing deals and corporate issues, two announcing financing issues, and one related to a law proposal to force miners to seek permission from the communities. ON MEXICO ISSUES, a law proposal is being presented by a MORENA senator to force miners to seek permission from the communities around their mining projects. ON EXPLORATION, In Sonora, Aloro Mining mobilized a RC drill rig to its Los Venados project, Mexus Gold commenced a drilling program on its Santa Elena project, and Millrock announced a new drilling program at its La Navidad project. Millrock also reported results from its El Picacho project.  In Coahuila, Silver Bull completed a VTEM and Magnetic geophysical survey on its Sierra Mojada project. In Veracruz, Azucar Minerals reported drilling results from its El Cobre project.  ON MINING, no relevant news. ON FINANCING, Goldplay announced a private placement intended to raise up to CAD$ 1.5M. Mexican Gold closed the first tranche of a non-brokered private placement for $2.06M. ON RESOURCES AND DEVELOPMENT, Minera Alamos received a positive notification from SEMARNAT for the development of its la Fortuna project in Durango.  SilverCrest filed a technical report and updated mineral resource estimate for its Las Chispas project in Sonora. Torex reported in-fill and step-out drilling results from its El Limón-Guajes mine complex in Guerrero.  ON DEALS AND CORPORATE ISSUES, Consolidated Zinc held its 2018 annual general meeting (Plomosas mine, Chihuahua), Avino announced management changes (Avino mine, Durango), and Kootenay entered in an option agreement to acquire a 100% of interest of the Columba property in Chihuahua.


  • Communities’ consultation. A law proposal is being presented by a MORENA senator to force miners to seek permission from the communities around their mining projects. Proposed initiatives include empowering the Ministry of Economy to declare certain zones as not viable for mining, and revoke permits and existing concessions that had a negative social impact. They also contemplate charging Mexican agencies with overseeing the social and environmental impact of mining activities. The news caused the Grupo Mexico and Peñoles stocks to tumble 5.4% and 4.7% respectively on the Mexican Stock Exchange.


  • Aloro Mining Corp., mobilized a RC drill rig to its Los Venados project in Sonora while a bulldozer continues the construction of drill pads and access roads to other drill sites. This is the first time that the southern portion of the property is going to be drill-tested.
  • Mexus Gold US, commenced a drilling program on the Julio II zone within its Santa Elena project in Sonora.
  • Millrock Resources Inc., announced that a new drilling program is underway at its La Navidad project in Sonora, where the company has a JV option with Centerra Gold Inc. Seven holes totaling 1,500m were planned to test the northwest portion of the property, being 4 holes at the El Tigre prospect where Au has been detected by soil sampling in the vicinity of historic mine workings, and 3 holes at the El Chupadero prospect where decalcification and jasperoid replacement suggests the presence of intrusion-related gold mineralization. Millrock also reported that a 2,007.80m drilling program was completed at its El Picacho project in Sonora. Unfortunately, only narrow Au-bearing intersections were encountered. Highlights include 1m of 0.72 g/t Au in Hole P18-004D, 1m of 2 g/t Au in Hole P18-007D, and 0.5m of 5.7 g/t Au in Hole P18-008D.
  • Silver Bull Resources Inc., completed a 5,297line km helicopter-borne VTEM and Magnetic geophysical survey on its Sierra Mojada project in Coahuila. The airborne survey covered 4 main regional prospects including the main deposit at its Sierra Mojada property. It targeted over 50 km of the regional San Marcos Fault, due to this structure is considered to be the main control of the mineralization in the district. This survey is part of a work program conducted under a JV option with its partner South 32 Limited.
  • Azucar Minerals Ltd., announced results from its ongoing drilling program at the El Cobre project in Veracruz. Highlights from drilling at the Villa Rica target are 161.20m of 0.23 g/t Au and 0.15% Cu in Hole EC-18-052, including 18m of 0.51 g/t Au and 0.43% Cu, and another interval of 10m of 0.60 g/t Au and 0.48% Cu, and 116.30m of 0.21 g/t Au and 0.16% Cu in Hole EC-18-054, including 12.40m of 0.85 g/t Au and 0.39% Cu.


  • No relevant news.


  • Goldplay Exploration Ltd., announced a private placement intended to raise up to CAD$ 1.5M
  • Mexican Gold Corp., closed the first tranche of a non-brokered private placement for $2.06M. Net proceeds will be used to continue exploration on the Company’s Las Minas project located in the State of Veracruz, Mexico, to make the final property payment, and for general working capital purposes.


  • Minera Alamos Inc., received a positive notification from SEMARNAT regarding the Company´s permit applications (MIA / ETJ) for the development of its la Fortuna project in Durango. It allows Minera Alamos to initiate applications for other permits required in advance of any commercial mine production.
  • SilverCrest Metals Inc., filed a technical report and updated mineral resource estimate for its Las Chispas project in Sonora. There are no material differences in the mineral resources disclosed in the press release dated September 19, 2018.
  • Torex Gold Resources Inc., reported in-fill and step-out drilling results in the Sub-Sill Zone of its El Limón-Guajes mine complex in Guerrero. Highlights from the drilling program include 8.1m of 30.2 g/t Au, 38 g/t Ag, and 4.3% Cu in Hole SST-101, 3.6m of 48.9 g/t Au, 6 g/t Ag, and 0.1% Cu in Hole SST-118, and 4.6m of 34.4 g/t Au, 13 g/t Ag, and 0.9% Cu in Hole SSUG-059. The deposit remains open in several directions.


  • Consolidated Zinc Limited, held its 2018 annual general meeting and advised that the company increased 32% of the mineral resources and filed a bankable FS assessing the viability of its Plomosas mine in Chihuahua.
  • Avino Silver & Gold Mines Ltd., announced the retirement of its CFO and commenced a selection process to find a replacement. (Avino mine, Durango).
  • Kootenay Silver Inc., entered in an option agreement to acquire a 100% ownership of the Columba property in Chihuahua. This property covers a large high-grade silver epithermal system with several veins varying from 0.5 to up to 6.0m in width which have been mapped for over 200m up to 2Km in length. Sampling has returned grades of up to 692 g/t Ag. Kootenay can acquire a 100% of the property by making staged payments over a 4-year period totaling US$ 3.29 M with an initial payment of US$ 15K, first and second years payments totaling US$ 75K and US$ 150K respectively. The Agreement includes a work commitment of US$ 250K by the first anniversary and US$ 750K by the second anniversary of the Agreement. Upon earn-in the vendors retain a 2% NSR of which 1% can be purchased by the Company for US$ 750K.

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

On the picture above, advanced argillic alteration in a skarn-epithermal mineralized system in Durango, Mexico.  Photo by Miguel A Heredia.


CAMIMEX presents figures on the Mexican Mining Industry

CAMIMEX’s president, Fernando Alaniz, presented figures from the Mexican Mining industry on  the AIMMGM’s conference held in Hermosillo from October 24th to October 26th. The Mining Fund collected from mineral royalties in Mexico, supplied in 2017 $4,206 million pesos (about US$ 220 M), accruing more than $12,000 million pesos (over US$631 M) on the last four years. In 2017 alone, $28,806 million pesos (US$1,516 M) were paid on income tax, and an additional $4,726 million pesos (US$248.7 M) were invested by mining companies in the communities and environment where they are located. The payment of mining duties on mining concessions in 2017 was $2,525 million pesos (US$132.9 M). The total of Mining duties, mining fund and Income Tax for 2017 add up to $35,537 million pesos (US$ 1,870 M).

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The average salary of a miner is 3.4 to 5.0 times the official minimum salary, not including the 10% payment on yearly profit by the employer (PTU).

In the last 12 years the direct investment on the Mexican mining sector has been US $51,445 M, but investment in exploration has decreased 63% from 2012 to 2016. In the attractiveness index for investment Mexico has gone from the 11th place in 2011 to the 44th place in 2018, with land access, rule of law, security, new taxes and a heavy increase on mining duties blamed for the fall in ranking. At the same time our direct competitors for investment in the mining industry Peru passed from the 39th to the 19th position, and Chile from the 6th to the 8th position.

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According to Alanis, the main causes for the fall in competitiveness include over regulation and red tape, uncertainty in the determination of environmentally protected areas and a distorted image of the industry before communities and society.

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Points addressed by Alanis to make of Mexico a mining country include improvements in security, a better infrastructure (railways, ports), certainty on land rights, a common ground with other mining countries in fiscal terms, administrative efficiency in the application and issuing of mining concession titles and certainty and transparency in the timely granting of permits.


Odyssey Marine Exploration Provides Update on Mexican Phosphate Project

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TAMPA, Fla., Oct. 19, 2018 (GLOBE NEWSWIRE) — Odyssey Marine Exploration, Inc. (NASDAQ:OMEX), a pioneer in the field of deep-ocean exploration, received notification late Thursday afternoon that SEMARNAT repeated their refusal to issue an environmental permit for the phosphate deposit controlled by Exploraciones Oceánicas, S. de R.L. de C.V. (ExO) , in direct contravention of the Order of the Federal Administrative Court. ExO is a controlled subsidiary of Odyssey.


Inaugura GoldCorp clínica rural en Mazapil; es ‘ejemplo nacional’

Inaugura GoldCorp clínica rural

Con una inversión superior a los 40 millones de pesos, directivos de Minera Peñasquito inauguraron este jueves la Unidad Médica Regional de la comunidad de Cedros, municipio de Mazapil, Zacatecas, que será atendida por personal de IMSS-Prospera.

Es la clínica rural mejor equipada no sólo en el estado, sino en todo el país, aseguró el director de Sustentabilidad de la minera, Peter Hughes; además contará con personal médico que atenderá las 24 horas para beneficio de más de 2.300 habitantes de sus alrededores.

Fieldwork Commences on the San Luis del Cordero Silver-Copper-Zinc Project in Durango, Mexico


Vancouver, BC — Orex Minerals Inc. — (TSXV: REX — OTCQX: ORMNF) (“Orex”), is pleased to announce that fieldwork has commenced on the San Luis del Cordero Project in Durango, Mexico. This project is a skarn and epithermal vein hosted silver-copper-zinc district, located 155 kilometres northeast of the City of Durango in the Mesa Central of northcentral Mexico.

Presenta AMLO a los próximos subsecretarios en economía


El presidente electo Andrés Manuel López Obrador anunció que apoyarán a Graciela Márquez como titular de la Secretaría de Economía, Luz María de la Mora, al frente de la Subsecretaría de Comercio Exterior; Francisco Quiroga, a cargo de la Subsecretaría de Minería y Ernesto Acevedo Fernández ocupará la Subsecretaría de Industria y Comercio.

El presidente electo de México, Andrés Manuel López Obrador, presentó a quienes ocuparán las principales subsecretarías de la Secretaría de Economía (SE).

Anunció que apoyarán a Graciela Márquez como titular de esa dependencia, Luz María de la Mora, al frente de la Subsecretaría de Comercio Exterior, y Francisco Quiroga, en la de Minería, mientras que Ernesto Acevedo Fernández ocupará la Subsecretaría de Industria y Comercio.

En conferencia de prensa, López Obrador hizo hincapié en los tres programas prioritarios que emprenderá la SE en la próxima administración: la zona libre de la frontera, el apoyo a comunidades mineras y el programa de créditos para pequeñas y medianas empresas en zonas de alta y muy alta marginación.

….Respecto al apoyo a comunidades mineras, dijo que el fondo minero que se encuentra en la Secretaría de Desarrollo Agrario, Territorial y Urbano (Sedatu) pasará a Economía, para que desde la subsecretaría correspondiente y con la participación de estados y municipios se realicen obras de mitigación, con el acuerdo de los habitantes de estas regiones que se ubican en 24 entidades del país.

….Recalcó también la atención a las comunidades donde se lleva a cabo la extracción de minerales, en donde se causan daños y no se dejan beneficios.


It’s All at Stake: AMLO and Mining

It_s All at Stake_ AMLO and Mining _

The day about which the industry has been speculating for at least a year has come and now miners know the answer to the billion-dollar question: who will be shaping the industry’s future for the next six years? AMLO won a landslide victory with 53.5 percent of the vote, effectively ending the PAN-PRI presidential duopoly. But not all answers are immediately clear for the mining industry. What is the outlook for mining under the new President and most importantly, what is the industry asking for?

Keep reading to find out!

Argonaut Gold Provides Update for its La Colorada Mine


Toronto, Ontario – (June 5, 2018) Argonaut Gold Inc. (TSX: AR) (the “Company”, “Argonaut Gold” or “Argonaut”) reports that the Judiciary court hearing with respect to the Company’s explosives permit for its La Colorada mine (see press releases dated April 12, 2018, April 17, 2018, April 27, 2018 and May 17, 2018) has been postponed and is awaiting imminent court scheduling.

Pan American Silver Provides Update on the Dolores Mine

Pan American Silver Provides Update on the Dolores Mine

VANCOUVERJune 4, 2018 /CNW/ – Pan American Silver Corp. (NASDAQ: PAAS) (TSX: PAAS) (the “Company”) today announces that the security situation on the access roads to the Dolores mine has improved following increased patrol and enforcement by the Mexican authorities. As a result, road transport of diesel fuel, cement and other supplies to the mine has now resumed. The Company will increase the use of its private, secured airstrip to transport people to and from the mine site until the situation normalizes.

Pan American Silver Reduces Certain Activities at the Dolores Mine

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Vancouver, B.C. – May 28, 2018 – Pan American Silver Corp. (NASDAQ: PAAS; TSX: PAAS) (“Pan American Silver”, or the “Company”) today announces that it has initiated steps to reduce certain activities at its Dolores mine in Mexico following recent security incidents along the access roads being used to transport personnel and materials to and from the Dolores mine. The Company is working with state and federal authorities to provide safe access to the mine. The mine site remains secure. Ore stacking to the leach pads and the processing plant are currently operating at normal rates.