Mining Concessions

‘Napo’ va contra mineras por temas fiscales, ambientales y concesiones.- El Financiero

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Napoleón Gómez Urrutia, líder minero y senador por Morena.Fuente: Cuartoscuro
http://www.elfinanciero.com.mx/economia/gomez-urrutia-analizara-concesiones-mineras-a-companias

Napoleón Gómez Urrutia, líder del sindicato minero y senador, está listo para ir sobre las compañías que según él no pagan suficientes impuestos, contaminan el medioambiente y tienen concesiones demasiado largas.

Caen acciones mineras

Gómez Urrutia, un viejo enemigo de Grupo México, está revisando concesiones mineras en el país y considera que la industria debería contribuir más a los ingresos del gobierno, según dijo en entrevista con Bloomberg este martes.

El senador espera que las propuestas para la industria sean discutidas en el siguiente periodo de sesiones del Senado, que inicia en febrero; también dijo no tener en mente un impuesto en particular para las empresas.

“La Ley Minera de México se hizo muy flexible, y buscamos regularla de acuerdo con los intereses del país, no los de las empresas que se han beneficiado durante años”, dijo Gómez Urrutia.

“Estamos buscando en los términos de cancelación para una concesión y su extensión, porque 50, 100 años es demasiado largo”, explicó.

Gómez Urrutia se volvió senador a pesar de una controversia por su decisión de mudarse a Canadá hace más de una década después de haber sido acusado de malversación de fondos. Él ha negado todos los cargos en su contra. En un punto, México buscó extraditarlo de Canadá para enfrentar juicio por supuestamente haber malversado 55 millones de dólares de un fondo minero, pero los cargos fueron desechados posteriormente.

El líder sindical obtuvo un escaño en el Senado con el partido Morena del presidente Andrés Manuel López Obrador y ahora es jefe del comité de trabajo y miembro del comité de minería. Su nominación causó algunas dudas y un gran revuelo, especialmente para el gigante minero y multimillonario Germán Larrea, director del Grupo México, quien se pronunció en contra de su candidatura.

Las acciones mineras lideraron caídas en las acciones de referencia mexicanas. Las acciones de Grupo México cayeron hasta 2.1 por ciento a 44.10 pesos en las operaciones de la tarde en Ciudad de México. Industrias Peñoles, otra compañía minera con una gran presencia en México, cayó 2.6 por ciento a 256 pesos.

Gómez Urrutia pidió a los dueños de las empresas mineras que “den al gobierno una oportunidad de gobernar, en lugar de buscar sabotearlo o crear obstáculos. Si al final no funciona, la mayoría de los mexicanos decidirá qué pasa después”.

Santacruz Silver Makes Final Option Payment to Golden Minerals

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SantacruzSilver_2018-10-16_NR

Vancouver, B.C. – Santacruz Silver Mining Ltd. (TSX.V:SCZ) (the “Company” or “Santacruz”) announces that it has made the final option payment to acquire from Golden Minerals Company certain mineral claims consisting of 149 concessions covering approximately 7,800 hectares, located in the Zacatecas Mining District, Zacatecas, Mexico (the “Zacatecas Properties”) (see press release dated May 4, 2016).

SONORO ADDS TRES AMIGOS CONCESSION TO CERRO CALICHE

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SonoroMetals_290518

VANCOUVER, British Columbia, May 29, 2018 (GLOBE NEWSWIRE) — Sonoro Metals Corp., (“Sonoro”) (TSXV:SMO) (OTCQB:SMOFF), announces that its Mexican subsidiary, Minera Mar De Plata, SA de C.V. has executed a formal option agreement (the “Tres Amigos Option Agreement”) with two residents of Magdalena de Kino, Sonora, Mexico (the “Vendors”), to acquire a 100% interest in the 20 hectare Tres Amigos concession (“Tres Amigos”) located contiguous to the recently-acquired Cerro Caliche concessions in the prolific Cucurpe Sonora Mega-district of Sonora, Mexico. The option agreement increases the land holdings under option to Sonoro in this important gold mining district to 1,455 hectares.

GFM ENTERS INTO EVALUATION AGREEMENT

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GFM_Nov 29, 2017

VANCOUVER, British Columbia, Nov. 28, 2017 (GLOBE NEWSWIRE) — GFM Resources Limited (the “Corporation”) (TSX-V:GFM.H) is pleased to announce that it has entered into an exploration and evaluation agreement with Minera Auricup, S. de R.L. (“Auricup”) for exclusive access to conduct exploration and evaluation of the merits of a mineral concession (the “Evaluation Agreement”) of Auricup’s Baviácora concession (the “Concession”), located in the state of Sonora, Mexico.

Under the terms of the Evaluation Agreement, the Corporation will pay for outstanding mineral rights of the Concession, will have exclusive access rights for a period of six months, and will obtain a minimum 15% ownership stake in the Concession. The starting of the six-month initial evaluation and exploration term is subject to Auricup negotiating the land access rights with the local communal land administration.  If, for any reason, such access rights are not successfully negotiated within 120 days of the date of Evaluation Agreement, the Corporation has the option of demanding full repayment, or to obtain a similar stake in a different but equivalent mineral concession owned by Auricup.

Highlights on the Fourth Week of July, 2017. Mineral Exploration in Mexico

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During the 30th week of the year (July 24th to July 30th, 2017), with the presentation of second quarter reports, at least 26 press releases were announced by companies working in Mexico. ON MEXICO ISSUES, gold production decreased 1.7% in 2016 to 4.26 M Oz, but US$2,846 M is to be invested in gold projects between 2017 and 2020. ON EXPLORATION, in Sonora Riverside released first phase exploration results at Cecilia; Aztec released historical drilling results on its Cervantes property. In Durango Southern Silver released drilling results from its Cerro Las Minitas project. In Zacatecas Arian Silver commenced an auger drilling program on its lithium projects; Goldcorp updated exploration efforts in the Altiplano; Zenith completed drilling for lithium in the San Juan salt pan, results pending. In Veracruz Almadex released high grade gold-copper results from continuing drilling at El Cobre. ON MINING, Avino Silver, Americas Silver, Coeur, Goldcorp and Agnico Eagle presented production results for the second quarter of 2017. Great Panther applied for a permit on its tailings facility at Topia, in Durango. ON FINANCING, Torex Gold signed an amended agreement on a credit facility for US$400 M; Santacruz closed the first tranche of a non-brokered private placement for $935 K ON RESOURCES AND DEVELOPMENT, Candelaria submitted a MIA (environmental application) on its Caballo Blanco property in Veracruz. Excellon reported high-grade drilling results from its Platosa mine in Durango. ON DEALS AND CORPORATE ISSUES, Goldcorp and Evrim reached an agreement on La Pinta 6 concession in Zacatecas.

ON MEXICO ISSUES

  • Camimex (Cámara Minera de México) informed 12 companies are to invest US$2,846 M in gold projects between 2017 and 2020 in Mexico, with Torex Gold, Goldcorp and Fresnillo PLC leading the list. Present and coming projects include the expansion of Pan American’s Dolores mine expansion (Durango, 112 M), Argonaut’s San Agustin (Durango, 43 M), Alamos Gold’s La Yaqui (Sonora, 12 M), Torex’s Media Luna (Guerrero, 482 M), Goldcorp’s sulfide leach plant at Peñasquito (Zacatecas, 420 M), Fresnillo’s Orisyvo (Chihuahua, 350 M) and the Fresnillo and Mag Silver’s JV on Juanicipio (Zacatecas, 305 M). In 2016, Mexico produced 4.26 M Oz, a 1.7% reduction on the previous year.

ON EXPLORATION

  • Arian Silver Corp. commenced an auger drill program on its lithium projects in Zacatecas. The properties to be auger drilled down to a vertical depth of 20 m are Pozo Hondo, Columpio and Abundancia, to test lithium grades and volumes.
  • Almadex Minerals Ltd. released results from its more recent drill hole at the Norte zone of its El Cobre property in Veracruz. From 204.1 m an interval of 431.9 m @ 0.86 g/t Au, 0.27% Cu was intercepted, including 40.45 m @ 1.38 g/t Au, 0.43% Cu; 46.2 m @ 1.04 g/t Au, 0.29% Cu; 70.45 m @ 2.32 g/t Au, 0.59% Cu.
  • Aztec Minerals Corp. pretends to drill test its Cervantes property in Sonora by September or October. Results of past drilling by Peñoles on the California target in 1996 include 22.1 m @ 0.21 g/t Au; 23.0 m @ 0.40 g/t Au; 99.4 m @ 0.40 g/t Au (including 29.5 m @ 0.74 g/t Au; 88.1 m @ 0.42 g/t Au (including 16.8 m @ 1.16 g/t Au; 141.1 m @ 0.41 g/t Au (including 40.9 m @ 0.96 g/t Au); 42.6 m @ 0.47 g/t Au. A 50 x 50 m soil survey was completed the previous week on the Jasper copper target, where the IP anomaly of the California target continues. A total of 60 rock chip samples were recently collected at two additional copper oxide locations, and a channel sampling program across the gold soil anomaly will commence shortly on the California target.
  • Goldcorp Inc. released an exploration update on the Altiplano around its Peñasquito mine in Zacatecas. Exploration was focused on ground validation of 13 targets identified on the first quarter, as well as regional rock chip and selective leach soil sampling at a 1 km grid spacing near the mine. Biogeochemical sampling of creosote plants is also to be used. A 15,000 m program of reverse circulation (RC) holes to the top of bedrock is to evaluate targets overlain by Tertiary cover in several valleys. Detailed mapping and re-logging of core from the Noche Buena and Santa Rosa projects was carried out.
  • Riverside Resources Corp. released results from the first phase of exploration at its Cecilia project in Sonora. The second batch of samples include 8.0 and 9.7 m wide zones at the North Breccia zone averaging 3.90 g/t Au and 1.2 g/t Au respectively. About 400 m SW from the North Breccia zone a fault zone assayed 5.4 g/t Au over 3.0 m. Several priority drill targets have been selected and the process for drill permitting has started. The target is a low sulfidation epithermal mineralization system within and beneath a felsic volcanic flow-dome complex which has been defined in an area of 1,200 x 400 m, and over 400 m of vertical span.
  • Southern Silver Exploration Corp. released recent results from its current drilling campaign at Cerro Las Minitas, Durango. The last hole intersected 12.5 m true width (TW) @ 154 g/t Ag, 2.0 g/t Au, 3.2% Pb, 3.9% Zn (including 3.0 m TW @ 329 g/t Ag, 4.6 g/t Au, 7.4% Pb, 7.3% Zn); 9.2 m @ 220 g/t Ag, 0.3% Cu, 3.6% Pb, 5.4% Zn.
  • Zenith Minerals Ltd. completed a shallow drilling program at the Zacatecas Lithium project. The 11 auger holes reached a maximum of 27 m of depth at the San Juan salt pans, recovering sediment and brine samples. The brines were within 5 to 15 m of the surface. Drilling results are expected within four weeks.

ON MINING

  • Avino Silver & Gold Mines Ltd. reported second quarter 2017 production results from its Avino property in Durango. At the Avino mine 115.5 K tonnes were mined, 117.4 K tonnes milled @ 76 g/t Ag, 0.53 g/t Au, 0.49% Cu, recovering 84% Ag, 69% Au, 89% Cu to produce 241.7 K Oz Ag, 1,384 Oz Au, 1.13 M Lb Cu. At the San Gonzalo mine 21.2 K tonnes were mined, 20.1 K tonne milled @ 277 g/t Ag, 1.19 g/t Au, recovering 81% Ag, 74% Au to produce 144.3 K Oz Ag, 570 Oz Au.
  • Americas Silver Corp. provided second quarter 2017 production results, including figures from its Cosalá operations in Sinaloa. At Cosalá 134.8 K tonnes of ore were milled @ 66 g/t Ag to produce 242.5 K Oz Ag, 273.5 K Lb Cu, 1.35 M Lb Pb, 2.9 M Lb Zn, or 564.1 K Oz AgEq at cash cost ($2.43) and AISC ($2.43).
  • Coeur Mining Inc. reported second quarter 2017 financial results, including figures from its operations in Mexico. At Palmarejo in Chihuahua 335.8 K tons were mined @ 155 g/t Ag, 2.49 g/t Au, with 335.4 K tons milled and a recovery rate of 87.3% Ag, 91.1% Au to produce 1.45 M Oz Ag, 24,292 Oz Au. Mining rates were 2,600 tons per day (tpd) at Guadalupe and 1,000 tpd at Independencia. Exploration expenses during the quarter were $3.1 M, to accelerate resource expansion and new target definition efforts.
  • Goldcorp Inc. released its second quarter 2017 results, without detail on figures from its various operations in several countries, including Mexico. The by-product cash cost per gold ounce was $510 and all-in sustaining cost (AISC) $800 per gold ounce.
  • Agnico Eagle Mines Ltd. reported second quarter 2017 results, including information on its Mexican operations. At Pinos Altos in Chihuahua 620 K tonnes were processed (6,811 tpd) @ 2.65 g/t Au, to produce 48,196 Oz Au at cash cost $595 per Oz Au and total cash cost of $373 per Oz Au. In late June a new silver flotation circuit was commissioned, and a 10-12% increase in silver recovery is expected. At Creston Mascota, which operates as a satellite operation to Pinos Altos, 596 K tonnes were processed (6,554 tpd) @ 1.17 g/t Au, to produce 12,074 Oz Au at cash cost $610 per Oz Au and total cash cost $550 per Oz Au. Recent drilling of the Bravo and Madrono zones at Creston Mascota has intersected 18.2 m (TW) @ 1.6 g/t Au; 5.4 m @ 10.9 g/t Au; 12.3 m @ 1.7 g/t Au; 10 m @ 1.4 g/t Au; 13.6 m @ 1.4 g/t Au; 13.6 m @ 1.9 g/t Au; 3.5 m @ 4.2 g/t Au; 8.2 m @ 2.5 g/t Au; 5.4 m @ 3.3 g/t Au. At La India in Sonora, 1.33 M tonnes were processed (14,605 tpd) @ 0.65 g/t Au, to produce 24,211 Oz Au at cash cost $617 per Oz Au and total cash cost $552 per Oz Au. The company is evaluating location options to construct additional pad capacity. At the El Barqueño project in Jalisco, 18,200 m of drilling were completed in 55 holes, focusing on the extension of the Azteca-Zapoteca zone, as well as at the Tecolote, San Diego and Olmeca prospects.
  • Great Panther Silver Ltd. has resubmitted the permit application in connection with the Phase II Tailings Storage Facility (TSF) at Topia, Durango, and expects a response with 60 days from SEMARNAT. Normal operations will continue using the existing Phase I TSF, although the deposition of dry tailings cannot continue indefinitely and avoidance of disruption cannot be assured.

ON FINANCING

  • Torex Gold Resources Inc. signed an amended and restated credit agreement with BNP Paribas, Commonwealth Bank of Australia, ING Capital LLC and SG Americas Securities, in connection with the previously announced secured US$400 M debt facility (Los Guajes-El Limon).
  • Santacruz Silver Mining Ltd. closed the first tranche of the previously announced non-brokered private placement for gross proceeds of $935 K (Rosario, Cinco Estrellas in San Luis Potosi).

ON RESOURCES AND DEVELOPMENT

  • Candelaria Mining Corp. submitted the environmental Impact assessment report (MIA) to SEMARNAT (Mexican environmental authority). The company has already received an exploration permit for a 2,000 m program at the La Paila zone, which holds the current resource. Exploration permits for 7,500 m of drilling on several other areas are under preparation. Additional metallurgical test work, re-design of the conceptual pit, resource update, water supply studies and ore and waste rock characteristic studies are to be advanced.
  • Excellon Resources Inc. reported high-grade drilling results from the current program at the Platosa mine in Durango, of which 15,000 m have been completed on 120 drill holes from surface and underground. Relevant intersections include 2.19 m @ 104 g/t Ag, 2.6% Pb, 1.2% Zn; 3.45 m @ 124 g/t Ag, 5.2% Pb, 5.2% Zn; 6.76 m @ 886 g/t Ag, 8.8% Pb, 20.5% Zn; 1.45 m @ 2,995 g/t Ag, 16.4% Pb, 0.9% Zn; 1.06 m @ 1,171 g/t Ag, 9.3% Pb, 2.9% Zn; 3.70 m @ 1,600 g/t Ag, 6.4% Pb, 8.7% Zn; 1.80 m @ 316 g/t Ag, 3.2% Pb, 0.9% Zn; 1.30 m @ 287 g/t Ag, 6.3% Pb, 0.6% Zn; 1.27 m @ 3,574 g/t Ag, 28.2% Pb, 18.7% Zn; 2,10 m @ 1,238 g/t Ag, 5.3% Pb, 2.9% Zn.

ON DEALS AND CORPORATE ISSUES

  • Goldcorp Inc. reached an agreement with San Marco Resources Inc. to acquire the La Pinta 6 concession, adding 80 Km2 contiguous to Noche Buena, providing early stage targets.

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 below, kaolin mine in argillitized tuffs in eastern Chihuahua. Photo by Jorge Cirett.

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

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During the 24th week of the year (June 12th to June 18th, 2017), at least 19 press releases were announced by companies working in Mexico. ON MEXICO ISSUES, the Mexican government released ground for staking for the first time in over two years. ON EXPLORATION, in Sonora Millrock and Centerra are to explore the Navidad project, while Canuc released information on the San Javier project. In Chihuahua VVC Exploration obtained a coveted drilling permit, and Harvest Gold disclosed high-grade rock sampling results from Cerro Cascaron. In Guanajuato, Vangold released results from an extensive rockchip program at its Pinguico property.  ON MINING, no relevant news . ON FINANCING, Southern Silver closed the first tranche of a placement, raising $2.5 M. ON RESOURCES AND DEVELOPMENT, Mexus Gold announced the arrival of a secondary crusher and the installation of an atomic absorption lab at its Santa Elena mine in Sonora. ON DEALS AND CORPORATE ISSUES, Millrock and Western Mining. Entered into an agreement for the purchase of the Navidad property in Sonora. Nyrstar and Telson completed the transaction on the Campo Morado mine sale in Guerrero. San Marco sold to Goldcorp the La Pinta 06 concession in Zacatecas. Discovery Metals is to buy from private owners the La Kika concession in Coahuila.

ON MEXICO ISSUES

  • The Direccin General de Regulación Minera released the first liberty announcement in more than two and a half years, to liberate ground for staking. The release includes 104 concessions that have been reduced in size, and a new title issued, 43 concessions relinquished by the concessionaires and 40 concessions cancelled by payment defaults. It is hoped the agency now can liberate ground on a steady manner (A bigger release was promised on October of 2015).

ON EXPLORATION

  • Millrock Resources Inc. and Centerra Gold Inc. are to explore the recently optioned (see below) La Navidad gold project in Sonora. The 25 K hectares project presents gold mineralization hosted by low-angle faults related to the Magdalena Core Complex, with a zone of faults traced over 2.2 Km and 300-600 m surface width. Historic drill intercepts include 13.2 m @ 2.09 g/t Au; 6.6 m @ 1.34 g/t Au; 3.3 m @ 2.03 g/t Au; 19.5 m @ 0.84 g/t Au; 14.9 m @ 0.66 g/t Au; 8.3 m @ 1.03 g/t Au.
  • Mammoth Resources Corp. released results from its surface channel sampling at its Tenoriba project in Chihuahua. At the Moreno zone 11.5 m (true width, or TW) were cut @ 0.64 g/t Au, while at Carnertios (3 km to the ENE) the samples returned 15.5 m @ 0.99 g/t Au and 7.0 m @ 1.28 g/t Au.
  • Canasil Resources Inc. informed that the last drilling campaign at its Esperanza project in Zacatecas extends the known well-mineralized envelope on the Esperanza vein over 400 m of strike length and 350 m of depth, open in all directions. Based on alteration in volcanic rocks and geophysics, Canasil has outlined a 5 km long target for further exploration, as well as the presence of four other untested veins.
  • VVC Exploration Corp. announced that the SEMARNAT (Environmental Agency) has approved the application for advanced exploration drilling at its Salamayuca copper project in Chihuahua. The program envisages core drilling in up to 53 locations at the site.
  • Canuc Resources Corp. released compiled information from work done by the Santa Rosa Silver Mining Corp. on the San Javier project in Sonora, subsequent to 2012. Mineralization appears as vein and vein-breccia zones 1 to 4.5 m in width, alteration zones associated to the margins of felsic to intermediate dykes and quartz-stockwork breccia zones than can be much wider. At Colorado, the silica clay alteration is at least 11 m wide, with 11.2 m returning 284 g/t Ag, while the Carranza zone locally attains 31 m in width, with 11 m returning 283 g/t Ag. Nine prospects are located on a 2.4 km long corridor.
  • Harvest Gold Corp. disclosed rock sampling results at Cerro Cascaron project in Chihuahua. At La Cascarita two samples returned 3 m @ 1,170 g/t Ag, 2.7 g/t Au, 1.0% Zn; 1.3 m @ 331 g/t Ag, 0.07 g/t Au, 1.6% Pb. A select sample from the Serpiente Dorada vein returned 826 g/t Au, and six other samples from the main vein field returned between 0.25 and 38.0 g/t Au.
  • Vangold Mining Corp. released exploration results from its El Pinguico project in Guanajuato. To date 452 rock samples have been collected from surface and underground locations, results include (no widths provided) 3.4 g/t Au, 450 g/t Ag; 3.8 g/t Au, 331 g/t Ag; 4.1 g/t Au, 354 g/t Ag; 12.6 g/t Au, 1,490 g/t Ag; 5.5 g/t Au, 403 g/t Ag; 4.6 g/t Au, 350 g/t Ag; 9.2 g/t Au, 63 g/t Ag; 13.9 g/t Au, 278 g/t Ag. The program confirms the El Pinguico/El Carmen vein extends to the south, connecting with the La Joya, La Joyita and El Pirul vein systems, extending mineralization 1.5 km from the midpoint of the property.

ON MINING

  • No Relevant News.

ON FINANCING

  • Southern Silver Corp. closed the first tranche of the previously reported brokered private placement, for gross proceeds of $2.5 M (Cerro Las Minitas, Durango).

ON RESOURCES AND DEVELOPMENT

  • Mexus Gold US. announced the arrival of a secondary crusher to its Santa Elena mine in Sonora (not to mistake with First Majestic’s Santa Elena mine, also in Sonora), and reported assays for samples near the Don Julio vein system, reporting results of 8.3; 0.7; 1.9; 5.8; 5.0 ; 1.1; 1.3 g/t Au. The atomic absorption machine has been installed.
  • Consolidated Zinc Ltd. announced that two more drill holes at its Plomosas mine in Chihuahua have intersected 1.75 m and 0.80 m of massive and semi-massive sulphide mineralization. Furthermore, 33 rock chip samples were collected over 150 m strike in underground workings, with massive and semi-massive sphalerite and galena mineralization in the Las Espadas area.

ON DEALS AND CORPORATE ISSUES

  • Millrock Resources Inc. entered into an option agreement to purchase La Navidad project from a private Mexican firm, Western Mining S.A. de C.V.. To complete the 100% interest purchase, 2.5 M in option payments to Western may be made over a four-year period. An initial payment of 125 K has been made. Three further option payments of 125 K each may be made at annual intervals. A final option payment of $2 M could be made to complete the purchase of the mineral rights. Through its agreement with Millrock, Centerra has the option to earn an 80% interest in La Navidad by funding all the financial obligations in the underlying agreement between Millrock and Western.
  • Nyrstar NV. Announced the completion of the sale of its Campo Morado mine in Guerrero to Telson Resources Inc. for a total cash consideration of USD 20 M, and the potential for additional future proceeds through a variable price agreement linked to production from the mine. The Campo Morado poly-metallic mine can process 2,500 tonnes per day, with the mining concessions covering over 12 thousand hectares. During 2014 the mine processed 657 k tonnes @ 1.2 g/t Au, 115 g/t Ag, 4.6% Zn, 1.2% Cu, 0.9% Pb.
  • San Marco Resources Inc. entered into an agreement to sell its La Pinta 06 concession in Zacatecas to Goldcorp Inc. for US$225 K and a 1% NSR.
  • Discovery Metals Corp. (formerly Ayubowan Capital Ltd.) entered into a mineral exploration and option agreement to acquire the La Kika concession in Coahuila from private vendors. On closing US $45 K are to be paid, and the company is to incur in not less than US $2 M in exploration expenditures, half of which is a firm commitment, and the issuance of an aggregated 1 M shares to the vendors. A 30% royalty on the operating profit of direct shipping operations (for the first 450 K tonnes), or a 2%  NSR otherwise.

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 below, setting up a geophysical survey in northeastern Chihuahua, circa year 2000. Photo by Jorge Cirett.

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Millrock Acquires Option On El Picacho Gold Project, In An Alliance Agreement With Centerra Gold, Sonora State, Mexico

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https://www.millrockresources.com/news/millrock-acquires-option-on-el-picacho-gold-project-in-an-alliance-agreement-with-centerra-gold-sonora-state-mexico

VANCOUVER, BRITISH COLUMBIA, June 8th, 2017 – Millrock Resources Inc. (TSX-V: MRO) (“Millrock”) announces it has entered an option agreement to purchase the El Picacho project. The project consists of district-scale concessions that cover approximately 6,300 hectares, located in Sonora State, Mexico, 18 kilometres southwest of the San Francisco Gold Mine which is operated by Alio Gold Inc. The target is an orogenic gold deposit of similar scope to that present at San Francisco. The project was identified to Centerra Gold Inc. (“Centerra”) by Millrock, and Centerra has agreed that El Picacho will become a “designated project” under the terms of the strategic alliance agreement (“Alliance”) in place between the companies. The Alliance was announced here in early 2017. Centerra has provisionally approved a US$460,000 exploration budget for 2017 for the El Picacho project.

MEXICAN GOLD ANNOUNCES AGREEMENT TO ACQUIRE THE PEPE, PEPE TRES AND SAN JOSE CONCESSIONS AT LAS MINAS

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Click to access nr-2017-06-08.pdf

MEXICAN GOLD CORP. (the “Company” or “Mexican Gold”) (TSX-V: MEX) is pleased to announce that its wholly-owned subsidiary, Roca Verde Exploracion de Mexico, S.A. de C.V. (“Roca Verde”), has entered into a definitive purchase and sale agreement (the “Purchase Agreement”) to acquire a 100% interest in the Pepe, Pepe Tres and San Jose concessions (the “Concessions”) at its Las Minas property from the current owners (the “Owners”). The Concessions form the core of the Las Minas property and encompass six highly mineralized zones, including the El Dorado/Juan Bran and Santa Cruz zones. An initial mineral resource estimate is currently underway for these two zones and is scheduled for completion in July, 2017.

IMPACT Silver divests non-active Zacatecas assets

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http://www.impactsilver.com/s/NewsReleases.asp?ReportID=791981&_Type=News-Releases&_Title=IMPACT-Silver-divests-non-active-Zacatecas-assets

IMPACT Silver Corp. (“IMPACT” or the “Company) announces that it has sold its Zacatecas assets to Endeavour Silver Corp. (“Endeavour”; TSX: EDR, NYSE: EXK) for 154,321 common shares of Endeavour with a deemed value of US$500,000. The Zacatecas assets consist of 10 mineral concessions covering 152 hectares, 14 hectares of surface rights, the old inactive Santa Gabriela 200 tonne per day processing plant and tailings facilities. IMPACT has carried out only minimal work in Zacatecas since 2009 and management took this opportunity to monetize these non-active assets and allow management to better focus its time on its silver production assets at the Royal Mines of Zacualpan and new ventures.

Argonaut Gold Announces Agreement to Acquire Key Fresnillo Mineral Concession Adjacent to the El Castillo Mine

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https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1033-tsx/ar/29637-argonaut-gold-announces-agreement-to-acquire-key-fresnillo-mineral-concession-adjacent-to-the-el-castillo-mine.html

TORONTO, ONTARIO–(Marketwired – Feb. 23, 2017) – Argonaut Gold Inc. (TSX:AR) (the “Company”, “Argonaut Gold” or “Argonaut”) is pleased to announce that its wholly-owned subsidiary, Minera Real Del Oro, S.A. de C.V., has entered into an agreement with Desarrollos Mineros El Aguila, S.A. de C.V. (“El Aguila”), a wholly-owned subsidiary of Fresnillo Plc (“Fresnillo”) whereby Argonaut will acquire 420 hectares pursuant to a mineral concession (the “San Juan Concession”) owned by El Aguila covering known projections of El Castillo mineralization (the “Transaction”). In addition, the parties have entered into an agreement whereby portions of other adjacent concessions may be used by Argonaut for leach pads, ponds and overburden sites, subject to the terms of such agreement. All dollar amounts are expressed in United States dollars unless otherwise specified.