El Tigre Silver Corp. (the "Company") ("El Tigre") (TSX VENTURE:ELS)(PINK SHEETS:EGRTF)(FRANKFURT:5RT) is pleased to announce the sampling results conducted on Gold Hill along the southern extension of the El Tigre silver-gold vein. El Tigre is conducting this work under its wholly owned subsidiary Pacemaker Silver Mining S.A. de C.V. at its El Tigre Project in Sonora, Mexico. The 430 square kilometer El Tigre silver-gold project is controlled 100% by 8 concessions.
Mexico Mining News
Great Panther Silver (TSE:GPR)(AMEX:GPL) Tuesday announced the discovery of additional high grade silver-gold mineralization in an extension of the Cata Mine in the core of the Guanajuato Mine Complex in Mexico.
The Royal Canadian Mounted Police are investigating a Calgary-based company over allegations of bribery in Mexico. The Mounties are checking whether Blackfire Exploration Ltd. made monthly payments to a local mayor to prevent protesters from interrupting the mine's operation, says the CBC:
MarketWatch reports Mexico has overtaken Peru as the world's top silver producer as output in the Andean nation has seen a sharp decline during the first six months of 2011. In the January-to-June period, Mexico turned out 1.88 million kilograms (60.4 million ounces), compared to 1.63 million kilograms in Peru, according to government figures.
Aura Silver Resources Inc. (TSX VENTURE:AUU) ("Aura Silver" or the "Company") announces that it has closed the first tranche of its brokered private placement financing issuing 7,670,587 flow-through units (the "FT Units") for gross proceeds of $1,304,000 and 2,156,667 units (the "Units") for gross proceeds of $323,500. Union Securities Ltd. ("Union") acted as agent for this financing.
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 1, 2011) - Timmins Gold Corp. (TSX:TMM) is pleased to announce results for drilling completed during the months of June and July, 2011 at the existing La Chicharra open pit located 2 kilometres west of the San Francisco open pit, in the state of Sonora, Mexico. The most significant results were obtained along the projection of the La Chicharra mineral trend located 500 meters to the south of the San Francisco mine and 1,200 meters to the southeast of the La Chicharra pit along what appears to be a parallel mineral system to the San Francisco deposit.
VANCOUVER, Aug. 31, 2011 /PRNewswire/ - Pan American Goldfields Ltd (OTCQB:"MXOM") (the "Company") is pleased to report a significant increase in gold and silver production at its Cieneguita, Chihuahua, Mexico, joint venture. The Company's partner at the Cieneguita joint venture is Minera Rio Tinto (MRT), a private Chihuahua based company. Under the joint venture agreement the Company receives 20% of the net operating profits after royalties for material processed through the small-scale operation and mined from the first 15 meters depth of the Cieneguita deposit until December 31st 2012. For all other material processed from the property, the Company's interest is 80% and MRT has a 20% working interest.
The RCMP have confirmed that a criminal investigation is now underway into bribery allegations against Blackfire Exploration Ltd., a Calgary mining company. In March 2010, a coalition of non-governmental organizations forwarded documents to police that appear to show 14 payments to the mayor of Chicomuselo, Julio Cesar Velazquez Calderon, and a letter from the company to the congress of the state of Chiapas in which the company asks for the mayor to be removed from power.
Four miners were killed when a coal mine collapsed in the northern Mexican state of Coahuila on Friday, a senior government official said. Labor Minister Javier Lozano said in a Twitter message the fourth body was recovered late on Friday and an extraordinary inspection of the mine was underway.
Four miners have been killed in an explosion that caved in part of a coal mine in the northern Mexico border state of Coahuila.
Canadian miner Timmins Gold Corp said drilling at its open pit gold mine in Sonora, Mexico, showed that there were additional mineralized zones at the site.
The copper market has continuously been plagued with labour disputes for years, however, this year strikes have been especially prevalent with workers believing that they are entitled to larger pay cheques and benefits as they perceive that their employers are “raking in the cash” on the back of high metals prices.
Great Panther escaped the mayhem on the markets and ended Thursday up 3.6% on the TSX after announcing it shipped 100 tonnes of silver-gold pyrite concentrates from its Guanajuato operation to a new buyer in Mexico. Last week the company disappointed the markets with quarterly results that showed a drop in revenues due to the shipping delays and lower silver production as a result of falling grades. The volatile stock is down almost a quarter over the last month.
Catalyst Copper Corp. announce Friday that it has closed its previously announced non-brokered private placement of 20,200,000 common shares of the Company at a price of $0.105 per share for gross proceeds of $2,121,000. The Company paid $29,085 as a finder's fee in conjunction with the Offering.
Impact Silver Corp. announced on Wednesday additional drill results for the planned open pit Capire mine in the 200-square-kilometer Mamatla Mineral District, in central Mexico. Production plans at Capire are to first install a 200-tonne-per-day pilot plant (already purchased) to optimize mining and processing parameters toward planning for a larger operation in the future.
Lone Star Gold provided a regional overview relating to the Company's 70% Working Interest in the ~1,976-acre (~800-hectare) Mexico-based La Candelaria gold-silver project property.
The Northern Miner reports: AuRico Gold (GAM-T, GRS-N) has had nothing short of a notable operating year so far, as the company continues to rebrand itself as a leading, low-cost, diversified gold-silver producer in Mexico.
BioteQ Environmental Technologies, a leader in the treatment of industrial waste water, has come to an agreement with Minera México, a subsidiary of Grupo México, to provide water treatment solutions that support Minera México’s commitment for the sustainable development of its mineral resources.
Baja Mining Corp. on Thursday provided a project update for its 70% owned Boleo copper-cobalt-zinc project, located near Santa Rosalia, Baja California Sur, Mexico. The Company has started to receive underground mining equipment in line with September's scheduled start of underground mining.
High Desert Gold Corporation announced on Thursday that the Company has identified two new areas of high-grade gold/silver and base metal mineralization, and a third area of skarn mineralization, at its wholly-owned San Antonio Project in Sonora, Mexico.
Mexico massively ramped up its gold reserves in the first quarter of this year, buying over $4 billion of bullion as emerging economies move away from the ailing U.S. dollar, which has dipped to 2-1/2-year lows.
Reuters reported that miners from Chile to Indonesia have staged strikes to demand a bigger share of a global copper boom, stoking supply fears and boosting prices.
Toronto-listed Scorpio Mining Corp reported a quarterly profit helped by production ramp-up at its Nuestra Señora mine in Mexico, but missed market estimates compiled by Reuters, sending its shares to close just under 4% down. Vancouver-based Scorpio reported a net income of C$3.3 million and strong cash flow from operating activities in Q2 2011 of $11,9 million as recovered silver equivalent ounces reached 1,548,174, an increase of 79% from 2010 and contained metals produced in concentrates jumped 92% to of 734,558 ounces.
Silver Bull Resources Inc. (SVB - TSX, SVBL - Amex - NYSE) has signed a contract with SRK Consulting (Canada) Inc. to produce an updated NI43-101 compliant resource report on the silver mineralization of the "Shallow Silver Zone" at the Sierra Mojada Project in Coahuila, Mexico.
Amex Exploration Ltd. announced Monday that it has obtained all necessary permits and license for its drill program at the Nueva Escondida property Sonora Mexico .