The discovery of a widespread oxide gold system at the Oro deposit in New Mexico creates a second prospect for Southern Silver Exploration.
New Mexico Mining News
The southern New Mexico mining town of Santa Rita no longer exists, even as a ghost town, except in the memories of Terry Humble and others who lived there.
Drilling has started on the Mescalero Apache Reservation in a search for financially viable sources of rare earth elements to mine.
Exploration highlights: Samples contain strongly anomalous gold values with values as great as 90.6 g/t and 76.3 g/t
TSX-listed IC Potash is in talks with “quite a few” companies to partner on its Ochoa project in New Mexico, and hopes to have an agreement penned within the next 12 months, CEO Sidney Himmel told Mining Weekly Online.
TSX V-listed IC Potash, which has projects in New Mexico, said on Thursday it had successfully raised $20-million in a bought deal offering. The company will use the money to develop its Ochoa project