Canplats to Acquire New Gold Project in Mexico
Canplats Resources Corporation (TSX VENTURE:CPQ) is pleased to report that the company is assembling extensive properties in the Mecatona gold-silver district in the state of Chihuahua, Mexico approximately 20 kilometers south of Parral. The properties cover the principal veins of the district where historic mining activities focused on gold-silver production from epithermal veins measuring from one to five meters in thickness.
The Mecatona district covers three trends: two northeast-trending fault systems, which extend for up to 1.2 kilometers, and one northwest-trending shear zone mapped over 600 meters. These faults dip toward each other and their projected intersection at depth provides excellent targets for exploration. The district includes two small operating producers and six abandoned mines.
Recent surface sampling on the properties has returned values of up to 45.1 grams of gold per tonne and 1,770 grams of silver per tonne (1.3 ounces of gold per tonne and 51.6 ounces of silver per ton). Compilation of mapping and sampling is underway to identify drill sites. Encouraging high-grade gold and silver values indicate excellent potential for high-grade bonanza-style mineralization in veins.
In addition to holdings in the Mecatona district, Canplats has retained two geologists with a proven track record of discoveries in the region to conduct property examinations and regional exploration in north central Mexico. The program will commence in the New Year and continue for at least six months.
Canplats also holds a 100% interest in the Rodeo gold project located in the state of Durango, Mexico. Drilling at the Rodeo property in 2004 intersected up to 5.98 grams of gold per tonne over 27 meters (0.17 ounces of gold per ton over 89 feet), including 7.9 grams of gold per tonne over 16 meters (0.23 ounces of gold per ton over 52.5 feet) in hole BR-6. A drill program is being planned for early 2006.
More: ccnmatthews.com
Linear Gold shares rise after gold discovery in Mexico
Shares of Linear Gold Corp. (TSX:LRR) rose more than four per cent Friday after the Halifax junior miner announced it made a new gold discovery from drilling at its Ixhuatan project in Mexico.
Stock in the company rose 23 cents to $5.68, a gain of 4.22 per cent, in early trading on the Toronto Stock Exchange.
Earlier Friday, Linear Gold announced it has identified a new zone of gold mineralization from drilling southwest of its Campamento gold deposit at the Ixhuatan project.
The drilling showed gold grades ranging from 2.5 grams
Royal Gold buys royalties in Nevada, Mexico
Mineral royalty company Royal Gold Inc. said Thursday it will buy two royalties on mining operations in Nevada and Mexico from Kennecott Minerals Co. for $25 million.
Royal Gold (NASDAQ: RGLD) is based in Denver. Kennecott is based in Salt Lake City.
Royal Gold doesn't operate mines itself, but provides money for projects in return for royalties -- or percentage-based payments -- on the value of the minerals produces.
Royal Gold said it bought a 3 percent net smelter return on the Robinson gold, copper and molybdenum mine in eastern Nevada. The mine is operated
Dana Corp. dissolves joint venture in Mexico
Dana Corp. announced plans to acquire full ownership of several operations based in Mexico, following the dissolution of its joint venture with DESC S.A. de C.V., known as Spicer S.A. de C.V.
Dana will assume 100 percent ownership of operations that make and assemble axles and driveshafts, as well as forging and foundry operations in which the company now holds an indirect 49-percent interest.
DESC, in turn, will assume full ownership of the transmission and aftermarket gasket operations in which it now holds a 51-percent interest.
The transactions are expected to close in the first quarter of
Almaden Minerals Ltd.: Campanario Project, Mexico Optioned to Consolidated Spire Ventures
Almaden Minerals Ltd. (Almaden) (TSX:AMM) is pleased to announce that it has optioned it's 100% owned Campanario property, located in Oaxaca State, to Consolidated Spire Ventures Ltd. ("Spire") under terms whereby Spire can earn a 60% interest in the property from Almaden through exploration spending and share issuances to Almaden. The Campanario property was identified and acquired entirely by staking during a reconnaissance program carried out by Almaden in 2004. The claim staked by Almaden covers a roughly 10,003 hectare area, free of any other mineral title.
To date only a
Mexico pig manure project enters Kyoto pollution scheme
A scheme to cut greenhouse gas emissions from pig manure has become Mexico's first project to win approval under the Kyoto Protocol rules on investing in poor countries, the project's developer said on Tuesday.
The scheme, which covers 23 farms, has gained United Nations registration under Kyoto's Clean Development Mechanism (CDM), said Ireland-based AgCert International in a statement.
"We are delighted to be the first company to have a CDM project registered in Mexico and we will now be moving toward certification as soon as possible," said AgCert's chief executive officer Bill Haskell.
Registration of
Project Mexico auction planned for Wednesday
Project Mexico will be holding its annual auction tomorrow, from 4 p.m. to 8 p.m. in McGuire Hall, with all proceeds going to fund the Project Mexico team's trip to Tijuana in January. The goal for the team is to go and serve communities in Mexico, but also to bring the spirit of Mexico back with them.
With 240 items this year, Project Mexico is auctioning off the largest amount of items ever. Items students have come to expect at the auction such as a car raffle and puppy will be there, as well as
Almaden Minerals Ltd. and Horseshoe Gold Mining Inc.: Drilling Confirms Fuego Vein System, Mexico and Will Recommence in January 2006
Almaden Minerals Ltd. ("Almaden") (TSX:AMM)(AMEX:AAU) and Horseshoe Gold Mining Inc. ("Horseshoe") (TSX VENTURE:HSX) are pleased to announce that Horseshoe will restart a diamond drill program after a Christmas break, on Almaden's wholly owned Fuego gold-silver prospect located in Oaxaca State, Mexico. The drill program will still consist of a minimum of 2,500 meters designed to test along the strike and dip of a quartz vein system identified and staked by Almaden in 2003. Horseshoe is currently working to earn a 60%
Agnico-Eagle positioned for expansion in Mexico and Quebec after strong Q2
Agnico-Eagle Mines Ltd. (TSX:AEM) says its well-positioned to move on its multi-mine expansion plans, led by projects in Mexico, after nearly tripling its profits in the second quarter.
Were in the early stages of our growth story, CEO Sean Boyd said in a conference call Thursday.
That growth story is backed up by record earnings and cash flows coming out of LaRonde (a major Quebec gold mine) in the first half of 2006.
Boyd said Agnico is spending much of its $35-million budget in a large property package in
CERRO DE SAN PEDRO, Mexico (Reuters) - In this centuries-old desert ghost town, a bitter dispute pits a Canadian company eager to unearth mineral riches against local peasants worried about environmental damage.
Mining companies say the spat involving Metallica Resources Inc. (MR.TO: Quote, Profile, Research) , a precious and base metal exploration company, is a test of how open Mexico is to foreign investors.
Metallica wants to dig for gold and silver at the once-vibrant but now decrepit Cerro de San Pedro.
But the 400-year-old mining town faces fierce opposition from some of its very few remaining residents and many
Mexico striker Borgetti to join Bolton
Mexico's joint all-time record goalscorer Jared Borgetti is on the point of signing for English Premier League club Bolton Wanderers, his present club Pachuca said.
The player known as the Desert Fox, who scored his 35th goal for Mexico in last Sunday's 4-0 win over Guatemala at the CONCACAF Gold Cup in the United States, will become the first Mexican player to join an English club if the move goes through.
"The club has accepted the offer from Bolton for the transfer of the forward," said a statement on Pachuca's official website.
The club said the move
