Issue link: http://resourceworld.uberflip.com/i/355430
A U G U S T / S E P T E M B E R 2 0 1 4 www.resourceworld.com 21 silver oz. This was 38% higher than Q1 2013 and 21% higher than Q4 2013. The increased production is the result of more tonnes being processed versus the compa- rable quarters. The El Gallo 1 expansion from 3,000 to 4,500 tonnes per day is now complete. Mercator Minerals Ltd. [ML-TSX] see base metal feature page 13. New Gold Inc. [NGD-TSX] owns and operates the Cerro San Pedro gold-silver, heap leach mine 20 km east- northeast of San Luis Potosi, central Mexico. Production during 2013 was 103,000 oz gold and 1.3 million oz silver. Reserves stand at 400,000 oz gold and 15.6 million oz silver. Resources total 4,500,000 oz gold and 15.9 million oz silver. Newstrike Capital Inc. [NES-TSXV] has completed about 230 drill holes at its 100%-owned, flagship Ana Paula Project in Guerrero and is now preparing a Preliminary Economic Assessment that will be finalized in the near future. Ana Paula has a current resource estimate of 2.2 million oz gold (pit-constrained) with another 3 million oz gold surrounding the Ana Paula Zone. Newstrike has three other Mexican projects: Aurea Norte, Aurea Sur and Oaxaca. Pan American Silver Corp. [PAA- TSX; PAAS-NASDAQ] has five Mexico mineral projects. Three producing mines include the open pit Alamo Dorado silver mine in Sonora; the La Colorado silver- gold-lead zinc mine in Zacatecas; and the Dolores open pit, silver-gold mine in Chihuahua, all 100%-owned. Exploration projects include the gold-silver La Virginia in Sonora and the gold-silver La Bolsa Project, both 100%-owned. The company recently released a positive PEA expand- ing its Dolores Mine. Paramount Gold & Silver Corp. [PZG-TSX] reported its independent con- sultants are nearing completion of a new NI 43-101-compliant resource estimate for its 100%-owned San Miguel Project in Chuhuahua that will be followed by a revised preliminary economic assess- ment for the project. Mine Development Associates is currently preparing the new resource estimate to incorporate results of drill holes within the resource areas since the last estimate of September, 2012. The updated resource estimate is expected to upgrade resources from inferred to mea- sured and indicated as well as increase the size of the resource. Primero Mining Corp. [P-TSX; PPP- NYSE] owns and operates the San Dimas gold-silver mine in Durango and Sinaloa states. For 2014, gold equivalent production is expected to be in the range of 155,000 to 165,000 oz. Primero also has several other exploration projects in Mexico. Riverside Resources Inc. [RRI-TSXV] and Morro Bay Resources Ltd. [MRB- TSXV] have released results from an additional six drill holes completed at the recently discovered Jesus Maria South zone at the Penoles Project in Durango. The company believes that these results confirm the continuity and extent of the near-surface zone away from areas of his- toric mining. The assay results included the following highlighted intervals: 9.5- metre interval averaging 251.2 g/t silver and 0.79 g/t gold (JM DDH 14-27); 15.85- metre interval averaging 123.7 g/t silver and 0.22 g/t gold (JM DDH 14-25); and a 6.25-metre interval averaging 304.6 g/t sil- ver and 0.17 g/t gold (JM DDH 14-26). Sierra Metals Inc. [SMT-TSX, BVL] has two producing mines in Mexico and eight exploration projects. The Bolivar Mine in Chihuahua is a low cost copper-zinc- silver achieved commercial production in November 2011. The company completed an updated NI 43-101 compliant resource in fall 2012 and has expanded the Piedras Verde mill to 2,000 tpd in fall 2013. The Cusi Mine property encompasses 60 conces- sions covering 11,319 hectares that include 12 old mines and is located within 40 km of the company's Malpaso mill. Commercial production at Cusi was declared in January 2013. Development ore from Cusi is cur- rently being processed at the Malpaso Mill Silver Standard Resources Inc. [SSO-TSX; SSRI-NASDAQ] has a devel- opment-stage project in Mexico – the continued on page 61