Junior roundup: Condor, Santana, Duran, Red Eagle

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Monday, April 24, 2017

Vancouver's Condor Resources and Chakana Resources have extended the time period to conclude a memorandum of understanding concerning the Soledad copper-gold-silver project in Peru until May 9, the former said in a statement.

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Mexico-focused Santana Minerals identified a new silver zone at its La Plata prospect within its Cuitaboca project in Sinaloa state, a securities filing said.

The company said an upcoming drilling campaign is focused on further delineating the extent of mineralization already identified at the Mojardina and Jesus Maria prospects.

It said the new discoveries add to its "confidence in defining a bulk tonnage silver resource within the southern extends of the Cuitaboca land package."

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Toronto's Duran Ventures acquired three gold-silver mineral concessions in northern Peru through direct application with the country's mining and energy ministry, a press release said.

The Miton de Oro, Indio Inka and Pueblo de Oro concessions have no underlying royalties, are road accessible, and were subject to varying forms of small-scale artisanal mine workings in the past. They were acquired as potential mineral sources for its 80%-owned Águila Norte processing plant.

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California's Red Eagle Mining has declared commercial production at its San Ramón mine in Colombia, nearly five months after the first gold pour, a statement said.