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Two men, reportedly high ranking officials at US-based Southridge Minerals (Pink Sheets: SRGE), have been found dead in a river in Mexico, local press reported.
The bodies were found in the Santa Rosa river on the border of Jalisco and Nayarit states, El Economista said in the Ixtlán del Río municipality.
While they have not been officially identified, the report said, documents found in their clothes include the names of Derald Johnston and Michael Davies.
According to the Southridge website, Davies is the company CEO and Johnston the CFO.
The bodies were taken for forensic tests in Tepic for experts to investigate cause of death and for formal identification.
The bodies were found over the weekend, El Occidental reported, without giving further details.
No one from Southridge was immediately available to comment.
The company owns the Cinco Minas, Gran Cabrera and Esperanza gold-silver projects in Jalisco state, Mexico, according to information from the company website, but was last week accused by Vancouver's Bandera Gold (TSX-V: BGL) of issuing "false and misleading" statements regarding Cinco Minas.