The content has been shared, if you want to share this content with other users click here.
Toronto's Rio Silver said it acquired an additional concession near its Niñobamba silver-gold project in Ayacucho, Peru.
The Peruvian government is expected to grant the title to the 553ha concession in the first half of the year, the company said. Rio Silver is compiling historic exploration data in preparation for future exploration work at Niñobamba, a JV with Nevada-based miner Magellan Gold.
SRK Consulting is expected to complete the study on the 2,600ha property's Posse target in the first quarter, the company said in a statement. The study for a 2.5Mt/y gold plant will be based on a price of US$1,200/oz, it said.
Utah miner Inception Mining disclosed exploration details at its Clavo Rico gold project in Choluteca, Honduras.
Work has been completed on a 12th drill hole at the property, with highlights of 50m of 1.55g/t gold, according to a statement.