Day: October 15, 2015

New High Grade Silver Zone Identified at Mesa de Plata

• New zone of silver mineralisation identified near recently announced Mesa de Plata silver discovery (refer ASX release 16 September 2015)

• High grade silver assays returned from outcrop sampling, include: 369g/t Ag 181g/t Ag 148g/t Ag 136g/t Ag 116g/t Ag 103g/t Ag

• Mineralisation is hosted in the same vuggy silica rock unit as the nearby Mesa de Plata discovery

• Diamond drill program currently underway at Mesa de Plata for mineralogical and metallurgical studies

Sierra Metals Reports Production Increase of 9% at its Bolivar Mine and 75% at its Cusi Mine in the Third Quarter 2015

Mark Brennan, President and CEO of Sierra Metals, commented: “The Company continues to implement best practices and modern methodologies as we work to increase production in the coming years. Recognizing lower production in the short-term at Yauricocha as we work to make these changes, we are pleased that the Company has still maintained a solid quarter of production, including record silver equivalent production and plant throughput at our Cusi Mine. The quality of our assets, operated by our skilled teams, enables us to continue on the path towards meeting 2015 production guidance.”

Morro Bay Begins Trading on OTC Pink

Morro Bay Resources Ltd. is pleased to announce that its common shares have commenced trading on OTC Pink, the open marketplace of the U.S. Over-the-Counter markets, under the symbol MRRBF.

Argonaut Gold Announces Third Quarter 2015 Production of 28,876 Gold Equivalent Ounces

Argonaut Gold Inc. announced today that it produced 28,876 gold equivalent ounces during the third quarter ended September 30, 2015. This included 17,297 GEOs at its 100% owned El Castillo Mine located in the State of Durango, Mexico and 11,579 GEOs at its 100% owned La Colorada Mine located near Hermosillo, Mexico. Argonaut is well positioned to achieve its full year production guidance of 135,000 to 145,000 GEOs.

Alamos gold Declares Semi-Annual Dividend

Alamos Gold Inc. today announced that the Company’s Board of Directors has declared a semi-annual dividend of US$0.01 per common share. This represents the Company’s 12th consecutive semi-annual dividend and once again demonstrates its commitment to returning value to shareholders.

Fortuna reports production of 1.7 million ounces of silver and 10,963 ounces of gold for the third quarter 2015

Jorge A. Ganoza, President and CEO, commented, “We continue on target to meet our annual consolidated production guidance. The expansion of our San Jose Mine continues on schedule for commissioning in mid-2016. Once at 3,000 tpd, San Jose is planned to operate at an all-in sustaining cash cost of US$7 – 8, net of by-product gold, and will rank among the thirteen largest primary silver mines in the world.” …

Major Drilling Group International Inc. is one of the world’s largest drilling services companies primarily serving the mining industry. Established in 1980, Major Drilling has over 1,000 years of combined experience and expertise within its management team alone.

All News

Maza Drilling is a Mexican company established in 2007 in Mazatlán, Sinaloa. Our Canadian founder, Mr. Guy de Launiere, has over 20 years of international experience managing diverse drilling operations. Maza Drilling strives to compete at the highest levels in terms of recovery, effectiveness, efficiency, and affordability at every project while keeping at the forefront of technology to meet our customer’s needs in this demanding market.