Day: October 12, 2016

J.D. Poliquin, chairman of Almaden stated, “Today’s results once again show the presence of the high grade veins on the Tuligtic project. While we are now focussed on developing the Ixtaca deposit into a significant precious metals producer in Mexico, and are currently busy with engineering work and studies towards producing a PFS, we are also conducting exploration drilling to test for additional resource potential.”

Colibri will initiate a program of detail mapping and sampling in the area of the high grade chip samples and explore for extensions of this area. We will also investigate the areas of high gold in soils to see if we can strip, map and sample these areas. The above work will be followed up by a second phase program of drilling.

President Mike England states, “The Company is pleased to now have boots on the ground on our Mexican concession and to commence exploration on the property. Our team is well experienced in the area and we look forward to announcing further news as they progress with the exploration program.”

“We are pleased that the Company’s Oaxaca Mining Unit business plan of having multiple mines feed a strategically located mill is well underway with the development of our now fully permitted Alta Gracia mine,” stated Mr. Jason Reid, CEO and President of Gold Resource Corporation. “We were able to advance Alta Gracia forward much faster with this business plan, as we only have to justify the mining and trucking costs to haul mineral to our Aguila mill for processing. This shared mill approach eliminates the need and capital required to build a mill at each of our six properties. Furthermore, it targets moving a property into production sooner, at less cost and may add to our production profile and longevity of operations. We are very excited to soon have Alta Gracia as our second producing mine within our Oaxaca Mining Unit.”

Evrim Resources Corp. announces new exploration results at the Company’s 100% owned Llano del Nogal project in Sonora, Mexico. Recent mapping and ground geophysics has defined a large 1,000 metre by 600 metre zone of porphyry alteration with a buried target at the Suanse area. Llano del Nogal has had very limited exploration and represents one of the few undrilled projects within the Cananea – La Caridad Porphyry Belt.

“This new resource estimate highlights the important progress we’ve made since the last resource estimate” said Avino President and CEO, David Wolfin. “During the past ten years, our mine site exploration efforts have been successful, consistently identifying new resources.”