Month: June 2017

“We are excited by the results of the first systematic exploration program carried out at El Pinguico and the surrounding properties. Historical production of gold and silver at the mine came from the El Pinguico/El Carmen vein, what this program confirms, the El Pinguico/El Carmen vein extends to the Southern claim limit, connecting with the La Joya, La Joyita and El Pirul vein systems. This discovery extends mineralization over 1.5 kms from the mid-point of the property. The logical next steps are to plan a drilling program, delineate the veins below the stock pile and define the width and depth of these new targets”, stated Cameron King, President and CEO of Vangold Mining.

“The developing interpretations for NNE-SSW faults and associated breccia zones as well as the potential for finding larger breccia bodies at depth, are hypotheses that will be tested with drilling. The potential implications for contained metal values and project economics merit investigation.” Stated John Nebocat, Vice President Exploration.

Harvest Gold’s’ President and CEO Rick Mark states: “David’s site visit to Cerro Cascaron confirmed the main features of this outstanding gold and silver exploration project and the highly professional initial exploration work conducted by Evrim’s field crew. Key features of the project are the grade and extent of mineralization and the presence of multiple targets, including the main gold vein field, the La Cascarita silver rich breccia target and the Divisadero vein and stockwork prospect located on the south side of the La Dura River. We are very excited to begin the Phase 1 exploration program shortly and plan to provide regular updates to our shareholders over the next three months as we prepare for a minimum 3,000 metre drill program in the fall of 2017. ”

San Marco Resources Inc. has entered into an agreement to sell its La Pinta 06 concession in Zacatecas, Mexico to a subsidiary of Goldcorp. Inc. for $4,090,545 MXN ($225,000 USD) and a 1% net smelter return royalty on future production from the concession. Completion of the sale is subject to the approval of the TSX Venture Exchange.

Drilling of LV5023 and LV5024 designed to infill and extend the Tres Amigos resource (TRS) has intersected 1.75m and 0.80m respectively of massive and semimassive sulphide mineralisation;

Visual assessment of the style and content of mineralisation suggests this intercept is a high grade continuation of the current JORC mineral resource at TRS;

High grade zinc and lead mineralisation has been identified from mapping and sampling of La Espadas area which is in the northern parts of the mine;

Discovery Metals Corp. (formerly “Ayubowan Capital Ltd.”) is pleased to announce that it has entered into an additional mineral exploration and option agreement dated June 7, 2017, with Jesus Miguel Hernandez Garza and Juan Reynaldo Elizondo Falcon, providing option to acquire the La Kika mineral concession located in the state of Coahuila, Mexico.

Antonio Berlanga, CEO, stated “Telson’s management is very pleased to successfully complete the Campo Morado Mine acquisition, which we see as a unique and positive way to quickly add value for our Company’s shareholders. We are in advanced discussions with several concentrate offtake purchasers to secure the operating capital required to recommence mining operations and once funding is successfully achieved, hope to bring the Campo Morado Mine back on stream, producing concentrate before the end of 2017 or earlier There are no assurances that we will successfully complete an offtake agreement to facilitate recommencement of operations on the above schedule, however we are working diligently to finalize same.”

Bahman Yamini, President and CEO of Canasil, commented: “We are very pleased with the results from the recent drill program on the La Esperanza vein returning several intercepts of high grade silver mineralization, and particularly the last drill hole which included high gold values as well. The La Esperanza project covers a district scale land package located in a highly recognized silver district known for high grade silver deposits. It is close to several active mining operations, 35 km from Pan American Silver’s La Colorada mine and 80 km from the Fresnillo mine, both recognized for high silver grades and low costs of silver production. We look forward to further exploration and drilling to advance this highly prospective project.”

Thomas Atkins, President and CEO of Mammoth commented on the channel sample results stating: “These results are consistent with what we’ve seen in drill core and surface samples and are typical of High Sulphidation systems. We’d previously collected hundreds of chip samples over the large 15 square kilometre mineralized area on the property with many of these samples assaying from a couple of grams gold per tonne to as much as 75 grams gold per tonne combined with lower grade mineralized intervals. What’s impressive with these channel samples is we’re seeing attractive potentially economic grades in material over continual widths of 23 to 50 feet with extensions to these mineralized intervals limited only by available outcrop. Being on surface and given gold on the property occurs as free gold and amenable to heap leaching these grades are comparable to numerous economically robust open pit heap leach mines in operation in Mexico.”