Day: November 8, 2017

“The ongoing regional exploration in proximity to the existing underground mine continues to reveal promising results,” Managing Director Will Dix said. The Alfonsitos area, located north west of the current Plomosas mine, has the same geological setting to the mine itself and displays a similar style of mineralisation at surface. This providesfurther encouragement that there is potential for significant new discoveries and additional resource tonnes at Alfonsitos and within the existing tenement portfolio. Our immediate intention is to move straight to exploration drilling at Alfonsitos to determine the extent of the surface mineralisation at depth and continue assessment of other prospects identified within the region.”

Tawn Albinson, the President of Prospero Silver commented: “We were very pleased to encounter gold grades in some of the early shallow reconnaissance holes. The drill plan developed with Fortuna was designed to get a handle on structural controls on the highest priority targets before deeper drilling. We now see a strong correlation between the presence of black jasperoids after limestone and grade. A few more shallow holes will be required over the next two weeks to get a decent picture of the strike and dip of what we think are the controlling structures.”

The Calera project consists of four concessions covering 144 hectares within the Cucurpe Sonora mega-district. The Cucurpe mega-district includes Premier Gold Mines’ Mercedes gold mine, Goldgroup Mining’s Cerro Prieto gold mine, Agnico Eagle’s recently purchased Santa Gertrudis gold mine, and other nearby gold mineralized prospect areas. “Sonoro’s exploration team believes that the Cucurpe gold mega-district has the potential for additional gold discoveries,” said Kenneth MacLeod, President and CEO of Sonoro. “We are pleased to begin immediate exploration of Calera under the direction of our noted geologist Mel Herdrick, Sonoro’s head of exploration in Mexico, who has several gold discoveries to his credit.”

“We have achieved another productive quarter with solid operational and financial results, and are confident that the Company will achieve our internal projected production target for the year. Our mission is to achieve shareholder value by focusing on organic growth which includes our expansion plans at the Avino mine in Mexico, with the addition of Mill Circuit 4, now approximately 75% complete. Additionally, we have drills turning at Avino, and a planned surface and underground drill program at the Bralorne Mine in British Columbia. The support and dedication of our teams in Mexico and Canada are greatly appreciated and instrumental to the success of our operations.”