Month: December 2017

“This new discovery area now named La Pista was an unexpected and exciting result of the recent work the Company’s exploration team undertook at the La Fortuna project,” said Miguel Cardona, Vice President of Exploration for Minera Alamos. “The La Pista zone is located in an area of quartz monzanite breccias with the strong presence of tourmaline and quartz stockwork veining reminiscent of the structures that contain the existing La Fortuna Main Zone resource. The discovery of a new and potentially significant additional area of gold and silver mineralization in addition to the known areas of historic mining confirms our belief that the La Fortuna project area was the focus of intense regional hydrothermal activity. All of the areas targeted for Phase 1 drilling at the start of 2018 show significant potential to host new mineralized resources and none of them have been subjected to any modern exploration or drilling activity”.

UPGRADE OF DSA-03 HIGH-GRADE GOLD DRILL HOLE INTERCEPT. As part of its internal quality control procedures, Bureau Veritas Laboratories observed an error in the gold value of sample DH-17314 (hole DSA-03: 17.95m – 18.80m). This sample was reassayed, and BVL subsequently amended the gold result from 2.86g/t Au to 30.5g/t Au. This change increased the gold grade of the overall mineralised interval to 26.20m @ 9.50g/t Au (previously 8.60g/t Au), and the internal high-grade interval to 12.60m @ 16.80g/t Au (previously 14.90g/t Au). See core photos for individual sample grades of this high grade mineralised zone.

J. Duane Poliquin, Chairman of Almadex commented, “These are the first assays in many years from the Porvenir Zone in the central part of the El Cobre project. We believe that these results demonstrate the potential for a significant deposit in this area of the property and again clearly shows that we are dealing with a large cluster of porphyry systems all of which hold the potential to be important porphyry copper-gold deposits. As exploration progresses, it will be interesting to see how the Norte, Porvenir, Villa Rica, and Encinal zones relate at depth.”

Akiba Leisman, Executive Chairman and Interim CEO states that “the ability to process the near surface material intersected in hole 17COLDDH04 through the existing heap leach pad and ADR plant at La Trinidad bodes well for the potential extension of mine life. Additionally, areas of altered gold bearing zones deeper at Colinas continue to indicate the presence of a larger hydrothermal auriferous system that is only beginning to be tested.”

Greg Crowe, Silver One’s President and CEO commented, “We believe this survey will be extremely useful, as previous geophysical surveys successfully identified lithologies and mineralization associated with the historic Peñasco Quemado resource area, where nearly 10 million ounces (measured and indicated resource) of silver were identified through drilling between 2008 and 2009 (see Company news release dated September 27, 2016). The previous geophysical survey was conducted in specific areas of the property only and did not entirely test the targets outlined through recent soil surveys completed by Silver One. The present geophysical survey will cover a wider area to investigate the newly discovered large target found in the western part of the property, as well as the 3+ kilometre-long zinc and lead soil anomaly that occurs along-strike to the southeast of the historic resource area. Both targets have the potential to significantly increase the existing resource and to define new areas of mineralization.

Thompson Falls, Montana. United States Antimony Corporation reported that SEMARNAT (the equivalent of the U.S. EPA) has issued USAMSA (a wholly owned subsidiary of USAC) the permit for a cyanide leach plant for the Puerto Blanco mill in Guanajuato, Mexico.