Month: December 2017

Alio Gold Intersects 6.1 g/t Au Over 24.9 Metres at Ana Paula; Initiates Surface Drill Program to Target High-Grade Breccia

“The second set of results of the drill program have continued to confirm previous drilling providing confidence in the robustness of the block model,” said Greg McCunn, Chief Executive Officer. “The drill program was primarily designed to supply a variety of rock types and grade to allow the creation of composite samples intended for the metallurgical test program. The samples from the drill core are representative of the material within the proposed pre-feasibility pit and will undergo metallurgical testing with results to be incorporated into the DFS. The DFS is currently underway and on track to be completed in the second quarter of 2018.”

Avino Receives Conditional Approval to List Shares and Warrants on TSX

Avino Silver & Gold Mines Ltd. is pleased to announce it has received conditional approval from the Toronto Stock Exchange to graduate from the TSX Venture Exchange and list its common shares and its warrants on the TSX. Each whole Warrant is exercisable to purchase one additional Share at an exercise price of US$2.00, subject to adjustment, until November 28, 2019.

Continued Success From Regional Exploration and First Results From Juarez Underground

High grade zinc assaysfrom sampling has been confirmed from the first underground mapping and sampling at the nearby Juarez Mine;

Assay results returned grades up to 42.72% Zn+Pb and 26.92% Zn+Pb from mineralised exposures within the southern workings of the mine.

Additional results are pending from sampling in the northern end of the mine

Juarez has potential to increase the current resource estimate located near the mine infrastructure

Additional high grade assays up to 34.96 % and 28.55% Zn+Pb returned from regional exploration sampling at Alfonsitos and Mina Mexico respectively.

Primero Extends Revolving Credit Facility to December 15, 2017

Primero Mining Corp. today announced that the Company has agreed with its lenders to an extension of its revolving credit facility and guarantee provided by Wheaton Precious Metals Corp., previously maturing on December 1, 2017. The maturity of the RCF has been extended to December 15, 2017, providing the Company with the ability to continue negotiations surrounding its previously announced strategic review process and the possible divestiture of its San Dimas mine in Mexico. There can be no certainty that these discussions will result in a resolution acceptable to all stakeholders.

GFM Announces Retirement of Erik Jurgensen

Mr. Jurgensen was first elected to the Corporation’s board of directors in June of 2005, and served as its President and CEO from June 2010 to June 2016. Mr. Jurgensen has been a member of the Corporation’s audit committee since 2005.

Magellan Completes Purchase of SDA Mill, Mexico

Pierce Carson, CEO commented, “We are pleased to have concluded the purchase of the SDA Mill and wish to thank Rose for their efforts in effecting a smooth transition of assets and personnel. We are delighted to welcome Rose as a major shareholder of Magellan.”

Ethos Gold Corp. Announces Option to Acquire La Purisma Property

Ethos Gold Corp. is pleased to announce that it has, through its Mexican subsidiary Compañía Minera Roca Dorada, S.A. de C.V. entered into an option agreement for with Coztic Recursos Minerales, S. de R.L. de C.V. to earn a 100% right, title and interest in and to the mineral concessions comprising the “La Purisima” mineral property situated in the municipality of Buenaventura, Chihuahua, México, subject to the Property Owner being entitled to a 2.0% net smelter return royalty upon the Company earning 100% interest in the Property on the terms set out in the Option Agreement.

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