The production increase was driven by a full quarter of production from the Santa Gertrudis high grade zone recently discovered and improvements at Parral. The Santa Gertrudis high grade material represented approximately 50% of the quarterly production. The Company continues processing the high grade material during the construction of the vat leach plant.
Millrock Resources Inc. announces it has entered a strategic alliance agreement with Centerra Gold Inc. Under the Alliance Millrock will execute generative exploration and evaluate prospective properties to develop gold exploration projects. Centerra will provide funding of at least US$250,000 this year.
Torex Gold Resources Inc. is pleased to announce the results of the first portion of its drilling program under the El Limon Sill. Highlighted intercepts from the El Limon Sill exploration program include 317.8 g/t Au over 3.4m in borehole SST-01, 230.7 g/t Au over 2.4m in borehole SST-19, 19.6 g/t Au over 9.6m in borehole ST-25, 22.6 g/t Au over 13.3m in borehole SST-27 and 83.3 g/t Au over 4.3m in borehole SST-34.
Riverside Resources Inc. is pleased to provide an overview of the Company’s goals and growth plans for the coming year. Riverside enters 2017 with approximately $3,500,000 CAD in cash and less than 37,500,000 shares outstanding. The Company will aim to build on the successes achieved during 2016.The list below outlines some of the key catalysts and corporate growth plans for 2017:
N. Eric Fier, President and CEO, stated: John brings a wealth of technical and corporate expertise from a 40-year career with emphasis on underground mine construction and operations in Mexico and South America. His success on technical, corporate and market matters will further enhance our current Board. As the Companys successful exploration progresses at the Las Chispas Project in Mexico, Mr. Wrights skill set in underground mining will be critical for project development.
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