Day: January 18, 2018

Vangold Mining: Underground Drilling Starts at El Pinguico Mine

Cameron King, Vangold CEO states, “This historic Phase One drill program is the first step in quantifying our assets, providing real time grade and quantity of AuEq ounces attributed to the stockpile. The core samples will provide confirmation of El Pinguico’s high grade historical production and support the earlier geological work, where trenching sample assays exceed in some areas, grades in the range of 15 g/t gold and 1,400 g/t silver. Upon completion of Phase One drilling, the core assays will significantly contribute with the 43-101 resource calculation and value of the UG stockpile.”

Minaurum Drills 8.25 m of 1,760 g/t (57 opt) Silver at Alamos Silver Project

“We are excited by the grades and widths returned by Hole 7”, stated Stephen Maynard, VP Exploration of Minaurum. “As only the second hole ever drilled outside of the historic core of the district, it confirms our “piano-key” structural model and opens the door for drilling throughout the nearly untouched down-dropped blocks located on both sides of the up-thrown La Quintera-Promontorio block. With these results, we have now encountered significant mineralization in every target drilled in our initial drill program including; Minas Nuevas, Promontorio, Nueva Europa, Gap, and Europa-Guadalupe.”

SilverCrest Closes Private Placement for $749,988

SilverCrest Metals Inc. is pleased to report that the non-brokered private placement of $749,988 announced January 3, 2018 with Christopher Ritchie has completed. The private placement, which closed on January 17, 2018, is comprised of 451,800 units at a price of Cdn$1.66 per unit for gross proceeds of Cdn$749,988. Each unit consists of one common share and one-half of one common share purchase warrant, with each whole warrant being exercisable for one common share of SilverCrest at a price of Cdn$2.29 per share for a term of two years. No finder’s fee was paid in connection with this placement.

Sierra Metals Reports 2017 Production Results and Announces 2018 Production, Cost, and Capex Guidance

Igor Gonzales, President and CEO of Sierra Metals, commented: “The Company ended 2017 with sound production due to a very strong performance at Yauricocha, where we continue to reap the benefits of a successful operational improvements program resulting in higher tonnages, in addition to higher-grade material discovered through our successful brownfield exploration programs.”

IMPACT Silver intersects 3.26 meters of 627 g/t Silver and finds new extension to San Ramon Mine at Zacualpan, Mexico

Fred Davidson, CEO, stated, “With these drill results we continue to successfully extend the San Ramon mineralizing system which is larger at depth than near surface. These results along with some historic holes, extends the mineralization 250 meters south of existing mine workings and 200m vertically up-dip representing potential additional mining areas for the San Ramon Mine. We have two underground drill stations almost ready from which we will test the further extension of the zone to depth and to the south.”

Evrim samples 9.4 metres grading 7.4 g/t gold in first trenching results from 100%-owned Cuale gold project

Charles Funk, VP of New Opportunities and Exploration commented, “That every trench displayed gold mineralization at such an early stage of exploration at Cuale is very encouraging. The reconnaissance trenching was undertaken in a core triangular area at the hilltop measuring 300 metres by 300 metres where strongly developed silicification correlates with high grades up to 48.5 g/t gold. Evrim is currently planning a follow-up program that includes further trenching and geophysics.”

Oretest is a mining exploration drilling contractor based in Mazatlán, Sinaloa, México. The company is managed by Bart Forsyth, with 36 years of extensive drilling experience on most continents with major companies. The company takes great pride in providing high-quality services while making safety a priority. Maintenance, cleanliness, precision and proper drilling habits makes a good safety environment and produces results.

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