Day: January 19, 2018

Telson Announces Casualty at Tahuehueto 

Telson Resources Inc. regrets to announce the death of an employee of Tuneles y Servicios GMS, S.A de C.V., a company contracted to conduct underground mining operations at the Tahuehueto project in Durango, Mexico.

Leagold Provids 2018 Production and Cost Guidance for Los Filos Gold Mine

Leagold CEO Neil Woodyer stated: “The 2018 production guidance range includes growth of 12% to 25% over the 191,195 oz produced in 2017. Our 2018 outlook benefits from the operational improvements implemented since we acquired Los Filos in April 2017 and several optimizations planned for the year ahead. During Q2 2018, we will realize the benefits from the overland conveyor and agglomerator capital projects. In addition, the mine plan sequence is scheduling higher gold production during H2 2018. As a result of this production profile, we expect higher costs in H1 2018 and lower costs during H2 2018. Looking ahead and considering the highly successful exploration programs in 2017 that significantly increased both the size and grade of our mineral resources, we are now in a strong position to evaluate the benefits of building a carbon-in-leach processing plant at Los Filos.”

Clarification To: Galore Enters Agreement to Begin Mining Los Gemelos

Galore Resources Inc. At the request of the Investment Industry Regulatory Organization of Canada, the Company wishes to clarify certain disclosures in its’ January 17, 2018 News Release. With respect to the announcement that it has entered into a 5-year contract with URBYASA” to extract available gold at Galore’s 100% owned Duraznillo Ranch, which includes the Los Gemelos and Duende 7 claims.

Oceanus Reports Fall 2017 Exploration Program Drill Results

Oceanus Resources Corporation is pleased to report the 2017 fall exploration program drill results at its wholly owned El Tigre Gold-Silver Property located in northern Sonora, Mexico. The fall 2017 program comprised 600 meters of diamond drilling to define the strike and dip of the high-grade Caleigh vein and the low-grade alteration zone in the hanging wall.

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