Month: March 2018

Vangold Mining Concludes Phase 1 Drilling at El Pinguico to Focus on Phase 2 Drilling In-Situ El Pinguico Vein

Kristopher J. Raffle, P.Geo. (BC), Principal and consultant of APEX Geoscience Ltd. (APEX) commented, “The Company is currently reviewing the recently received El Pinguico underground stockpile drilling assay results, and the effect that relatively inconsistent recoveries, and loss of fine material may have on sample grades; and ultimately our assessment of the representivity of sampled material in comparison to the in-situ stockpile. Once the comprehensive review has been completed, the Company will provide a full report.”

Sonoro Metals Expands Cerro Caliche Property in Mexico

“The addition of Rosario to our Cerro Caliche concessions mostly completes the acquisition program for the area of mineralization outlined and partially explored by Corex Gold during their drilling in 2008,” said Kenneth MacLeod, President and CEO of Sonoro. “Our technical team, headed by noted geologist Mel Herdrick, is now focusing on expanding the Corex resource and exploring the many other structural zones with gold mineralization demonstrated throughout much of the concession area.”

Oceanus Provides Update on El Tigre Project

“The discovery of the extension of the El Tigre formation to the southeast represents an exciting new chapter in Oceanus systematic efforts to identify new gold and silver mineralization at El Tigre” stated Glenn Jessome, Oceanus President and CEO. “Furthermore, the acquisition of the historical underground sampling results confirms the high tenure of the mineralization in the old workings and instills further confidence in the potential of the unmined Protectora, Caleigh and Fundadora areas where our drilling intersected similar bonanza grade mineralization. We are only starting to unlock the value that exists in this 35-kilometre land package which we believe is a district style project in a mining friendly jurisdiction.” continued Mr. Jessome.

Riverside Resources Significantly Expands Cecilia Project Area

Riverside’s President and CEO, John-Mark Staude, stated: “Riverside has worked hard to consolidate and expand the Cecilia land position, as we did not want to push ahead with drilling until the great property package was tied up. This is a very significant step for us and the Project. Cecilia is a large, high-quality project and now with this key acquisition we lock up at least four new target areas adding significant value to the Cecilia project.”

Almaden Announces Elaine Ellingham Appointed to Board of Directors

J. Duane Poliquin, Chairman of Almaden stated, “Ms. Ellingham brings a wealth of industry and governance experience and we are delighted that she has joined our Board. Her diverse background will be invaluable to Almaden as we advance the Ixtaca project through the engineering, permitting and financing stages to come”.

VVC Exploration Receives Approval for Drilling on 22 Additional sites on the Samalayuca Copper Property, Chihuahua State, MX

VVC Exploration Corporation today announces that it has received approval from SEMARNAT for 22 new drilling sites, in addition to 13 already approved, on its Samalayuca Property in northern Chihuahua State, Mexico. The results of the drilling will be used to define copper mineralized zones intersected in the first 2 drilling phases and test other artisanal pits on the property. The Phase 3 drilling program is planned to start in late April.

U.S. Antimony Reports Progress on the Gold/Silver Leach Circuit in Mexico

United States Antimony Corporation reported progress on the construction of the cyanide leach plant for the Los Juarez gold-silver-antimony deposit in Queretaro, Mexico. At the Puerto Blanco mill site in Guanajuato where the ore will be milled, all vegetation has been removed in the area of the tailings pond, and a dozer has begun to shape the pond area for a plastic membrane. The location of the leach plant has been prepared for the concrete floor. The carbon circuit which collects the gold and silver will be placed in the back of the 400 ton floatation mill.

Santacruz Silver Reports 2017 Annual Production Results and 2018 Update

Arturo Prestamo, Santacruz’s President and CEO stated “In 2017 Santacruz made several positive steps towards solidifying its operations base including the retirement of the senior JMET debt facility, the negotiation of the outright acquisition of the Veta Grande Project, the appointment of Carlos Silva as COO, and optioning 20% of the Company’s Zacatecas mineral portfolio to Carrizal Mining, S.A. de C.V.” Mr. Prestamo continued “Further, as a first step to address the Company’s current working capital needs Santacruz has entered into a services agreement with Carrizal Mining to provide to it certain mining related services that will generate approximately US$1.1 million of monthly cash flow to Santacruz.”

Radius Gold provides update on exploration activities planned for 2018

Radius continues to advance the Amalia project and is currently permitting drilling and bulldozer trenching, which is expected to be granted in the coming months. Sampling conducted in the last field campaign resulted in a new high-grade extension northward of Campamento zone with a continuous rock chip channel assaying 4.5 m at 10.3 g/t Au and 202 g/t Ag. This extends the total strike length of outcrop of the high level chalcedonic breccias and stockwork zone at Campamento to 500 m.

Maza Drilling is a Mexican company established in 2007 in Mazatlán, Sinaloa. Our Canadian founder, Mr. Guy de Launiere, has over 20 years of international experience managing diverse drilling operations. Maza Drilling strives to compete at the highest levels in terms of recovery, effectiveness, efficiency, and affordability at every project while keeping at the forefront of technology to meet our customer’s needs in this demanding market.

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Maza Drilling is a Mexican company established in 2007 in Mazatlán, Sinaloa. Our Canadian founder, Mr. Guy de Launiere, has over 20 years of international experience managing diverse drilling operations. Maza Drilling strives to compete at the highest levels in terms of recovery, effectiveness, efficiency, and affordability at every project while keeping at the forefront of technology to meet our customer’s needs in this demanding market.