Day: April 17, 2018

SilverCrest Delineates 10th High-Grade Vein at Las Chispas; Multiple High-Grades Intercepted

N. Eric Fier, CPG, P.Eng and CEO, remarked, “With the addition of the Luigi Vein, we continue to grow our portfolio of high-grade mineralized veins and are beginning to understand the “nature of multiples” when it comes to projecting high-grade previous drill-intercepts in adjacent veins on to new discoveries. This is the tenth high-grade vein we have delineated in the district, which is immediately adjacent to the Las Chispas Vein and accessible by underground workings. The Luigi Vein is named after Luigi Pedrazzini, son of Giovanni Pedrazzini the founder of Minas Pedrazzini Gold and Silver Mining Company which operated at the Property from the late 1800s to 1930. We plan to further drill test the Luigi Vein during H1 2018 and include the results in the proposed updated resources in Q3 2018.”

Argonaut Gold Provides Update or its La Colorada Mine

Argonaut Gold Inc. (TSX: AR) reports that the has court postponed the hearing pertaining to Argonaut’s explosive permit at its La Colorada mine (see press release dated April 12, 2018) to allow the Secretary of National Defense (“SEDENA”) to provide evidence requested by the court regarding the temporary suspension of the explosives permit at Argonaut’s La Colorada mine. It is expected that a ruling will be issued within 15 business days of the original hearing date (April 16, 2018), as required by law.

Advance Gold Adds Venaditas Project Adjacent to San Nicholas Mine in Ojocaliente, Mexico

Allan Barry Laboucan, President and CEO of Advance Gold Corp. commented: “This is our second project near Ojocaliente. Venaditas is approximately 11km to the west of our Tabasquena silver mine. It is also a ‘shadows of a headframe project’ as it is adjacent to Teck’s San Nicholas. Also, in the immediate area is Milagros and El Coronel mines, all of the mines in the area are hosted in the Tertiary andesites. What stands out to me about Venaditas, is twofold, there are two geological structures that come together at Venaditas, below this structural intersection is a large geophysical anomaly. This project is close to being drill ready and we should have updates shortly on drilling this high quality exploration project.”

Avino Announces Q1 2018 Production Results

The silver equivalent production in Q1, 2018 increased by 9% compared to Q1, 2017 due to an increase in the tonnage processed and higher gold grades at the Avino Mine, together with higher silver grades at the San Gonzalo Mine. The gold production in Q1, 2018 increased by 12% compared to Q1, 2017 whereas the silver and copper production decreased by 3% and 5% respectively.

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.

Layne, A Granite Company, provides sustainable solutions for water resources and mineral exploration. Originally established in 1882, Layne offers a rich history of delivering safe, professional, and reliable water and minerals solutions throughout North and South America. Granite acquired Layne and its subsidiaries in the fall of 2018, to further Granite’s strategy to grow through acquisition and diverse end market expansion.