Month: September 2018

Marchan mineros contra Napo y Ricardo Monreal

Al grito de “no somos uno, no somos cien, pinche napito cuéntanos bien”, cientos de mineros sindicalizados marcharon por las calles de Fresnillo en protesta de la reunión que sostuvieron en el Senado de la República los legisladores de la cámara alta, Ricardo Monreal Ávila y Napoleón Gómez Urrutia.

Southern Silver Provides Corporate Update

Southern Silver Exploration Corp. reported that the following directors were re-elected at its annual general meeting held on September 27, 2018: Lawrence Page, Q.C., D. Roger Scammell, Eugene Spiering, Nigel Bunting, Larry Buchanan, Peter Cheesbrough and Donald Head. In addition, the shareholders re-appointed Smythe LLP, Chartered Accountants, as auditor of Southern Silver and approved Southern Silver’s rolling incentive stock option plan pursuant to which a maximum of 10% of the issued shares will be reserved for issuance under the plan. The plan is subject to TSX Venture Exchange acceptance.

Azucar Hits 118.0 M of 0.70 g/t Au and 0.23% Cu at Norte Zone, Provides Drilling Update for El Cobre Project, Mexico

J. Duane Poliquin, Chairman of Azucar commented, “We are very excited to commence what we anticipate being a comprehensive two year intensive drill program at the El Cobre project. The results over the past two years have shown the potential for multiple porphyry centres over a five kilometre strike. We look forward to reporting drill results as we move forward.”

Ethos Gold Corp. – La Purisima Gold Project Update

Ethos has now completed a rock sampling stage and geologic mapping program in the historic La Purisima gold mine area concessions. Total samples across the poorly outcropping area are 591 rock chip samples of which Ethos work developed 348 rock samples. Most of these samples were taken within a rectangular area following northwest striking parallel veins along 1.7 km strike and over 500 meters corridor width. The samples collected generally range from 1.5 to 3 meters in length usually crossing vein and fracture trends. Ethos did not collect samples in this program from the historic mine site outcrops due to hundreds of prior quality samples taken in three qualified sample programs and more recent mining contamination in the mine site area.

Discovery Samples Multiple High-Grade Mantos And Chimneys Over 3 Levels At The Puerto Rico Mine, Puerto Rico Project

Taj Singh, P.Eng, President and CEO, states, “Puerto Rico is advancing quickly and systematically, with all three historic mines now completely mapped and sampled. These current results prove that robust, high-grade mineralization remains in all three historic mines. The distribution of mineralization in all of the historic mines, combined with the structural characteristics identified in our mapping and modeling work, demonstrate the continuity and significant potential of mineralization at the Project. We have gained invaluable insight into the overall system which will aid us in vectoring towards more mineralization and possibly the source.The results of the upcoming airborne mag and EM survey, scheduled for October, will provide the final inputs required for the placement of drill holes for the Project’s maiden drill program. The drill permitting process at Puerto Rico is almost complete and we estimate the receipt of permits within the next one to two months.”

Drilling at Cerro Cascaron to Commence next Week

Harvest Gold’s President and CEO Rick Mark states, “I am very pleased to let our shareholders know that drilling is planned to begin next week. It has been a long wait, but everything is finally in order and we are ready to go. And, with the new money in the treasury, we can move more aggressively on the Property this fall. Upon commencement of drilling, we will be providing both Harvest and Evrim shareholders and the commodities market in general, an in depth look at the property, our initial targets and our drilling strategy. Evrim’s audience is substantial and we look forward to updating them on Cerro Cascaron’s progress.

Evrim extends outcropping gold mineralization at Cuale and defines a new drill target over 1,000 metres northwest of La Gloria trenches

“The Phase 3 program has not only expanded both the surface extent and depth potential of the La Gloria prospect, but has defined new mineralized zones extending over 1,000 metres to the northwest”, commented Charles Funk, Evrim’s Vice President of New Opportunities and Exploration. “The breccia encountered at the North Dome contains abundant mineralized fragments indicating the potential for a gold rich mineralized body at depth.This presents a distinct drill target to be added to the upcoming drill program later in October.”

Telson Mining Corporation Announces $6.5 Million Financing to Enter final Stage of Construction at Tahuehueto

Sr. Jose Antonio Berlanga, Telson’s Chief Executive Officer stated: “This private placement is priced at a significant premium to the Company’s current market trading price and has been taken up by Management, Officers, Directors and insiders of the Company. It is reflective of the confidence we have in Telson’s assets and future growth potential, both in the short-term and long term, as well as displays our strong commitment to all our shareholders and investors. Despite the current weak metals market, Telson continues to increase production at Campo Morado, and at the same time steadily advances the construction of our Tahuehueto Mine with underground development, site preparation/construction as well as infrastructure development.

Riverside Resources Announces Listing on The OTCQB Venture Market Exchange

Riverside’s President and CEO, John-Mark Staude, stated: “We are pleased to be listed on the OTCQB, as this provides an opportunity to attract a broader base of investors. Trading on the OTCQB will expand the company’s presence to new and existing shareholders in the U.S. with a transparent trading platform. Admission to the OTCQB exchange is part of our long-term strategy to introduce the company to a wide range of institutional and retail investors in the U.S.”

Sable Signs Binding LOI on Scorpius High-Sulphidation Gold Project, Peru

“The Scorpuis deal is directly inline with our ongoing Upper Level Epithermal Strategy successfully implemented in Mexico and Argentina,” commented Terry Harbort, Vice President of Corporate Development for Sable. “We see Peru as one of Latin Americas most stable and prospective mining jurisdictions. Coupled with our extensive operational experience and geological knowledge in the country and the field indications evident at Scorpius, we are pleased to have the right to acquire this high quality gold project. We will be implementing an aggressive exploration campaign to quickly define and test drill targets”

IMPACT Silver Samples 32.8g/t Gold over 1.0 meter at Santa Teresa Gold-Copper Area El Canelo averages 6.5 g/t Gold over 1.66 meters along 50 meter Strike Length

IMPACT Silver Corp. is pleased to provide an exploration update on continuing rock sampling in the Santa Teresa Area of the Royal Mines of Zacualpan District in central Mexico. Recent results from the El Canelo vein systems at Santa Teresa averaged 6.5g/t gold over a true width of 1.66 meters along a strike length of 50 meters. The system remains open for expansion and parallel vein systems in the area are being mapped and sampled at this time.

Consolidated Zinc Ltd. – Invitation to Participate in Share Purchase Plan

Following Consolidated Zinc Limited’s recent announcement of its transition to a zinc producer, the Company is now pleased to offer eligible shareholders an opportunity to share in the ongoing progress of your Company by subscribing for up to $15,000 in new CZL shares, with no brokerage costs, through a Share Purchase Plan.

Harvest Gold Receives $980,000 from Warrant Exercises

Harvest Gold’s President and CEO, Rick Mark, states “I would like to thank our shareholders and our Vancouver based brokers for their belief in the Cerro Cascaron opportunity. In a still challenging market for junior gold explorers, they have provided us with additional funds that will allow us the flexibility to add meters to our drill program as results dictate. It also allows us to expand our exploration focus and delineate more prospective target areas and better understand the full potential of this district sized, high grade gold and silver property. I expect, with our Joint Venture partner Evrim Resources, we will be announcing details of the upcoming drill program shortly.”

Defiance Increases Loan Financing

Defiance Silver Corp. announces that, further to its news releases of June 19, 2018 and September 17, 2018, it has increased its third party loan facility from $700,000 to up to $1,120,810. The additional proceeds provide Defiance with the funding necessary to complete its proposed merger with ValOro Resources Inc. and to continue its exploration of the San Acacio Silver project in Zacatecas, Mexico.

Telson Mining Corporation Campo Morado Update

Several scheduled upgrades were recently made in the mill processing plant installations, including among others: i) changing of ball mill liners with newly designed liners that allow for the replacement of the past 5″ ball that were being used, with 3” balls, which increases the life of the liners; ii) conducting a review of the primary jaw crusher and initiation of adaptations for the installation of a secondary cone crusher, which will reduce the size of the ore feed to the mill from -7″ to -2″; and iii) revising the cyclones classification system to reduce the circulating load in grinding. These changes are all aimed at increasing the grinding capacity of the mill to facilitate reaching managements target of processing up to 3,000 tpd by the end of 2018.

Mexus Gold US to commence core drilling on Julio Shear Zone at Santa Elana Project in Sonora MX

Mexus Gold US is pleased to announce funding has been secured and drilling will start Q4 on the 300 Meter portion of the 2.2km long strike along the Julio Shear Zone. Typical past shear zone assays have shown an average of 4 gr per ton gold and 20 to 30 gr per ton silver with areas of higher grades in the underground workings on the 30 Meter level of the Julio quartz vein showing Bonanza grade gold.

Colibri Clarifies Previous Reporting and Retains Terrane Geoscience to Complete Structural Geology Interpretation at Pilar

Colibri Resource Corporation wishes to clarify certain information regarding exploration potential on its Pilar Project in Sonora State, Mexico. In news releases issued on January 4, February 7 and March 20, 2018 and in its corporate presentation located on its website, the Company stated that it has defined an in-house resource calculation on the Main Zone deposit of 700,000 tonnes grading 1.9 g/t Au. The estimation reported incorporated historical drill holes reported by a previous operator and for which the Company can not verify location and assay data consistent with the requirements for NI 43-101 compliance. The resource calculation is therefore not NI 43-101 compliant and should not be relied upon.

Avino Announces Pricing of US$4 Million Underwitten Public Offering

Avino Silver & Gold Mines Ltd. today announced that it has priced an underwritten public offering of an aggregate of 6,239,867 common shares of the Company, together with warrants to purchase up to 6,239,867 common shares of the Company, at a public offering price of US$0.65 per share and associated warrant to purchase one common share. Each warrant will have an exercise price of US$0.80 and will expire five years from the date of issuance.

Advance Gold Files for Approval of Private Placement Financing

Advance Gold Corp. is pleased to announce it has filed documents with the TSX Venture Exchange to close its private placement financing previously announced August 22, 2018. Subject to regulatory approval, the Company will issue 3,003,527 units at $0.085 per unit for gross proceeds of $255,300. Each Unit consists of 1 common share of the Company and 1 common share purchase warrant, with each warrant being exercisable at $0.10 for 24 months.

Kootenay Silver Reports Continued Exploration Success At Copalito Silver-Gold Project, Mexico

Kootenay President and CEO James McDonald states, “In this classic low sulfidation vein system it is very encouraging to see chip results returning 1,700 gpt, 1,030 gpt, 1,155 gpt silver with gold up to 1.2 gpt. These grades indicate potential for discovery of truly high-grade ore shoots. It is also positive that sampling is returning consistently anomalous silver and gold. The next stage of work will consist of continued mapping and detailed chip and panel sampling across the veins once the rainy season ends.”

Drill Turns at La Virginia Gold-Silver Project, Sonora, Mexico

Silver Viper’s President and CEO Steve Cope states, “The slow start to Phase I drilling has required patience. We are now extremely happy to be underway. The project has great potential and we look forward to advancing the exploration effort to include additional areas of interest in the claim areas.”

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