Month: September 2018

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.”

Radius Gold commences drilling at Amalia Project, Mexico

Radius Gold Inc. is pleased to announce that two drill rigs have arrived at the Amalia property and drilling has commenced at Radius’s high-grade gold-silver Amalia Project located in Chihuahua, Mexico. The drill program is operated by Radius and funded by Pan American Silver, under a joint venture agreement. Radius plans to drill test several high-grade gold and silver epithermal targets at Amalia in the coming months.

First Plomosas Ore Shipped for Sale

Brad Marwood CEO was at site for the first delivery to Santa Eulalia concentrator and said: “We are very pleased that our Mexican team established mining operations on-time, under budget and in a safe manner.”

SilverCrest Expands Las Chispas Inferred Resource 4.3 Million Tonnes at 3.68 gpt Au and 347 gpt Ag, or 623 gpt AgEq for 87 Million Oz AgEq; Includes 1.6 Million Tonnes at 1,091 gpt AgEq for 56 Million Oz AgEq

N. Eric Fier, CPG, P.Eng and CEO, remarked, “The delivery of this updated resource estimate is another major milestone for SilverCrest as we continue to systematically expand high-grade mineralization in the Las Chispas district. In the spring of 2018, we started our Phase III drill program with a Q3 target of 75 to 85 million ounces silver equivalent at a grade of around 600 gpt AgEq. With the recent expansion and discovery of multiple high-grade veins and zones, this target has been exceeded with an updated Inferred Resource of 4.3 million tonnes grading 623 gpt AgEq for an estimated 86.7 million AgEq ounces. The most exciting aspects of this resource update are the high-grade resources identified in the Area 51 zone of the Babicanora Vein and the Babicanora Norte Vein.”

Southern Silver Substantially Increases Zinc Recoveries and Grades in New Metallurgical Test Results; Generates Separate Copper Concentrate

Southern Silver Exploration Corp. reported today that additional metallurgical test work on the Skarn Front deposit from the Cerro Las Minitas Project has resulted in both the successful separation of a potential “saleable grade” copper concentrate as well as the generation of a cleaner zinc concentrate grading above 50% zinc without sacrificing zinc, lead or silver recoveries.?

Endeavour Silver Reports Multiple High-Grade Infill Drill Intercepts and Files Prefeasibility Study Technical Report for the Terronera Mine Project, Jalisco, Mexico

Luis Castro, Vice President, Exploration for Endeavour Silver, commented, “These infill drill results helped us meet our goal this year to increase our measured and indicated resources. The high silver and gold grades, excellent continuity of mineralization and significant exploration upside to expand the resources reinforce our view that Terronera has the potential to become the next key asset for the Company.”

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.

Nuestras responsabilidad con los clientes es ofrecer productos de calidad y una atención personalizada para las necesidades de cada uno de ellos. Así mismo, nuestro compromiso con la sociedad en México es cumplir con las medidas de seguridad recomendadas por la Secretaría de la Defensa para el manejo de materiales peligrosos.