Month: September 2018

“We are very pleased to have been able to identify this additional style of mineralization giving us a secondary lower-grade target close to surface as well as the high-grade Margarita structure.” commented Ruben Padilla Vice President of Exploration for Sable. “With the first stage of drilling now complete we will evaluate our results and formulate a plan for stage 2 drilling targeting further extensions of Margarita and the other adjacent parallel veins”

“The additional trenching at La Gloria significantly extends surface mineralization to the northwest by 120 metres and to the east,” commented Charles Funk, Evrim’s Vice President of New Opportunities and Exploration. “The soil survey has a distinctive high sulphidation signature centred on a large gold in soil anomaly that is approximately 2,300 metres by 800 metres. The results indicate a potential major system with significant upside for additional mineralized centres within the La Gloria prospect.”

Riverside’s President and CEO, John-Mark Staude, stated: “The Cecilia Project is one of Riverside’s top exploration prospects and we continue to be very encouraged by the exploration results and targeting work ongoing at site. The main central Cerro Magallanes area already hosts known high potential targets and with this regional soil and rock chip sampling program, the number of drill targets continues to expand. With several major mines and operators active in this general region of Mexico, it is our hope to build on the historical successes at Cecilia and make a new discovery.”

“As we continue to advance an aggressive multi-year exploration program at Mercedes, the Rey de Oro target confirms our belief that substantial potential exists to expand the mine life” stated Charlie Ronkos, Executive Vice-President of Premier. “This new mineralized zone is under development and we plan to begin mining (prior to year-end) where we are achieving substantial widths. Mined grades at Rey de Oro are expected to be well above our current mine site reserve grade.”

“Our goal with the first hole of phase 2 drilling is to get under the gold discovery hole and hit the Tabasqueña vein at approximately 1800 metres above sea level. At this level we expect to hit the vein well into the precious metals horizon,” Allan Barry Laboucan, President and CEO of Advance Gold Corp.

Rodrigo Barbosa, the Company’s President & CEO commented, “In addition to making considerable progress on the underground mine development and plant during the last few months, the Company has focused on developing and implementing a new management standards and procedures for Community, Safety and Employees to ensure a safe re-opening, high performance and a respectful management team’s culture going forward. Finally, Aranzazu offers interesting exploration upside that should be drilled and analyzed during 2019/20.”

First Majestic Silver Corp. and Evrim Resources Corp. are pleased to announce that the Ermitaño and Cumobabi project option agreements in Sonora, Mexico have now been exercised and that First Majestic has completed its 100% earn-in for both projects. In connection with the exercise, First Majestic has made a US$1.5 million cash payment to Evrim and has granted to Evrim, per the original 2014 option agreements, a 2% net smelter royalty in the case of the Ermitaño project and a 1.5% NSR in the case of the Cumobabi project.

Orex’s President, Gary Cope says, “We look forward to the start of a new exploration program on this promising silver-copper-zinc project in the prolific Silver Trend of Mexico.”

Jose Antonio Berlanga, Telson’s Chief Executive Officer, stated, “We are very saddened by this unfortunate and tragic event and send our condolences and sympathies to the family of the deceased; the thoughts and prayers of Telson’s Board of Directors and Management are with his family, friends and coworkers during this unfortunate time. We are and will continue providing as much support to the deceased’s family as possible.”