Year: 2018

Colibri Chief Operating Officer Ian McGavney said “There is limited downside risk for the shareholders in this proposed transaction. The deal structure allows Colibri to secure these properties for the next 5 years using little cash resources which allows monies to be used for exploration activities. We see the conversion price of the convertible debenture as very positive considering the current share price level.”

Goldplay President and CEO Marcio Fonseca commented, “Our systematic sampling of available core (not previously sampled) has confirmed much wider and continuous mineralization than previous geological modelling.”

“We’re excited to start working on the Evolución concession, which is the product of extensive preparation over the past year,” stated Ben Pullinger, SVP Geology. “Looking under cover for blind deposits is the evolution of exploration in Mexico, with Hecla’s San Sebastian deposit illustrating this potential just north of us. We will shortly commence a regional mapping and geochemical program to develop exploration zones and drill targets.”

Allan Barry Laboucan, President and CEO of Advance Gold Corp. commented: We have moved the Tabasquena project forward significantly in our first 7 holes finding a cluster of over 30 epithermal vein intersections. Not far from us if Fresnillo, Mexico, and right beside the city is a cluster of approximately 20 epithermal veins that were mined for over 500 years. We are in one of the most important silver and gold districts in the world and have founda cluster of epithermal veins in a small area.