Year: 2018

GoGold Reports Record Parral Production of 417,191 Silver Equivalent Ounces

GoGold Resources Inc. (TSX: GGD) announces record production for the quarter ended March 31, 2018 of 265,629 ounces of silver and 1,908 ounces of gold for 417,191 silver equivalent ounces at the Parral project, a 6% increase from the prior quarter. The previous record quarter was 408,024 in the quarter ending June 2015. This past quarter has been the sixth consecutive quarter of production growth as the initiatives put in place in previous quarters continue to return positive results.

Argonaut Gold Provides Update at its La Colorada Mine

Argonaut Gold Inc. (TSX: AR) reports that its wholly-owned subsidiary that owns the La Colorada mine has had its permit for the use of explosives at the site temporarily suspended as a result of a pending legal action brought by four individuals against the Secretary of National Defense (“SEDENA”) and the Municipality of La Colorada. Activities at site continue unaffected due to the availability of blasted and stockpiled material adequate to allow for operations to continue normally. Stockpiles are sufficient that operations will continue normally through at least April 16, 2018, at which time there is a hearing scheduled where Argonaut hopes to resolve the issue.

Mammoth Intersects 45.4 Metres Grading 0.63 Grams per Tonne Gold Equivalent in Diamond Drilling at its Tenoriba Precious Metal Property, Mexico

Thomas Atkins, President and CEO of Mammoth commented on the drill results stating: “We’re very pleased with these two holes to have intersected gold mineralization in the Los Carneritos area almost one kilometer to the east of any prior drilling on the property and to have extended mineralization by at least 100 metres to the west of prior drilling in the Masuparia area.

New Exploration Targets Identified by Geophysics at Silver One’s Peñasco Quemado Property, Sonora State, Mexico

Greg Crowe, Silver One’s President and CEO commented, “This geophysical survey has been very successful in identifying potential for down-dip, westward extensions to the historic resource area that have never been drilled. It has also outlined new areas of low resistivity that are associated with strong to moderate zinc, lead and/or copper in soil geochemical signatures. The CSAMT further identified deep zones of low resistivity which suggest wide channelways for potential mineralizing solutions. The silver manganese oxide resource area, in combination with the zinc-lead-silver system as identified in the soils geochemistry, have geological similarities to the Hermosa-Taylor deposits being developed by Arizona Mining, located approximately 125 kilometres to the northeast of Peñasco Quemado.”

Positive Metallurgy Results From Oposura

Commenting on the testwork program, Azure’s Managing Director, Mr Tony Rovira said, “This second stage of metallurgical testwork has delivered excellent results, significantly improving on the initial testwork from last year and indicating that we will be able to produce high quality, high grade, clean concentrates with very high recoveries. These excellent results from so early in the study process makes me confident that further optimisation studies, which are currently in progress, will continue to provide additional improvements to these already good recoveries and grades.”

Oroco Announces Private Placement

Oroco Resource Corp. is pleased to announce that it intends to complete a non-brokered private placement at a price of $0.10 per unit to raise gross proceeds of up to $750,000. Each unit consists of one common share and one-half of one common share purchase warrant. Each whole share purchase warrant will be exercisable into one additional common share for a period of 18 months from closing at a price of $0.16 per share. The exercise period for the warrants may be accelerated to 30 days if, at any time after the first 4 months of the warrant exercise period, the volume-weighted trading average of the Company’s shares over a period of 20 consecutive trading days exceeds $0.35.

Colibri Provides Corporate Update

Colibri Resource Corporation (CBI: TSX-V) wishes to announce that it has filed its annual audited financial statements and accompanying management discussion and analysis for the period ending November 30, 2017.

Sierra Metals Reports First Quarter 2018 Production Results

Igor Gonzales, President and CEO of Sierra Metals, commented: “The Company has started 2018 with solid production results coming from all three mines in the first quarter. Thanks in part to record production at both the Yauricocha and Bolivar mines where we are reaping the benefits of our operational improvement programs. The Company has initiated preliminary scoping / PEA studies to analyze future operational production increases at all three mines and continues development at our Mines with an objective of progressing the recent resource increases at the Cusi Mine, as well as the reserve and resource increases at the Yauricocha Mine into the mine plans. Similar plans will also be put in place with the results from the upcoming Bolivar reserve and resource update.

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