Month: April 2019

San Marco Resources Provides Corporate Update And Growth Strategy For 2019

Christian Grijalva, CEO of San Marco, stated, We are excited about the outlook for San Marco in the months ahead. The Company maintains a comfortable working capital balance and relatively tight share structure. This, combined with the Company’s current suite of property assets and extensive in-country intelligence to source possible new acquisitions under reasonable terms, provides the Company numerous avenues to bring growth and value for its shareholders. We look forward to providing additional details as our work progresses.

SilverCrest Announces Additional Positive Metallurgical Recoveries for Las Chispas

Pierre Beaudoin, COO, noted, These impressive metallurgical test results confirm our gold metal recoveries and improve upon our silver metal recoveries at Las Chispas utilizing composites covering most of the current resource. These new positive results show 94.0% to 96.5% for estimated AgEq recoveries, including 36.7% to 40.2% from gravity concentrate recoveries, suggesting meaningful upside potential on the overall assumptions for the project’s economics.

Oroco Resource Corp. Closes Non-Brokered Private Placement

Oroco Resource Corp. is pleased to announce that it has closed a non-brokered private placement financing through which the Company has raised proceeds of $800,000 by way of the sale of a total of 3,200,000 units at a price of $0.25 per unit. Each unit consists of one common share and one-half of one common share purchase warrant. Each whole common share purchase warrant will be exercisable into one additional common share for a period of 18 months from closing at a price of $0.40 per share.

Minaurum Awarded 2019 TSX Venture 50(tm) and Grants Options

The Venture 50™ is an annual ranking of Canada’s top 50 emerging publicly traded companies across five industry sectors: Mining, Oil & Gas, Clean Technology and Life Sciences, Diversified Industries, and Technology. The ranking is based on a ranking formula with equal weighting given to market capitalization growth, trading volume amount and share price appreciation. All data was as of December 31, 2018.

Aura Announces Closing of Sale of 80% Interest in its East Taviche Project

Robert Johansing, CEO of Aura stated, We are very pleased to have Minaurum advance the Taviche project. Minaurum is a regional explorer focused on the exploration and development of high-grade gold and silver projects in Mexico and is led by experienced exploration and management teams. This transaction assures that exploration will continue at the Taviche project allowing Aura to realize value for its investment in the project and to focus on new opportunities.

GoGold Drills 35.5m Averaging 5.04 g/t Gold Equivalent at the Recently Acquired Los Ricos

Our initial two holes confirm the results from historical RC drilling programs are reliable as well as providing high quality geological, assay and geochemical information on the mineralized halo surrounding the historical high grade ore shoots. The next phase of the core drilling will be focused on following the high grade ore shoot down dip below the historical RC drilling, stated Brad Langille, President and CEO.

Goldplay Discovers New Gold Zone At San Marcial In Low Sulphidation Epithermal System – Initial Channel Samples Up To 10 g/t Au

Goldplay President and CEO Marcio Fonseca commented, Over the past months Goldplay has actively explored the 1,250 ha of the San Marcial concession with soil, rock chip and channel sampling, identifying and testing targets that will add value to the San Marcial silver resource, by expanding or discovering new mineralized zones. High grade gold results with visible (panned) gold from epithermal quartz veins within artisanal tunnels in the Nava Zone provide encouragement for a gold mineralized low sulphidation epithermal system, just 1.5 km west of the high-grade hydrothermal breccia-hosted silver resource. The new Nava Zone gold discovery suggests that the San Marcial Project has potential to be a significant multi-commodity play, with proven occurrence of gold and silver mineralization together with series of old artisanal mine workings on the Faisanes – Nava Corridor. We are focused on additional sampling and trenching at Nava to define the extent and geometry of the gold mineralization, on surface, and identify targets to follow up with drilling.

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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.