Day: May 7, 2019

Commenting on the updated Mineral Resource, Azure’s Managing Director, Mr Tony Rovira, said: ‘Azure is continuing to successfully advance the development and production strategy for Oposura. The latest drilling campaign has increased the East Zone resource tonnage and the amount of total contained zinc, lead and silver within the deposit, which will likely lead to an increase in the mine life of the project as part of the Feasibility Study currently in progress. Drilling also confirmed that significant quantities of high-grade mineralisation are immediately accessible for open pit and underground mining, supporting near-term mine development.’

Oroco Resource Corp. is pleased to announce that it has been advised by its Mexican legal counsel that the Mexican Federal Appeal Court has rendered an oral decision which materially affects the status of the Santo Tomas concessions. The decision will nullify a 2016 judgement which had resulted from an unwarranted claim to the Concessions by Aztec Copper Inc. and its Mexican subsidiary. The Company is waiting for written confirmation of the appeal court decision prior to the resumption of trading.

Goldplay President and CEO Marcio Fonseca commented, ‘The Nava Zone, located to the west of the San Marcial resource, is shaping up to be a potentially significant low sulphidation epithermal gold target. Geological mapping and geochemical data indicate evidence of gold mineralization at the upper portion of a large low sulphidation epithermal system, opening opportunities for upcoming drilling to delineate future areas for resource definition. In addition , the presence of high-grade individual results in wide mineralized zone and presence of visible gold as recently announced from channel sampling in historical tunnels at Nava, encourages the Company to continue exploration at Nava.’

‘The Company views the receipt of this data as very significant as it will provide a great deal of information that Colibri can use in continued development of Pilar. Colibri will be creating a new 3D model of the Main Zone and plans to complete infill and exploration expansion drilling as required,’ stated Colibri President & CEO Ron Goguen.