Day: June 26, 2019

Minera Alamos Announces Definitive Agreements Executed For Assignment Of Guadalupe De Los Reyes Gold Project Option To ePower Metals

Minera Alamos Inc. is pleased to announced that it has entered into a definitive assignment and assumption agreement dated June 25th, 2019, with ePower Metals Inc., Vista Gold Corp., and the Mexican subsidiaries of each of ePower and the Company, pursuant to which the Company will assign the rights to an option to earn a 100% interest in the Guadalupe de los Reyes gold project in Sinaloa State, Mexico. Minera Alamos currently has the right to acquire a 100% interest in Guadalupe, pursuant to an option agreement entered into with Vista Gold. The Assignment Agreement replaces the previously announced binding letter of intent entered into between the Company and ePower effective April 22, 2019.

Aprueban cambio de domicilio fiscal para mineras

Por mayoría, diputados locales recomendaron a las 18 empresas mineras instaladas en la entidad que cambien sus domicilios fiscales a Zacatecas y destinen un porcentaje de sus cargos directivos a trabajadores y pobladores de la región donde operan.

Millrock To Sell Mexico Assets

Millrock President & CEO Gregory Beischer commented: ‘We are pleased to have sold these projects to Riverside. We are bringing greater focus back to Alaska, and Riverside should be able to make good use of the database we have transferred to them. Ultimately we feel confident that Riverside will be able to find funding partners for the projects. If exploration on those projects is successful, Millrock shareholders will benefit from the portfolio of retained royalty interests.’

Santacruz Silver Continues to Intersect High Grade Mineralization at Its Veta Grande Project in Zacatecas, Mexico

Carlos Silva, Chief Operating Officer of Santacruz, commented, ‘We are pleased with the progress of Phase 1 of the diamond drilling campaign. These drill results, in addition to those previously announced, confirm the continuation of the targeted mineralized veins along strike and at depth.’ Mr. Silva continued, ‘We have just started to realize the potential of this Zacatecas historical mining district where we control over 9,000 hectares covering a significant number of known veins and mineralized areas. Our plan is to build in Zacatecas a solid silver producing asset.’

Galore Resources Provides Update on Drilling at Its Dos Santos Project

Galore Resources Inc. is pleased to report that its 2,500- meter diamond core drilling program at Galore’s 100% owned El Alamo target and part of the larger Dos Santos project continues to progress well. Drill hole EA-001 was completed to a depth of 251m and EA-002 is underway. Senior geologists onsite are enthusiastic about what the drilling has encountered in the way of alteration and rock types. Logging of EA-001 has been completed and the core is currently being sawed and sampled for delivery to ALS Geochemistry laboratory in Zacatecas.

Prize Mining retains JDS Energy and Mining Ltd. for engineering and economic study of the Kena Gold Project

“Prize Mining has two highly prospective assets in great jurisdictions with the Kena Gold Project in British Columbia and the Manto Negro Copper Project in Mexico” said Michael McPhie, President and CEO of Prize. “We have an active exploration program underway in Mexico and, with the recent strength in the gold market and our exploration success over the past year, we are looking at opportunities to advance and create further value at Kena. With a 1.8 million ounce NI 43-101 indicated and inferred gold resource in a historical mining district of BC, our goal of this work is to better understand and evaluate the economic and development potential of this project.”

Alien Metals – Financial Results for the Year Ended 31 December 2018

The Company’s former Executive Chairman, Dennis Edmonds, set a strategy of reducing corporate overheads, value accretion of the Mexican asset portfolio and acquiring or entering into joint ventures for additional projects in Mexico or other jurisdictions with an established mining community, stable political background, and where we can be assured of strong operational control.

Riverside Acquires Sonoran Project Portfolio From Millrock Resources

Riverside’s President and CEO, John-Mark Staude, stated: ‘Riverside has followed some of these Projects for many years now. Acquiring these Projects in one cost-effective transaction is a very nice step for the Company to further expand on years of data compilation and previous work with additional exploration and joint-venture opportunities moving.’

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