Year: 2019

Galore Resources Inc. announced the completion of 1667.2 meters of core drilling at it’s 100% owned El Alamo claim. Results from the balance of the drill holes are still at the lab pending release. According to Galore’s geologists and as reported in Galore’s September news release, the drill results to date indicate a lower and much larger zone of mineralization associated with brecciated limestone, interpreted to represent a large structure dipping to the south. For this reason Galore has decided to cease drilling in order to map and sample this trend at the base of El Alamo hill and redesign the drill program. We look forward to resuming drilling very soon.

The Stock Day Podcast welcomed GoGold Resources, a Canadian-based silver and gold producer focused on operating, developing, exploring and acquiring high-quality projects in Mexico. President and CEO of the Company, Bradley Langille, joined Stock Day host Everett Jolly.

Millrock President & CEO commented: “Upon completion of the due diligence period, Millrock will be very pleased to enter the contemplated agreement. Under the agreement terms, Millrock will become a significant shareholder of N27 giving great leverage if ore bodies are discovered. The planned US$5,000,000 exploration program for 2020 will provide funds for a thorough test of the compelling drill target we have developed at the West Pogo Block of the project, which is immediately adjacent to the Pogo Gold Mine. N27 shares our view that the Goodpaster Gold District has the potential to become one of the world’s great gold mining camps. As well, over the next two years, at least US$2,000,000 will be devoted to advancing other intriguing prospects we have developed.”

Magellan Gold Corp has entered into a binding agreement, dated October 16, 2019, with Golden Minerals Company for the assignment of the option to earn a 100% interest in the Santa Maria Project in Chihuahua State, Mexico. The agreement provides for a 150-day period to complete due diligence and secure adequate funding and enter into a definitive agreement which will formalize the Transaction. Golden currently owns a 100% interest in the Santa Maria Mine, subject to US$200,000 in property payments.

Magna Gold Corp. is pleased to announce that further to its press release dated June 11, 2019, VRIFY Technology Inc. has completed the provision of technology services to the Company. In consideration of the Services, the Company will issue 99,502 common shares in the capital of the Company at a deemed issue price of $0.25125 per Share.

Gold Resource Corporation reports record preliminary gold production results for the third quarter ended September 30, 2019 of 11,165 ounces, reflecting the growing gold production impact from its Isabella Pearl mine, located in Mineral County, Nevada. In addition, the Company reports preliminary third quarter production of 477,297 ounces of silver and significant copper, lead and zinc.

Golden Minerals’ President and Chief Executive Officer, Warren Rehn, notes, “We feel this is a very positive transaction for Golden Minerals. It will let us monetize Santa Maria’s value while keeping our risk to a minimum. The ongoing cash stream that this transaction presents will be used to further some of Golden’s other exploration projects.”

Rob McEwen, Chairman and Chief Owner commented: “Exploration continued to shine this quarter with Stock and Grey Fox drill results returning multi-ounce gold intersections at relatively shallow depths. In Nevada, our Gold Bar Mine produced almost 5,000 ounces of gold in September. Drilling at Gold Bar South returned several new drill holes showing broad intervals of grades better than twice that of the current resource, which should enhance the project’s economics. Our focus is on exploration to grow our production and extend the life of our mines.”