Year: 2019

Telson Mining Corporation Reports Tahuehueto Underground Assays

Telson Mining Corporation is pleased to once again report significant channel sample assay results from underground mine development at it’s Tahuehueto Project, a 1,000 tonne per day gold mine currently in construction development. Ongoing sampling during underground development continues to return results that verify the reserves and resources within the geological model and demonstrate the high quality of the gold mineralizing system at Tahuehueto.

Sonoro Metals Proposes $750,000 Private Placement Financing

Sonoro Metals Corp. announces that the Company proposes to undertake a non-brokered private placement of up to 4,167,000 units at a price of $0.18 per Unit, for gross proceeds of up to $750,060. Each Unit will consist of one common share and one-half of a common share purchase warrant. Each Warrant will entitle the holder thereof to purchase one common share of Sonoro at an exercise price of $0.27 during the one year following the closing of the Offering. The Company may pay a finder’s fee or commission on a portion of the Offering.

Discovery Announces Application To Extend Warrants

Discovery Metals Corp. announces it has applied to the TSX Venture Exchange to extend the term of an aggregate of 31,237,000 outstanding common share purchase warrants that were issued pursuant to a non-brokered private placement as described in the Company’s news releases dated July 17, 2017, July 19, 2017, and August 17, 2017.

Evrim appoints Dave Groves as Vice President of Exploration

Evrim Resources Corp. is pleased to announce the appointment of Dave Groves as Vice President of Exploration for the Company. “Dave will be a key contributor to our generative efforts as well as providing technical leadership and assisting with business development,” stated Paddy Nicol, President and CEO of Evrim.

Excellon Appoints Anna Ladd-Kruger as Chief Financial Officer and VP Corporate Development

Excellon Resources Inc. is pleased to announce the appointment of Ms. Anna Ladd-Kruger as Chief Financial Officer and Vice President Corporate Development effective June 26, 2019. Ms. Ladd-Kruger is an accomplished finance executive with 20 years of global experience in building and managing accounting systems, improving financial reporting and internal controls and strategic planning.

MAG Reports AGSM Results

MAG Silver Corp. reports that at its annual general and special meeting held on June 13, 2019, MAG’s Shareholders approved by majority: to reduce the size of the board to seven; to elect all seven directors standing for re-election; to re-appoint Deloitte LLP as the Company’s auditor; to approve the continuation of the Shareholder Rights Plan; and the Company’s approach to executive compensation.

Azucar Intersects 57.75 m of 0.22 g/t Au and 0.40% Cu at the Suegro Zone, El Cobre Project, Mexico

J. Duane Poliquin, Chairman of Azucar commented, ‘We continue to move forward with our systematic two year intensive drill program at the El Cobre project. The results to date again indicate the potential for large scale porphyry mineralisation in multiple porphyry centres over a 5 kilometre trend. Our ongoing exploration drill program is designed to find as yet undiscovered porphyry intrusive centres and to provide the geologic framework for discovery and extension of known mineralisation within a very large area of intense alteration. We look forward to reporting drill results as the program continues. In the meantime induced polarisation geophysical surveys, soil surveys, surface mapping and geologic interpretation of all data and drill core is underway to best use the results towards future discovery oriented drilling.’

Advance Gold Completes 3D Model of Gold and Silver Mineralized Epithermal Vein System at Tabasquena Project, Mexico

‘In Mexico, at our Tabasquena project, we have completed 3 phases of drilling and have hit a large cluster of mineralized epithermal veins, with the boiling zone yet to be drilled. 3D modelling of the mineralized vein hits, gives us a better picture of the size of the cluster. We also included a shell of the historical mine workings in the near surface oxide zone. The picture of the system is becoming clearer with the 3D model of the veins hit so far. Now we need to focus deeper to find the boiling zone of the system,’ Allan Barry Laboucan, President and CEO of Advance Gold Corp.

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