Author: Josue Gomez

Telson Mining Corporation Campo Morado Update

Several scheduled upgrades were recently made in the mill processing plant installations, including among others: i) changing of ball mill liners with newly designed liners that allow for the replacement of the past 5″ ball that were being used, with 3” balls, which increases the life of the liners; ii) conducting a review of the primary jaw crusher and initiation of adaptations for the installation of a secondary cone crusher, which will reduce the size of the ore feed to the mill from -7″ to -2″; and iii) revising the cyclones classification system to reduce the circulating load in grinding. These changes are all aimed at increasing the grinding capacity of the mill to facilitate reaching managements target of processing up to 3,000 tpd by the end of 2018.

Mexus Gold US to commence core drilling on Julio Shear Zone at Santa Elana Project in Sonora MX

Mexus Gold US is pleased to announce funding has been secured and drilling will start Q4 on the 300 Meter portion of the 2.2km long strike along the Julio Shear Zone. Typical past shear zone assays have shown an average of 4 gr per ton gold and 20 to 30 gr per ton silver with areas of higher grades in the underground workings on the 30 Meter level of the Julio quartz vein showing Bonanza grade gold.

Colibri Clarifies Previous Reporting and Retains Terrane Geoscience to Complete Structural Geology Interpretation at Pilar

Colibri Resource Corporation wishes to clarify certain information regarding exploration potential on its Pilar Project in Sonora State, Mexico. In news releases issued on January 4, February 7 and March 20, 2018 and in its corporate presentation located on its website, the Company stated that it has defined an in-house resource calculation on the Main Zone deposit of 700,000 tonnes grading 1.9 g/t Au. The estimation reported incorporated historical drill holes reported by a previous operator and for which the Company can not verify location and assay data consistent with the requirements for NI 43-101 compliance. The resource calculation is therefore not NI 43-101 compliant and should not be relied upon.

Avino Announces Pricing of US$4 Million Underwitten Public Offering

Avino Silver & Gold Mines Ltd. today announced that it has priced an underwritten public offering of an aggregate of 6,239,867 common shares of the Company, together with warrants to purchase up to 6,239,867 common shares of the Company, at a public offering price of US$0.65 per share and associated warrant to purchase one common share. Each warrant will have an exercise price of US$0.80 and will expire five years from the date of issuance.

Advance Gold Files for Approval of Private Placement Financing

Advance Gold Corp. is pleased to announce it has filed documents with the TSX Venture Exchange to close its private placement financing previously announced August 22, 2018. Subject to regulatory approval, the Company will issue 3,003,527 units at $0.085 per unit for gross proceeds of $255,300. Each Unit consists of 1 common share of the Company and 1 common share purchase warrant, with each warrant being exercisable at $0.10 for 24 months.

Kootenay Silver Reports Continued Exploration Success At Copalito Silver-Gold Project, Mexico

Kootenay President and CEO James McDonald states, “In this classic low sulfidation vein system it is very encouraging to see chip results returning 1,700 gpt, 1,030 gpt, 1,155 gpt silver with gold up to 1.2 gpt. These grades indicate potential for discovery of truly high-grade ore shoots. It is also positive that sampling is returning consistently anomalous silver and gold. The next stage of work will consist of continued mapping and detailed chip and panel sampling across the veins once the rainy season ends.”

Drill Turns at La Virginia Gold-Silver Project, Sonora, Mexico

Silver Viper’s President and CEO Steve Cope states, “The slow start to Phase I drilling has required patience. We are now extremely happy to be underway. The project has great potential and we look forward to advancing the exploration effort to include additional areas of interest in the claim areas.”

All News