Author: Josue Gomez

Minera Alamos Announces Positive Preliminary Economic Assessment for the La Fortuna Gold Project with After-Tax IRR of 93%

“With an after-tax Internal Rate of Return in excess of 90%, today’s excellent PEA results confirm that the La Fortuna Project provides a robust base for the next phase of gold production in the Company’s growth pipeline,” commented Darren Koningen, Chief Executive Officer. “The simplified gold recovery process outlined in the study represents a conservative starting point that is well suited to the initial project resource which, to date, has been based exclusively on previously drilled mineralization.”

Goldplay Announces Significant Silver Values of up to 1,285 gpt AgEq Over 1.5 Meter Intersection from Sampling Program on Historical Core, Supporting the High-Grade Nature of the San Marcial Project, and Upside Potential for Resource Expansion

Goldplay President and CEO Marcio Fonseca commented, “Goldplay’s systematic sampling of 22 existing core drill holes (previously only partially sampled) is aimed at expanding resources and delineating mineralized zones to support a high-grade bulk mineable open pit target at the San Marcial Project. We also expect to complete a detailed 3D geological and silver mineralization model. The core reviewed to date reveals a structurally controlled mineralized system, with silver mineralization associated with significant concentrations of lead, zinc and gold, hosted by hydrothermal breccias and fault zones.”

Sable Resources Receives Drill Permit for Don Julio

Sable Resources Ltd is pleased to inform that the company has received all necessary permitting required to drill the Don Julio High-Sulphidation Gold Project located in San Juan Province, Argentina. Don Julio contains the first 5 targets of 15 identified in the 35,000ha San Juan Regional exploration program. Sable has engaged a civil engineering consultancy to assist with road and drill platform design and has conducted site visits with several drilling companies experienced in Andean projects. Road and drill platform construction is scheduled to begin following the end of the southern hemisphere winter in September 2018 with drilling to begin in October 2018. Drilling will target mineralisation at depth below the 2 by 2km Esperanza and 2km by 500m Heaven Hill gold anomalies. Don Julio will be the second project drilled by Sable this year after the recent Margarita discovery in Mexico.

Oroco Acquires Santo Tomas Data

Oroco Resource Corp. purchase from John C. Thornton, former Vice-President – Engineering of Mintec, Inc., historical technical information and data related to the Santo Tomas mineral deposit. Prepared by E.L. Bateman Engineering Company, Mountain States Research & Development International Inc., Mintec, Inc. and John Thornton, the data includes drill hole assays and associated interpreted sections, drilling, composite and digital models and reports dated from 1992 to 2011. Mr. Thornton and Mintec, Inc. have maintained custodial status of the data throughout that period and until present day.

Kootenay Silver Reports Exploration Results At Malé Gold Project, Sonora State Mexico

Sampling Highlights Include 260 gpt Gold, 328 gpt Silver, 3% Lead and 2.6% Zinc. Prospecting by the Company on Malé has outlined numerous zones of anomalous gold mineralization. Of the 426 predominately grab samples taken by Kootenay from old pits and hand-dug small trenches, thirty samples analyzed gold values greater than 10 g/t, highlighted by individual samples returning 260.0 gpt, 85.5 gpt, 81.2 gpt and 53.4 gpt gold.

Leagold Reports Q2 2018 Results and Updates 2018 Guidance to Include Recently Acquired Brazilian Operations

Leagold CEO Neil Woodyer commented: “We are pleased to have completed the acquisition of Brio Gold, and we are now focused on using our experienced operations team to identify and implement short- and long-term optimizations at each of the mines. We are also reorienting each of the mines in Brazil into individual profit centres. Some of these changes will take time to deliver results.”

GoGold Reports Results for Quarter ending June 30, 2018

As a result of the sale of Santa Gertrudis in November 2017 the company’s working capital has improved by $50.9 million to $40.6 million during fiscal 2018. Shareholders equity has also improved by $39.4 million to $127.2 million during the year. The Company remains in strong financial condition with $11.9 million in cash, a royalty on Santa Gertrudis that management believes could be sold for $12-15 million, inventory stacked on the heap leach pad with recoverable metal worth approximately $40 million, and no debt. In addition to the strong balance sheet, Parral is generating earnings before interest, taxes, and depreciation and has a mine life of approximately 10 years.

Silver Viper Mobilizes Drill to La Virginia Gold-Silver Project, Sonora, Mexico

Silver Viper’s President and CEO Steve Cope states, “We are very excited to begin our first phase drilling program on the La Virginia Project. This asset has produced some fantastic results in the past and we look forward to continuing on that success. There is the potential here to both grow the existing mineralized zones, as well as the potential for new discoveries.”

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