Avino Silver & Gold Mines Ltd. (ASM: TSX/NYSE American/GV6: FSE) is pleased to announce that Peter Bojtos has joined the Companys Board of Directors as an independent Director effective June 15, 2018; and in addition, we are also delighted to provide a corporate update to announce recent promotions.
Evrim’s President and CEO, Paddy Nicol, commented, “Sarape is located in an emerging epithermal gold belt hosting several mines and deposits, including Premier Gold’s Mercedes Mine, First Majestic Silver’s Santa Elena Mine, and SilverCrest’s Las Chispas deposit. Evrim’s Ermitaño project, under option to First Majestic Silver, is also in the belt where a maiden inferred resource of 40.8 million ounces silver equivalent* (562,000 ounces gold equivalent) was recently announced (see First Majestic Silver news release of March 29, 2018). We look forward to working with Coeur’s team on Sarape and will commence exploration in late June.”
We have all the necessary equipment and chemicals on site to begin leaching when tests are complete. The results of our first leach will give us a base line going forward as we work to improve recovery rates. This first test will produce gold and silver and will be the beginning of positive cash flow. added Mexus CEO Paul Thompson.
Silver One has also been advancing its Peñasco Quemado project in the state of Sonora, Mexico. The Company was the first to complete property wide geological mapping, soil geochemistry and geophysical surveys that yielded very promising results. Large zinc and lead soil anomalies (values to over 2,000 ppm) occur in two separate areas of the property. The results extended the known mineralized strike by over 2.6 kilometres from the historic resource area where near-surface silver mineralization of just under 10 million ounces of silver has been identified. Additionally, an anomalous area of zinc and lead in soils occurs over an area of 3 kilometres by 5 kilometres in the south-western portion of the property. Silver One plans to drill the Peñasco Quemado targets to test for the potential for a large zinc-lead-silver mineralized system at depth.
Las negociaciones continuarán durante la siguiente semana y, las partes muestran disposición en encontrar salidas viables
At the annual meeting, the shareholders elected the nine individuals nominated to be directors and ratified the appointment of Ernst & Young LLP as the Companys independent registered public accounting firm for the year ending December 31, 2018.
Colibri Resource Corporation wishes to announce that it has completed drilling of the final 900m of its 3,000m Phase 1 drilling program at its Pilar Gold Project in Sonora, Mexico. Samples from the final 7 drill holes and 2 drill hole extensions have been collected and delivered to ALS Chemex laboratories in Hermosillo, Mexico for assay preparation and subsequently the Atomic Absorption and Fire Assay analysis will be completed in Vancouver, Canada. Assay results will be released as they become available.
Net proceeds of the Offering, if any, together with the Companys current cash resources and free cash flow, will be used to advance its Terronera project and for general corporate purposes.
J. Duane Poliquin, Chairman of Azucar commented, We are very excited to commence what we anticipate being a comprehensive two year intensive drill program at the El Cobre project. The results over the past two years have shown the potential for multiple porphyry centres over a four kilometre strike. We look forward to reporting drill results as we move forward.
Dr. Peter Megaw, MAGs Chief Exploration Officer commented, With the Zacatecas Silver District consolidating, MAG was approached by a number of companies looking to acquire its holdings in the camp. MAG chose to partner with Defiance because of our long-held interest in the exploration potential of the Veta Grande Vein, the second most important vein in the billion-ounce Zacatecas silver district. A number of high-grade ore-shoots have been found along its length and the ability to expand exploration to a continuous 5.6 km stretch of this historically under-explored vein greatly enhances the potential for discovering more. This strategic interest in Defiance provides MAG with exposure to the upside of future discoveries as their exploration of this important vein advances.
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