Author: Josue Gomez

Almadex Minerals Limited Announces Proposed Private Placement

Morgan J. Poliquin, President and CEO of Almadex noted, “This financing will enable Almadex to continue with its active drill program at the El Cobre project while the spinout transaction progresses, and will also situate Spinco with a healthy treasury post-completion of the corporate reorganization in order that Spinco management can pursue the next discovery for the group.”

Mexican Gold Intersects 10.19 g/t Gold Equivalent (4.51 g/t Au, 16.17 g/t Ag, 3.33% Cu) Over 38.0 Metres at Las Minas

Brian Robertson, President and CEO commented, “These high – grade drill results over long intervals demonstrate the continuity of the high- grade mineralization outlined by previous drilling. The results also highlight the potential for significantly increasing both the tonnage and grade of the maiden mineral resource estimate for the El Dorado / Juan Bran zone. The Eldorado Dike Contact zone has been outlined over 330 metres along strike with core widths up to 46.0 metres and remains open for expansion.

Mammoth Intersects 10 Metres Grading 2.93 Grams per Tonne gold and 7.2 Metres Grading 3.59% Copper in Diamond Drilling at its Tenoriba Precious Metal Property, Mexico

Thomas Atkins, President and CEO of Mammoth commented on drill results stating: “We continue to be very pleased with the results from this drill program. I can’t stress enough the steep learning curve we’re climbing with each hole we drill and as we continue to intersect mineralization we continue to unravel the controls to the mineralization at Tenoriba. The objective of this drill program is to test for the first time the depth extension of various areas of surface mineralization along portions of a 6 kilometre trend identified by Mammoth and how these intersections fit into the large High Sulphidation system at Tenoriba. These results assist the company in identifying characteristics and continuity at depth of potentially economical surface mineralization along this 6 kilometre trend and position us for follow-up drilling to identify a mineral resource at Tenoriba.”

Golden Minerals Announces New Resource Estimate at El Quevar’s Yaxtche Deposit

Golden’s President and Chief Executive Officer, Warren M. Rehn, notes, “We are pleased with the results of this independently?prepared estimate, as it presents a potentially viable mining opportunity for us in El Quevar’s Yaxtché deposit. Potential to increase the size of the Yaxtché deposit remains, as the deposit is open to the west. Additional high?grade silver targets identified by drilling exist in several areas near Yaxtché. We plan to expand on this new resource to enhance the potential viability of a possible operation….”

Almaden Exploration Drilling Hits 10.00 Meters of 2.11 g/t Gold Including 2.00 m of 8.17 g/t Gold Approximately 1.2 KM Southwest of PFS Pit at the Ixtaca Project Mexico

J.D. Poliquin, chairman of Almaden stated, “We are very encouraged by these results which are beginning to define a new mineralised zone well outside of the PFS pit and resource area. These results demonstrate the potential for discovery on the project and for the Ixtaca mine plan to grow with continued exploration. Ongoing drilling will continue to seek more such zones even as the engineering work and Feasibility Study progress.”

Defiance Identifies Large Target at San Acacio

“We are pleased that our recent exploration program confirms our geological model that the Veta Grande vein continues to pinch and swell along strike. IP and drilling have delineated a coincident target with strong potential to host a virgin silver shoot,” stated Peter J. Hawley, President and CEO. “While it is still in its early days, this proves that the Veta Grande’s potential continues along its 4.4km of strike length yet to be tested. We are excited with the target and look forward to drilling it.”

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