Category: Exploration and Development

Minera Alamos Commences Construction of Santana Gold Mine, Sonora, Mexico; Other Updates

“We would like to recognize the collaboration of the local community and the Mexican authorities with our team which has allowed us to reach this significant milestone in a timely fashion. This year will be an exciting one as we build and commission our first gold mine and complete the transformation of the Minera Alamos into a new gold producer. “ Stated Darren Koningen, CEO of Minera Alamos.

Southern Silver Increases Value of Concentrates in Locked-Cycle Test Work

President, Lawrence Page Q.C. stated “The results of this most recent test work demonstrate a process to derive increased value from silver, lead and zinc, the prevalent metals identified in the CLM deposit. This is a significant milestone in that we have advanced a viable Cu-Pb-Zn processing flowsheet with no fatal flaws and increased the overall value of the resulting concentrates compared to the earlier batch test work.”

SilverCrest Provides 2019 Highlights and 2020 Outlook

The hard work in 2019 has positioned us for another exciting year in 2020. Our Exploration Team pushes forward on aggressively completing in-fill drilling for resource conversion to reserves; expanding on recent discoveries; and increasing our geological knowledge of the district for potential additional discoveries.

Aztec Minerals Reviews Highlights of 2019 and Provides Outlook for 2020

Joey Wilkins, President and CEO of Aztec, commented, “Aztec had a productive year in 2019, galvanized by our exploration successes at Cervantes and Tombstone. We were able to significantly advance several new high priority porphyry gold-copper targets on the Cervantes properties and we refined our “Taylor”-style carbonate replacement (CRD) silver-lead-zinc-copper-gold targets on the Tombstone properties. Our main goals for the new year are to secure the partners or financings we need to drill new discoveries in 2020.”

Radius Gold Reports Results from the Third Phase of Drilling at Amalia High-Grade Gold-Silver Discovery, and Acquires the Adjoining 800Ha. Palmillas Property

Radius Gold Inc. is pleased to report that the phase three diamond drill program at its Amalia Gold-Silver Project in Chihuahua, Mexico has been completed. The high-grade mineralized shoot discovered at Amalia in December 2018 has been extended at depth and remains open to expansion. Defining its extents and new high-grade shoots will be the goal of phase four drilling.

Torex Gold Announces Updated Media Luna Resource Estimate

Fred Stanford, President and CEO of Torex Gold, stated: “The purpose of the planned 175 hole infill drill program was to upgrade approximately 13 million tonnes (25%) of the Inferred resource to the Indicated resource category. The program was successful, 166 holes were drilled, 12.6 million tonnes were upgraded, and there was a modest increase in gold equivalent grade.”

Advance Gold Begins Third Phase Geophysical Survey at Tabasquena to Test Second Chargeability Anomaly and a Longer Cross Cutting Line for Deeper Penetration

Allan Barry Laboucan, President and CEO of Advance Gold Corp. commented: “Each time we do more work at Tabasquena, it gives us added confidence that we are looking at a very large sulphide system with associated widespread quartz veining throughout the entire system, including adularia, crustiform and colloform quartz, as well as some veinlets of quartz-adularia crystals. We are expecting a strong flow of news, with assays from the 78-metre sulphide zone expected shortly, a current hole being drilled, a second drill rig planned to arrive shortly, and a third phase geophysical survey underway.”

Starcore Stakes New Claims at the San Martin Property, Mexico

“We continue to meet important milestones at the San Martin mine and especially with the acquisition of these additional claims. The latter will bring exciting new exploration targets and test theories about the extending mineralization” said Salvador Garcia, Chief Operating Officer of the Company. “Our next milestone is to release an exploration plan in the first part of this year”.

Silver Viper Drills Multiple High-Grade Gold and Silver Intercepts in the New El Rubi Discovery Zone of the La Virginia Project

Silver Viper’s President and CEO Steve Cope states, “The initial Phase II results from El Rubi further reinforce our expectations of El Rubi’s importance to this project. In addition to multiple, narrow high-grade structures, we are also encountering new mineralization in the footwall. Our field crews are also working to advance our knowledge and understanding of structures highlighted by our reconnaissance surface sampling programs and plan to begin testing some of those targets shortly.”

Vizsla Begins Drilling at Panuco Silver District in Mexico and Outlines 2020 Exploration Plans

“Progressing to drilling is the next step of Vizsla’s rapid advancement of the Panuco district. The 2020 program builds on the early success in 2019, including sampling six prospects with multi-kilo silver intercepts in channel samples and raising over C$6,000,000 to fund the Company’s maiden drilling program.” President and CEO, Michael Konnert stated, “This program is intended to unlock the potential of the district that Vizsla has consolidated for the first time in its 450-year history.”

Drilling Restarts at Alacrán

Azure Minerals Limited is pleased to advise that Reverse Circulation drilling has recommenced at its 100%-owned Alacrán Project following the scheduled Christmas-New Year break. In the few days of drilling undertaken prior to Christmas, the Company completed two holes for 236.5m.

Discovery Drills 34.7 meters of 617 g/t Silver Equivalent, Including 3.7 meters of 2,524 g/t Silver Equivalent, at its Cordero Project

Taj Singh, President and CEO, states: “These first results from Cordero are very encouraging and support our thesis that within the very large resource area exists a shallow, higher-grade component. The presence of higher-grade gold in the most strongly mineralized areas is also positive. Cordero has many attractive features: open-pittable, good metallurgy and excellent surrounding infrastructure. We look forward to completing the exploration in 2020 required to re-scope and optimize this very exciting property.”

Gainey Capital Updates Las Margaritas Exploration Program

Gainey Capital Corp. has had successful meetings and communication with the local communities at Las Margaritas to better understand and address their concerns… Gainey expects these discussions to conclude shortly and is looking forward to resuming the exploration/drilling plan soon thereafter.

Sable Resumes Drilling at Vinata, Acquires Drilling Permits for its Projects in Argentina and Two Key Permits for Scorpius Project in Peru

“The presence of this large halo of argillic alteration with anomalous gold values intercepted in several of our drillholes strongly suggests that Vinata is a robust epithermal system that deserves further drilling to understand it properly and to search for the possible occurrence of the actual feeder of the system.” commented Ruben Padilla, Sable’s VP of Exploration

Advance Gold Begins Second Drill Hole Into Large 1000 X 500 Metres Chargeability Anomaly

Allan Barry Laboucan, President and CEO of Advance Gold Corp. commented: “One of the great things about exploration in the state of Zacatecas, Mexico is that due to the established infrastructure and seasoned contractors we can get a lot of work done at a low cost. Now that we are confident that the large IP geophysical chargeability anomaly is caused by a sulphide system, we feel it is time to bring in a second rig to expedite our exploration of the system.”

Prime Mining Provides Update and Plans for New Year

COO Greg Liller states, “Unlike many junior exploration companies, Prime aims to be a gold producer. Key to the plan to advance Los Reyes to near-term production, the surface sampling is providing a better estimation of the grades and tonnes of the first benches that can potentially be mined in the open pits. This estimation will provide confidence in the economic projections during the critical planning and mine startup phase.”