“The updated Feasibility Study for the Camino Rojo Oxide Project demonstrates an increase in recovered gold, mine life, and cash flows,” stated Jason Simpson, President and Chief Executive Officer of Orla. “An already excellent project has been improved due to the hard work of the entire Orla team and I thank them for their efforts.”
Allan Barry Laboucan, President and CEO of Advance Gold Corp. commented: “Hole AGT-23 is now underway, it has been designed to go underneath the hole where we hit high-grade gold and cut across from west to east the entire corridor of epithermal veins. Initially, it will cut across a key fault which we believe could be the conduit that is the source of the gold and silver mineralization in the corridor of veins.”
Capitan’s CEO, Alberto Orozco, stated: “The current drill program has continued to confirm our thesis that there is excellent potential to expand the size of the known resource at Capitan Hill. Results from the ongoing program continue to show wide intercepts of mineralization coincident with deep zones of oxidation, both down-dip of known gold zones, and also within areas of sparse, historic drilling along strike. We are excited to see that gold and silver mineralization continues to expand and remains open in all directions. This is indicative of how premature the maiden resource was for this project.”
Gary Thompson, President, CEO and Chairman of Gold79, stated,”We are pleased that the Taviche silver project has been placed in strong hands with Fortuna as operator. Significant exploration programs are contemplated; and, if successful, we could see our 20% interest purchased with funding from Fortuna. Gold79 continues to focus on its gold projects in the Southwestern USA.”
The Property scale survey has identified 3 large magnetic high features measuring 1,000 by 600 m, 800 by 600 m, and 600 by 600 m, respectively. Detailed processing of the data suggests that there are stronger magnetic features within the larger target areas which may represent areas of higher-grade mineralization.
Minaurum Gold Inc. is pleased to announce that Minaurum and its wholly-owned subsidiary Minera Minaurum Gold, S.A. de C.V. along with Fortuna Silver Mines Inc. and Fortuna’s wholly-owned subsidiary Compania Minera Cuzcatlan S.A. de C.V. have entered into an option agreement, pursuant to which CMC can earn up to an 80% interest in MGG’s Taviche silver project in Oaxaca, Mexico.
In conjunction with the Company’s 30 November news release, US Antimony Corp. announces that all assays have now been received for its Phase I 1100-meter reverse-circulation drill program at Los Juarez, Queretaro, Mexico. A total of 25 holes were drilled on concessions held by USAC.
Tocvan Ventures Corp. reports high grade gold and silver assay results at two new showings that significantly extend the known mineralization on the Pilar property.
Peter J. Hawley, CEO and President, remarks, “The results of the follow up sampling of the IP anomalies have provided favorable silver results over all on anomalies sampled, of which certain results were a pleasant confirmation of not only the location of the IP anomaly but also exhibiting silver grades on surface even though the anomaly is at depth. It is not common to sample almost one ounce of silver over a buried IP Anomaly.”
“Results from our first 20 diamond drill holes are demonstrating the El Favor deposit is hosted by a large scale zone of semi-parallel silver and gold bearing structures. The deposit is open along strike and at depth and may be amenable to bulk mining,” said Brad Langille, President and CEO.
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