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.
Taj Singh, President and CEO, states: “We continue to confirm and expand the strike extent of the high-grade vein systems at Cordero. Step out holes at Parcionera have doubled the drill-confirmed strike extent to at least 1 km with clear potential for further expansion to the northeast. A review of historic drill core also indicates that Parcionera has a depth extent of at least 470 m. Drilling at the Josefina vein trend intercepted high-grade veins, several of which were within broader zones of disseminated mineralization. This opens the possibility of expanding the higher-grade bulk-tonnage domain to the east, potentially incorporating sections of the Josefina vein trend. We look forward to the results of follow-up drilling targeting this potential expansion.”
Thomas Atkins, President and CEO of Mammoth commented on the receipt of this drill permit, stating: “Since the recent announcement two weeks ago wherein Mammoth received surface access approval from the second of two ejidos enabling surface access on the Tenoriba project, Mammoth is now in receipt of the drill permit to drill up to 139 locations at its Tenoriba gold-silver property. All permissions are now in hand to enable Mammoth drilling Tenoriba.”
Xtierra Inc. has completed the first two drill holes and 732 meters of a planned five drill holes totaling 1500 meters into previously identified areas of high-grade silver mineralization.
Mel Herdrick, Sonoro’s VP Exploration, commented, “The good gold grades and wide intervals returned from the latest drilling results continue to add to the Buena Suerte mineralized zone and show that it has now become a large area with significant resource potential. I look forward to this zone being added to the next resource study which is to be conducted in the coming months.”
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