Category: Exploration and Development

GR Silver Mining Commences Drilling at the Plomosas Project in Mexico and Provides a Corporate Update

GR Silver Mining President and CEO, Marcio Fonseca, commented, “We are very pleased with the progress of our exploration program at both the Plomosas and San Marcial Projects. At Plomosas we have not only 6 areas already drilled where we are initiating surface drilling to expand mineralized zones along strike but also 11 very promising priority exploration targets with evidence of veining.”

Riverside Resources Options Cecilia Gold-Silver Project to Carlyle Commodities Corp. with Plans for Immediate Progression on Multiple Targets

Riverside’s President and CEO, John-Mark Staude, stated: “We are excited to be working together with Carlyle to progress the various exploration targets at the Cecilia Project and particularly our shared keenness for discovery of high-grade mineralization on the district scale property package that Riverside consolidated and worked up.”

Canasil Announces Start of Drill Program to Test Initial Silver-Gold Vein Target at the Nora Project in Durango State, Mexico

Canasil President and CEO, Bahman Yamini, commented: “We are pleased to report that drilling has started as planned on the Candy vein at the Nora project. We look forward to the results from this initial drill program, which will test the first of multiple targets at the project. The Nora project is exceptionally well located in a region hosting large silver-gold mines and deposits, and presents the opportunity for discovery of a high-grade silver-gold epithermal vein system.”

Avino Provides Mine Update

Avino Silver & Gold Mines Ltd. reports that members from the Mexican mining union have blocked the entrance to the Avino Mine near Durango, Mexico.

Silver Tiger Has Commenced Underground Channel Sampling on the High-Grade Silver Veins North of the Historic El Tigre Mine

Silver Tiger CEO, Glenn Jessome states, “El Tigre is a very exciting brownfields exploration story. The project area consists of a district size target with multiple historic surface and underground targets. The historic El Tigre Mine is reported to have produced 67.4 million ounces of silver and 353,000 ounces of gold during the period 1903 to 1938 with reported average production grades of 1,308 grams per tonne silver and 7.54 grams per tonne gold.”

Magna Gold Corp. Provides Operating Update

Arturo Bonillas, President and Chief Executive Officer of Magna, stated, “The residual leach operation at the San Francisco Mine continues to perform well and additional production from the processing of low-grade stockpile material is expected to further strengthen our balance sheet as we prepare to commence mining and processing fresh mineralized material next month.”

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