Category: Exploration and Development

Colibri Resource Corporation is pleased to announce that it has received assays from its geological mapping and sampling initiatives recently completed on the Evelyn and El Mesquite properties, Sonora, Mexico. Results include a value of 43.9 g/t Au from a quartz vein on the Evelyn property.

IMPACT Silver Corp. is pleased to announce the results of a diamond drilling program on the El Canelo gold silver vein in the Santa Teresa area of the Royal Mines of Zacualpan District, Mexico. Earlier reported trench sampling along the strike of the vein at 10m intervals returned an average gold grade of 6.5 g/t across a true width of 1.66m and a length of 50m. The initial six hole program tested the vein system along a strike length of 100m and to a depth of 100m at 50m intervals.

GoGold Resources Inc. is pleased to report, after a long period of due diligence and negotiations, the signing of an option agreement to acquire 29 concessions for a large-scale exploration project, named Los Ricos located in Jalisco state, Mexico. The Property is being optioned from private Mexican owners.

Antonio Berlanga stated, As Director of La Negra Mine, I was responsible for increasing the mines processing rate by up to 37% by reducing the mill ore feed from a traditional -3/8 Inches to -1/8 Inches. As one can see from our Campo Morado test results, feeding smaller material to the SAG Mill increased the milling capacity up to 15%, showing clearly that by feeding a smaller size to the SAG mill it is possible to increase its grinding capacity…

Mexus Gold US announced that developments at its Santa Elena mine, located in Caborca MX, continue in a positive and productive manner. The jaw/cone crushing screen plant has been moved into place. Gary Borgus, Mexus electrician, is working on the necessary connections and setting up the control station to assure proper functioning of the crushing line. Mr. Borgus expects the system to be operational by April 1st. The system will include a 400ft conveyor system to carry the 3/4 minus material to the recently readied heap leach pad. The system includes a newly installed automated lime pH system.

The Company advises that a local rancher with which CZL has a Land Use Agreement commenced legal proceedings against the Company’s Mexican subsidiary that owns the Plomosas Mine, Minera Latin American Zinc S.A.P.I. de C.V. and Retec Guaru SA de CV to terminate the Agreement. The rancher has claimed MLAZ failed to provide notification of assignment the Agreement transferring from Retec to MLAZ and for failure to pay the land use rental charges.

“We are very excited to have a second access at the Mirador and that mine development finally intercepted this wide, high-grade vein,” stated Mr. Jason Reid, President and CEO of Gold Resource . “To cut a face with ruby silver grading close to a kilo over six meters is exciting. Feeding that ore now to the mill is even better. A small portion of our Oaxaca Mining Unit’s 2019 silver production is targeted from the Mirador Mine; however, if these grades and vein widths remain for an extended period of time, the Mirador Mine could play a larger role in our 2019 production results.”