Category: Exploration and Development

Goldplay President and CEO Marcio Fonseca commented, “Over recent months, our exploration activities to expand current NI 43-101 silver resources at San Marcial have succeeded in delineating new high-grade silver and gold targets. Additionally, we have recently discovered new, high-grade silver zones peripheral to the resource area. These silver and gold results support our theory of a high-grade mineralized system hosted in geological structures (faults) on the NW edge outside of the resource area. We expect to further explore these geological structures hosting high-grade mineralization, targeting the definition of additional resources at the Faisanes target.”

“We are encouraged with these new high grade assay results at San Juan. Hole 48 was drilled to test about 50m up dip from our San Juan discovery hole LRGG-19-030 and is quickly demonstrating the potential for near surface mineralization. We have now tested San Juan 200m down dip from surface and our drilling program will continue to focus on the extent of this newly discovered potential ore shoot down dip and along strike,” stated Brad Langille, President and CEO. “We’ve expanded our drilling program with the addition of a third drill rig.”

“Our Lupita Extension drilling is returning intercepts well in excess of average production grades,” commented Stephen McGibbon, Executive Vice-President. “Early results from the San Martin/Neo target area suggest that our 2020 campaign will confirm the potential for significant resource expansion as well”.

“The recent review of historical exploration carried out on these two projects located in a world class silver belt in Mexico combined with the recent field work reveals the projects have great potential to host economic silver bodies both underexplored to date. We will continue our studies on these projects as well as planning for the next stage of work while also looking for potential partners to support taking these projects to the next level they deserve.”

Magna Gold Corp. is pleased to announce that it has entered into a binding letter of intent dated September 30, 2019, with Ricardo Estanislao Carranza Leon, Maria del Rosario Mendivil Bejarano and Ernesto Villaescusa Cordova, individuals resident in the Sonora State of Mexico, for the assignment of the option of a 100% undivided interest of two mining claims located in the municipality of Trincheras, Sonora, Mexico, for a five-year period. The Project consists of two contiguous claims covering an aggregate area of approximately 2,806 hectares located approximately 240 kilometers north-west along the Federal Highway 16 from the state capital, Hermosillo.

Mexican Gold Corp. is pleased to announce it will embark on an aggressive exploration and drilling program for the remainder of 2019 to explore highly prospective targets at its Las Minas Project.

After Zacatecas governor Alejandro Tello went to Peñasquito mine to negotiate its opening, settlers of Mazapil pointed out that the alleged lifting of the blockade was staged, for CAVA carriers had no intention of liberating the mine.

Acude gobernador Javier Corral y celebra la alianza de capital japonés y estadounidense que ocupó a 1,800 personas en la construcción y dará empleo permanente