Category: Exploration and Development

GoGold Resources Inc. is pleased to release the assay results from five new diamond drill holes at the Los Ricos project located about 100 km northwest of the city of Guadalajara, Mexico.

Compañeros de Luis Guzmán no duraron en señalar que gracias a su rápida acción se evitó una tragedia mucho mayor.

Silver Spruce Resources Inc. is pleased to announce that it has received assays from due diligence samples taken from the Timmins Gold (now Alio Gold) reverse circulation drill program stored at the project and assays from new surface samples taken by the independent Qualified Person preparing the maiden NI 43-101 report on the Cocula project in Jalisco State, Mexico.

Goldplay President and CEO Marcio Fonseca commented, ‘The high-grade gold-silver intercept is highly significant as it supports the Company’s goal of expanding the San Marcial resource. It is the first time in approximately 10 years that any type of exploration work has been carried out on the project. One year ago, our data indicated high-grade silver, lead and zinc at San Marcial. Today, we have added high-grade gold. We are committed to continue systematic exploration and drill programs at San Marcial’

At the Pitarrilla project, we are reviewing drill programs and engineering studies to identify additional zones and continuity of high grade Mineral Resources with the potential to improve project economics based on current metal prices. We are evaluating contractors to extend the existing underground access and drill these areas. If approved, drilling is anticipated to commence in the second half of 2020.

Riverside’s President and CEO, John-Mark Staude, stated: “The Oakes Project is the first project Riverside’s generative team has staked in western Ontario and the Company plans to continue diversifying its portfolio with further Canadian gold prospects when high-quality acquisition opportunities present themselves. Adding Canadian assets to our portfolio expands our prospective partner network further, with access to flow-through financing and other exploration tax credit programs. We are pleased with the greater than 20 g/t gold assay results from our initial work at the Oakes Project and plan to follow up these positive results with more mapping, sampling and survey work in 2019. Our aim is to define compelling drill targets to attract quality partnerships and provide our shareholders with additional discovery opportunities.”

Kenneth MacLeod, President and CEO of Sonoro commented, ‘The establishment of a maiden estimate of mineral resources at Cerro Caliche provides a strong foundation from which potentially to expand the mineralization along strike and at depth from many of the mineralized zones documented in the Technical Report. We are pleased to confirm that many of the recommendations contained in the Technical Report are either being actively pursued, or will be implemented shortly, including; metallurgical testing, 3D modelling of the structure, and a 7,000 meter drilling program comprising diamond drilling and reverse-circulation drilling to increase the confidence of the known mineralization and to identify potential expansion of known mineralization.’