Evrim Resources Corp. is pleased to announce it has signed a letter agreement with Harvest Gold Corp. to extend the Cerro Cascaron agreement for a period of six months. Under the terms of the Agreement, Evrim and Harvest Gold will attempt to renegotiate the terms of the Cerro Cascaron agreement and search for a new gold project in Mexico.
Tim Barry, President, CEO and director of Silver Bull states, ‘The results from the first two holes in the East End are very encouraging. We have extended the mineralization an additional 950 meters to the east along strike of the Sierra Mojada Deposit, and show mineralization is far from drilled off in the area. Our interpretation of the results is that the drill holes clip the very northern edge of the main trend of Sierra Mojada deposit, and the guts of the system still lies to the south, untested. What is also encouraging is we are seeing a change from oxide mineralization to sulphide mineralization as we go deeper into the system. The advantage of sulphide mineralization over oxide mineralization, and why it is the target of this drill program is that it tends to be higher grade and will likely have a more standard metallurgical process to concentrate the ore. Since finishing up the B19003 drill hole in this area the drill has now moved off to the Palomas Negras prospect which sits 9 kilometers to the west of the main deposit. Results from the drilling at Palomas Negras are expected shortly.’
David Coburn, Gainey CEO, stated ‘We are excited about the high gold grades obtained in our surface sampling program and the fact that Las Margaritas has never been drilled. Our exploration team has been optimizing our drill program to test the down-dip and strike continuity of the mineralization and we are now ready to move forward. Discussions with drilling contractors are underway and mobilization of equipment is expected to begin in the coming weeks.’
One World Lithium Inc. reports it has found multiple aquifers containing brines over a wide area as well as completing its current drilling program at its Salar del Diablo Property located in the State of Baja California Norte, Mexico.
Now that the Terronera mine project is fully permitted, Endeavour Silver plans to complete a final improved prefeasibility study in the 3rd quarter and arrange appropriate financing to build Endeavours next core asset. Following an estimated eighteen month construction period, the Terronera mine is expected to produce more than 5 million oz silver equivalents (at an 80:1 silver:gold ratio) over a minimum 12 year mine life, at an all-in sustaining cost per oz of silver produced in the lowest quartile of industry peers.
Telson Mining Corporation is pleased to once again report significant channel sample assay results from underground mine development at its Tahuehueto Project, a 1,000 tonne per day gold mine currently in construction development. Ongoing sampling during underground development continues to return results that verify the reserves and resources within the geological model and demonstrate the high quality of the gold mineralizing system at Tahuehueto.
Newmont Goldcorp Corporation is safely ramping up operations at the Peñasquito mine in Mexico following the lifting of an illegal blockade and the establishment of a dialogue process sponsored by the national government.
J. Duane Poliquin, Chairman of Azucar commented, ‘We continue to move forward with our systematic two year intensive drill program at the El Cobre project. The results to date again indicate the potential for large scale porphyry mineralisation in multiple porphyry centres over a 5 kilometre trend. Our ongoing exploration drill program is designed to find as yet undiscovered porphyry intrusive centres and to provide the geologic framework for discovery and extension of known mineralisation within a very large area of intense alteration. We look forward to reporting drill results as the program continues. In the meantime induced polarisation geophysical surveys, soil surveys, surface mapping and geologic interpretation of all data and drill core is underway to best use the results towards future discovery oriented drilling.’
‘In Mexico, at our Tabasquena project, we have completed 3 phases of drilling and have hit a large cluster of mineralized epithermal veins, with the boiling zone yet to be drilled. 3D modelling of the mineralized vein hits, gives us a better picture of the size of the cluster. We also included a shell of the historical mine workings in the near surface oxide zone. The picture of the system is becoming clearer with the 3D model of the veins hit so far. Now we need to focus deeper to find the boiling zone of the system,’ Allan Barry Laboucan, President and CEO of Advance Gold Corp.
Candente Gold Corp. is pleased to advise that Sun River Gold has reported very positive recoveries from metallurgical testing of samples from the tailings deposit and is moving the project forward by negotiating the purchase of land for the new processing area and also working on the application for change of use of land for the area where the tailings are currently located.
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