Category: Exploration and Development

Allan Barry Laboucan, President and CEO of Advance Gold Corp. commented: “We are very excited to drill this large chargeability anomaly as these kinds of targets are not easily found, especially in regions well known for big mines. What makes it particularly stand out is that the high chargeability is consistent from east to west on each survey line, and from line to line over the entire grid. One always has to be aware of possible false positives, such as the possibility of disseminated magnetite causing the chargeability anomaly. However, in this case there has been no magnetite found in the area and an historical magnetic geophysical survey by the Geological Survey of Mexico showed no magnetic anomaly.”

“These results are very encouraging,” states Curtis Turner, CEO of Candelaria. “Our exploration programs continue to find high gold grades throughout the district. This recent in-fill drilling program is part of our near-term plans to develop Pinos Gold Project which aims to process up to 400 tonnes per day.”

“We have been working on acquiring this very strategic concession for over two years and exploration at Sara Alicia was suspended so as not to generate further interest in the area and to ensure the acquisition of Sara Alicia II was completed without interference or competition.”

N. Eric Fier, CPG, P.Eng, and CEO, remarked, “After prioritizing in-fill drilling for the better part of 2019, our team is excited to resume focusing on resource expansion with the announcement of drill hole LC19-118. We are particularly excited that this record hole was drilled in the Las Chispas Area which until now has been a secondary priority relative to the high-grade mineralization delineated in the Babicanora Area.”

Kootenay President and CEO James McDonald states, “These results continue to show excellent resource potential at Columba with all holes reporting good silver mineralization. We are now seeing silver in widespread stockwork/breccia zones which we believe may coalesce into high grade ‘feeder’ veins a little deeper than tested.”