Category: Exploration and Development

“Our 2019 exploration program in Mexico was highly successful at both of our mining operations,” stated Jeffrey Mason, Interim President & CEO. “This is already translating into growth in production and cash flow, with record silver equivalent production at the Topia Mine in 2019.”

Plata Latina Minerals Corporation is pleased to announce that through its wholly-owned subsidiary Plaminco S.A. de C.V., it has entered into an Agreement of Assignment of Mining Concessions with Minera Argentita Exploracion, S. de R.L. de C.V., a wholly-owned subsidiary of The Electrum Group, with respect to Plata Latina’s three exploration properties in Mexico, which include Vaquerias, Palo Alto and La Joya.

Mexus Gold US announced that additional material from the Julio vein has been crushed and placed on the heap leach pad. Leaching on the pad has been continuous since 1/16 with results of .26gpt to .45gpt of pregnant solution returning to the pond. Additional increased values from this new material should start returning to the pregnant pond by 1/28.

“The majority of our past drilling has focussed on the historical mine at Los Ricos. The high grade hole 88 opens up what we believe is a new ore shoot to the northwest which we will continue to focus additional drilling. This drilling can potentially yield additional high grade intercepts which could be a bulk minable target,” said Brad Langille, President and CEO.

Allan Barry Laboucan, President and CEO of Advance Gold Corp. commented: “With this first hole drilled into a large continuous chargeability anomaly (IP) we interpret this anomaly is caused by sulphides that carry precious and base metals. Each time we do additional geophysics and drilling we come to a better understanding of this widespread mineralizing structure with all the hallmarks of a long-lived system.”

Mexus President Paul Thompson added “With the Santa Elena operation expanding we feel that the fastest and most profitable way to return shareholder value is to find partners for our other properties. My goal is to have all 3 properties either producing or being drilled to a proven resource.”

COO Greg Liller notes, “I am very pleased with the positive results of our surface sampling program. Prime continues to fill in gaps in the existing data base, expand the known limits of the mineralization in the open pit deposits and, most importantly, add shareholder value to the Los Reyes Gold Mine project. In the near term we plan on increasing this program to test previously undrilled exploration targets and add further value.”