Category: Exploration and Development

“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

Uno de los proyectos más destacables a la fecha es el de cría y engorda de corderos en la comunidad de El Cuajilote. Éste ha sido impulsado exitosamente por Compañía Minera Cuzcatlán desde el 2016. La empresa contribuye con insumos y asesoría técnica, mientras que los productores aportan la mano de obra. Adicionalmente, los proveedores de insumos son 100% locales, beneficiando también a empresas de la región.

Canasil President and CEO, Bahman Yamini, commented: “The high silver and gold grades, as well as copper, lead and zinc values, observed in surface outcrops from the Candy vein, and from associated mineral dumps, over a strike length of over 900 metres suggest the potential for a strong high grade epithermal vein with excellent targets for drill testing.”

Jonathan George of YQ Gold, Ridgestone’s exploration partner in Mexico, commented “These claims not only significantly bolster our land position at Rebeico but also provide a number of high-priority targets that warrant further investigation and exploration. The grades highlighted by the historical assays are highly encouraging and will be the focus of the upcoming exploration program this fall.”

Kootenay President and CEO James McDonald states, “We continue to be pleased with the drill results at Columba. Step-out drill hole 19-012 intercepted 699 gpt silver over 2.1 meters and 755 gpt silver over 1.75 meters at a depth deeper than any previously known mineralization. In addition, drilling continues to hit multiple high-grade silver intercepts above and below known historic silver veins and to demonstrate excellent lateral and vertical extent along the F vein.”