Category: Exploration and Development

Goldplay President and CEO Marcio Fonseca commented, “The San Marcial Project is one of Goldplay’s top prospects in the Rosario Mining District and we continue to be very encouraged by the upside potential for expansion of the deposit. The exploration results on the 3.5 km mineralized trend, in the vicinity of the historic resource, show high quality targets delineated by the soil and rock sampling program. The 250 years of historical silver and gold production in the region, with several multi-million ounce historic silver mines nearby, support the exploration potential for new discoveries on the under-explored San Marcial concession.”

Mexus Gold US today announced that the 1st phase of drilling is now complete at its Santa Elena mine. The company is awaiting assay results which will be plotted and produce a 3D Model used for interpretation. The final results are expected in February 2019. The company has received results for holes 6 thru 9 which aimed to intercept the Julio vein at depths between 60 to 100 meters. The Julio structure is consistent at depth with mineralized widths of 2 to 5 meters. All quartz vein intercepts had gold and silver noticeable with .1 to .3 g/t Au as the tracing values and 2 to 10 g/t Au as the high values. Hole 7 is the best evidence of high-grade gold at 9.89 g/t Au with an attractive width of 5.3 meters and an overall average of 3.12 g/t Au.

Silver Viper’s President and CEO Stephen Cope states, “It is exciting to make a brand-new discovery on a project. The grade, width and potential strike length of El Rubi make this a priority target moving forward. The discovery here validates the ongoing reconnaissance work being done by our team to identify new targets on the project. We look forward to continuing to unlock value in this project and hope this is the first of many new discoveries at La Virginia.”

San Marco CEO Christian Grijalva stated: “We are pleased that Phase I drill results have confirmed the existence of a copper mineralized system and provided useful third dimension data to assist in vectoring towards the source of mineralization, and potentially higher-grade copper zones. The Company’s goal is to identify a sizable mineralized “Manto-Type” system with the potential to meet the high thresholds of its partnership with Antofagasta. The first phase drill program was designed to broadly test the target for certain geological characteristics associated with the type of deposit sought. The Company and its partner will evaluate the latest data for ongoing exploration and vectoring guidance in planning a next phase of exploration.”

Mr. Jonathan George, of partner YQ Gold de Mexico S.A de C.V., commented “These results, together with those of previous geochemical and geophysical programs undertaken by Ridgestone and YQ Gold, provide compelling evidence of the potential for a significant new discovery in a relatively unexplored region of the Sonoran Sierra Madre mineralized belt.”

“Sonoro’s phase one drill program has successfully corroborated the sampling and drill results generated by the prior operators, thereby considerably enhancing our confidence in the significant potential of Cerro Caliche,” said Kenneth MacLeod, President and CEO of Sonoro. “We will continue to utilize the newly expanded database to increase the zones of gold mineralization within the current target area and to drill additional highly prospective mineralized zones identified through our ongoing exploration program.”

“La alianza va a crear el número uno mundial del mercado del oro, con los mejores activos, las mejores perspectivas, las mejores oportunidades de creación de valor”, se congratul+o Gary Goldberg, presidente de Newmont.