Category: Exploration and Development

Riverside’s President and CEO, John-Mark Staude, stated: “The Oakes Project is the first project Riverside’s generative team has staked in western Ontario and the Company plans to continue diversifying its portfolio with further Canadian gold prospects when high-quality acquisition opportunities present themselves. Adding Canadian assets to our portfolio expands our prospective partner network further, with access to flow-through financing and other exploration tax credit programs. We are pleased with the greater than 20 g/t gold assay results from our initial work at the Oakes Project and plan to follow up these positive results with more mapping, sampling and survey work in 2019. Our aim is to define compelling drill targets to attract quality partnerships and provide our shareholders with additional discovery opportunities.”

Kenneth MacLeod, President and CEO of Sonoro commented, ‘The establishment of a maiden estimate of mineral resources at Cerro Caliche provides a strong foundation from which potentially to expand the mineralization along strike and at depth from many of the mineralized zones documented in the Technical Report. We are pleased to confirm that many of the recommendations contained in the Technical Report are either being actively pursued, or will be implemented shortly, including; metallurgical testing, 3D modelling of the structure, and a 7,000 meter drilling program comprising diamond drilling and reverse-circulation drilling to increase the confidence of the known mineralization and to identify potential expansion of known mineralization.’

‘We are very pleased to see the significant widths and grades encountered in the latest deep drill hole. The results from the initial short holes confirm that while the former underground operators focused on mining only the richest portion of the silver-rich Los Ricos vein, we are very encouraged to see that both the hanging wall and footwall portions of the vein are strongly mineralized this close to surface,’ stated Brad Langille, President and CEO.

Evrim Resources Corp. announces drill results from the 2019 maiden drilling program at the Sarape project in Sonora, Mexico. At the completion of the program, the Company’s exploration partner, a subsidiary of Coeur Mining, Inc. relinquished their option on the project.

Silver Spruce Resources Inc. is pleased to announce that it has signed a binding Letter of Agreement with Prospeccion y Desarrollo Minero del Norte, S.A. de C.V. to assume ProDeMin’s option agreement to acquire 100% of the Cocula project, an advanced gold project in the Ameca mining district of Jalisco State, Mexico. The project is located within a very active exploration and mining region with several nearby projects including Agnico Eagle’s El Barqueño exploration project and Endeavour Silver’s Terronera development project. The LOA awards a Right Of First Refusal with a six-month due diligence period to Silver Spruce.