Category: Exploration and Development

Kootenay President and CEO James McDonald stated. This is one of two projects we acquired over the last year with the potential for the discovery of high-grade vein hosted deposits. Vein widths, strike extents and grades encountered to date along with lack of any previous drilling indicate excellent potential for resource discovery. We will continue to advance Copalito to the drill stage while at the same time preparing for the first drill program on the Columba silver project the second of the two new projects.

David Coburn, President and CEO commented, the approval by SEMARNAT is a significant step in advancing the exploration at the El Colomo Project and proving out the continuity of the gold mineralization from the Golden Zone in Nayarit to Las Margaritas in Durango, a distance of approximately 8 kilometres. The vein system at Las Margaritas has never been drill-tested and Gainey will be outlining a more detailed exploration/drilling strategy in the very near future.

Gernot Wober, VP Exploration states, Mapping and sampling of leakage mineralization typical of carbonate replacement deposits in surface outcrop continues to demonstrate strong potential for a robust CRD / skarn system at depth on our Minerva project. The high-grade tenor of the sample results in these anomalous areas is very encouraging. The surface results in conjunction with pending underground sampling results and the interpretation of a completed airborne geophysical survey will help finalize our phase 1 drill planning.

The more work we complete, the better I like it!, stated Karl Boltz, CEO. ProDeMin geologists have discovered new veins and expanded mineralized areas. Their fieldwork continues to advance the potential of the project. We anticipate an exciting Phase I drill program. The challenge continues to be prioritizing the targets from among a growing list of well-mineralized sites.

Premier Gold Mines Limited is pleased to announce that it has entered into an option acquisition agreement with Americas Silver Corporation to acquire an option to purchase a 100% interest in the San Felipe Property, located 55 kilometres from the Company’s Mercedes Mine in Sonora State, Mexico. Hochschild plc is the underlying owner of the San Felipe Property.

Discovery Metals Corp. is pleased to announce significant steps towards the re-designation of its Puerto Rico Project claims to allow for mining activities as a result of a meeting of the members of the Board of the Maderas del Carmen Reserve held on March 28, 2019. The MDC Board is comprised of 18 members representing stakeholders from all levels of government (federal, state, municipal), local ejidos, leading public companies from various industries currently operating in the area, as well as non-governmental organizations. Each of the Members is entitled to a vote concerning matters related to the Maderas del Carmen Reserve.

The EC120 Project is a significant addition to our precious metals growth pipeline, said Darren Blasutti, President & CEO of Americas Silver. Having a 2.5 million ounce per year silver project ready for immediate development fits into our strategy of preparing for the inevitable positive correction in the silver price. It provides a solid five-year production base as we continue to further explore the El Cajón and Zone 120 deposits and our other silver-rich exploration target areas in Cosalá later in 2019.

Following the success of our Phase One drill program at the Cerro Caliche gold project in Sonora, Mexico, we immediately proceeded with Phase Two, said Kenneth MacLeod, President and CEO of Sonoro. The proceeds of the financing will be applied toward the continuation of the Phase Two drill program, with assay results from the first fifteen holes due before the end of April.

We have placed a high priority on achieving production at El Dorado, said Pierce Carson, Magellan’s CEO. In addition to progress on permitting, we also have initiated work on mine design, project economics and formulation of a development schedule and budget. The drilled resource has an attractive grade approximating 7.0 grams gold per tonne and appears to be sufficient to support an underground mining operation for several years at a mining rate of 100 tons per day. At current metal prices, revenues are anticipated to be on the order of $7.0 million annually.