Category: Exploration and Development

Alamos Gold Entrega Centro Educativo a las Comunidades de Matarachi y Mulatos, Sonora

El pasado 10 de Octubre de 2018, la empresa Minas de Oro Nacional, filial de Alamos Gold, hizo entrega a la comunidad de Matarachi y Mulatos, ubicadas en el Municipio de Sahuaripa, Sonora, de un Centro Educativo que cuenta con aulas para kínder y primaria totalmente equipadas, casa para los maestros, oficinas educativas y canchas deportivas, con todos los servicios de agua potable y electricidad, así como todos los materiales escolares necesarios para elevar la calidad de la educación de la niñez de estas poblaciones, vecinas a la operación minera de Mulatos. La inversión en este proyecto fue de $20 millones de pesos, financiada en su totalidad por Alamos Gold, con el fin de apoyar a una educación de calidad a los niños y niñas de esta región.

Magna Gold Corp. Announces Definitive Agreement for Proposed Qualifying Transaction

Magna Gold Corp. is pleased to announce that it has entered into an arm’s length option agreement dated September 25, 2018 with Beatriz Delia Yepiz Fong, an individual resident in the Sonora State of Mexico. The Agreement is subject to regulatory approval. The Proposed Transaction will constitute the Corporation’s qualifying transaction pursuant to Policy 2.4 — Capital Pool Companies of the TSX Venture Exchange.

Fortuna reports heavy seasonal rains caused an overflow in a contingency pond of the dry stack tailings facility at the San Jose Mine, Mexico

Fortuna Silver Mines Inc. reports that in the early morning of October 8th, abnormally high rainfall caused a contingency pond to overflow at the dry stack tailings facility at the San Jose mine located in Oaxaca, Mexico. The contingency pond collects water from a ditch system at the dry stack facility designed to capture and manage rain water. The Company wants to emphasize that no industrial process water was discharged in this incident and that the San Jose operation uses a cyanide-free process to produce concentrate.

Drilling Intersects Additional Near Surface Copper Mineralization – Samalayuca Property, Chihuahua State, MX

VVC’s Chairman, Dr. Terrence Martell pointed to the results from the GEEZ drilling as further confirmation of the potential of the Company’s Samalayuca Copper Property and added: “We have two more zones to drill in this campaign, the trapezoid-like area in the Suerte and Juliana zones and around the old Concha pit. So far the results of this campaign have validated our hypothesis regarding the significant potential of the Samalayuca Copper Project.”

Minera Alamos Drills 93.5 Metres of 0.65 g/t Gold From Surface at Santana Project

“In addition to near-term production potential, a criteria for all of the projects in the Company’s development portfolio is that the concession areas contain significant exploration upside. While we have been aggressively pursuing production permits our exploration team has been working in parallel to expand geological models and target high priority areas for resource expansion potential.” stated Darren Koningen, CEO of Minera Alamos. “These very encouraging drill results at the Santana project are the start of an ongoing exploration program designed to demonstrate the significant untapped value contained in our development assets”.

Capstone Mining Places Minto Mine on Temporary Care and Maintenance

“The decision to put Minto on care and maintenance while we seek alternatives is to preserve and maximize its value,” said Darren Pylot, President and Chief Executive Officer of Capstone. “The team will ensure Minto can be restarted efficiently and safely once the copper and equity markets improve. Minto has been an important part of Capstone’s history and we thank the team at Minto for their commitment and dedication.”

Advance Hits Epithermal Veins Deeper in Phase 2 Drilling Also Hits 5 New Blind Veins

Allan Barry Laboucan, President and CEO of Advance Gold Corp. commented: “The Tabasquena project is in a region renowned for world-class mines, primarily from epithermal veins. In our first 7 holes on the project, we have drilled the known Tabasquena vein, which had historical silver production in the oxide zone, drilling below the historical mining workings is where we found our high-grade gold discovery, Drilling in phase 1 and 2 have tested deeper at the Tabasquena vein, discovered 8 other epithermal veins, 5 of the new discoveries completely blind, no surface outcropping vein nor geophysical expression. Our exploration team is excited about the prospects of finding a cluster of epithermal veins, in such an important region for mining epithermal veins containing precious metals…”

Sonoro Launches 10,000 m Drill Program at Cerro Caliche

“We are pleased to report that the data from the current sampling program conducted by Sonoro’s technical teams substantiate the data from prior sampling programs,” said Kenneth MacLeod, President and CEO of Sonoro. “The combination of new and historic data has enabled Sonoro to develop a strong understanding of the geologic structure, leading to a more precise targeting of drill holes for the current program and the expansion of surface sampling in the 14 km² project area, where additional mineralized zones are being evaluated.”

Goldplay announces additional positive results from sampling of historical core at San Marcial

Goldplay President and CEO Marcio Fonseca commented, “The shallow depth of intersections, favorable topography, width and high-grade of results announced in this release continue to reinforce the high-grade open pit development potential at San Marcial. The results also outline opportunities for expansion of the deposit, not only considering the silver mineralization but also zinc and lead with definition of new mineralized zones along strike and down dip, which were not previously incorporated in the historical interpretation.”

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