Category: Exploration and Development

‘We continue to see high grade ore from our drilling program which is near surface. Our diamond drilling holes which are twinning historical RC holes continue to provide much higher grades than the historical results, with hole 9 showing gold equivalent grades 70% higher than the historical results. These results, coupled with the strong assay results that the historical 6,000 channel samples are showing as our exploration team works through the data, are showing a very promising project at Los Ricos.’ stated Brad Langille, President and CEO.

Mexus Gold US announced that on May 9th it paid off a note payable of $111,563 which was due on May 14th. In addition, the company announced that it is currently looking to hire two chemists and a geologist to assist Mexus associate Cesar Lemas at the Santa Elena mine. Mexus believes it has found a lead chemist and hopes to complete the hiring process this week. The additional staff is needed as the amount of assaying and general mine work is increasing weekly. Mexus expects the blast hole drilling occurring on the Julio vein to be completed by May 17th with the permitted blasting company to arrive shortly thereafter.

Radius Gold Inc. reports on progress of its ongoing diamond drill program at the Amalia Gold-Silver Project in Chihuahua, Mexico. The program is operated by Radius and funded by Pan American Silver under a joint venture agreement. Since Radius announced the completion of AMDD19-010 intersecting 44m grading 12.38 g/t Au and 309 g/t Ag with estimated true width of 34m, Radius has completed 3 further drill holes for which assays are pending.

Thomas A. Doyle, President, CEO, stated ‘New mapping and sampling by the Aloro geological team in the southeast portion of the property has identified new mineralised structures in addition to what was intercepted in LVRC-012. I look forward to getting the drill rig back on the property and follow up on the discoveries we have found in the south east portion of the project.’

Commenting on the updated Mineral Resource, Azure’s Managing Director, Mr Tony Rovira, said: ‘Azure is continuing to successfully advance the development and production strategy for Oposura. The latest drilling campaign has increased the East Zone resource tonnage and the amount of total contained zinc, lead and silver within the deposit, which will likely lead to an increase in the mine life of the project as part of the Feasibility Study currently in progress. Drilling also confirmed that significant quantities of high-grade mineralisation are immediately accessible for open pit and underground mining, supporting near-term mine development.’

Oroco Resource Corp. is pleased to announce that it has been advised by its Mexican legal counsel that the Mexican Federal Appeal Court has rendered an oral decision which materially affects the status of the Santo Tomas concessions. The decision will nullify a 2016 judgement which had resulted from an unwarranted claim to the Concessions by Aztec Copper Inc. and its Mexican subsidiary. The Company is waiting for written confirmation of the appeal court decision prior to the resumption of trading.

Goldplay President and CEO Marcio Fonseca commented, ‘The Nava Zone, located to the west of the San Marcial resource, is shaping up to be a potentially significant low sulphidation epithermal gold target. Geological mapping and geochemical data indicate evidence of gold mineralization at the upper portion of a large low sulphidation epithermal system, opening opportunities for upcoming drilling to delineate future areas for resource definition. In addition , the presence of high-grade individual results in wide mineralized zone and presence of visible gold as recently announced from channel sampling in historical tunnels at Nava, encourages the Company to continue exploration at Nava.’

‘The Company views the receipt of this data as very significant as it will provide a great deal of information that Colibri can use in continued development of Pilar. Colibri will be creating a new 3D model of the Main Zone and plans to complete infill and exploration expansion drilling as required,’ stated Colibri President & CEO Ron Goguen.