Four New Gold Soil Anomalies at Cervantes Confirm Historic Prospects with Anomalous Assays from 0.10 gpt Gold up to 3.3 gpt Gold from Phase 2 Exploration Program.
Jim Culver, CEO of VVC, said, We are particularly excited by the results of the third phase of exploration especially the recognition of four mineralized trends of gold/silver mineralization and that there is no evidence of modern exploration, including drilling, in the area of the artisanal adits and pits that define the trends. The sampling, both of rocks and soils, in a very small portion of the Property, gives high grade gold/silver values at surface. The next step is evaluation of the entire Property to discover and define the mineralized zones and their geological and structural setting, to be followed by a trenching / drilling program.
Azure Minerals Limited is pleased to report that the Scoping Study / Preliminary Economic Assessment for its 100%-owned Oposura zinc-lead-silver project is progressing well and remains on track to be reported in the third quarter of 2018.
VVC Exploration Corporation today announced assay results from 6 additional diamond drill holes from the ongoing drilling program at its Samalayuca Copper Property in northern Chihuahua State, Mexico. A total of eleven DDHs have now been completed in the Gloria Extension Zone (GEZ).
“With an after-tax Internal Rate of Return in excess of 90%, today’s excellent PEA results confirm that the La Fortuna Project provides a robust base for the next phase of gold production in the Company’s growth pipeline,” commented Darren Koningen, Chief Executive Officer. “The simplified gold recovery process outlined in the study represents a conservative starting point that is well suited to the initial project resource which, to date, has been based exclusively on previously drilled mineralization.”
Goldplay President and CEO Marcio Fonseca commented, “Goldplay’s systematic sampling of 22 existing core drill holes (previously only partially sampled) is aimed at expanding resources and delineating mineralized zones to support a high-grade bulk mineable open pit target at the San Marcial Project. We also expect to complete a detailed 3D geological and silver mineralization model. The core reviewed to date reveals a structurally controlled mineralized system, with silver mineralization associated with significant concentrations of lead, zinc and gold, hosted by hydrothermal breccias and fault zones.”
Sable Resources Ltd is pleased to inform that the company has received all necessary permitting required to drill the Don Julio High-Sulphidation Gold Project located in San Juan Province, Argentina. Don Julio contains the first 5 targets of 15 identified in the 35,000ha San Juan Regional exploration program. Sable has engaged a civil engineering consultancy to assist with road and drill platform design and has conducted site visits with several drilling companies experienced in Andean projects. Road and drill platform construction is scheduled to begin following the end of the southern hemisphere winter in September 2018 with drilling to begin in October 2018. Drilling will target mineralisation at depth below the 2 by 2km Esperanza and 2km by 500m Heaven Hill gold anomalies. Don Julio will be the second project drilled by Sable this year after the recent Margarita discovery in Mexico.
Oroco Resource Corp. purchase from John C. Thornton, former Vice-President – Engineering of Mintec, Inc., historical technical information and data related to the Santo Tomas mineral deposit. Prepared by E.L. Bateman Engineering Company, Mountain States Research & Development International Inc., Mintec, Inc. and John Thornton, the data includes drill hole assays and associated interpreted sections, drilling, composite and digital models and reports dated from 1992 to 2011. Mr. Thornton and Mintec, Inc. have maintained custodial status of the data throughout that period and until present day.
Sampling Highlights Include 260 gpt Gold, 328 gpt Silver, 3% Lead and 2.6% Zinc. Prospecting by the Company on Malé has outlined numerous zones of anomalous gold mineralization. Of the 426 predominately grab samples taken by Kootenay from old pits and hand-dug small trenches, thirty samples analyzed gold values greater than 10 g/t, highlighted by individual samples returning 260.0 gpt, 85.5 gpt, 81.2 gpt and 53.4 gpt gold.
Silver Vipers President and CEO Steve Cope states, We are very excited to begin our first phase drilling program on the La Virginia Project. This asset has produced some fantastic results in the past and we look forward to continuing on that success. There is the potential here to both grow the existing mineralized zones, as well as the potential for new discoveries.
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