Category: Exploration and Development

Recent sampling by Kootenay at Malé continues to return anomalous gold mineralization from old pits and hand-dug small trenches found on surface. Thirty-three samples taken during the past month returned gold values ranging from 0.05 to 36.0 gpt with nineteen samples producing values of greater than 1.0 gpt gold. Highlights from the latest sampling program include gold assays of 36.0, 25.5, 24.7 17.0 and 12.10 gpt.

Southern Silver Exploration Corp. reported today assay results from initial drilling on its 12,000 metre 2018 core drilling program on the Cerro Las Minitas project, Durango State, Mexico which included a thick interval of strongly silver-enriched sulphide mineralization in drill hole 18CLM-110.

IMPACT Silver Corp. is pleased to announce the discovery of a new mineralized shoot on the Lipton vein in the Guadalupe mine. The new Lipton Norte Zone was discovered during an underground drill program which was designed to test the northern extension of the near vertical vein system. To date the new zone has been drilled over a length of 120m and vertical distance of 80m. The well mineralized shoot remains open in all directions.

“Our Hermosillo-based exploration team, headed by noted geologist Mel Herdrick, has finalized the planning of a drill program for the Cerro Caliche concessions, including El Colorado,” said Kenneth MacLeod, President and CEO of Sonoro. “A drill plan has been submitted to the Mexican federal environmental agency, Semarnat, for review and approval and a response is expected shortly.”

“We are excited to follow up on last year’s highly successful vein intersection by testing a number of similar high-level veins that we have mapped in, and on the margins of, down-dropped blocks outside of the historic mining corridor,” stated Darrell Rader, President and CEO of Minaurum. “We’ll focus on these new veins to determine the footprint of the overall Alamos District, which appears to be much larger than previously thought, and could well hold more veins of the width and grade mined historically. Our approach is to find and prioritize an inventory of veins before drilling them off.”

“Oso Negro is an exciting prospect missed by other exploration companies and is another example of the bountiful and often under-exploited mineral potential of northern Mexico. By continuing our proactive approach to identifying and acquiring under-valued exploration projects, the Company is expanding our diversified portfolio of high-quality, early-stage and advanced precious and base metal projects,” Mr. Tony Rovira, Managing Director.

CEO Brad Marwood said, “Since joining the Company, my focus has been on the transition of CZL from explorer to producer. The Board’s decision to commence mining, having secured toll treatment and concentrate off-take agreements is a low risk, fast return option that will see mining re-established for a low capital cost.”

Goldplay President and CEO Marcio Fonseca commented, “Consistent high-grade, near surface silver results returned from the sampling of historical holes at the San Marcial Project continue to encourage the Company. Goldplay’s drill core sampling program is advancing rapidly, and an updated resource estimation is scheduled for completion in the December quarter of 2018.”

Golden Minerals Company is pleased to announce it has sold, through its wholly owned Mexican subsidiary, its remaining interest in the Company’s Celaya exploration property to a Mexican subsidiary of The Electrum Group LLC.