Category: Exploration and Development

Millrock President & CEO Gregory Beischer commented: “Some strong results were obtained in this program from the Crossover and Cobre prospects with anomalous gold over significant core intervals. More drilling will be necessary to determine whether there is continuity between the discrete zones of mineralization intersected.”

San Marco´s CEO Chris Grijalva stated; “We are pleased to have Antofagasta as a partner and look forward to a successful, team approached exploration program on our copper/silver discovery at the Chunibas project. The Project consists of stratiform, volcanic hosted copper-silver mineralization, similar to several ore deposits in northern Chile and is a style of mineralisation not previously discovered in Mexico.”

Commenting on the Papago 17 concession grant, Oroco President Craig Dalziel stated “We are very pleased that we have been able to realize the granting of the Papago 17 concession, which is so important to our land assembly initiatives in the Santo Tomas area. The Papago 17 concession hosts the most likely opportunity to increase the known area of the Santo Tomas mineralization zone, gives Oroco a certain foothold in the overall Santo Tomas project, and provides Oroco with an immediate exploration target while we work to resolve the title issues on the core concessions.”

Jeff Swinoga, President & CEO of First Mining stated, “This transaction unlocks the unrealized value of this prospective but under-explored Mexican gold property. Since First Mining is focusing on advancing the development of its Springpole Gold Project and Goldlund Gold Project, each in northwestern Ontario, entering into this option agreement adds immediate value to our shareholders while at the same time negating any holding costs on this property.”

“These high grade results and good widths are similar to our success at the Aida vein zone intersected earlier this year and confirms our belief that substantial potential exists to expand the mine life at Mercedes” stated Charlie Ronkos, Executive Vice-President of Premier.”These initial intercepts suggest a zone with grades well in excess of the current reserve grade at Mercedes”.

“The approval of the Informe Preventivo was a pivotal and significant step for Silver Spruce to initiate drilling at Pino de Plata. Surface land owners with ranches on our project had granted access for the drill campaign, and the comprehensive declaration/permit application has been approved with no clarification requested. The application was very thorough and is testimony to the high quality technical reports prepared by PRODEMIN and their contractors. We look forward to confirming our drilling contract and moving forward with the exploration program,” stated Karl Boltz, CEO of Silver Spruce.

Since Telson declared commercial production as of May 15, 2018 mining and milling operations at Campo Morado have run smoothly and continuously while production is steadily increasing towards management’s targets.