Category: Exploration and Development

Gainey Capital Corp. (TSXV: GNC) (OTC: GNYPF) is pleased to announce that it has completed upgrades to its Huajicori mill and anticipates processing the mineralized bulk sample material during the coming weeks.

“Our sampling continues to demonstrate consistent and strong copper grades and widths in the main showing areas,” stated Michael McPhie, President and CEO of Prize Mining. “We are gaining a better understanding of the mineralization and using that information to define drill targets. Furthermore, reconnaissance sampling on five other prospects spread over a 2.4km by 1.2km area underscores the widespread and locally high-grade nature of the copper-silver mineralization. With almost 18,000 hectares of prospective ground and more than 35 known showings, we are confirming the district-scale potential of the Manto Negro Project.”

Canasil Resources Inc. (TSX-V: CLZ, DB Frankfurt: 3CC) announces that the Company has completed preparations to resume drilling at the La Esperanza silver-gold-zinc-lead project in Durango and Zacatecas States, Mexico. The drill program is planned to follow up on the positive drill results from the 2016-17 drill program on the La Esperanza vein, located in the southeast of the project area. The access road to the drill area has been graded and the drill sites have been prepared in advance of the drill mobilizing to site. All required permits are in place and the start of the drill program will be announced when drilling is underway.

Teck has informed Azure that it will be continuing its planned exploration on Alacrán, which will comprise further geological, geochemical and geophysical surveys in the first half of 2018, to be followed by additional, results-driven drilling in the second half of the year.

Sable Resources Ltd (TSXV: SAE) is pleased to announce that drilling has begun on the Margarita Project after the Company received permits from the government of Mexico and access agreements from the surface rights holder. The initial program consists of over 4,000 m of core drilling to test the 1.7 km of silver bearing epithermal quartz veins. This Phase 1 drill program will be expanded should positive results warrant additional drilling.

Brian Robertson, President and CEO commented, “We are very pleased with the results of the drill program which focused on resource expansion and confirmation of grade continuity. Step -out drilling at the El Dorado/ Juan Ban and Santa Cruz zones continues to expand the boundaries of the maiden resource, both along strike and to depth. The infill drilling continues to support the consistency of the grade distribution within the deposit These results are very positive for a significant increase in the maiden resource.”

“We are very pleased to find this high-grade intersection on what appears to be a south-east extension of the Main Zone.” says Colibri President & CEO Ron Goguen. “Additional holes of the Phase 1 program will test for continuity within the Main Zone and further step-outs along the mineralized trend to the south-east as well as the north-west.”

Leagold Mining Corporation (TSX:LMC; OTCQX:LMCNF) reports drilling results for the Los Filos Underground mine in Mexico. Highlights are from the Nukay, Conchita and Creston Rojo deposits and include 24.2 grams per tonne over 4.10 metres; 23.6 gpt over 6.95 metres; and 9.1 gpt over 8.69 metres respectively.

United States Antimony Corporation (NYSE American: UAMY) reported progress on the construction of the leach plant for the Los Juarez gold-silver-antimony deposit in Queretaro, Mexico. The excavation and lining of the tailings pond is the largest and most expensive project, and it is underway. The concrete floor of the leach plant is being poured and initially no building will be necessary over the floor. Much of the equipment is being assembled in Montana and also in Mexico. Testing and shake-down of the plant is anticipated in Q4 2018.

Marcio Fonseca, Goldplay’s Chief Executive Officer,stated, “We are extremely pleased to have completed the San Marcial option agreement. The San Marcial Project together with the El Habal Project form the cornerstone to the discoveries, resource and project developments for Goldplay in the Rosario Mining District.”