Category: Exploration and Development

Referente a la conferencia de prensa que realizó el Movimiento Civil Chalchihuites el pasado 5 de abril, queremos informar que se emitieron declaraciones falsas e imprecisas acerca de la Unidad Del Toro.

Argonaut Gold Inc. (TSX: AR) reports that its wholly-owned subsidiary that owns the La Colorada mine has had its permit for the use of explosives at the site temporarily suspended as a result of a pending legal action brought by four individuals against the Secretary of National Defense (“SEDENA”) and the Municipality of La Colorada. Activities at site continue unaffected due to the availability of blasted and stockpiled material adequate to allow for operations to continue normally. Stockpiles are sufficient that operations will continue normally through at least April 16, 2018, at which time there is a hearing scheduled where Argonaut hopes to resolve the issue.

Thomas Atkins, President and CEO of Mammoth commented on the drill results stating: “We’re very pleased with these two holes to have intersected gold mineralization in the Los Carneritos area almost one kilometer to the east of any prior drilling on the property and to have extended mineralization by at least 100 metres to the west of prior drilling in the Masuparia area.

Greg Crowe, Silver One’s President and CEO commented, “This geophysical survey has been very successful in identifying potential for down-dip, westward extensions to the historic resource area that have never been drilled. It has also outlined new areas of low resistivity that are associated with strong to moderate zinc, lead and/or copper in soil geochemical signatures. The CSAMT further identified deep zones of low resistivity which suggest wide channelways for potential mineralizing solutions. The silver manganese oxide resource area, in combination with the zinc-lead-silver system as identified in the soils geochemistry, have geological similarities to the Hermosa-Taylor deposits being developed by Arizona Mining, located approximately 125 kilometres to the northeast of Peñasco Quemado.”

Commenting on the testwork program, Azure’s Managing Director, Mr Tony Rovira said, “This second stage of metallurgical testwork has delivered excellent results, significantly improving on the initial testwork from last year and indicating that we will be able to produce high quality, high grade, clean concentrates with very high recoveries. These excellent results from so early in the study process makes me confident that further optimisation studies, which are currently in progress, will continue to provide additional improvements to these already good recoveries and grades.”

Kootenay President and CEO James McDonald states, “We are very excited that drilling has extended silver mineralization for a full 1000 meters northwest of the La Cigarra resource. We are particularly enthused with holes 42 and 43, which are situated furthest from the resource boundary and carry the best grades indicating excellent potential for further resource expansion on strike. Moreover, the mineralization is shallow and projects to surface indicating potential for these intercepts to fall within an open pit shell. We look forward to providing further results from the current drill program as assays are received and compiled.”

Fred Stanford, President & CEO of Torex stated: “Enough has already been said about the disruption caused by this union representation challenge and associated illegal blockade. With the recent end of the blockade and now the end of the union representation challenge, we can move forward with an absolute focus on value creation for shareholders and all stakeholders.2018 promises to be a year of many catalysts and the entire team looks forward to delivering on the full value of the asset.”He added, – “Torex has always supported the legally sanctioned, democratic union selection process. We see this Los Mineros Union withdrawal from the union selection process as a tacit acknowledgement that the incumbent CTM Union has the support of the majority of union eligible employees.”

N. Eric Fier, CPG, P.Eng, and CEO, remarked, “Our initial Phase III drill holes in the Babicanora Vein continue to intercept high– grade precious metal mineralization along a drill–tested strike length of 1.5 kilometres. The drill results from the southeast extension of the Babicanora Vein, known as Area 51, show further bonanza grades1, with increased size of the high–grade footprint. For H1 2018, we will continue expansion drilling of the Babicanora Vein, initial holes into Babi Sur Vein, and additional holes into the Las Chispas, Amethyst, Granaditas and other veins. We are systematically drilling only step out expansion holes and working towards an updated resource for Q3 2018.”

“It is great to see the Arista vein system’s mineralization expand again to the northwest and both up and down-dip within this swarm of veins,” stated Mr. Barry Devlin, Vice President of Exploration for Gold Resource Corporation. “The known veins in this area had previously pinched down in width and to see them begin to swell again to form a new ore-shoot, along with adding new additional veins, is exciting. We look forward to testing the extensions of both these known and yet to be named veins as the Arista Mine continues to grow.”

Brian Robertson, President and CEO commented, “These initial results for our 2018 Phase 1 drilling program further confirm the expansion potential of the mineralized zones at the Las Minas property. The drilling clearly indicates that the zones extend well beyond the confines of the current Resource Estimate. These results, in addition to previously reported high-grade results for the El Dorado Dike Contact zone bode well for significantly increasing both the tonnage and grade of the maiden mineral resource estimate for the El Dorado / Juan Bran and Santa Cruz zones.”