Category: Exploration and Development

VVC Exploration Corporation today announces that it has received approval from SEMARNAT for 22 new drilling sites, in addition to 13 already approved, on its Samalayuca Property in northern Chihuahua State, Mexico. The results of the drilling will be used to define copper mineralized zones intersected in the first 2 drilling phases and test other artisanal pits on the property. The Phase 3 drilling program is planned to start in late April.

Mexus Gold US released a report written by geologist Cesar Lemas on its Ures property located near Hermosillo, Mexico. The preliminary geological report details initial sampling done on the properties 3 concessions- 370, 8 Brothers, and Scorpio.

Levon Resources Ltd. is pleased to announce the 2018 updated NI 43-101 mineral resource estimate and a 2018 Preliminary Economic Assessment for the Cordero silver, zinc, lead, and gold porphyry project, located 35 kilometers northeast of Hidalgo Del Parral, Chihuahua State, Mexico. Levon expects to continue its evaluation of the Cordero flagship project with the intent of advancing it to the prefeasibility or feasibility stage, and to seek a strategic partner. The timeline and estimated capital required to advance the project to the next stage are under review. The 2018 resource update includes the 2014 Cordero NI 43-101 resource and the results of 2017 infill resource drilling.

The program has reaffirmed the highly prospective nature of La Plata and the Company will now assess the best way to advance the La Plata, Mojardina and Santa Eduviges prospects and the regional exploration in the Northern Zone where the coincidence of gold and hydrothermal haematite occurs.

Commenting on the soil sampling results, Azure’s Managing Director, Mr Tony Rovira, stated: “Azure has undertaken the first modern exploration on the Mina Blanca Ranch in the western part of the Oposura property, and the systematic and technical approach is delivering positive results.”

Brian Robertson, President and CEO commented, “These high – grade drill results over long intervals demonstrate the continuity of the high- grade mineralization outlined by previous drilling. The results also highlight the potential for significantly increasing both the tonnage and grade of the maiden mineral resource estimate for the El Dorado / Juan Bran zone. The Eldorado Dike Contact zone has been outlined over 330 metres along strike with core widths up to 46.0 metres and remains open for expansion.

Thomas Atkins, President and CEO of Mammoth commented on drill results stating: “We continue to be very pleased with the results from this drill program. I can’t stress enough the steep learning curve we’re climbing with each hole we drill and as we continue to intersect mineralization we continue to unravel the controls to the mineralization at Tenoriba. The objective of this drill program is to test for the first time the depth extension of various areas of surface mineralization along portions of a 6 kilometre trend identified by Mammoth and how these intersections fit into the large High Sulphidation system at Tenoriba. These results assist the company in identifying characteristics and continuity at depth of potentially economical surface mineralization along this 6 kilometre trend and position us for follow-up drilling to identify a mineral resource at Tenoriba.”

Arturo Préstamo, CEO of Santacruz, stated “This services agreement is an important step for the Company as it will provide working capital that will allow us to expand the Veta Grande Project into a significant silver producer, whilst increasing the Rosario Project production during the year.”

Golden’s President and Chief Executive Officer, Warren M. Rehn, notes, “We are pleased with the results of this independently?prepared estimate, as it presents a potentially viable mining opportunity for us in El Quevar’s Yaxtché deposit. Potential to increase the size of the Yaxtché deposit remains, as the deposit is open to the west. Additional high?grade silver targets identified by drilling exist in several areas near Yaxtché. We plan to expand on this new resource to enhance the potential viability of a possible operation….”

J.D. Poliquin, chairman of Almaden stated, “We are very encouraged by these results which are beginning to define a new mineralised zone well outside of the PFS pit and resource area. These results demonstrate the potential for discovery on the project and for the Ixtaca mine plan to grow with continued exploration. Ongoing drilling will continue to seek more such zones even as the engineering work and Feasibility Study progress.”