Category: Exploration and Development

“As we continue to advance an aggressive multi-year exploration program at Mercedes, the Rey de Oro target confirms our belief that substantial potential exists to expand the mine life” stated Charlie Ronkos, Executive Vice-President of Premier. “This new mineralized zone is under development and we plan to begin mining (prior to year-end) where we are achieving substantial widths. Mined grades at Rey de Oro are expected to be well above our current mine site reserve grade.”

“Our goal with the first hole of phase 2 drilling is to get under the gold discovery hole and hit the Tabasqueña vein at approximately 1800 metres above sea level. At this level we expect to hit the vein well into the precious metals horizon,” Allan Barry Laboucan, President and CEO of Advance Gold Corp.

Rodrigo Barbosa, the Company’s President & CEO commented, “In addition to making considerable progress on the underground mine development and plant during the last few months, the Company has focused on developing and implementing a new management standards and procedures for Community, Safety and Employees to ensure a safe re-opening, high performance and a respectful management team’s culture going forward. Finally, Aranzazu offers interesting exploration upside that should be drilled and analyzed during 2019/20.”

Orex’s President, Gary Cope says, “We look forward to the start of a new exploration program on this promising silver-copper-zinc project in the prolific Silver Trend of Mexico.”

First Majestic Silver Corp. and Evrim Resources Corp. are pleased to announce that the Ermitaño and Cumobabi project option agreements in Sonora, Mexico have now been exercised and that First Majestic has completed its 100% earn-in for both projects. In connection with the exercise, First Majestic has made a US$1.5 million cash payment to Evrim and has granted to Evrim, per the original 2014 option agreements, a 2% net smelter royalty in the case of the Ermitaño project and a 1.5% NSR in the case of the Cumobabi project.

Jose Antonio Berlanga, Telson’s Chief Executive Officer, stated, “We are very saddened by this unfortunate and tragic event and send our condolences and sympathies to the family of the deceased; the thoughts and prayers of Telson’s Board of Directors and Management are with his family, friends and coworkers during this unfortunate time. We are and will continue providing as much support to the deceased’s family as possible.”

Prospero Silver Corp. is pleased to provide results for drilling of its Buenavista project in northwest Durango State, Mexico. Eleven holes, totaling 2,811m of core drilling, were completed. The drilling at Buenavista was the fourth project to be drilled under the terms of a second round of strategic investment from Fortuna Silver Mines, Inc.

“We have placed a high priority on achieving early production at El Dorado,” said Pierce Carson, Magellan’s CEO. “The drilled resource appears to be sufficient to support an underground mining operation for five years at a mining rate of 100 tonnes per day. We plan to truck the ore to the Company’s SDA Mill for processing.”

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.