Category: Exploration and Development

Mexican Gold Corp. is pleased to announce that its 2018 Phase 1 drilling program is underway at its Las Minas property, Veracruz State, Mexico. Additionally, the company has initiated its field exploration program of mapping, trenching and sampling at high-potential targets.

Kootenay President & CEO, Jim McDonald states: “The consistent high gold values are new for the project where previously identified mineralization is silver dominant. This area represents an exciting new target for us and the first significant gold mineralization to be found on the project. We are actively and rapidly moving this new gold trend to drill stage with plans to be drilling it near the end of the first quarter.”

“We are very pleased with the drill results from the Chirumbo area to the east of the Elena Tolosa mine as they show grade continuity and further extension of the main Avino vein to the northeast. The results from Guadalupe and San Juventino demonstrate additional mineralization between the current mining areas at Elena Tolosa and the San Gonzalo mines. These are longer-term targets that warrant further investigation and drilling.”

Alain Charest, Vice President Exploration, Mexico commented, “Cuale is one of the most exciting grass-roots exploration projects to have surfaced in Mexico in recent history and securing the land position was paramount. High sulphidation oxidized systems are rare in Mexico. Three known deposits are Goldcorp’s El Sauzal (1.9 million ounces gold), Alamos Gold’s Mulatos (5.0 million ounces gold) and Agnico Eagle’s La India (3.0 million ounces gold) and they serve as good indicators of the potential of this deposit style.1 High sulphidation gold deposits are known for their low cost, large scale and long mine life.”

Silver Viper’s President and CEO, Steve Cope, states “La Virginia is a gold-silver property with an exciting exploration history carried out by two highly competent exploration groups. This project adds immediate value to the Company given the past exploration results. We believe there is a lot of upside potential within this very large land package. I know we have the right team in place to unlock that potential.”

Kootenay President and CEO James McDonald states, “We are pleased with the excellent grades and continuity encountered in the La Negra mineralized breccia with the infill drilling conducted in 2017. We are looking forward to the 2018 exploration program which is entering the third year of our agreement with Pan American Silver and will focus on testing additional targets.”

Kootenay Silver Inc. is pleased to report that Aztec Minerals Corp. today announced the first five of 15 drill holes from its phase I, 3,000 drill program, currently underway at Kootenay’s Cervantes Project, located in Sonora State, Mexico.Drilling conducted by Aztec Minerals successfully intersected long intervals of porphyry gold, copper and silver mineralization including shorter intervals of high grade gold mineralization within the California Zone confirming excellent potential to host bulk tonnage porphyry mineralization.

Harvest Gold’s President and CEO Rick Mark states: “We are pleased to have advanced the Cerro Cascaron project to the initial drill program stage and, based on the results of our preliminary work to date, we look forward to meaningful drill results. We would like to thank our shareholders for their patience. We chose to take the time last year to add another layer of value to the investigation of Cerro Cascaron to insure we developed the best possible drill targets at this previously undrilled property. We know that a successful initial drill program is one of the key drivers of share appreciation in the junior mining space.”

Joey Wilkins, CEO of Aztec, commented: “These positive results from three of the first five drill holes of our Phase 1 drill program confirm that the California zone has excellent bulk tonnage porphyry gold (copper, silver) potential at Cervantes. Holes 3, 4 and 5 were drilled to test a small part of a large surface geochemical gold anomaly on the hill that forms the California zone. As expected, we intersected gold oxide mineralization where the copper has been partially leached out as well as mixed oxides-sulfides transitioning to sulfide mineralization at depth. The entire California zone is underlain by a large, strong IP chargeability anomaly from 100 m depth down to at least 500 m that could represent the heart of a porphyry gold (copper, silver) sulfide system. A total of 810 m were drilled in the first five holes, and we are currently drilling hole nine. Our first two drill holes intersected anomalous but sub-economic copper-gold-molybdenum oxide mineralization from top to bottom in the Jasper zone west of the California zone. The main focus of our remaining holes in the Phase 1 drill program will be to systematically test the western half of the much larger California zone.”

Tim Barry, President, CEO and director of Silver Bull states, “We are very pleased with the continued excellent results from our underground drill program in the sulphide zone. The high grade silver-copper mineralization seems to be hosted along favorable bedding horizons that have been steepened by an over lying thrust fault. Both the thrust fault and the favorable bedding horizons can be traced for over 5 kilometers along the entire deposit and suggests there is significant potential to expand the high grade silver-copper mineralization by targeting these geological features. In addition recent channel samples in two new zones of very high grade zinc sulphide mineralization grading up to 30% zinc identified in recently reconditioned underground workings sit along trend to the west of the current drill program (announced 10 January 2018) and suggest significant scope to expand high grade zinc mineralization into this areas. Work is currently underway to identify drill pads to target these areas. Continued results from the drill program are expected out over the next month.”