Category: Exploration and Development

Sable Resources Ltd is pleased to inform that the company has received all necessary permitting required to drill the Don Julio High-Sulphidation Gold Project located in San Juan Province, Argentina. Don Julio contains the first 5 targets of 15 identified in the 35,000ha San Juan Regional exploration program. Sable has engaged a civil engineering consultancy to assist with road and drill platform design and has conducted site visits with several drilling companies experienced in Andean projects. Road and drill platform construction is scheduled to begin following the end of the southern hemisphere winter in September 2018 with drilling to begin in October 2018. Drilling will target mineralisation at depth below the 2 by 2km Esperanza and 2km by 500m Heaven Hill gold anomalies. Don Julio will be the second project drilled by Sable this year after the recent Margarita discovery in Mexico.

Oroco Resource Corp. purchase from John C. Thornton, former Vice-President – Engineering of Mintec, Inc., historical technical information and data related to the Santo Tomas mineral deposit. Prepared by E.L. Bateman Engineering Company, Mountain States Research & Development International Inc., Mintec, Inc. and John Thornton, the data includes drill hole assays and associated interpreted sections, drilling, composite and digital models and reports dated from 1992 to 2011. Mr. Thornton and Mintec, Inc. have maintained custodial status of the data throughout that period and until present day.

Sampling Highlights Include 260 gpt Gold, 328 gpt Silver, 3% Lead and 2.6% Zinc. Prospecting by the Company on Malé has outlined numerous zones of anomalous gold mineralization. Of the 426 predominately grab samples taken by Kootenay from old pits and hand-dug small trenches, thirty samples analyzed gold values greater than 10 g/t, highlighted by individual samples returning 260.0 gpt, 85.5 gpt, 81.2 gpt and 53.4 gpt gold.

“The 14m intercept in drillhole M-DDH-18-08 represents our widest intersection to date with consistent average grades in excess of 400 grams per tonne silver equivalent”, commented Ruben Padilla, VP Exploration of Sable Resources. “We are also greatly encouraged by gold values in these holes up to 3g/t coincident with high base metal values with zinc to 4.5% and lead to 2.4%. Sable now has five holes into the Margarita structure with a weighted average grade of 420g/t AgEq over an average width of 8.6m, and a confirmed strike length of 500m down to 80m depth from surface.”

“Drilled resources at El Dorado appear to represent a readily available source of feed for our SDA Mill,” said Pierce Carson, Magellan’s CEO. “If confirmed these resources could supply ore to the mill for approximately five years at a mining rate of 100 tonnes per day. In addition, the geology is prospective for extensions of mineralization and for new discoveries. Acquisition of El Dorado is a key step in our strategy of initiating and then increasing production through the mill,” Carson continued. “To achieve these objectives, we are considering all financing options, including joint development with a suitable partner.”

San Marco Resources Inc. announces it has agreed to buy a data package and drill core on its Espiritu SMR Property from Kootenay Silver Inc. As payment for the data, San Marco will issue, subject to TSX Venture Exchange approval, 200,000 common shares to Kootenay.

Se llevó a cabo la graduación de 15 alumnos de la primera generación de la carrera de Ingeniería Metalúrgica del Instituto Politécnico Nacional (IPN) en Zacatecas, la cual se creó a petición del Clúster Minero de Zacatecas (CLUSMIN) de contar con profesionistas especializados en el área; todos ellos, egresaron con oferta laboral de compañías mineras.

Millrock President & CEO Gregory Beischer commented: “Some strong results were obtained in this program from the Crossover and Cobre prospects with anomalous gold over significant core intervals. More drilling will be necessary to determine whether there is continuity between the discrete zones of mineralization intersected.”

San Marco´s CEO Chris Grijalva stated; “We are pleased to have Antofagasta as a partner and look forward to a successful, team approached exploration program on our copper/silver discovery at the Chunibas project. The Project consists of stratiform, volcanic hosted copper-silver mineralization, similar to several ore deposits in northern Chile and is a style of mineralisation not previously discovered in Mexico.”