Category: Exploration and Development

Commenting on the Papago 17 concession grant, Oroco President Craig Dalziel stated “We are very pleased that we have been able to realize the granting of the Papago 17 concession, which is so important to our land assembly initiatives in the Santo Tomas area. The Papago 17 concession hosts the most likely opportunity to increase the known area of the Santo Tomas mineralization zone, gives Oroco a certain foothold in the overall Santo Tomas project, and provides Oroco with an immediate exploration target while we work to resolve the title issues on the core concessions.”

Jeff Swinoga, President & CEO of First Mining stated, “This transaction unlocks the unrealized value of this prospective but under-explored Mexican gold property. Since First Mining is focusing on advancing the development of its Springpole Gold Project and Goldlund Gold Project, each in northwestern Ontario, entering into this option agreement adds immediate value to our shareholders while at the same time negating any holding costs on this property.”

“These high grade results and good widths are similar to our success at the Aida vein zone intersected earlier this year and confirms our belief that substantial potential exists to expand the mine life at Mercedes” stated Charlie Ronkos, Executive Vice-President of Premier.”These initial intercepts suggest a zone with grades well in excess of the current reserve grade at Mercedes”.

“The approval of the Informe Preventivo was a pivotal and significant step for Silver Spruce to initiate drilling at Pino de Plata. Surface land owners with ranches on our project had granted access for the drill campaign, and the comprehensive declaration/permit application has been approved with no clarification requested. The application was very thorough and is testimony to the high quality technical reports prepared by PRODEMIN and their contractors. We look forward to confirming our drilling contract and moving forward with the exploration program,” stated Karl Boltz, CEO of Silver Spruce.

Since Telson declared commercial production as of May 15, 2018 mining and milling operations at Campo Morado have run smoothly and continuously while production is steadily increasing towards management’s targets.

Radius has granted to Pan American the option to earn up to an initial 65% interest in the Amalia Project by making cash payments to Radius totaling US$1.5 million (of which US$100,000 has been received) and expending US$2 million on exploration over four years. Pan American may earn an additional 10% by advancing the property to preliminary feasibility. Initially Radius will be the project operator.