Category: Exploration and Development

“These final results of the drill program are again a reminder of the high-grade nature of the breccia mineralization within the proposed open pit at Ana Paula and give us further confidence in our existing block model,” said Greg McCunn, Chief Executive Officer. “We are excited to be turning our attention to testing the extension of the breccia zone below the proposed pre-feasibility study pit with a 6 hole, 4,000 metre program that is expected to begin in early January. This surface drill program will be undertaken in parallel to the construction of the underground decline which is being driven into the mineralized area to allow further drill testing from underground.”

Brian Metzenheim, Gainey Capital’s VP of Exploration commented, “The style of mineralization found in the shears may represent the upper extents of a moderately sized porphyry deposit that could host economic grades of copper, gold, and silver. I am encouraged by the regional distribution of the shears and the consistency of grades and alteration hosted by them and look forward to initiating exploration work on the project.”

Gary Cope, President of Orex states, “We are very pleased to bring in a respected and major mining company, as their involvement validates Sandra Escobar and there is still potential for significant upside at the project. We look forward to working closely with both our partners and unlocking future value for our shareholders.”

“We are pleased with the conclusion of the permitting process without interruption of operations at Topia”, stated James Bannantine, President & CEO. “We will be commencing imminently the construction of Phase II and have sufficient remaining capacity at Phase I to continue mining operations allowing a seamless transition to deposition at Phase II.”

“Representatives from both Mexus and MarMar have worked diligently to get to this point. All aspects of the operation at the Santa Elena mine will now be increased to achieve maximum returns. We will be releasing additional details as key milestones and targets are reached.” added CEO Paul Thompson.

Vancouver, Canada: Radius Gold Inc. is pleased to provide an update on exploration in Mexico and reports new high grade channel sampling results from the Amalia Project located in the State of Chihuahua, Mexico. Radius exploration teams have been systematically advancing Amalia to drill ready stage, including the submission of applications for drilling to the regional authorities. Additionally, teams have been prospecting the Tarros property and new regional targets in Mexico. In total Radius geologists have collected an additional 315 rock and 195 soil samples in the last three months.

Torex Gold Resources Inc. announces, with great regret, that it has suspended the employment contracts of its workforce in Mexico. This suspension is the direct result of an illegal blockade of its ELG Mine, by the Los Mineros Union, an outside union that wants to take over representation of the employees who already have a union. Since the blockade began, on November 3, 2017, the Company has continued to pay its workforce, except for the minority that have participated in the illegal blockade. The suspension of the employment contracts was effective on December 16, 2017, and will affect all employees in Mexico, with the exception of a small number that will manage the Company’s ongoing responsibilities.

Fred Stanford, President and CEO of Torex stated: “Our thanks go out to the hundreds of individuals who have stepped up and publicly illustrated that the Company is making a meaningful contribution to society and that they are proud to be a part of that journey. With such an overwhelming show of support by our employees through this vote, we hope Los Mineros will remove its illegal blockade and let workers get back to work so that they can provide a good Christmas for their families. It is now clear that Los Mineros does not speak for our union eligible employees, who do not want their disruptive presence through the continuation of the blockade.” He added, “If Los Mineros, and their supporters, UNIFOR, and USW, are not legitimately speaking for our union eligible employees then presumably they are speaking for someone else. We assume they are speaking for themselves, and their political agendas in the Mexican federal presidential election and in the NAFTA negotiations. We would hope that these outside unions keep their political actions to the political arenas, and let the employees get on with their lives and go back to work. If Los Mineros, USW and Unifor truly care for these workers, then they will honour the workers’ vote and immediately lift the blockades, and limit political activity to political arenas.”

Harvest Gold’s President and CEO Rick Mark states: “Recently a meeting of the Harvest Gold/Evrim Resources geological team was held in Vancouver. Priority drill targets were selected in both the main Cascaron gold vein field and the silver-rich Cascarita prospect. With the knowledge gained from the fall 2017 Phase 1 exploration program, which included rock and soil sampling results, geologic mapping and adit sampling results, we have a high level of confidence in our targeting and are looking forward to having these high priority targets tested. Our Joint Venture partner expects the drill permitting process to be complete by the end of January.”

Mr. Randy Reifel, President states, “We are very early in the drill program with only five holes completed in the Central Prospect. We are very encouraged that Y-02 and Y-03 tested a deep blind IP anomaly that underlies a 3.0 x 1.5 kilometre hydrothermal system exposed on surface and confirms its continuity to a depth of 500 metres. The strength and types of the alteration with increasing copper values lower in the system indicates a potential significant mineralized intrusive. We are also pleased with the first two drill holes in the Spaniard zone. Drill results confirmed the depth of the gold-silver sulfide mineralization to at least 100 metres. Resistivity profiles indicate that several of these structures may extend more than 350 metres below surface.”