Category: Exploration and Development

Colibri Resource Corporation is pleased to announce drill results for the Pitaya project, Sonora, Mexico as received from joint venture partner, Agnico Eagle Mines Limited. Pitaya is a joint venture project with Agnico Eagle and is immediately adjacent to and on strike from Fresnillo’s Tajitos discovery, in which greater than 328,000 ounces of gold have been announced. Agnico Eagle is the operator of the Pitaya Project and currently holds 66.33% of the joint venture with Colibri controlling 33.67%. Agnico Eagle has had two drills operating at Pitaya; a total of 7286.55 meters in 26 drill holes were drilled in the most recent campaign and assays have been received for 23 holes to Nov. 30, 2017. Drilling is still in progress.

President and CEO, John-Mark Staude stated: “We are delighted to be drilling again at Glor and testing large open-pit style targets. We look forward to receiving results from the first holes in early 2018 and are pleased with Centerra’s support, as we work closely together to develop and drill-test high-potential gold targets. We are always pleased to deliver discovery exposure to our shareholders, especially at targets close to existing mining operations.”

Silver Viper Minerals Corp. is pleased to announce that Alex Peter Tsakumis has been appointed by the Company as Vice President of Corporate Development. Phase I exploration activities at Clemente including reconnaissance mapping, soil sampling and diamond drilling are now completed for the brief 2017 season. Drill and field crews have demobilized, and the remainder of Phase I exploration is scheduled to recommence February 2018.

“This new discovery area now named La Pista was an unexpected and exciting result of the recent work the Company’s exploration team undertook at the La Fortuna project,” said Miguel Cardona, Vice President of Exploration for Minera Alamos. “The La Pista zone is located in an area of quartz monzanite breccias with the strong presence of tourmaline and quartz stockwork veining reminiscent of the structures that contain the existing La Fortuna Main Zone resource. The discovery of a new and potentially significant additional area of gold and silver mineralization in addition to the known areas of historic mining confirms our belief that the La Fortuna project area was the focus of intense regional hydrothermal activity. All of the areas targeted for Phase 1 drilling at the start of 2018 show significant potential to host new mineralized resources and none of them have been subjected to any modern exploration or drilling activity”.

UPGRADE OF DSA-03 HIGH-GRADE GOLD DRILL HOLE INTERCEPT. As part of its internal quality control procedures, Bureau Veritas Laboratories observed an error in the gold value of sample DH-17314 (hole DSA-03: 17.95m – 18.80m). This sample was reassayed, and BVL subsequently amended the gold result from 2.86g/t Au to 30.5g/t Au. This change increased the gold grade of the overall mineralised interval to 26.20m @ 9.50g/t Au (previously 8.60g/t Au), and the internal high-grade interval to 12.60m @ 16.80g/t Au (previously 14.90g/t Au). See core photos for individual sample grades of this high grade mineralised zone.

J. Duane Poliquin, Chairman of Almadex commented, “These are the first assays in many years from the Porvenir Zone in the central part of the El Cobre project. We believe that these results demonstrate the potential for a significant deposit in this area of the property and again clearly shows that we are dealing with a large cluster of porphyry systems all of which hold the potential to be important porphyry copper-gold deposits. As exploration progresses, it will be interesting to see how the Norte, Porvenir, Villa Rica, and Encinal zones relate at depth.”

Akiba Leisman, Executive Chairman and Interim CEO states that “the ability to process the near surface material intersected in hole 17COLDDH04 through the existing heap leach pad and ADR plant at La Trinidad bodes well for the potential extension of mine life. Additionally, areas of altered gold bearing zones deeper at Colinas continue to indicate the presence of a larger hydrothermal auriferous system that is only beginning to be tested.”

Greg Crowe, Silver One’s President and CEO commented, “We believe this survey will be extremely useful, as previous geophysical surveys successfully identified lithologies and mineralization associated with the historic Peñasco Quemado resource area, where nearly 10 million ounces (measured and indicated resource) of silver were identified through drilling between 2008 and 2009 (see Company news release dated September 27, 2016). The previous geophysical survey was conducted in specific areas of the property only and did not entirely test the targets outlined through recent soil surveys completed by Silver One. The present geophysical survey will cover a wider area to investigate the newly discovered large target found in the western part of the property, as well as the 3+ kilometre-long zinc and lead soil anomaly that occurs along-strike to the southeast of the historic resource area. Both targets have the potential to significantly increase the existing resource and to define new areas of mineralization.

Thompson Falls, Montana. United States Antimony Corporation reported that SEMARNAT (the equivalent of the U.S. EPA) has issued USAMSA (a wholly owned subsidiary of USAC) the permit for a cyanide leach plant for the Puerto Blanco mill in Guanajuato, Mexico.

“The second set of results of the drill program have continued to confirm previous drilling providing confidence in the robustness of the block model,” said Greg McCunn, Chief Executive Officer. “The drill program was primarily designed to supply a variety of rock types and grade to allow the creation of composite samples intended for the metallurgical test program. The samples from the drill core are representative of the material within the proposed pre-feasibility pit and will undergo metallurgical testing with results to be incorporated into the DFS. The DFS is currently underway and on track to be completed in the second quarter of 2018.”