Category: Exploration and Development

President Lawrence Page Q.C. stated, “this opportunity to acquire an option to purchase this property on favorable terms came about through relations developed over the past several years of doing business in Mexico. The Los Reyes property satisfies all the elements required to develop a property into production such as deal terms, infrastructure, favorable political climate and historic values. These factors may well lead to success through exploration to be commenced upon permit approval expected in approximately three months. Addition of this property to our portfolio of the Swift-Katie copper gold property in B.C. and the Weepah gold property in Nevada, both of which are permitted for drilling, allows us to expand our scope of operations into three miner-friendly jurisdictions.”

“The acquisition of the Guadalupe gold project late last year was another strategic addition to the Company’s developing production profile”, said Darren Koningen, CEO of Minera Alamos. “A significant amount of time and effort was expended by the previous owners to re-establish the project as one of the premium advanced stage gold assets in this region of Mexico… “

“We are excited to have identified a massive target at depth that is coincident with our recently identified IP anomaly.By employing both IP and revolutionary technologies such as Atomic Electron Resonance Imaging (AERI), we have begun identifying targets along the un-mined 4.4km extension of the Veta Grande vein. In addition, the use of these technologies allows us to more cost effectively drill the vein,” stated Peter J. Hawley, President and CEO. “We anticipate drilling the anomaly in the near future as the size and depth of the anomaly have the potential to be a game changer for Defiance.”

Igor Gonzales, President and CEO of Sierra Metals commented: “The Company is very encouraged by the results of this PEA as they support the plan to profitably develop and grow the Cusi Mine in sustainable and staged steps from 650 TPD currently, to 1,200 TPD by Q1 2019, and further, to 2,700 TPD in 2021 based on consensus metal pricing.

Evrim’s President and CEO, Paddy Nicol, commented, “Sarape is located in an emerging epithermal gold belt hosting several mines and deposits, including Premier Gold’s Mercedes Mine, First Majestic Silver’s Santa Elena Mine, and SilverCrest’s Las Chispas deposit. Evrim’s Ermitaño project, under option to First Majestic Silver, is also in the belt where a maiden inferred resource of 40.8 million ounces silver equivalent* (562,000 ounces gold equivalent) was recently announced (see First Majestic Silver news release of March 29, 2018). We look forward to working with Coeur’s team on Sarape and will commence exploration in late June.”

“We have all the necessary equipment and chemicals on site to begin leaching when tests are complete. The results of our first leach will give us a base line going forward as we work to improve recovery rates. This first test will produce gold and silver and will be the beginning of positive cash flow.” added Mexus CEO Paul Thompson.

Las negociaciones continuarán durante la siguiente semana y, las partes muestran disposición en encontrar salidas viables

Colibri Resource Corporation wishes to announce that it has completed drilling of the final 900m of its 3,000m Phase 1 drilling program at its Pilar Gold Project in Sonora, Mexico. Samples from the final 7 drill holes and 2 drill hole extensions have been collected and delivered to ALS Chemex laboratories in Hermosillo, Mexico for assay preparation and subsequently the Atomic Absorption and Fire Assay analysis will be completed in Vancouver, Canada. Assay results will be released as they become available.

J. Duane Poliquin, Chairman of Azucar commented, “We are very excited to commence what we anticipate being a comprehensive two year intensive drill program at the El Cobre project. The results over the past two years have shown the potential for multiple porphyry centres over a four kilometre strike. We look forward to reporting drill results as we move forward.”

Dr. Peter Megaw, MAG’s Chief Exploration Officer commented, “With the Zacatecas Silver District consolidating, MAG was approached by a number of companies looking to acquire its holdings in the camp. MAG chose to partner with Defiance because of our long-held interest in the exploration potential of the Veta Grande Vein, the second most important vein in the billion-ounce Zacatecas silver district. A number of high-grade ore-shoots have been found along its length and the ability to expand exploration to a continuous 5.6 km stretch of this historically under-explored vein greatly enhances the potential for discovering more. This strategic interest in Defiance provides MAG with exposure to the upside of future discoveries as their exploration of this important vein advances.”