Category: Exploration and Development

The El Tigre Mineral Resource Estimate includes extensions of the historical El Tigre and Seitz Kelly Veins1, as well as the mineralized breccia halo around the El Tigre Vein. The Fundadora Mineral Resource Estimate includes the Aquila, Fundadora, Protectora and Caleigh Veins2. The El Tigre Tailings Mineral Resource Estimate is comprised of tailings from the former El Tigre Mine operation.

N. Eric Fier, CPG, P.Eng, President and CEO, remarked, “Channel sampling in the newly rehabilitated historic underground workings in the Las Chispas Vein is defining continuous unmined areas with bonanza grades. Several of these channel results are within 30 metres of the recently announced drill hole LC17-45, which intercepted 1.9 metres of 8,803 gpt AgEq. This Bonanza Grade Area is easily accessible for potential bulk sampling and mining. This area is an example of the potential high value mineralization that we continue to systematically explore at the Property. We are driving our underground and surface programs at Las Chispas to deliver a maiden resource in Q1 2018.”

Alio Gold Inc today announced that it has awarded GDI STRACON GyM S.A. de CV the contract for developing the underground decline at the high grade, high margin Ana Paula project in Guerrero, Mexico. In addition, the Company has engaged JDS Energy and Mining to manage the contract and underground mining operation.

Warren Rehn, President and CEO of Golden Minerals, comments, “The results from Santa Maria show the continuation of the mineralized veins and provide initial support for our goal of doubling the size of the existing resource. Santa Maria appears to be an excellent opportunity for Golden to establish near?term new silver production in the Parral area at a very low capital cost. We are executing our exploration programs efficiently while retaining a healthy cash balance and without the need for additional financing.”

Thomas Atkins, President and CEO of Mammoth commented on the drill targeting stating: “We’ve completed the consolidation of all surface results from the various exploration activities on the property. This work has enabled Mammoth to identify what we feel are the most compelling drill targets to test gold mineralization over an approximate 6 kilometre strike length of surface gold mineralization within the High Sulphidation, precious metal mineralizing system at Tenoriba.”

“We are very pleased with our continued exploration success at San Acacio. The Phase 1 results significantly expanded the mineralized envelope of the San Acacio silver deposit. Mapping and mineralogical studies indicate that the mineralized system hosting the San Acacio deposit is tilted to the southeast. This suggests that drilling along strike could result in the discovery of new mineralized zones containing the full vertical extent of the mineralizing system. Our next step is to prepare for the commencement of an aggressive Phase II drill program targeting new high grade shoots within the 900 meter extension of the Veta Grande vein system to the southeast of the San Acacio deposit.” stated Roy Bonnell, President and CEO of Defiance Silver Corp.

Gold Resource Corporation today announced drill highlights from its 2017 Alta Gracia drill program located in its Oaxaca Mining Unit, Mexico. Drill highlights include 1.29 meters grading 4.33 grams per tonne gold and 1,710 g/t silver, and 1.47 meters grading 2.29 g/t gold and 708 g/t silver. Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oaxaca, Mexico and Nevada, USA. The Company has returned $110 million to shareholders in monthly dividends since commercial production commenced July 1, 2010, and offers shareholders the option to convert their cash dividends into physical gold and silver and take delivery.

Auxico Resources Canada Inc. is pleased to provide initial sampling results of a single trench that yielded a 50m wide mineralized section grading 0.85 g/t Au including 3m of 13.07 g/t Au at the Aguamas property. This trench is located about 100 metres southeast of the Aguamas 2 historical mine, which returned samples of 14.87 g/t Au and 192.22 g/t Ag, and 25 metres northwest of the Aguamas 1 historical mine, where recent sampling returned 34.05 g/t Au and 97.78 g/t Ag. Examination of these past workings and exposed rock outcroppings indicated a series of quartz veins at multiple angles within a silicified volcanic breccia. The Aguamas property is located within the Company’s silver/gold property which contains 25 historic producers and occurrences. These gold and silver occurrences outline two regional trends that transect the property, anchored by past producers and field observations by Auxico’s geologists.

“One of our stated objectives since welcoming Osisko Gold Royalties as a strategic partner mid-year was to acquire additional near-term development projects in Latin America and significantly grow the Company’s prospective production baseline. Entering into this agreement is the first step in this evolution and we look forward to additional announcements in the coming months”, said Darren Koningen, President and CEO of Minera Alamos. “The development of Guadalupe is an ideal complement to our La Fortuna Gold Project which continues to advance towards production. The Company’s strong portfolio now has two high quality gold assets with a significant combined resource base approaching one million ounces and large potential for exploration upside. Our team has a proven track record of developing low capital-intensity mines in Latin America and has the expertise and resources to simultaneously advance both projects toward production. We are very excited to have added such a great near-term development project to our growing asset portfolio.”

“The discovery of mineralized breccia zones on surface would be of considerable importance. Confirmation of silver-gold mineralized breccia zones would quickly shift our focus from the proven high grade veins to these larger bulk tonnage type targets. This would have a major impact on the Company’s future.” stated Hub Mockler, Executive Chairman.