Category: Exploration and Development

Thomas Atkins, President and CEO of Mammoth commented on this successful Private Placement, stating: “We’re pleased to be closing on one hundred percent of what we’d set out to raise through this financing and in fact we couldn’t accept additional investment due to the limits of our price reservation. We’re also pleased to announce that even prior to closing this financing we began diamond drilling and are pleased to so quickly be able to mobilize and start drilling relative to the announcement of our plans to fund drilling via this Private Placement. Mammoth’s VP Exploration, Richard Simpson is on site and working with the drill contractor and local laborers to advance this drill program. Results are expected early to mid January and throughout the first quarter of 2018. We’re optimistic the abundant surface work performed by the Company, and which was used in selecting the drill targets, will produce some attractive precious metal intersections from this drilling.”

“The Zacatecas Mineral Assets represent one of the largest and most historically important land packages within Mexico’s Zacatecas silver belt and we are very pleased to have reached this agreement with Contracuña which provides us greater flexibility to consolidate our mineral interests,” stated Arturo Préstamo, President and CEO of Santacruz. “In addition, our joint venture with Carrizal is an important milestone in our plan to grow our Zacatecas operations into a significant silver producer, and we look forward to its continued development as part of Santacruz’s transition into a mid-tier Mexican silver producer.”

J. Duane Poliquin, Chairman of Almadex commented, “We are very pleased to report additional assays from the very northern part of the large Villa Rica geophysical and geochemical target. We believe that these results further indicate large scale porphyry potential in this part of the project. While we have demonstrated the potential for a significant deposit with our Norte drilling, today’s results at Raya Tembrillo clearly show that we are dealing with a large cluster of porphyry systems all of which hold the potential to be important porphyry copper-gold deposits.”

Silver Viper’s President and CEO Stephen Cope states, “La Virginia is a highly prospective gold-silver property aggressively explored by Minefinders, whose last reported assays, prior to their acquisition, were highly encouraging. The property may have been overlooked as a non-core asset during the transition. Silver Viper sees in La Virginia an opportunity to build a portfolio of exciting exploration projects and advance work to date in the prolific Sierra Madre Occidental.”

Commenting on the drilling campaign, Azure’s Managing Director, Mr Tony Rovira said, “The mineralised intercepts we are seeing are confirming the overall size potential and the internal continuity of the Oposura deposit. Particularly pleasing is that where we intersect massive sulphides, the high tenor of those sulphides is returning very high grades of zinc and lead, and with many of the holes intersecting large mineralised widths, the results are demonstrating positive signs for the mining studies currently underway.”

Duane Poliquin, Chairman of Almaden, commented “This highly credible study is a fundamental step towards project development. We are pleased that our active community programs have accomplished the primary objective of ensuring that the local communities understand our project. With the benefit of this report, we can now turn our minds to a social investment plan to accompany the mine, which accommodates the needs identified in this process, and best ensures local people are in a position to benefit as much as possible from Ixtaca project development”.

Brian Robertson, President and CEO, commented, “We are very excited about the results for dike contact drilling and the high-grade intercept at Cinco Senores. The long intervals of highgrade mineralization continue to significantly increase both the tonnage and grade of the initial resource estimate for the El Dorado/Juan Bran zone. And drilling at the Cinco Senores zone has successfully extended the mineralization to 120 metres along trend, indicating the high potential of significant tonnage at this parallel zone.

Leagold CEO Neil Woodyer stated: “The large-scale drill program commenced in April and has been completed on schedule. The program delineated several new areas of high-grade mineralization and has greatly increased the Measured and Indicated resources, based on data available as of August 31, 2017. A further update of the Bermejal Underground mineral resource estimate is in progress and is expected before year end. In addition, the Bermejal Underground ramp development has advanced 175 metres to date and is on track to reach the test mining area in Q2 of next year.

La administración municipal recibirá 131 millones de pesos del Fondo para el Desarrollo Regional Sustentable de los Estados y Municipios Mineros.

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.