Category: Exploration and Development

Southern Silver Exploration Corp. (TSX.V: SSV) reported today that a 2018 budget totaling US$3 million has been approved by the joint venture partners for exploration work at the Cerro Las Minitas project, Durango Mexico. The program comprises 13,000 metres of drilling in two phases which will target both the systematic resource expansion in the Area of the Cerro containing the existing Mineral Resource Estimate and continued surface sampling and reverse circulation drilling on new discoveries in the recently staked CLM West claim group.

Riverside’s President and CEO, John-Mark Staude, stated: “We are pleased that results of our reconnaissance fieldwork at Ariel are supportive of the possible existence of porphyry copper mineralization. Riverside continues to build upon our alliance funded work to expand the targets defined. The Project, which was acquired through claim staking at minimal cost, is ready for follow-up exploration programs. Riverside continues to progress with the Project Generator business model and uses our team of experienced geologists to acquire and work up highly prospective assets.”

Marcio Fonseca, Goldplay’s Chief Executive Officer, commented: “We are very satisfied with the results of the ground geophysical survey program, supporting our exploration strategy to create a solid foundation for drill target generation to advance exploration on the El Habal Project.”

Candente Gold Corp. (TSXV:CDG) is pleased to announce that Sun River Gold plans to conduct a drilling program to further test the Mexico Mines Tailings Deposit. The drill is currently being mobilized from the USA to El Oro, Mexico and drilling will commence once all approvals have been received from Mexican authorities.

“The Ermitaño West and Aitana veins lie only four kilometres south of the operating mill at Santa Elena and remain to be explored at depth where First Majestic stated it expects to recover higher concentrations of gold and silver, in particular at Aitana,” commented Paddy Nicol, Evrim President and CEO. “First Majestic has announced plans to complete 13,000 metres of infill and expansion drilling at depth at Ermitaño West in 2018, as well as explore the recently discovered Aitana vein.”

High grade zinc assays continue to be obtained from infill and extensional drilling of the Tres Amigos resource. The drill campaign aims to convert inferred to indicated classifications and increase resource tonnages.

“The results from the surface drilling continue to be extremely encouraging. Firstly, they continue to confirm and provide further detail on the extent and continuity of the complex breccia mineralization below the proposed pit,” said Greg McCunn, Chief Executive Officer. “In addition, the hydrothermal breccia structure that lies south of the proposed pit continues to show mineralization over wide intersections near surface and may turn out to be a second mineralized breccia pipe altogether. We are looking forward to seeing the results from the next three drill holes to see how this develops.”

While KORES’s overseas assets will be sold off without exception, the ministry will not set sales deadlines to avoid the erosion of their value. Assets deemed strategically important in terms of metallic mineral supply will be sold to South Korean companies, with the related KORES employees to be laid off during the sales process. The corporation’s Overseas Resources Development Headquarters will remain in operation for a while for the maintenance and management of the assets.

Tawn Albinson, the President of Prospero said: “The limited program we’ve just finished demonstrates that the Pachua SE property hosts a number of blind epithermal veins with silver and gold mineralization; exactly what we’d hoped to see at the property. The discovery validates the science-based strategy we’ve applied to our exploration for blind epithermal targets; a strategy which we’ve implemented in the drilling and generative work with Fortuna. The next step at Pachuca will be additional drilling program to extend mineralization in the veins. “

Azure Minerals Limited is pleased to announce further high-grade zinc and lead assay results from its now-completed resource definition drilling program at the Company’s flagship Oposura Project.