Category: Exploration and Development

Prospero Silver Corp is pleased to provide an update on planned drilling of the Petate project in Hidalgo State, Mexico. The drilling is being carried out as part of its on-going 6,950 m reconnaissance drill campaign funded by strategic partner Fortuna Silver Mines Inc.

Azure Minerals Limited is pleased to report that preparations for its first drilling program on the Oposura zinc-lead-silver project are complete and drilling will commence as soon as the Company has received the requisite permits, expected in early to mid-October.

El director del Clúster Minero de Zacatecas, Alberto Mendoza Almanza, sostuvo que no dará ninguna postura con respecto al desplazamiento que sufren empresarios locales por parte de la empresa Minera Fresnillo PLC para dar cabida a empresas foráneas, ya que se lo impiden los estatutos.

Golden Minerals President and Chief Executive Officer Warren M. Rehn commented, “We are dedicated to unlocking the full value of our existing resources and infrastructure in Mexico and Argentina. The drill program at Mogotes is a first test of an extensive altered area that shows signs of being a productive epithermal system hosted in volcanic rocks within a few kilometers of our existing mills at Velardena. Surface values from channel samples show strongly anomalous gold, arsenic and antimony values associated with hydrothermal breccia veins and silicification along a major fault structure.

N. Eric Fier, CPG, P.Eng, President and CEO, remarked, “Step out drilling along the strike of the Babicanora Vein has more than tripled our previously announced high-grade footprint. New high-grade drill intercepts confirm strong mineralization extending beyond the historic Babicanora workings. We have been able to trace the Babicanora Vein on surface for over three kilometres, but have drill-tested less than 20% of its known strike length. Based on continued success in the district, we plan to have up to six drills turning this fall, aiming to further expand high-grade mineralization along multiple veins in both the Babicanora and the Las Chispas areas. All of our current efforts are focused on a maiden resource announcement in early 2018.”

Levon Resources Ltd. is pleased to announce the completion of the core drilling campaign at the Cordero Ag, Zn, Pb, Au discovery, 35 km north of Hidalgo del Parral, Chihuahua, Mexico, previously announced by the Company on May 15, 2017. Complete hole assays are pending and will be reported when the assays are received. A total of 5,655m of core in 18 infill core holes were drilled within the central part of the 2014 Cordero resource.

Candente Gold Corp. is pleased to announce that its Mexican subsidiary, Minera CCM El Oro Jales S.A. de CV has renewed the option, originally signed in 2013, allowing the Re-Processing of the tailings deposit derived from the Mexico Mine, part of the San Rafael Vein in the El Oro District. The agreement is with the Municipality of El Oro in the state of Mexico.

J. Duane Poliquin, Chairman of Almadex commented, “We are pleased to once again demonstrate continuity in this part of the defined mineralised envelope. The Norte Zone is one of several defined porphyry targets on the property which we plan to aggressively explore and, in the case of Norte, drill in detail with the goal of defining a resource.”

Indicated Resources – 661,000 Gold Equivalent Ounces
Inferred Resources – 341,000 Gold Equivalent Ounces

Allan Barry Laboucan, President and CEO of Advance said; “We have been able to position ourselves in a silver project that remains open for exploration, in one of the most prolific silver districts worldwide. In fact, we share the same geological structure as several important Mexican mines. Our vending partners, who will become significant shareholders in the company, will retain an NSR and will help us develop the Tabasquena project as they bring local knowledge and experience needed for permitting, community relations and geological understanding. Our vending partners are key to rapidly advancing the Tabasquena project. Our small share float and timing to acquire this silver project with precious metal prices performing well, has us well positioned for growth.”