Category: Exploration and Development

At the request of IIROC the Company wishes to clarify disclosure in its September 8, 2017 news release issued earlier today entitled “MX Gold Corp Receives 1,000 Tonne Per Day Throughput Estimates on the Magistral Project” . The disclosure of estimated tonnage, estimated gold/tonne, estimated silver / tonne, recovery rate gold; recovery rate silver, commercial production, free cash flow, life of project and total free cash flow was a violation of NI 43-101 – Standards of Disclosure of Mineral Projects as no preliminary economic assessment, preliminary feasibility study or feasibility study has been filed to support any of the disclosure. The disclosure constitutes Restricted Disclosure per NI 43-101, 2.3. Also, NI 43-101, 4.2 requires the filing of a technical report to support disclosure of this nature – no technical report has been filed to support the disclosure. As a result the disclosure is not compliant with National Instrument 43-101 – Standards of Disclosure for Mineral Projects. The Company hereby retracts the entirety of the Prior Release and readers should not rely on the disclosure contained in the Prior Release, including the following statements and table disclosing the technical results and project economics:

“Drilling supports the Santa Rosa vein along every section line drilled within a mineralized corridor over a strike length of 430 meters which is open in both directions (northeast and southwest) and at depth. We have detected high to bonanza grade silver with high grades of gold and accessory zinc and lead mineralization within the corridor across widths of up to 4.3 meters within the Santa Rosa Vein. We have discovered a new vein with high grade silver and gold values,” stated Hub Mockler (BSc Geology), Executive Chairman.

Dan Omeniuk MX Gold Corp. Chairman and CEO said: “MX Gold due diligence work to date has provided us with results very similar to if not slightly better than previous studies” thereby giving us greater confidence in the project as we move towards production.

“Based on confidence gained in several consecutive, annual underground drilling campaigns on the Mala Noche Footwall Zone, we recently added two surface rigs to step up the pace of exploration and facilitate better long-range planning. Our furthest step-out hole to date intercepted strong copper mineralization 580 metres along strike to the southeast from the limits of the current MNFWZ Indicated Mineral Resource,” said Brad Mercer, Capstone’s Senior Vice President, Exploration. “We encountered copper grades in excess of 4% immediately adjacent to Endeavour Silver Corp. claims over larger than average widths than typical of the MNFWZ. As a result, we have entered into an agreement with Endeavour which allows us to follow the footwall structure beyond the boundary of our concession.”

Drill hole Z17-26 intersected 834 g/t silver over 3.38 meters (true width) including 1,448 g/t silver over 1.26 meters (true width) at the San Felipe prospect on the El Paso Vein. The zone remains open for expansion. IMPACT mining personnel plan to access the old San Felipe Mine workings to establish underground drill stations to continue testing the zone. The El Paso Vein is centrally located within the district, passes less than one kilometer from IMPACT’s producing 535 tonne per day Guadalupe processing plant, and represents a potential near-term source of additional high-grade feed for the plant.

“Tenemos conocimiento que para este año serán 14 millones del Fondo Minero que se aplicarán en comunidades cercanas a las operaciones mineras, esta cantidad es solamente para Fresnillo, otra para la capital zacatecana y otra más para la Federación; es una cantidad importante de recursos que aporta Minera Saucito y Minera Fresnillo para este fondo”, aseguro Jerónimo Medina.

United States Antimony Corporation reported the successful production of antimony tri-sulfide per military MIL-A-159D specification. The product is used in all center-fire cartridges for military and commercial production. Initial production was on a small scale, but additional equipment is being installed to enter the market. The product contains 70.5% antimony. At a Rotterdam price for metal at $3.833 per pound, the antimony in the tri-sulfide would be worth approximately $10.75 per pound. Additional markets include the friction brake industry.

Magellan Gold Corporation is pleased to announce that Magellan and Rose Petroleum plc have signed a definitive and binding stock purchase agreement in respect of Magellan’s acquisiiton of Rose’s mineral processing mill operation in San Dieguito de Arriba, Nayarit State, Mexico and its associated assets, licenses and agreements. The purchase of the mill is expected to close in October 2017.

Endeavour Silver Corp. announces it has acquired the right to explore and mine for precious metals above the elevation of 2,000 metres above sea level on the 181-hectare Toro del Cobre concessions owned by Capstone Mining. Capstone’s concessions are adjacent to the 75-hectare Calicanto concessions held by Endeavour in Zacatecas, Mexico. In return, Endeavour has granted Capstone the right to explore and mine for base metals below the elevation of 2,000 masl on the Endeavour’s Calicanto concessions.

“I am very pleased that we have dealt with the challenges of delivering a new mine on schedule and on budget,” said Darren Blasutti, President & CEO. “San Rafael material will be processed at our newly modified mill before the end of the third quarter with commercial production expected to be achieved before year end.”