Category: Exploration and Development

“I want our shareholders to understand that production and sale of gold is imminent. We have faced and overcome the initial hurdles and are nearing the time when production will begin full time for years to come. Both MarMar and Mexus agreed that we would hold off running our gold through the Merrill Crowe system until assured that the recoveries were acceptable. Patience in this area is prudent as we don’t want to risk the loss of any gold. I want to reiterate that production will be constant once all of the minor tweaks are made and we move to full time production,” added CEO Paul Thompson.

Photo gallery of progress at the Magistral del Oro tailings project, Durango

“We are pleased with the progress on the permitting process at Topia and we will continue working closely with the Mexican authorities to obtain this permit in a timely manner”, stated Robert Archer, President & CEO. “During the response period, we plan to continue normal operations at Topia using the existing Phase I TSF.”

Closed C$9.7 million strategic financing with Agnico Eagle
Environmental Application redrafted and submitted to SERMARNAT
Drill mobilized for 2,000 meter infill drill program at La Paila zone
7,500 meter phase 1 drill program of several high priority targets identified outside of La Paila resource area to commence 4Q17

“Today’s results confirm the potential to add significant high-grade mineralization to the 623 Manto and demonstrate continuity between the 623 and Guadalupe South mantos,” stated Ben Pullinger, Vice-President, Geology. “This mineralization is near mine workings and therefore has the potential to increase near term high-grade production. Our drilling program continues to successfully demonstrate the ability to expand Platosa’s mineralized footprint around existing resources. Dry conditions are also providing easier and more efficient access to strategic areas for underground drilling around the Platosa mantos.”

Precisó que los trabajos de exploración se encuentran amparados en la Norma Oficial 120, que permite hacer cierto número de exploraciones con tubos de hasta 300 metros de profundidad para sacar muestras y descartar la posibilidad de existencia de minerales.

Southern Silver Exploration Corp. reported today that it continues to identify high-grade mineralization from the current core drilling program on the Cerro Las Minitas project, Durango State, Mexico. Recent drilling has identified two thick intervals of mineralization in hole 17CLM-101 opening up the potential for significant extensions to the Blind Zone and Skarn Front deposits to the southeast of their currently drill extents.

Mr. Dan Omeniuk, Chairman and CEO of MX Gold stated, “The turn-key build out of the plant includes increasing throughput capacity to 1,000 tonnes per day. The build out is on track to be completed, with the plant operational, by this November.”

Riverside’s President and CEO, John-Mark Staude, stated: “Riverside acquired the Cecilia gold Project because our geologists view the volcanic complex at the heart of the Project as being a prime setting for a major epithermal mineral system, predominantly gold-bearing at higher levels and possibly more silver rich at lower elevations. The fieldwork we have completed so far, combined with the compilation and analysis of historical data, further supports this view. We have at least five high-potential gold targets defined at the Project, which are being permitted for drilling.”

“The financial support provided by our recently announced strategic alliance with Ossisko Gold Royalties and the subsequent private placement allows the Company to fast-track the development cycle for the La Fortuna project” said Darren Koningen, President and CEO of Minera Alamos. “Bringing ECT onboard now allows us to complete this critical stage of design so that development schedules for the project can be compressed once a formal construction decision is made. Our next critical milestone is the submission of the permit application documents for the project in the coming weeks. In addition, we are extremely pleased to announce key additions to our management group as we transition towards construction and operations. The extended capabilities of our technical team are also critical to support our goal of expanding the Company’s development and production profile through additional acquisitions in the short term”.