Category: Exploration and Development

Tawn Albinson, the President of Prospero Silver commented: “Petate is the second project of three selected for first-pass drilling as agreed with our strategic partner Fortuna Silver. Under our arrangement with Fortuna, when we have completed drilling three projects, they have the right to select one for a joint venture. We are happy with the results at El Petate. In particular, holes 1, 9 and 11 have highlighted interesting grades over intervals of up to 24.9m downhole, although with unknown strike extent, indicating prospective deeper targets for a follow-up program. We are strongly aligned with Fortuna to drill as many of Prospero’s projects as possible, hence the plan to mobilise onto the next target, Pachuca SE, as soon as possible — hopefully in January. The Pachuca SE target lies about 20km southeast of the Vizcaina vein, one of the largest silver-rich epithermal veins in the world.”

Carlos Silva, COO of Santacruz, stated “The purpose of this diamond drilling campaign is to confirm the width and grade of the Veta Grande vein at depth which will allow us to properly develop a mine plan to deliver mineraized material to the expanded Veta Grande mill” Mr. Silva continued “These ongoing activities at Veta Grande will result in more reliable operations and provide a solid base for growing the Company.”

Tim Barry, President, CEO and director of Silver Bull states, “350 meters of historical workings were opened up along the east-west trend of the sulphide mineralization we drilled in 2017. This channel sampling program clearly shows the continuation of high grade mineralization towards the west. Our underground geological mapping shows a number of high angle structures up to 2 meters wide containing sulphide mineralization grading up to 1,300 grams per ton silver, 42% zinc, 18% lead, and 13% copper that appear to feed into the overlying oxide zone. Our plan for the first part of 2018 is to walk our drill rig along these newly opened up east-west underground workings with the view of demonstrating continuity of the mineralization. The exceptionally high zinc numbers we see in the new area is consistent with what we see in other areas we drilled in 2017 and presents an exciting new target. In addition to the continued drilling along the sulphide trend we expect to have additional results from our 2017 drill program out to the market shortly”.

Minera Alamos Inc. is pleased to announce the completion of the geotechnical studies required for the approval of its mine development permits for the La Fortuna Gold Project in Durango, Mexico. The study results which include the design of the tailings containment facilities comprise the final data package to be submitted by the Company’s environmental consultant (Consultoria Ambiental Vugalit, S.C.) to the Mexican Federal Environmental Agency (Secretaria de Medio Ambiente y Recursos Naturales or “SEMARNAT”) as part of the mine permitting approval process. Based on the feedback received to date, the target for approval of these permits remains early second quarter in 2018.

Canuc Resources Corporation is pleased to provide an update on exploration at the San Javier Silver-Gold Project in Sonora State, Mexico.

Cameron King, Vangold CEO advises, “The drilling program is to define and expand the potential mineralization at El Pinguico. We are fully aware of the historical cutoff grade mined at 15g/t AuEq, now it’s our job to prove it. With drill results, we can define a resource over the UG stockpile and document its value. Phase 2 drilling is the start of Vangold’s future growth strategy, proving the El Pinguico vein system continues at depth adds years of development and production.”

Leagold CEO Neil Woodyer stated: “On closing of the acquisition last spring, we immediately launched an aggressive drill program to unlock the potential of the Bermejal Underground deposit. The exploration team has done a great job completing this important program on schedule and working with our consultants to produce updated resource estimates that doubled our Measured and Indicated resources. Today’s results are consistent with what we have encountered throughout the drill program to date, and several areas of high-grade mineralization have been defined. We continue development of the underground ramp which has now advanced to 281 metres, and expect to have access to a test mining area by mid year. The expansion of the resource and development of the project are delivering value to our shareholders.”

MX Gold Corp is pleased to announce, further to its news release dated November 13, 2017, the delivery of 360 AvalonMiner 741 cryptocurrency mining systems (each, a “Mining Rig”), purchased from Canaan Creative Co. The purchase of the Mining Rigs equips the Company with a fleet of state of the art, digital currency extraction hardware. Each Mining Rig contains 88 x A3212 16 nm ASIC chips and boasts an in field Reliable Hashrate Per Second (RTHS) of up to 7.8. The Mining Rigs are housed in high-grade aluminum cases and employ innovative Airforming Cooling Technology, allowing more efficient heat dissipation. Coupled with access to contracted low-cost energy sources, the Company expects that the Mining Rigs set up will result in a competitive digital currency extraction environment.

CEO Paul Thompson stated, “I want our shareholders to understand that Mexus is moving forward with its plan become a major miner. The end game is to have multiple properties producing metals in the next few years. MarMar is well in control of the Santa Elena project which affords us the ability to move forward on our other projects. The coming months will be an exciting time for our shareholders as we announce new developments and plans on multiple properties.”

Mr. Stanford added, “In the 10 months of 2017 operations, prior to the illegal blockade, 241,000 ounces of gold were poured, and the plant was producing at approximately 90% of design capacity. We are optimistic that progress is being made in getting the operations re-started, and look forward to completing the ramp-up, finishing the SART Plant, and getting back underground into the Sub-Sill area. 2018 has the potential to be a catalyst rich year for Torex, for the benefit of our shareholders, employees, communities, and the thousands of families that depend on the operations for their livelihood.”