Category: Exploration and Development

“This is a very exciting development for Santacruz,” stated President and CEO Arturo Prestamo. “Not only does the San Rafael vein potentially provide a new source of feed for our Rosario mill facility, at some of the highest grades that the Company has ever assayed in the area, but there are three other areas on the Rosario property where similar E-W post mineralized structures have been identified, but have never been systematically evaluated. The NW-SE veins have been the predominant focus of most historic exploration but with the discovery of the San Rafael vein, Santacruz will broaden its exploration focus to evaluate the E-W structures on both the Rosario and Membrillo veins.”

“They’ve proven to be very effective at breaking into organizations, they are in our opinion the most destructive threat actor to hit Canada, to date,” says Charles Carmakal, the Washington D.C.-based vice-president with cybersecurity researchers Mandiant, a subsidiary of FireEye Inc.

“We are excited by the results of the first systematic exploration program carried out at El Pinguico and the surrounding properties. Historical production of gold and silver at the mine came from the El Pinguico/El Carmen vein, what this program confirms, the El Pinguico/El Carmen vein extends to the Southern claim limit, connecting with the La Joya, La Joyita and El Pirul vein systems. This discovery extends mineralization over 1.5 kms from the mid-point of the property. The logical next steps are to plan a drilling program, delineate the veins below the stock pile and define the width and depth of these new targets”, stated Cameron King, President and CEO of Vangold Mining.

“The developing interpretations for NNE-SSW faults and associated breccia zones as well as the potential for finding larger breccia bodies at depth, are hypotheses that will be tested with drilling. The potential implications for contained metal values and project economics merit investigation.” Stated John Nebocat, Vice President Exploration.

Harvest Gold’s’ President and CEO Rick Mark states: “David’s site visit to Cerro Cascaron confirmed the main features of this outstanding gold and silver exploration project and the highly professional initial exploration work conducted by Evrim’s field crew. Key features of the project are the grade and extent of mineralization and the presence of multiple targets, including the main gold vein field, the La Cascarita silver rich breccia target and the Divisadero vein and stockwork prospect located on the south side of the La Dura River. We are very excited to begin the Phase 1 exploration program shortly and plan to provide regular updates to our shareholders over the next three months as we prepare for a minimum 3,000 metre drill program in the fall of 2017. ”

San Marco Resources Inc. has entered into an agreement to sell its La Pinta 06 concession in Zacatecas, Mexico to a subsidiary of Goldcorp. Inc. for $4,090,545 MXN ($225,000 USD) and a 1% net smelter return royalty on future production from the concession. Completion of the sale is subject to the approval of the TSX Venture Exchange.

Drilling of LV5023 and LV5024 designed to infill and extend the Tres Amigos resource (TRS) has intersected 1.75m and 0.80m respectively of massive and semimassive sulphide mineralisation;

Visual assessment of the style and content of mineralisation suggests this intercept is a high grade continuation of the current JORC mineral resource at TRS;

High grade zinc and lead mineralisation has been identified from mapping and sampling of La Espadas area which is in the northern parts of the mine;

Discovery Metals Corp. (formerly “Ayubowan Capital Ltd.”) is pleased to announce that it has entered into an additional mineral exploration and option agreement dated June 7, 2017, with Jesus Miguel Hernandez Garza and Juan Reynaldo Elizondo Falcon, providing option to acquire the La Kika mineral concession located in the state of Coahuila, Mexico.

Antonio Berlanga, CEO, stated “Telson’s management is very pleased to successfully complete the Campo Morado Mine acquisition, which we see as a unique and positive way to quickly add value for our Company’s shareholders. We are in advanced discussions with several concentrate offtake purchasers to secure the operating capital required to recommence mining operations and once funding is successfully achieved, hope to bring the Campo Morado Mine back on stream, producing concentrate before the end of 2017 or earlier There are no assurances that we will successfully complete an offtake agreement to facilitate recommencement of operations on the above schedule, however we are working diligently to finalize same.”

Bahman Yamini, President and CEO of Canasil, commented: “We are very pleased with the results from the recent drill program on the La Esperanza vein returning several intercepts of high grade silver mineralization, and particularly the last drill hole which included high gold values as well. The La Esperanza project covers a district scale land package located in a highly recognized silver district known for high grade silver deposits. It is close to several active mining operations, 35 km from Pan American Silver’s La Colorada mine and 80 km from the Fresnillo mine, both recognized for high silver grades and low costs of silver production. We look forward to further exploration and drilling to advance this highly prospective project.”