Category: Exploration and Development

Glenn Jessome, President and CEO of Oceanus reports, “The Oceanus drilling has expanded and supports the continuity of the vein and alteration zone between the El Tigre Camp and the south end of Gold Hill, which is a distance of approximately 1,800 meters. The vein and alteration zone remains open along strike to the south, north and at depth. Furthermore, with hole ET-17-133 we have identified a possible new high grade zone at Gold Hill. With holes ET-17-139 and ET-17-140 we have extended the strike length to the south by approximately 500 meters. These drill results further support wide zones of precious metals mineralization that demonstrate potential as a bulk-tonnage target.”

J. Duane Poliquin, Chairman of Almadex commented, “We are carrying out a systematic drill campaign to follow-up these results in the Norte zone. Elsewhere on the project we are conducting mapping and sampling preparatory to drilling other zones. This work already has defined previously unknown mineralization in the Villa Rica zone. We look forward reporting further results in the coming weeks and months as the programs progress.”

FIRST MAJESTIC SILVER CORP. announces that a rogue group of union workers have halted activities and blocked the accesses at the La Encantada Silver Mine in the state of Coahuila, Mexico. The illegal blockade arose after some of the unionized individuals did not agree with the bonus that the company and the National Union of Miners, Metallurgists, Steelworkers and Similar Workers of Mexico (National Union), agreed to offer the miners in lieu of profit sharing.

San Marco Resources Inc. announces it has commenced exploration on the Oregano project, located within the Company’s 73,000 hectare Mariana concession (appl.), approximately 240 kilometres east of Hermosillo, Sonora State, Mexico. San Marco’s CEO, Bob Willis stated; “We are excited to commence this new phase of exploration at Oregano and believe a cost-effective, focused program of work has an excellent chance of encountering higher grade gold mineralization and generating drill targets for further exploration.” The Oregano mineralized system has been traced for three kilometres and appears to be open. This is a District scale exploration opportunity for our shareholders.”

Marlin Gold Mining Ltd. is pleased to report one of the highest grade x thickness intercepts ever drilled at the Company’s wholly owned La Trinidad mine in Sinaloa, Mexico.

Mike England, President of Alix, stated: “Beneficiation is as important a step as discovering the lithium at Agua Fria. These results are extremely encouraging and we applaud the work done by our partners at Lithium Australia.”

“We are very pleased to continue finding well-mineralized vein structures in what we now recognize as down-faulted blocks flanking the elevated Quintera block, that provided virtually all of the project’s 200 million ounce silver historical production”, stated Darrell Rader, Minaurum Gold’s President and CEO. “Our new piano-key structural model indicates that these veins are exposed at a high level and that intact silver shoots may lie at only a few hundred metres depth. We are currently rehabilitating access roads in anticipation of an initial drill program.”

Consolidated Zinc Managing Director Will Dix commented “This new interpretation represents yet another opportunity for the Company to aggressively push exploration. It’s exciting to think that there are potentially significant extensions to the Plomosas mineralisation further along strike to the south and also the opportunity to review the prospectivity for copper and gold mineralisation within the project area”.

Goldex Resources Corporation is pleased to announce it has entered into a Letter of Intent with Mingeo International S.A. De C.V. for an option to acquire a fifty-one per cent interest in the Mingeo Property by spending US$500,000 by April 30, 2020 and another US$500,000 by April 30, 2022 or by bringing the property into production and fulfilling certain LOI obligations. The Property consists of six concessions totaling approximately 1947 hectares and is located within the major porphyry belt of Sonora.

Commissioning of phase 2 of the San Julián mine is on track to conclude by end-Q2, according to a statement by chairman Alberto Bailléres, ahead of the company’s annual general meeting in London, UK.