Category: Exploration and Development

Consolidated Zinc Managing Director Will Dix commented “This again confirms our view that there is significant untapped mineralisation accessible from within the existing mine infrastructure. I expect this new drilling at Tres Amigos North and that recently identified at Carola South will add significant tonnes to our existing JORC resource base.”

Riverside’s President and CEO, John-Mark Staude, stated: “During March-April, our Hermosillo-based team completed a number of tasks to initiate the 2017 Cecilia work program. This included obtaining access agreements from owners of surface lands that cover the Project area and setting up a temporary field camp close to the property. We now have our team in the field sampling and mapping toward defining high-quality drill targets. Riverside is committed to turning over prospects quickly and advancing the Company’s portfolio with a clear focus on discovery and value creation. We look forward to a steady flow of news and results from work programs in the weeks and months ahead.”

Ramon Perez, CEO of Candelaria commented, “We are pleased to have these new drill holes incorporated into an updated resource estimate for the La Paila Zone. While the ounces in the resource are lower as compared to the previous 2012 report due to the introduction of a pit constraint, the overall in-pit resource did not change materially. The tighter drill hole spacing gives us more confidence in the deposit. We have also identified important drill targets going forward. As we advance the technical work on the project and perform additional drilling beyond the current pit constraint area, we expect to see an increase to the resource at La Paila. We are encouraged by the multiple drill ready targets located within the bigger Caballo Blanco project area.”

A la fecha no se han liberado los recursos correspondientes al Fondo Minero 2015, a pesar de que desde hace más de cinco meses Rosario Robles Berlanga, titular de la Secretaría de Desarrollo Agrario, Territorial y Urbano (Sedatu), entregó de manera simbólica el recurso.

Pete Dougherty, President & CEO commented: “With the acquisition of Fresnillo’s San Juan concession and the drill results so far, we expected to increase the life of the El Castillo mine. Drilling results to date are positive and indicate strong potential to expand the current pit limits initially into the North Target area. This previously announced acquisition also allows us to extract a large, known wedge of economic mineralization that lies on our side of the original concession boundary, as we move the pit wall back onto the newly acquired ground.”

Alvídrez Ortega comentó que “el compromiso con el cuidado del medio ambiente que tiene Fresnillo plc es una prioridad para todas nuestras unidades de operación, por lo que la ratificación como Industria Limpia de Minera Fresnillo y la certificación de Minera Saucito, es una muestra de nuestro interés por tener un entorno sano, sustentable y seguro”.

The claim package comprises 2 concessions, known as Biznagas and Los Lenchos, totaling 9600 hectares, which are contiguous to the south and west with the Cerro Las Minitas claim block. The Biznagas claim was recommended for staking by La Cuesta International, Inc. whose previous exploration activities in the region resulted in the discovery of the nearby San Sebastián Mine (Hecla Mining Ltd.) and the San Agustin project (Argonaut Gold). Southern has negotiated a Finder’s Agreement with La Cuesta as set out below.

Galore Resources Inc. announces that it has commenced a 3,500- meter diamond-drilling program on its wholly owned Dos Santos Property in Zacatecas State, Mexico.

San Marco Resources Inc. announces it has commenced preparation for Phase One core drill program at its 100% owned Chunibas gold/silver project, located approximately 160 kilometres east of Hermosillo, Sonora State, Mexico.

San Marco Resources Inc. announces that results from ongoing geological mapping and prospecting have confirmed and expanded the size potential of Target #1068 in Sonora State, Mexico, elevating the target to project status.