Category: Exploration and Development

Jim Williams, Chief Executive Officer of Arian commented: “It is helpful to have come to a conclusion on the Noche Buena tailings project. In drawing a line under this project, we can focus on our lithium interests where we see the greatest upside potential. We expect to announce the first set of assay results from our recently acquired lithium projects imminently, and a preliminary technical report is scheduled to be completed soon thereafter.

Mike England, president of Alix, stated: “We are very pleased with the results from the first drill hole and the drill progress to date the Agua Fria lithium clay targets. With an international team of Canadian, Australian and Mexican personnel, the objective is to discover lithium-rich clay deposits similar in grade and size to that of the Bacanora/REM La Ventana deposit.”

“We are very encouraged with the overall results of the initial exploration drill program between the San Luis workings and Elena Tolosa, and due to the success of the program, we are pleased to have extended it. The results support the continuation of the extensive Avino Vein system, and continue to demonstrate that this is a new gold rich area that has been untouched in the past,” David Wolfin – President & CEO Avino Silver & Gold Mines Ltd.

Ramon Perez, Chief Executive Officer, stated, “The discovery of these new holes is being incorporated into the updated NI 43-101 Technical Report which we anticipate will be completed within the next two weeks.”

Acapulco Gold Corp. is pleased to announce that it has entered into a mineral exploration earn-in agreement with OZ Exploration Pty Ltd. and Minera Zalamera S.A. de C.V., pursuant to which Zalamera has granted an exclusive option to the Company and OZ Minerals, together as optionees, to acquire the Zaachila, Riqueza Marina, and Zapotitlan projects in Oaxaca, southern Mexico.

Mexus Gold US announced that on Saturday, April 22nd, CEO Paul Thompson observed the first smelting of precipitate at its Santa Elena mine. “This test run went well resulting in a small amount of dore. The crew will be fine tuning the temperature of the furnace, adjusting the flux mixture, and installing a more precise weighing system. These are normal steps for a start-up and won’t take long to perfect. This is a hallmark moment for Mexus and marks what will be the first of many gold pours to come.” added CEO Paul Thompson.

Santana Minerals Limited is pleased to announce recent diamond saw trenching results at the La Plata prospect some 2km north of the Jesus Maria prospect plus rock chip and diamond saw trenching results at the Santa Eduviges prospect south of the Mojardina prospect, all of which sit within the Company’s Cuitaboca Project in Sinaloa, Mexico.

Kootenay Silver Inc. is pleased to announce that amended permits are in place and preparations for the previously announced 7,500-meter drill program are underway at its 100% owned La Cigarra silver project, located in Chihuahua State, Mexico. Drilling will commence in approximately two weeks and operate concurrently with ongoing geological mapping and sampling programs on peripheral target areas, which will be drill tested later in the year. The program is designed to expand on the reported Measured and Indicated silver resource, which currently stands at 18.5 million tonnes grading 86.3 gpt containing 51.5 million ounces and an Inferred silver resource of 4.45 million tonnes grading 80.0 gpt containing 11.4 million ounces.

Allan Barry Laboucan, President and CEO of Alset Energy said: “Our team has worked hard to get to this stage where we can start drilling and carrying out further sampling on the La Salada salar. La Salada is one of our highest grade salars based on past historical work, but we really need to better understand the distribution of lithium, potassium and boron throughout the salar and to test for brine horizons. I look forward to a good news flow from this program as we will be very busy working at La Salada and sending material in for testing.”

Evrim Resources Corp. is pleased to provide an update on recent activity at its Ermitaño gold-silver project in Sonora, Mexico under option to First Majestic Silver Corp. First Majestic has completed six additional drill holes following up discovery hole EW16-04 that intersected 11.4 grams per tonne gold over 18.0 metres at the Ermitaño West prospect. During a site visit, Evrim geologists reviewed holes EW16-05 to EW16-07 and report intersections of wide veins with near identical vein mineralogy and textures to those reported in hole EW16-04.