Category: Exploration and Development

Brian Robertson, President and CEO, stated, “The exploration program is focused on three high priority mineralized zones at Las Minas. The program combines a geophysical survey with expansion and discovery diamond drilling and preliminary field exploration work. We believe the program will expand the resource at El Dorado – Juan Bran and lead to the discovery of new zones of mineralization at both Cinco Senores and Santa Cruz. The Pueblo Nuevo concession, with its numerous historical high-grade mines, is a high–priority target area.”

Riverside’s President and CEO, John-Mark Staude, stated: “Given the trench sampling intervals gave disseminated gold values in the range of 0.5-1 g/t Au at the Pitaya Target, we are surprised that this initial drill campaign didn’t manage to replicate these results. We’ve been mapping and sampling the larger Glor tenement finding numerous areas with gold and remain positive on the Project’s potential. So far we’ve developed five target areas and have only trenched and drilled one. The four additional target areas will be field sampled and worked on in the coming months to determine if another drill program will be pursued.”

“We are encouraged by the continuation of mineralization to the southeast of our mine workings, with the Plateros vein locally exhibiting very high grades, particularly in gold,” stated Robert Archer, President & CEO.  “The results of our exploration drilling have given us sufficient confidence to commence drifting in that direction to further evaluate and delineate these zones from underground.”

“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;