Category: Exploration and Development

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.”

Thomas Atkins, President and CEO of Mammoth commented on the channel sample results stating: “These results are consistent with what we’ve seen in drill core and surface samples and are typical of High Sulphidation systems. We’d previously collected hundreds of chip samples over the large 15 square kilometre mineralized area on the property with many of these samples assaying from a couple of grams gold per tonne to as much as 75 grams gold per tonne combined with lower grade mineralized intervals. What’s impressive with these channel samples is we’re seeing attractive potentially economic grades in material over continual widths of 23 to 50 feet with extensions to these mineralized intervals limited only by available outcrop. Being on surface and given gold on the property occurs as free gold and amenable to heap leaching these grades are comparable to numerous economically robust open pit heap leach mines in operation in Mexico.”

Nyrstar NV today announces that it has successfully completed the sale of its Campo Morado mine in Mexico to Telson Resources Inc. and Reynas Minas S.A. de C.V. for a total cash consideration of USD 20 million, plus the potential for additional future proceeds through a variable purchase price agreement linked to production at the Campo Morado mine.

VVC President Jim Culver reiterated that “VVC and its partners are committed to operating the Samalayuca Copper Project in an environmentally and socially responsible manner. The Samalayuca Project can have a hugely positive economic impact in the region without negative environmental consequences.”

Gregory A. Beischer, President & CEO commented: “There is at least one known, moderately-dipping, near-surface structure that is reported to host gold over significant intervals. Through drilling, we look forward to verifying the previously-reported historic results and expanding the limits of the reported mineralization. Pursuing this project has been made possible through our ongoing partnership with Centerra”.

“Cumplir cuatro millones de horas hombre sin accidentes con tiempo perdido, posiciona a la empresa entre las más seguras de la industria minera a nivel Nacional”, destacó el Dr. Luis Chávez Martínez Senior VP México de Álamos Gold Inc., expresando que este éxito demuestra un gran trabajo en equipo que se refleja en la educación, formación, compromiso y entrega de todo el personal que labora en Mina El Chanate, enviando también sus felicitaciones a todos por cuidarse, y por cuidar a sus compañeros en el trabajo.

Southern Silver Exploration Corp. reported today additional assay results from the 2017 core drilling program on the Cerro Las Minitas project, Durango State, Mexico, which identified a thick zone of silver-copper enriched mineralization in hole 17CLM-098.

Akiba Leisman, Executive Chairman and Interim CEO states that “drilling at the Taunus pit is giving us great exploration success. Areas that were previously modeled as waste are yielding mineralized intercepts that are multiples of our 0.35 g/t gold cut-off grade. This drilling program will add ounces to our mine plan, and we will continue drilling to the southeast to determine how significant the Taunus pit can eventually become.”