Category: Exploration and Development

Golden Minerals Company announces that Minera Hecla S.A. de C.V. has exercised its right to extend the lease of Golden’s oxide mill in Durango State, Mexico for an additional 18 months, through December 31, 2018. Additionally, Golden announces its filing of the National Instrument 43-101 compliant mineral resource estimate for the Santa Maria silver and gold project, under slightly amended terms from those announced in February 2017.

Torex Gold Resources Inc. is pleased to announce a, CIM Definition Standards compliant, mineral resource estimate for its Sub-Sill deposit of 324,000 Inferred gold ounces and 89,000 Indicated gold ounces, at a cut-off grade of 2.5g/t Au. The Inferred resource is contained in 1.33 million tonnes at an average Au grade of 7.58 g/t. The Indicated resource is contained in 353,000 tonnes at an average Au grade of 7.82 g/t. The Sub-Sill deposit is located in close proximity to the Company’s ELG processing plant in Southwest Mexico and remains open in several directions.

The Rico Litio lithium property, One World Minerals Inc’s flagship property, located in the State of California Baja Norte, Mexico, has entered phase two of an exploration program. Logistical preparations are underway with field crews on the property within three weeks and concluding with a 4000 metre (13,000 foot) drill program to be completed by the end of June 2017.

“This is an exciting time for shareholders, as we commence our bulk mining and process testing on our Santana Gold Project.” said Craig Schneider, Corex’s President and CEO.

As the Scoping Study at Plomosas continues to progress successfully, Consolidated Zinc has found significant high?grade mineralisation outside the Resource area which could have clear implications for the project’s scale.

Canuc Resources Corporation is pleased to provide summary information, previously compiled, pertaining to work done by Santa Rosa Silver Mining Corporation on the San Javier Silver/Gold project.

“The finalization of this deal with First Majestic on El Gachi and our preceding San Felipe deal with Americas Silver are the culmination of management’s strategic initiative to divest non-core assets from our mineral property portfolio and focus on our producing assets, those being the Rosario Project and the Veta Grande Project respectively”, stated Arturo Préstamo, President and CEO of Santacruz. “With an improved balance sheet and no further property payments to MHM we are now better able to maximize the return on capital from our silver production. “

Mike England, President of Alix, stated: “We are very pleased to be initiating the maiden drill program on the Agua Fria lithium clays discovery. 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.”

Orex Minerals Inc. announces that project partner Fresnillo PLC has completed a Phase-V exploration diamond drilling program of 11 holes on the Coneto Gold-Silver Project in Durango, Mexico.

Alset Energy Corp. is pleased to announce that having completed an environmental report and an application for drilling, the Company has received the necessary permits to commence drilling at its La Salada lithium project near Zacatecas, Mexico. The Company is now in the process of securing drill crews and site personnel and is expecting to commence drilling in early April.