Category: Exploration and Development

N. Eric Fier, CPG, P.Eng, President & CEO commented, “We continue to gain further access to historic workings and expand our high grade footprint at Las Chispas. The latest results from the ongoing underground rehabilitation are for the historic Varela Mine, which includes bonanza grades of up to 40.9 grams per tonne gold and 610.0 gpt silver or 3,677.5 gpt silver equivalent (“AgEq”, based on 75(Ag): 1(Au) and 100% metallurgical recovery) over 0.3 metres. Our sample results on four levels are showing multiple grades of over 1,400 gpt AgEq. From visual inspection, the Varela Mine has two veins (the Main Vein and the Footwall Vein) and appears to have had less historical production than either the Las Chispas or William Tell veins. The grades mined at Varela may have been below an assumed historic cut-off grade of 1,000 gpt silver. SilverCrest plans on drill testing this target during the ongoing Phase II exploration program.”

Riverside’s President and CEO, John-Mark Staude, stated: “We are very encouraged by the results obtained by the geochemical and geophysical surveys completed to date at the Glor Project. Together with the results of the soil survey and geological mapping, the IP survey has provided us with several attractive drilling targets. We now look forward to results from the rock-channel sampling and recently added trenching program, with plans in place to start drilling next quarter.”

The program is targeting potential sulphide mineralization at depth believed to be underneath and adjacent to, the main zone of mineralization already defined at Sierra Mojada. Deep structures are thought to be the conduits from which the shallow mineralization seen on the project has been emplaced, and are the targets of this program. A number of drill holes have previously intercepted structurally controlled sulphide mineralization such as drill hole “B11144”, which intercepted 8.45 meters at 17% zinc, 5.45% lead, and 60g/t silver starting at 193 meters. In addition, recent underground mapping and sampling identified another area of structurally controlled sulphide mineralization with underground channel samples returning grades up to 690g/t silver, 15.25% zinc, 4.8% lead, and 1% copper.

“It is with extreme sadness that we announce this tragic accident. Our deepest sympathies and thoughts go out to this miner’s family, friends and co-workers,” said Arturo Prestamo, Santacruz Silver President and Chief Executive Officer. “We strive to have a safe workplace as we take health and safety of our employees with the highest priority. We are investigating with the authorities the cause of this accident and taking all possible measures to ensure this does not happen in the future.”

Christopher Ecclestone, CEO of Alix, stated: “We are very pleased to have quickly reached this significant milestone with Lithium Australia and look forward to our maiden drill program on Li-rich targets in Agua Fria. The objective is to discover lithium-rich clay layers similar to that of the Bacanora/REM La Ventana deposit.”

BACANORA MINERALS LTD., the Canadian and London listed lithium company developing the Sonora Lithium Project in northern state of Sonora, Mexico, is pleased to provide an update on activities being undertaken as part of the Company’s upcoming definitive Feasibility Study.

“We are very pleased to have declared commercial production at our Veta Grande Mine, which represents a new chapter for the Company as we diligently work to increase our total production threshold in Mexico. A number of activities are in progress to support further throughput growth at Veta Grande, which we see as a cornerstone asset for Santacruz.” stated CEO Arturo Préstamo. “Over the past six months, the Company has also been working to augment and diversify mineralized feed for the Rosario Mine milling facility, including the delivery of higher grade material from the Cinco Estrellas property located 40km away. While production from the Rosario Mine itself decreased in the third quarter due to narrower zones of mineralization, it is expected that additional tonnage from Cinco Estrella coupled with the commencement of commercial production at the Veta Grande Mine should result in significant increases in production in 2017.”

J. Duane Poliquin, Chairman of Almaden, commented, “We started drilling again at the Norte zone to follow up an old hole that ended in important mineralisation. The Norte Zone has room to grow from the recently reported intersections. Nevertheless, the extensive geophysical and alteration work we have done in the past show this area to be an offshoot of a much bigger target which may represent the intrusive core of this large porphyry system. This untested bigger target along with the untested Villa Rica zone will be drilled in the weeks and months ahead. To that end, a new more powerful drill was recently built for the Company. It was shipped from Vancouver this week and should be in Mexico within two weeks.”

DynaResource, Inc. is pleased to announce that Mineras de DynaResource S.A. de C.V., the 100% owned subsidiary of DynaUSA and the exclusive operator of the San Jose de Gràcia Property in northern Sinaloa, México, is reporting the delivery for sale, on October 31, 2016, of an approximate 550 Oz gold contained in concentrates (exact weights in gold and silver oz. to be determined at final settlement).

Pledge to revive U.S. manufacturing and rehabilitate the country’s aging infrastructure boosts mining stocks.