Category: Exploration and Development

“The recent set of drill results has yielded further improvement in potential size, quality and scope of the Cerro Las Minitas project,” said Lawrence Page, Southern Silver’s President. “Our focus will remain to establish this rapidly evolving district into one of the most significant economic polymetallic discoveries in our industry.”

Mexus Gold US released an update on its Santa Elena mine. MarMar Holdings Inc., the mine operator at the Santa Elena, is currently loading ore on the heap leach pad. As previously stated, the equipment currently on site is insufficient to meet the scale of the project. The time and associated costs of using this equipment is prohibitive in the long run. MarMar is moving a larger crusher to the site that once installed will speed the loading process. Installation of this larger crusher will allow the company to optimize and maximize its daily output of ore and lead to much faster completion of the first lift. The cyanide leaching system will be placed on this first lift when done.

Robert Willis, San Marco’s President and CEO noted “we consider our Target #1068 as “proof of concept” for the highly time and cost efficient targeting JV we created with GlobeTrotters. Our crews have partially mapped in a classic porphyry alteration system of substantial size. Most surface exposures are high-level lithocap, which generally doesn’t display anomalous geochemistry. However, we have been able to find scattered exposure in arroyos where erosion has exposed underlying rock units and mineralization. All the sampling done at these exposures has reported anomalous to highly anomalous copper and gold values. We view Target #1068 as a legitimate new porphyry discovery and look forward to rapidly advancing it. We have scores of other targets in the region to investigate and rank and that work will be carried on simultaneously”.

J.D. Poliquin, chairman of Almaden stated, “Today’s results once again show the presence of the high grade veins on the Tuligtic project. While we are now focussed on developing the Ixtaca deposit into a significant precious metals producer in Mexico, and are currently busy with engineering work and studies towards producing a PFS, this exploration drilling demonstrates additional resource potential both laterally and, because we are at the top of a fully preserved epithermal system, future exploration drilling will also test for feeder veins beneath the Ixtaca sheeted vein zone.”

Canasil Resources Inc. announces that the Company has completed the first hole, ES-16-12, of the 2016-17 core drilling program at the La Esperanza silver-lead-zinc project in Durango and Zacatecas States, Mexico. The hole was drilled to a downhole depth of 394.5 metres. This hole intersected an extended interval from 345 metres to 391 metres down hole, carrying banded quartz veins, veinlets and breccias hosted within fractured and brecciated volcanic rocks. Base metal sulphides including sphalerite, galena, and chalcopyrite have been noted. The core is being logged and prepared for assaying to determine base metal and possible silver content.

Mexus Gold US announced that after careful deliberation the Company has determined to acquire the concessions comprising the San Felix Project. Mexus has entered into land surface use agreements and concession purchase agreements for various land parcels which expired under the prior owner’s failure to pay. The agreements require a cash payment with term payments to the respective owners. The Company also announces the execution of an agreement with MarMar Holdings Inc. whereby each company owns a 50% share of the San Felix Project and designates MarMar Holdings Inc. as the operator of the daily production activities…

Tim Barry President & CEO of Silver Bull states, “The start of 2017 is shaping up to be an exciting one for Silver Bull. The exploration drill program targeting the sulphide mineralization provides a new aspect to the Sierra Mojada story which I believe will be transformative to the story if we are able to intercept any significant zones of sulphide. In addition with the strong recent performance and positive outlook for zinc, we now feel the time is right to push the zinc part of the Silver Bull story. Very few companies have zinc assets of the size and grade we have at Sierra Mojada, especially with the sort of infrastructure we have close by immediately adjacent to the project, and in a viable mining country like Mexico. When I consider the silver and zinc resource already defined at Sierra Mojada, coupled with the exploration upside, Silver Bull provides a unique opportunity for investors in both base and precious metals”.

Charles Funk, Evrim’s Vice President of New Opportunities and Exploration commented, “This is an exciting discovery for Evrim and its partner, First Majestic. The intercepts show significant widths within 240 metres from surface into the principal vein, located in a larger vein field. The mineralization is gold rich (relative to silver) and the high gold grades are evenly distributed across the drill intercepts. This discovery is very close to First Majestic’s Santa Elena mine and provides great potential for Evrim to realize Ermitaño’s value in the near term.”

Lithium Australia Managing Director, Mr Adrian Griffin commented: “Lithium Australia and our partner, Alix Resources, are pleased to have progressed the project to the key metallurgical testing stage. The region offers great lithium potential, as has been demonstrated nearby, by Bacanora Minerals. Working closely with Kappes Cassiday and Associates, we will use our past experience for the benefit of the project, to develop the best possible commercial outcome. The application of the best available processing technology is the key to success and we plan to use that key, not only on the Electra Project, but also on other lithium clay opportunities”.

La segunda mayor productora de oro de Canadá recibirá 71 millones de dólares en acciones comunes de Leagold