Category: Exploration and Development

Sonoro Metals Corp. announces that through its wholly-owned Mexican subsidiary, Minera Mar de Plata, S.A. de C.V., it has entered into an assignment agreement with Agnico Sonora, S.A. de C.V., a subsidiary of Agnico Eagle Mines Ltd., for the sale to Agnico of Sonoro’s Chipriona project in Mexico for $4 million plus a 1% net smelter returns royalty. The NSR may be purchased by Agnico at any time for $1.5 Million.

Minaurum Gold, Inc. is pleased to announce it has identified three new targets along a 2.5km section of the 7.5-km long epithermal vein system located at the La Quintera Silver Project in southern Sonora State. This area contains the La Quintera and Promontorio mines, which are estimated to have produced more than 140 million ounces of silver from 1680 to 1910. Geological mapping and sampling continue in the three target areas, as well as in additional potential targets on parallel zones.

Glenn Jessome, President and CEO of Oceanus, commented: “These drill results continue to exhibit wide oxidized zones of precious metals mineralization that outcrop at surface, further supporting our hypothesis that El Tigre could be another significant bulk tonnage project in the Sierra Madre Occidental in Mexico. The two drill rigs operating at El Tigre will continue to move north and south along the 1.6 km strike length over the old El Tigre mine during the first quarter of 2017 as the Company works to complete an updated NI 43-101 compliant resource estimate in 2017.”

San Marco’s CEO, Bob Willis states “Chunibas continues to show us we have yet to find the limits of the mineralization in all directions. Based on our revised geological model and expanded deposit footprint, we are confident that the 2016 program will lead to further exploration and diamond drilling. “

IMPACT Silver Corp. is pleased to announce more high-grade drill results for silver from the Deeps Zone of the San Ramon Mine in central Mexico. These new drill intersections are located at depth below previously reported drill intersections. Additional holes have been drilled and results are pending. New drill results are as follows:

Mexus Gold US and its JV partner MarMar determined in November that a Merrill Crowe plant would be the best recovery system at the expanded Santa Elena mine. The Merrill Crowe plant to be used was loaded and shipped from Walnut Grove, CA. The plant cleared customs on December 8th and will arrive at the mine site December 12th. As previously stated the assembly of the plant is not complicated and should be fully operational in January 2017. The added time and effort to import a Merrill Crowe plant will be well worth it in terms of production.

Millrock Resources Inc. announces that it has completed an initial drilling program at its Los Chinos gold project in Sonora State, Mexico. The project is the subject of a previously-announced option to joint venture agreement with Centerra Gold Inc. Under the option agreement, Centerra can earn a 70% interest by funding US$5.0 million in exploration expenditures over a five year period. Millrock manages the exploration work in close consultation with Centerra.

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 the County of Sinaloa de Leyva, State of Sinaloa, México, is reporting the delivery for sale, on December 6, 2016, of an approximate 600 Oz gold contained in concentrates (exact weights in gold and silver oz. to be determined at final settlement).

La Secretaría del Trabajo y Previsión Social (STPS) otorgó a Minas de Oro Nacional- Alamos Gold el Distintivo “Empresa Familiarmente Responsable” por implementar y promover políticas laborales que contribuyen a que los trabajadores se desarrollen de manera integral, tanto en el trabajo como en su ámbito familiar y de manera profesional, mismo que fue recibido por la Lic. Dora Ríos Campa, en representación del Gerente General de Minas de Oro Nacional, Ing. Héctor Araiza Martínez.

Allan Barry Laboucan, President and CEO of Alset stated: “We have just started the first phase in testing the chemical composition of our salars and our team is delighted with the results. In addition to the encouraging lithium results the potassium grades are encouraging as well. Currently Mexico imports all of its potassium and a domestic source would not only be a cost saver for Mexico but would create job opportunities in a crucial commodity for the farming sector. Furthermore, the silver results suggest there may be potential for precious metals as well and further work is required to assess this potential. We are still in the very early stages of assessing the realistic potential of the projects. I’m excited about these results and look forward to the upcoming leach tests on these samples prior to follow-up drilling at several of the salars in the early part of 2017.”