Category: Exploration and Development

MX Gold Corp. is pleased to announce that, further to its February 13, 2017 news release, the Company has paid an additional US$425,000 to American Metal Mining S.A. de C.V. as required under the option agreement dated February 6, 2017, as amended. To date, the Company has paid US$1,075,000 of the US$1,525,000 total amount required in order to acquire 50% of the shares of a private Mexican corporation that holds the IDS Project. As stated in the February 13th news release, the IDS Project consists of a past producing gold smelter, three acres of land situate around the smelter, and various equipment and permits associated therewith. Upon advancement of the initial payment, the Company was granted a 49.5% net profit participating interest in the IDS Project that will remain until option exercise, provided that all payments are made by the Company in accordance with the amended option agreement.

Telson Resources Inc. is pleased to announce that is has entered into a definitive Share Purchase Agreement with Nyrstar Mining Ltd. and Nyrstar Mexico Resources Corp. to purchase all of the shares of Nyrstar’s Mexican subsidiary companies that make up and own 100% of the Campo Morado mine, located in Guerrero State, Mexico.

“The Platosa optimization program is nearing completion,” stated Brendan Cahill, President and Chief Executive Officer. “With each additional submersible pump we are increasing the local rate of drawdown at Platosa resulting in drier mining conditions day-by-day and the results continue to confirm or exceed our projections. Essential well cleaning was largely completed during Q1 and we are now in position to install submersibles more rapidly. We remain on track for a dry mine by the end of Q2.”

Ceyla Cruz Gutiérrez, activista y comunera zoque y también representante del Comité Unidos por el Pueblo denunció que fue victima de una agresión verbal e intimidaciones de parte de trabajadores del ayuntamiento de San Miguel Chimalapa cuando realizaba capturas fotográficas de representantes mineros quienes ingresaban al palacio municipal.

“During the quarter we continued to focus our efforts on reserve replacement and populating the resource triangle with new targets,” said Paul Harbidge, Senior Vice-President, Exploration. “I am encouraged with the positive results that we are seeing from our portfolio of projects as well as the generative studies which are laying the foundation for future exploration success. We are well positioned to meet our targeted 20% increase in reserves over the next five years.”

Jim Williams, Chief Executive Officer of Arian commented: “It is helpful to have come to a conclusion on the Noche Buena tailings project. In drawing a line under this project, we can focus on our lithium interests where we see the greatest upside potential. We expect to announce the first set of assay results from our recently acquired lithium projects imminently, and a preliminary technical report is scheduled to be completed soon thereafter.

Mike England, president of Alix, stated: “We are very pleased with the results from the first drill hole and the drill progress to date the Agua Fria lithium clay targets. 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.”

“We are very encouraged with the overall results of the initial exploration drill program between the San Luis workings and Elena Tolosa, and due to the success of the program, we are pleased to have extended it. The results support the continuation of the extensive Avino Vein system, and continue to demonstrate that this is a new gold rich area that has been untouched in the past,” David Wolfin – President & CEO Avino Silver & Gold Mines Ltd.

Ramon Perez, Chief Executive Officer, stated, “The discovery of these new holes is being incorporated into the updated NI 43-101 Technical Report which we anticipate will be completed within the next two weeks.”

Acapulco Gold Corp. is pleased to announce that it has entered into a mineral exploration earn-in agreement with OZ Exploration Pty Ltd. and Minera Zalamera S.A. de C.V., pursuant to which Zalamera has granted an exclusive option to the Company and OZ Minerals, together as optionees, to acquire the Zaachila, Riqueza Marina, and Zapotitlan projects in Oaxaca, southern Mexico.